World Bank | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 12:08 PM IST

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Between 2010 and 2016, India provided electricity to 30 million people each year, more than any other country, the World Bank said in its latest report released this week. (Photo:File)

India doing well, 85 pc have access to electricity: World Bank

India is all set to achieve universal access to electricity before 2030 target date, says World Bank

04 May 2018 1:12 PM

Pakistan had approached the World Bank in 2016, raising concerns over the designs of two hydroelectricity projects located in Jammu and Kashmir. (Representational Image)

Indus Water Treaty: Pak asked to forcefully pursue violations with India

The last round of talks between India and Pakistan over the issue was facilitated by the World Bank in Washington in September.

03 May 2018 5:57 PM

Centre okays ordinance to amend law on commercial disputes to boost FDI

Law minister Ravi Shankar Prasad refused to give details saying the ordinance is yet to get the President’s nod.

03 May 2018 6:30 AM

The closing date of the project is 30 June, 2023.

India inks USD 125 mn loan pact with World Bank

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

25 Apr 2018 2:54 PM

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report.

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.

25 Apr 2018 1:58 PM

India has signed a USD 210 million loan agreement with the World Bank to improve rural connectivity in Madhya Pradesh.

India signs USD 210 million loan pact with World Bank

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

24 Apr 2018 4:32 PM

India receives USD 69 bn remittances in 2017; retains top slot

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

23 Apr 2018 1:29 PM

Total deposits in Jan Dhan accounts crossed Rs 80,000 crore mark with more people joining the flagship financial inclusion programme, according to official data.

Deposits in Jan Dhan accounts cross Rs 80,000 crore

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

22 Apr 2018 1:56 PM

India pitches for BRICS credit rating agency

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

20 Apr 2018 4:57 PM

Number of account holders in the country has risen from 35 per cent of the adults in 2011 and 53 per cent in 2014 to 80 per cent in 2017.

India contributing to global growth in financial inclusion: World Bank

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

20 Apr 2018 10:21 AM

World Bank in its twice-a-year South Asia Economic Focus report said that the growth is expected to accelerate from 6.7 per cent in 2017.

World Bank predicts 7.3 per cent growth for India

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

17 Apr 2018 10:00 AM

India must create 8.1 million jobs annually, says World Bank report

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

16 Apr 2018 6:44 PM

The World Bank and its investment arm, International Finance Corporation, will host global venture capitalists in Goa in June for a roundtable on nurturing the startup ecosystem in the state and the country, Union commerce minister Suresh Prabhu told.

World Bank, IFC to host venture capitalists in Goa: Prabhu

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

16 Apr 2018 4:41 PM

Overall improvement in the outlook for EAP was underpinned by prospects for a continued broad-based global recovery and robust domestic demand.

World Bank raises 2018 East Asia growth forecast

World Bank raised its growth outlook for China this year to 6.5 per cent from its Oct forecast of 6.4 per cent.

12 Apr 2018 10:57 AM

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India can do a Silicon Valley in 5 years: World Bank

In developing countries, the concept of national innovation system must be expanded.

03 Apr 2018 3:25 PM

Union Minister of Textiles and Information and Broadcasting Smriti Irani on Sunday lashed out at Congress president Rahul Gandhi for terming Goods and Services Tax (GST) the second highest in the world and one of the most complex taxes. (Photo: File)

Smriti Irani asks Rahul to read on GST after latter's 'coronation drill' ends

Cong is holding a 3-day plenary session in Delhi, wherein AICC members have gathered to ratify Gandhi's appointment as their chief.

18 Mar 2018 6:44 PM

Currently, around 49 countries have a single slab tax structure, while 28 countries use two slabs and there are only five countries, including India. (Photo: File/Representational)

India’s GST is the world’s most complex tax, says World Bank

GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries.

16 Mar 2018 12:47 PM

Economic Survey tabled in Parliament has projected a growth rate of 7 to 7.5 per cent in the 2018-19 financial year.

World Bank projects India's FY19 GDP growth at 7.3 pc

The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31.

14 Mar 2018 3:53 PM

Supreme Court of India (Photo: Asian Age)

Sparks fly in Supreme Court over Aadhaar

It is incorrect to say that Rs 70,000 crores had been saved due to the ceding of Aadhaar, says Divan.

02 Feb 2018 5:22 AM

Tamil Nadu Rural Transformation Project will create an enabling environment for producer organisations and enterprises to promote businesses across select value chains.

World Bank commits USD 100 mn to boost rural economy of Tamil Nadu

Loan agreement to promote rural economy in selected blocks of Tamil Nadu across 26 districts, benefiting over 4 lakh people.

31 Jan 2018 11:34 AM

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Dilip Cherian