World Bank

  • IMF, World Bank warn of renewed Gaza violence 6 days ago

    Jerusalem: The World Bank and International Monetary Fund warned that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence. The warnings came three weeks after Israel and Hamas signed a ceasefire to end 50 days of conflict, and as the...
  • World bank keen to fund Mumbai's two new mega Metro projects: MMRDA September 14, 2014

    Mumbai: With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed CharkopDahisar and WadalaTeen Hath Naka Metro projects. The Japan International Cooperation Agency (JICA) has already committed to fund the Mumbai Metropolitan Region Development Authority's (MMRDA)...
  • Study on ease of doing business not in line with reality: Government September 10, 2014

    New Delhi: Government on Wednesday said that the World Bank's ease of doing business ranking for India is "not in line with the reality" and has asked the multilateral lending body to reassess the parameters. As per the latest World Bank's report on 'ease of doing business', India had slipped three...
  • Subhash Chandra Garg appointed as World Bank ED September 10, 2014

    New Delhi: Senior IAS officer Subhash Chandra Garg was on Wednesday appointed as Executive Director in World Bank. Garg, a 1983batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of...
  • MoS Home Rijiju to attend world reconstruction meet in Washington September 9, 2014

    New Delhi: Union Minister of State for Home Kiren Rijiju will attend the second World Reconstruction Conference being organised by World Bank in Washington DC from September 10 to 12. Rijiju will lead the Indian delegation for the meet and would be a panelist for the opening plenary on the...
  • World Bank warns of global jobs crisis September 9, 2014

    Sydney: The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday. In a study released at a G20 Labour and Employment Ministerial Meeting in Australia, the Bank said...
  • Poor response to Ebola causing needless deaths, says World Bank head September 2, 2014

    Dakar/Lagos: The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be...
  • World Bank President talks on India at 'The Appointment' July 26, 2014

    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 Bankbacked clean water project in 10 districts June 14, 2014

    The government of Uttar Pradesh on Saturday launched a Rs 1,603 crore World Bankbacked 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 BrazilRussiaIndiaChinaSouth 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 wellknown, 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 CNBCTV18'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 multiyear 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 201415: World Bank January 15, 2014

    The World Bank has projected India's economy will grow over 6 per cent in 201415 and 7.1 per cent by 201617 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 highincome economies, the World Bank said. But growth prospects remain vulnerable to US tapering, the global lender said in its semiannual 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,...