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World Bank News
Proud Moment for India! Country jumps 14 places in Ease of Doing Business from 77th to 63rd spot - Full list
Thu, Oct 24, 2019
India is going from strength to strength and the world is taking note. This is reflected in the rising graph of India in global ranking. Significantly, India has further improved its ease of doing business ranking, jumping 14 places to 63rd rank.
IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties
Sat, Oct 19, 2019
Finance Minister Nirmala Sitharaman called for ‘concerted action’ to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth.
Big boost for the auto industry, MSMEs: World Bank Group arm IFC to channel $200 million into Shriram Transport Finance
Thu, Jul 25, 2019
Big boost for the auto industry, MSMEs: IFC, a member of the World Bank Group, will channel $200 million into Shriram Transport Finance to primarily fund purchases of commercial vehicles and support MSMEs.
Credit to small firms: Government in discussions with multiple foreign lenders
Sat, Jul 20, 2019
A spokesman for World Bank in India on Saturday said the discussions with the government were in the early stages, adding that "further rounds of consultations will help us define the contours of this collaboration".
SBI MD Anshula Kant named World Bank MD and CFO
Fri, Jul 12, 2019
In a proud moment for India, State Bank of India (SBI) Managing Director Anshula Kant was named to the prestigious World Bank (WB) posts of Managing Director and Chief Financial Officer today. This was announced by none other than WB president David Malpass.
World Bank praises China's Belt and Road initiative but asks for more transparency in it
Wed, Jun 19, 2019
China’s massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said.
India's CreditVidya finds a place in Inclusive Fintech 50 list
Tue, Jun 18, 2019
CreditVidya, India’s leading big data-based credit assessment firm, has been included in the Inclusive Fintech 50, a list of the world’s top early-stage fintech firms driving financial inclusion.
World Bank retains India's growth rate for FY19-20 at 7.5 pct
Wed, Jun 05, 2019
India is projected to grow at 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said.
World Bank maintains China's 6.2% growth forecast for 2019
Fri, May 31, 2019
"Additional stimulus should be appropriately funded either directly at the central level or through additional fiscal transfers to the provinces. Higher spending on health, education and social protection could help boost demand and improve the quality of services, if combined with reforms to increase efficiency,"
Some reforms in India show benefits of digitalisation, reduction in frauds: IMF
Wed, Apr 10, 2019
External scrutiny by Supreme Audit Institutions (SAIs), parliaments and civil society helps safeguard the integrity of public finances and hold civil servants and elected officials accountable, the IMF said.
India retained top spot in remittances in 2018: World Bank
Tue, Apr 09, 2019
India has retained its spot as the world`s top remittance recipient with its diaspora sending $79 billion back home in 2018, the World Bank has said in a report.
India's economic growth driven by domestic demand, need to focus on exports: World Bank
Mon, Apr 08, 2019
India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth.
World Bank board elects US Treasury's Malpass as next president
Sat, Apr 06, 2019
The World Bank`s executive board unanimously approved David Malpass, the U.S. Treasury Department`s top diplomat, as the bank`s next president, continuing the 73-year tradition of an American leading the development lender.
Trump pick only contender for World Bank President
Fri, Mar 15, 2019
On Thursday, the bank's board of executive directors confirmed that it had received only one nomination and that Malpass, the Treasury's undersecretary for international affairs, will be considered for the position, reports Xinhua news agency.
World Bank to provide USD 250 mn to boost rural income
Tue, Mar 05, 2019
"A key focus of the project will be to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, markets and networks; and generate employment," Wold Bank said in a statement.
Food-borne illnesses cost US$ 15 Billion Per Year in India: World Bank Report
Sat, Mar 02, 2019
This segment of Zee Business brings to you latest tips on how to save yourself from unsafe food and also know how unsafe food impacts your health. Watch the full video to know more.
What can lead to better jobs, higher wages in India? World Bank-ILO report cites this
Thu, Feb 28, 2019
With the right policies, India can ensure that greater export orientation can boost workers' gains from trade and spread them more widely, so benefiting disadvantaged groups, the report said.
Shimla, Greater Shimla alert! Here is a good news
Fri, Feb 15, 2019
"Growing urbanization and heavy tourist load in summer months places huge demands on the water supply infrastructure and sanitation facilities in the city of Shimla," said Sameer Kumar Khare, Additional Secretary in the Ministry of Finance.
India likely to gain $11bn in exports from US-China trade war: UNCTAD
Thu, Feb 14, 2019
As Trump announced a series of tariffs on imports totaling $250 billion from China last year, Beijing retaliated with tariffs on imports worth $110 billion from the US.
India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank
Wed, Jan 09, 2019
In 2018, the Chinese economy is estimated to have grown by 6.5 per cent as against India's 7.3 per cent. In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.