world bank - Latest News, Analysis, Opinion

Expressing disappointment at India's rank remaining low in terms of ease of doing business, Union minister Nirmala Sitharaman on Wednesday said the efforts and reforms undertaken by the Centre and states have not been adequately captured in the ranking released by the World Bank

$650 Million World Bank Loan For Rail Eastern DFC

Banking & Finance Banking

The loan and guarantee agreement for EDFC Project was signed by Finance Ministry, Dedicated Freight Corridor Corporation and World Bank

Weak Global Economy Hits Remittances To India

Remittance flows are expected to decline by 5 per cent in India and 3.5 per cent in Bangladesh, says World Bank

India Ready To Take Larger Share In World Bank: Jaitley

Banking & Finance Banking

The World Bank uses a dynamic formula, using economic weight based on GDP and development impact, to determine countries' shareholding and thus voting power in the Bank

Automation Threatens 69 Per Cent Jobs In India: World Bank

Mechanisation and technology have disrupted traditional industrial production, upended manual jobs and call time on the work that has been done by generations of families, the bank chief said

India's GDP Growth To Remain Strong: World Bank

Describing South Asia as a global growth hotspot, the World Bank has said India's GDP growth will remain strong at 7.6 per cent in 2016 and 7.7 per cent in 2017

World Bank Reappoints President Jim Yong Kim

Banking & Finance Banking

In a statement announcing the decision, the Bank's board offered a strong endorsement of Kim's record

Making The World Prosperous Again

Naseem Javed

The so-called 'organized and established world' increasingly appears to have little or nothing to offer in order to create grass roots prosperity

US Nominates Jim Yong Kim As World Bank President For Second Term

The US on Thursday nominated Jim Yong Kim to be the World Bank President for a second term, saying he has 'ably led' the global development lender's response to major crises and helped it focus on innovative ways to challenge issues like poverty and climate change

World Bank Chief Economist Kaushik Basu Hails GST, Says Any Price Rise To Be Short-term

Hailing the passage of the GST Bill, World Bank Chief Economist Kaushik Basu on Friday (05 August) said any immediate 'price jerk or inflation' would be a one-time affair, but the tax reform's long-term growth benefit will be immense.

India Under PM Narendra Modi Has Been Fantastic: World Bank President Kim

Says India is not just the fastest growing major economy in the world but has also proved extremely resilient in face of UK exiting European Union

India A Bright Spot, Pleased With Progress Under Modi, Says World Bank Chief Kim