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The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

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 IST

According to the last World Bank report 2017, Indias ranking improved by just one notch to 130 from a revised rank of 131 previous year.

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.

6 Jun 2018 3:06 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

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...

4 Jun 2018 5:45 AM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

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 IST

A growing area of research called solid-state thermoelectrics aims to capture that waste heat inside specially designed materials to generate power and increase overall energy efficiency. (Representational image)

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...

28 Aug 2018 3:20 PM IST

On Tuesday, the central government had released Rs 600 crore to flood-hit Kerala as promised by Prime Minister Narendra Modi (Rs 500 crore) and Home Minister Rajnath Singh (Rs 100 crore) during their visits to the state. (Photo: AP)

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

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

11 Sept 2018 11:11 AM IST

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.

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 Sept 2018 1:38 PM IST

Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic. (PTI Photo)

India's remittances likely to decline by 23% due to coronavirus: World...

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis

23 April 2020 1:04 PM IST

The World Bank. (Photo- AFP)

Covid19: World Bank approves $1 billion emergency fund for India

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries

3 April 2020 9:44 AM IST

The country also has the largest number of people waiting for access to safe sanitation at a staggering number of 774 million.

India must act before water runs out

The country breaks out in a cold sweat every time the monsoon is delayed.

23 Aug 2017 1:45 AM IST

Finance Minister Arun Jaitley (Photo: PTI)

Arun Jaitley-led panel takes note of economic headwinds

Council in its 17th meeting also took note of progress of Financial Sector Assessment Programme for India.

22 Aug 2017 4:09 PM IST

In the lengthy fact sheet, the World Bank said Pakistan asked it to facilitate the setting up of a Court of Arbitration to look into its concerns about the designs of the two hydroelectric power projects. (Photo: AFP)

Despite Pak objection, India allowed to build water projects on Indus:...

Pak had approached the World Bank last year and raised concerns over the designs of 2 hydroelectricity projects in Jammu...

2 Aug 2017 2:37 PM IST