India inks USD 125 mn loan pact with World Bank

Objective of the project is to nurture indigenous innovation, foster local product development.

Prices of energy commodities to rise by 20 pc this year: World Bank

Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two per cent this year.

The project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the CMGSY programme.

India has retained its position as the top remittances receiving country with its diaspora sending about USD 69 billion back home.

India's financial inclusion efforts have won recognition from the World Bank.

India has pressed the BRICS nations to set up an independent rating agency of the five-member group.

Report states that about 51.4 crore accounts have been opened globally from 2014 to 2017.

The apex international financial institution forecasted a rate of growth of 7.5 per cent for 2019 and 2020.

India needs to create 8.1 million jobs a year to maintain its employment rate.

He also informed that Goa will observe 'Innovation Day' on April 26.