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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 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...

23 April 2018 1:29 PM IST

Pradhan Mantri Jan Dhan Yojana was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.

Deposits in Jan Dhan accounts cross Rs 80,000 crore

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

22 April 2018 1:56 PM IST

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

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 April 2018 4:57 PM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

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 April 2018 10:21 AM IST

GDP numbers scheduled to be released on May 31.

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 April 2018 10:00 AM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.

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 April 2018 6:44 PM 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, IFC to host venture capitalists in Goa: Prabhu

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

16 April 2018 4:41 PM 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 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 April 2018 10:57 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.

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

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

3 April 2018 3:25 PM IST

Chief Economic Advisor Arvind Subramanian

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 July 2018 1:05 PM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

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

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

13 July 2018 3:29 PM IST

An air-conditioned local train on Western Railway.

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...

12 July 2018 5:07 AM IST