World Bank

  • World Bank President talks on India at 'The Appointment' 6 days ago

    New Delhi: Jim Yong Kim, President, World Bank Group is on his second visit to India after acceding to the post. The World Bank President terms his meeting with India's Finance Minister Arun Jaitely as positive and added that the world Bank is encouraged by the budget brought in by...
  • World Bank President promises to help India in cleaning river Ganga July 24, 2014

    New Delhi: World Bank President Jim Yong Kim promised to help India in cleaning up the river Ganga. The remarks came after Kim met Prime Minister Modi on Wednesday and also discussed a host of issues. Kim has said that they will send their best team to India to work on...
  • Rather than dollars, India need ideas, knowledge: Modi to World Bank July 23, 2014

    New Delhi: Prime Minister Narendra Modi on Thursday told World Bank President Jim Yong Kim that India requires ideas, knowledge and expertise "rather than dollars" as there is a need to focus on developing a base of skilled people keeping the future in mind. During a meeting, Modi also suggested to...
  • India should avoid fiscal slippage: World Bank July 7, 2014

    New Delhi: Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank's India director said. The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless...
  • India needs sweeping power sector reforms: World Bank June 24, 2014

    New Delhi: Electricity distribution in India needs reform to achieve the target of electricity to all by 2019, the World Bank said on Tuesday. "Power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access...
  • 1,000 km of new BRT would save 27,000 lives in India: World Bank June 24, 2014

    Washington: World Bank President Jim Young Kim has said India can save more than 27,000 lives and create over 128,000 jobs if it builds 1,000 kilometres of new bus rapid transit (BRT) lanes in the next 20 years. "If India built 1,000 kilometres of new, bus rapid transit lanes, over...
  • World Bank grants Rs 8 crores for developmental projects in Northeast June 19, 2014

    Guwahati: The World Bank on Thursday awarded grants worth $1.4 million (over Rs 8 crore) to 12 organisations for various developmental projects in Assam, Meghalaya and Mizoram. "From low cost eye care, to tapping unbanked populations through technology, to providing energy efficient solutions for water and sanitation issues -- these...
  • Government launches Rs 1,603 cr World Bank-backed clean water project in 10 districts June 14, 2014

    The government of Uttar Pradesh on Saturday launched a Rs 1,603 crore World Bank-backed project aimed at providing clean water to over 25 lakh people. The World Bank is supporting the project with an International Development Association (IDA) credit of Rs 801.5 crore. IDA is the World Bank's concessionary lending arm,...
  • Himachal Pradesh gets $100 million loan from World Bank June 11, 2014

    New Delhi: Himachal Pradesh on Wednesday got a $100 million development policy loan from the World Bank to enable the hill state to manage its natural resources. The agreement was signed here between the government of India, the state government and the World Bank. The project was approved by the World...
  • Himachal to get USD 100 million from WB for 'green' growth June 11, 2014

    New Delhi: Himachal Pradesh today became the first Indian state to get USD 100 million World Bank project for promoting green growth and sustainable development in the state as the Centre, the World Bank and the state signed a deal to this effect here today. World Bank's Clean Technology Fund (CTF)...
  • China's economy to slow down to 7.6 per cent this year: World Bank June 6, 2014

    The Chinese economy will grow at 7.6 per cent this year, a notch lower than last year's 7.7 per cent, and the trend is likely to continue next year as well, a World Bank Economic update said on Friday. China's growth will moderate over the medium term as the economy continues...
  • Uttarakhand government signs agreement of loan with World Bank worth $310.2 mn May 30, 2014

    The government on Friday signed agreements with the World Bank for loans worth USD 310.2 million for funding development programmes in Uttarakhand and Maharashtra. These programmes include watershed development, rural water supply and sanitation in these two states. The agreements include loan of USD 165 million for Maharashtra rural water supply and...
  • India not pursuing any agenda for expansion of BRICS May 13, 2014

    New Delhi: India on Tuesday said that it will not pursue any agenda for expansion of Brazil-Russia-India-China-South Africa (BRICS) bloc during the upcoming summit in July in Brazil. Noting that the interest of Argentine and various other countries to join BRICS is well-known, official sources said currently there was no...
  • India pips Japan, becomes world's third largest economy in terms of PPP April 30, 2014

    Washington: China is set to overtake the US as the world's number one economy, while India has jumped into third place ahead of Japan, according to a new study from the world's leading statistical agencies. The 2011 International Comparison Program (ICP), which involves the World Bank, assesses economies based...
  • Fisc consolidation needs to be our mantra for Budget: Basu February 16, 2014

    In an interview to CNBC-TV18's Latha Venkatesh, Kaushik Basu, chief economist of World Bank spoke about his reading of the global economy and his outlook. Below is a verbatim transcript of the interview: Q: You aren't one of us at this point in time, in a way, as the World Bank...
  • World Bank to invest $2 bn in Myanmar January 27, 2014

    On his first visit to Myanmar, World Bank President Jim Yong Kim on Sunday announced that the WB Group plans to invest $2 billion in a multi-year development programme for the country, Xinhua reported. The plan will include projects that dramatically improve access to energy and health care for poor people...
  • Will good governance make a comeback in 2014? January 20, 2014

    The cynic would say the question to ask is whether 'governance', not even 'good governance', will make a comeback in 2014. In the last few years reforms have been dead and there has been very little to write home about on most governance fronts. Good governance as a concept has...
  • India's economy growth at over 6 per cent in 2014-15: World Bank January 15, 2014

    The World Bank has projected India's economy will grow over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases. In China, growth is estimated to stay flat in 2014 at 7.7 per cent, slowing to 7.5 per cent for the next...
  • Global economy to grow in 2014: World Bank February 11, 2014

    The global economy is estimated to expand at 3.2 per cent this year from 2.4 per cent in 2013, with growth picking up in developing countries and high-income economies, the World Bank said. But growth prospects remain vulnerable to US tapering, the global lender said in its semi-annual Global Economic Prospects...
  • Bihar puts records of 3.5 lakh teachers of government schools online November 27, 2013

    Bihar has published the service records of nearly 3.5 lakh teachers at 70,000 government schools online, officials on Wednesday said. "It is a first such move to put service records of 3.42 lakh teachers of primary and middle schools online," said RS Singh, an official of education department. He said the computerisation...
  • India's corporate tax rates among highest globally: World Bank November 26, 2013

    Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the 'Paying Taxes 2014' list. However, the time taken for tax payments is relatively less in India,...
  • 53 per cent of Indian households defecate in open: World Bank November 19, 2013

    With over 600 million people in India or 53 per cent of Indian households defecating in the open, absence of toilet or latrine is one of the important contributors to malnutrition, a World Bank report has said. The report that was released on Monday on the eve of the first ever...
  • Easiest to start business in Delhi, says World Bank October 30, 2013

    It is easiest to start a business in New Delhi within India, while Hyderabad is the fastest for closing an enterprise, says World Bank study. On the other hand, Kolkata is the toughest place for closing a business among 17 cities, while Bengaluru requires the maximum efforts to start a company,...
  • India slips to 134th spot in ease of doing business list: World Bank October 29, 2013

    India has slipped three positions to 134th spot in the latest ease-of-doing business list, which is topped by Singapore, according to World Bank. In the 'Ease of Doing Business' ranking of 189 economies, India has dropped from 131 spot last year while Singapore continues to remain at the top. Singapore is...
  • World Bank approves $250 mn for Uttarakhand relief work October 26, 2013

    The World Bank has approved USD 250 million assistance for Uttarakhand, which was hit hard in June by rains and landslides that killed 580 people, to help the state undertake rehabilitation work and strengthen its capacity for disaster management. "In order to respond in a timely manner, the project was fast-tracked...
  • World Bank offers $360m loan for UP water projects October 25, 2013

    The World Bank will provide a $360 million loan for restructuring of water sector projects in Uttar Pradesh. Nilaya Mitash, a joint secretary in the Department of Economic Affairs in the union finance ministry on behalf of the Government of India and Onno Ruhl, country director, World Bank on behalf of...
  • World Bank slashes India growth forecast to 4.7 pc in 2013/14 October 16, 2013

    New Delhi: The World Bank sharply lowered its forecast for India's economic growth to 4.7 percent from 6.1 percent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence. In a report released on Wednesday, the bank said 'high headline inflation, an...
  • World Bank chief expresses concerns over cyclone Phailin October 13, 2013

    Washington: The World Bank chief has expressed concern over the landfall of cyclone Phailin, stating that his thoughts go out to all those living in its path. "I'd like to express our concern about reports in eastern India where Cyclone Phailin has made landfall," World Bank President Jim Young Kim told reporters...
  • Chidambaram to arrive in US today for World Bank annual meeting, likely to discuss tax issues October 9, 2013

    US Treasury Secretary Jacob Lew is likely to raise issues of taxation and deepening collaboration on combating illicit financial activity with Finance Minister P Chidambaram, who arrives in US on Wednesday to attend the IMF/World Bank annual meetings. Lew will host Chidambaram on October 13 for the fourth annual meeting of...
  • P Chidambaram visits US, to woo investors October 8, 2013

    New Delhi, Oct 8 (IANS) Finance Minister P Chidambaram will be on a week's visit to the US beginning Wednesday to woo foreign investors and attend the annual meeting of the World Bank and the International Monetary Fund. According to a finance ministry statement here, Chidambaram will attend annual plenary meetings of...