World Bank slashes India's growth forecast to 6 percent
Oct 13, 2019, at 06:04 pm
New Delhi: The World Bank on Sunday reduced the growth forecast for India in the current fiscal year to 6 percent.
Centre withdraws request to World Bank for financing Amaravati project
Jul 21, 2019, at 09:58 pm
Amaravati, July 21 (UNI): On July 15, the Union government withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project.
World Bank downgrades global growth forecasts, poorest countries hardest hit
Jun 07, 2019, at 09:42 am
New York, June 7 (IBNS): The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.
World Bank puts India's growth forecast at 7.5 percent for fiscal 2020
Jun 05, 2019, at 09:06 am
Washington, June 5 (IBNS): In its current forecast, World Bank has put India's growth rate at 7.5 percent in the present financial year.
World Bank's $ 70 million loan to Sri Lanka to strengthen local authorities
May 14, 2019, at 08:33 pm
Colombo, May 14 (UNI): International Development Association (IDA) of the World Bank has provided a loan of $ 70 million to Sri Lanka to strengthen the services provided by local authorities to the people in several districts across the island, a statement from Sri Lanka's finance ministry said here Tuesday.
World Bank's newly-elected president says looks forward to constructive relationship with China
Apr 12, 2019, at 09:47 am
Washington, Apr 12 (Xinhua/UNI) David Malpass, who was elected president of the World Bank last week, said Thursday that he looks forward to a constructive relationship between the international lender and China.
India remains top recipient of remittances with $79 billion in 2018: World Bank
Apr 10, 2019, at 09:23 pm
New Delhi, Apr 10 (IBNS): India has retained its position as the world's top recipient of remittances, a World Bank report has said.
David Malpass takes office as World Bank president
Apr 10, 2019, at 08:38 am
Washington, Apr 10 (Xinhua) David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm.
David Malpass becomes 13th President of World Bank Group
Apr 06, 2019, at 06:01 am
Washington, Apr 6 (IBNS): The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday.
Feb 15, 2019, at 07:08 pm
New Delhi, Feb 15 (IBNS): The Government of India, Government of Himachal Pradesh (GoHP) and the World Bank signed here today a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area, who have been facing severe water shortages and water-borne epidemics over the last few years.
India will accelerate to 7.3 percent in FY 2018/19: World Bank
Jan 09, 2019, at 09:40 am
Washington, Jan 9 (IBNS): The World Bank on Tuesday projected that India will accelerate to 7.3 percent in FY 2018/19.
Global economy to slow to 2.9 percent in 2019 as trade, investment weaken: World Bank
Jan 09, 2019, at 09:32 am
Washington, Jan 9 (IBNS): Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures.
Conclave Rural Connect-2018 encourages farmers to turn into agro-entrepreneurs
Dec 07, 2018, at 05:56 pm
Kolkata, Dec 7 (IBNS): A two-day conclave titled 'Rural Connect 2018' was recently organised in Kolkata to encourage farmers in West Bengal to turn into agro-entrepreneurs from agro-producers.
Indian government rejects World Bank's HCI report
Oct 12, 2018, at 09:55 am
New Delhi, Oct 12 (IBNS): The Indian government has rejected the World Bank's Human Capital Index (HCI) findings where it has placed the Asian nation at 115th position out of 157 countries on various parameters.
Sep 24, 2018, at 04:49 pm
Kolkata, Sept 24 (IBNS): Deeper regional trade and connectivity has the potential to more than triple India’s trade with its South Asian neighbors, says a new World Bank report.
India, World Bank sign $300 million agreement to scale up India’s energy efficiency program
Aug 28, 2018, at 11:03 pm
Kolkata / New Delhi, Aug 28 (IBNS): The Government of India, the Energy Efficiency Services Limited (EESL), and the World Bank on Monday signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program.
India surges ahead of France to take sixth spot on world's biggest economy list, says World Bank
Jul 11, 2018, at 12:51 pm
New Delhi, July 11 (IBNS): India has raced ahead of France to take the sixth spot on World Bank's list of world's biggest economy.
World Bank approves Rs. 6,000 crore Atal Bhujal Yojana
Jun 06, 2018, at 06:26 pm
New Delhi, June 6 (IBNS): The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation.
World Bank approves Atal Bhujal Yojana, to assist the Central sector scheme
Jun 06, 2018, at 02:49 pm
New Delhi, Jun 6 (IBNS): The Union Ministry of Water Resources, River Development and Ganga Rejuvenation, on Wednesday, said that the World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6,000 crore Central Sector Scheme of the Ministry.
India to get USD 21.7 million from World Bank for Public Financial Management in Rajasthan Project
May 29, 2018, at 08:24 pm
New Delhi, May 29 (IBNS): The Union Finance Ministry said on Tuesday that India has signed a loan agreement with the World Bank for USD 21.7 million for strengthening the Public Financial Management in Rajasthan Project.
World Bank projects 7.3 percent growth rate for India in 2018
Jan 10, 2018, at 02:01 pm
New Delhi, Jan 10 (IBNS): Giving positive news to people in the country, the World Bank has projected India'a growth rate to 7.3 per cent in 2018.
Dec 27, 2017, at 01:02 am
New Delhi, Dec 26 (IBNS): The Government of India, the Government of Tamil Nadu and the World Bank on Tuesday signed a $318 million loan agreement for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.
India jumps 30 notches to 100 rank in ease of doing business
Nov 01, 2017, at 02:04 am
New Delhi, Oct (IBNS): India has recently jumped 30 notches to 100 rank in the World Bank's ease of doing business, media reports said.
World Bank approves support to vocational training across India
Mar 07, 2017, at 12:28 am
Washington, Mar 6 (IBNS): The World Bank Board has approved the US$ 125 million Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) aimed at improving the quality of long-term vocational training provided in Industrial Training Institutes (ITIs) and apprenticeships.
India signs Financing Agreement with World Bank for US$ 63 Million for Tejaswini
Feb 28, 2017, at 10:48 pm
India signs Financing Agreement with World Bank for US$ 63 Million for Tejaswini
Indian market gain on Wednesday, World Bank estimates 2017 global growth to rise 2.7 per cent
Jan 11, 2017, at 09:44 pm
Mumbai, Jan 11 (IBNS): The Indian market closed on positive note on Wednesday with BSE Sensex up 240.85 points at 27140.41 and NSE Nifty up 92.05 points at 8380.65.