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Take loan from World Bank to help states: Shiv Sena tells Centre
The Shiv Sena on Friday slammed the Modi government over the economic crisis faced by the country, saying demonetisation and "mishandling" of the coronavirus-induced lockdown were to be blamed for the current situation.
World Bank's IFC warns of Asia-Pacific 'financial crisis'
In its most recent forecasts in June, the World Bank estimated that the Asia-Pacifi...
India ranks 116 in World Bank's Human Capital Index
The 2020 Human Capital Index update includes health and education data for 174 countries ...
Senior bureaucrat Rajesh Khullar appointed Executive Director, World Bank
Khullar, a 1988-batch IAS officer, is currently serving in his cadre state Haryana. He is the principal secretary to Haryana Chief Minister Manohar Lal Khattar.
World Bank halts country business climate rankings
The World Bank said that it was pausing publication of its Doing Business report to probe data collection irregularities in the closely watched annual ranking of countries’ business and investment climates.
World Bank refuses to mediate on water dispute between India & Pakistan
Upon completion of his five-year term, World Bank’s former Country Director of Pakistan Patchamuthu Illangovan said Islamabad had made a request for appointment of a COA while India had sought a neutral expert to resolve their dispute on two hydroelectric projects.
Marine engines for Assam boat owners with world Bank funding
Assam transport Minister Chandra Mohan Patowary held a webinar to review the works of Inland Water Transport (IWT), Assam. He said Assam Inland Water Transport Development Society is implementing the Assam Inland Water Transport Project with funding from World Bank. As part of the project a scheme has been prepared for boat owners named, ‘Jibondinga’.
Release of World Bank 'Doing Business' report halted over fudging of data
A statement said that the World Bank will act based on the findings of the probe and retrospectively correct the data of countries that were most affected by the irregularities. India was among the countries which witnessed the "most notable improvement" as per the 'Doing Business' 2020 report released in October 2019.
World Bank pauses Doing Business report on data irregularities
World Bank said Doing Business indicators and methodology are designed with no single country in mind, but rather to help to improve the overall business climate.
Global economic recovery may take five years, says World Bank chief economist Carmen Reinhart
"There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years," Reinhart said in a remote intervention during a conference held in Madrid.
With big tech on holiday, world shares inch higher
Market activity was likely to remain subdued for the rest of the day with the US closed for the Labor Day holiday, though Nasdaq futures fell a further 1%.
Coronavirus crisis is shattering India's big and bright dreams
India's ambitious goals of becoming a superpower, military upgrade and pulling its poor population out of poverty have been set back by a sharp plunge in economic growth and soaring coronavirus infections.
Assam is readying a social registry, says state's Finance Minister, Himanta Biswa Sarma
Sarma said that the government will pump in Rs 1000 Crore under this scheme in next three months and around two lakh youths will get Rs 50,000 each. “This is Assam’s biggest ever entrepreneurship promotion scheme. We are in talks with banks to assist with loans if the groups are willing to scale up their activity.”
Indus Water Treaty meeting: India suggests video conference, Pakistan insists on talks at Attari border
In a letter last week, the Indus Commissioner of India told his Pakistani counterpart that it is not conducive to hold the meeting at the Attari Joint Check Post due to the pandemic.
India needs to maintain reform momentum to spur private investment: World Bank
However, the global lender warned of projecting a steeper contraction for the economy in its revised outlook scheduled for October, in light of the continued spread of the virus and deteriorating financial sector and global conditions.