India's growth rate among shiniest in global economy: World Bank president Ajay Banga
Oct 18, 2024, at 07:34 pm
Washington/IBNS: India's economic growth stands out as a bright spot in the global economy, according to World Bank President Ajay Banga, who highlighted that much of this progress is fueled by the domestic market.
India ranks 38 out of 139 countries in World Bank's Logistics Performance Index Report 2023
Feb 08, 2024, at 07:22 am
New Delhi: India has been ranked 38 out of 139 countries in the World Bank's 'Logistics Performance Index Report (2023): Connecting to Compete 2023'.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
Dec 08, 2023, at 09:26 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
Oct 04, 2023, at 07:13 am
New Delhi: World Bank senior economist Dhruv Sharma has said India must achieve an approximate growth rate of 8 percent to attain developed country status by 2047, and underscored that achieving such rapid growth is unlikely with the current low level of female workforce participation, media reported.
World Bank pegs India's FY24 GDP growth at 6.3%
Oct 03, 2023, at 07:30 pm
New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.
India's growth rate can push its poverty elevation efforts: World Bank President Ajay Banga
Jul 20, 2023, at 03:11 am
New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.
Assam launches Rs 250 crore fund in collaboration with World Bank to boost agriculture sector
Jul 03, 2023, at 05:10 pm
The World Bank and other multiple stakeholders have joined forces to establish a Rs 250 crore fund in Assam promote small and medium units in the agriculture sector.
World Bank appoints Indian-origin Ajay Banga as its next president
May 04, 2023, at 04:40 am
The World Bank said in an official announcement that Ajay Banga has been appointed as its next president.
India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023
Apr 27, 2023, at 11:40 pm
New Delhi/IBNS: India has jumped 6 places to rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023) of the World Bank.
FM Nirmala Sitharaman and Geeta Gopinath meet at IMF-World Bank spring meetings in US
Apr 13, 2023, at 04:31 am
Washington: Union Finance Minister Nirmala Sitharaman met with Gita Gopinath, the first deputy Managing Director of the International Monetary Fund (IMF), on Wednesday at the IMF-World Bank spring meetings.
FM Sitharaman holds roundtable with investors, biz leaders during US visit
Apr 12, 2023, at 01:55 am
Washington: Finance Minister Nirmala Sitharaman on Monday attended a roundtable meeting with business leaders and investors, co-hosted the by Confederation of Indian Industry (CII) and US-India Business Council in the US Chamber, in Washington, DC.
FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank
Apr 09, 2023, at 02:01 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.
Indian economy continues to show resilience amid global uncertainties: World Bank
Apr 05, 2023, at 03:10 pm
New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Jan 11, 2023, at 03:11 pm
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
World Bank approves $610 mln financial package to address Ukraine's urgent needs
Dec 21, 2022, at 08:50 pm
Washington/UNI: The World Bank issued a release announcing that it has approved a new $610 million financial package for Ukraine that includes projects to boost the country’s recovery efforts.
World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc
Oct 07, 2022, at 06:06 am
New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.
India to get $115 million World Bank loan for REWARD project
Feb 19, 2022, at 06:28 am
World Bank will grant a $115 million (Rs 869 crore) loan to India for Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme), Ministry of Finance said Friday.
COVID-19 variants, rising debt, threaten global economic growth: World Bank
Jan 12, 2022, at 09:01 pm
New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.
Nov 26, 2021, at 05:58 am
New Delhi/IBNS: Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal has termed the Insolvency and Bankruptcy Code (IBC), 2016 as a “gamechanger reform” that has been the most successful law in insolvency resolution in the country.
World Bank to discontinue doing business reports
Sep 17, 2021, at 02:22 am
Washington/IBN: The World Bank has decided to discontinue 'Doing Business' reports after data irregularities were found in the 2018 and 2020 reports.
India will remain second-fastest growing economy; expected to grow at 8.3%
Jun 09, 2021, at 03:20 pm
The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April estimate by almost 2 per cent.
Jammu and Kashmir: World Bank funds Jhelum Tawi Flood Recovery Project
Apr 20, 2021, at 10:50 pm
Srinagar: Principal Secretary Industries & Commerce (I&C), Ranjan Prakash Thakur along with Union Joint Secretary Ministry of Agriculture, Shubha Thakur today visited Silk and Wool units of Jammu Kashmir Industries Limited, Rajbagh and Bemina and took stock of the ongoing works being undertaken at these units under the World Bank funded Jhelum Tawi Flood Recovery Project (JTFRP).
World Bank push to revive silk industry of Jammu and Kashmir
Feb 22, 2021, at 02:51 am
Srinagar: To boost silk production in Jammu and Kashmir, the World Bank-funded Jhelum Tawi Flood Recovery Project (JTFRP) has spent over Rs 12 crore to infuse new lease of life in the sick silk factory in Srinagar.
World Bank expects global economy to expand by 4% in 2021
Jan 06, 2021, at 03:35 pm
New York: The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.
World Bank signs $105 million project to improve waterways in West Bengal
Jan 05, 2021, at 11:11 pm
New Delhi: The Government of India, the Government of West Bengal and the World Bank today signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal.
World Bank signs USD500 million project to develop green, resilient and safe highways in India
Dec 25, 2020, at 02:57 am
New Delhi: The Government of India and the World Bank on Tuesday signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.
WB-funded project to revamp vital infrastructure in Jammu
Dec 25, 2020, at 01:45 am
Srinagar: Jammu and Kashmir Economic Reconstruction Agency (JKERA), under World Bank-funded Jhelum Tawi Flood Reconstruction Project (JTFRP), is all set to revamp the roads and bridges infrastructure with an estimated cost of Rs 58.01 million USD, across winter capital in Jammu region.
Pakistan's economy likely to perform worse than previous estimates: World Bank
Jun 09, 2020, at 09:24 am
Islamabad/UNI: Pakistan’s economy would actually perform even worse than what previous estimates had warned about, the World Bank, citing the Covid-19 fallout, forecast on Monday.
Coronavirus: World Bank confirms deepest recession since World War Two
Jun 09, 2020, at 09:08 am
New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.
World Bank ranks India 63rd on the ease of Doing Business Index
Oct 24, 2019, at 11:04 pm
New Delhi: India has been ranked 63rd on the index of ease of Doing Business 2020 compiled by the World Bank, after climbing 14 positions.