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New Prime Minister Imran Khan had earlier sought alternatives to a second bailout program in five years from the IMF as it impose austerity and limit his vision of an Islamic welfare state. (Photo: File)

IMF says Pakistan hasn't approached it for financial assistance

Pak's Finance Ministry said on Monday government would seek to open talks with the IMF in Bali this week for emergency financial assistance.

09 Oct 2018 2:25 PM

The Gaza Strip's economy is in "free fall," a report from the World Bank warned Tuesday, calling for urgent action by Israel and the international community to avoid "immediate collapse."

World Bank report warns Gaza Strip economy is in 'free fall'

A combination of war, isolation, and internal rivalries has left Gaza in a crippling economic state.

25 Sep 2018 1:38 PM

The UN Secretary General referred to the Kerala floods, among other natural disasters across the world, to highlight the urgency of the climate crisis and the need to step up efforts to reverse course on climate change. (Photo: File)

Citing Kerala floods, UN chief says climate change nearing point of no return

In his message, Guterres highlighted the huge economic costs of climate change and the opportunities presented by climate action.

11 Sep 2018 11:11 AM

The government, World Bank and state-owned EESL on Tuesday inked a USD 220 million loan agreement and a USD 80 million guarantee pact to push energy efficiency programme in India.

Govt, EESL, World Bank sign pact to boost energy efficiency in India

The programme will help tackle the financing, awareness, technical and capacity barriers faced by new energy efficiency programs.

28 Aug 2018 3:20 PM

In a bid to seek higher Ease of Doing Business ranking, the Customs Department has communicated to the World Bank that the average time for clearance of consignments at ports have come down sharply to 100 hours, an official said.

Customs want World Bank to consider cargo clearance in doing ranking

The new ranking is expected to be released in October.

12 Aug 2018 12:01 PM

Days after the Indian economy was placed sixth based on GDP numbers by the World Bank, outgoing Chief Economic Adviser Arvind Subramanian on Thursday said the Centre's current priority should be to enhance the standard of living of common man.

Improve common man's standard of living, says CEA Arvind Subramanian

He said the Centre's current priority should be to enhance the standard of living of common man.

20 Jul 2018 1:05 PM

Union Minister Arun Jaitley. (Photo: PTI)

India poised to pip Britain to become 5th largest economy next year: Jaitley

India's GDP was valued at USD 2.597 trillion at the end of 2017 overtaking the French economy.

13 Jul 2018 3:29 PM

MRVC plans to procure AC rakes on lease

These 210 AC rakes will be used on Panvel-Virar corridor, Kalyan-Ashangoan, Kalyan-Balapur, Goregoan-Borivali, and Borivali –Virar sections.

12 Jul 2018 5:07 AM

About 600 million people in India today live in locations that could either become moderate or severe hotspots of climate change by 2050 under a business-as-usual scenario. (Photo: File | Pixabay)

Climate change could shave off 2.8 per cent of GDP by 2050: World Bank

States in central, northern and north-western parts of India emerge as most vulnerable to changes in average temperature and precipitation.

29 Jun 2018 9:18 AM

The GST was to bring in a huge population into the tax net, and according to the figures available, the indirect taxpayer base has increased by over 50 per cent, with 3.4 million businessmen coming into the tax-paying bracket.

One year of GST: Still much room for improvement

The World Bank notes that 28 per cent is the second highest among 115 nations that have GST, and the highest in Asia.

26 Jun 2018 12:21 AM

he CMO statement said that Fadnavis was bestowed with the Outstanding Leadership in Development Award from Georgetown University and Centre for Strategic and International Studies (CSIS) in Washington DC. (Photo: @Dev_Fadnavis/Twitter)

Maharashtra CM seeks World Bank assistance for state projects

Fadnavis sought assistance from World Bank for Mumbai Metropolitan Region Multimodal Transport Corridor, Rural Livelihood Project.

15 Jun 2018 4:26 PM

World Bank may fund Virar-Alibaug corridor

The detailed project report (DPR) will be ready by the end of June while the project will be completed by 2024.

14 Jun 2018 5:30 AM

India's growth projections remain unchanged since its January 2018 forecast.

World Bank forecasts 7.3 per cent growth for India

India's growth potential is about 7 per cent, and it is currently growing at a pace above its potential.

06 Jun 2018 3:06 PM

Instead of letting petrol and diesel prices drop, the government increased the excise duties three fold from `886 billion in 2013-14 (before being voted to power) to Rs 2.58 trillion in 2018-19.

It’s time the govt took a serious look at economy

The World Bank in its draft World Development Report 2019 said in India the formal sector or industry pays twice as much as in the informal sector.

04 Jun 2018 5:45 AM

India signed a USD 500 million (Rs 3,371 crore) loan pact with World Bank on Thursday to provide additional financing for PMGSY rural road projects.

India, World Bank sign USD 500 mn loan pact for rural roads

It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to all-weather roads.

31 May 2018 6:39 PM

Pakistan also raised concerns about the recent inauguration of the Kishenganga hydroelectric plant in Jammu and Kashmir's Bandipora district. (Photo: Representational | AFP)

No agreement on Indus Water Treaty: World Bank after meet with Pak

The Pakistani delegation raised the issue of India's alleged violation of the Indus Waters Treaty and opportunities.

23 May 2018 12:10 PM

The project, located at Bandipore in North Kashmir, envisages diversion of water of Kishan Ganga river to underground power house through a 23.25-km-long head race tunnel to generate 1713 million units per annum. (Representational image)

World Bank listens to Pakistan’s grievances on Indus Waters Treaty

Monday’s meeting took place days after Prime Minister Narendra Modi inaugurated the 330 MW Kishanganga hydroelectric project in J&K.

22 May 2018 3:42 PM

Maharashtra has fared better in the power sector, with faster electricity connections.

WB sets higher ease of doing biz goals for Maha

The World Bank ranks countries on 10 parameters through a stringent process of surveys and grassroots interactions.

20 May 2018 12:54 AM

When it comes to investment in research and development, India’s ranking has been in the range of 5-6th position since 2014.

India slips in business optimismn

Redtape, lack of skilled workers, credit crunch cited as reasons: Study.

09 May 2018 1:53 AM

The World Bank will provide a USD 200 million loan to help the government achieve its goal of reducing stunting in children 0-6 years of age.

India and World Bank sign USD 200 million loan deal

The project will include investments in improving the skills and capacities of ICDS staff and community nutrition workers.

07 May 2018 7:41 PM

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Aakar Patel