world bank

Relaxed norms for setting up firms, other steps to help improve India's ease of biz ranking

India is aiming to improve its ranking within top 50th in the coming years. Improving ranking helps a country to provide a better investment climate for investors.

3 Point Analysis | The Bretton Woods twins meeting

Sakshi Batra does a 3 Point Analysis of the observations of the IMF meeting and what does that imply about global growth.

IMF & World Bank hint at delicate year ahead as central banks fight slowdown

G-20 chiefs: World economic growth to revive later this year

Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year.

Mozambique's economic losses from Cyclone Idai up to $773 million: World Bank

In the note, dated April 4, the World Bank said its approach does not capture indirect losses such as reduced productivity or business interruptions, and could only provide a certain degree of accuracy.

FM Arun Jaitley to attend annual IMF-World Bank meeting

This is Jaitley's first official overseas trip since his kidney transplant in mid-May last year.

New World Bank David Malpass boss vows to keep climate goals, evolve China relationship

Malpass, who started at the Bank on Tuesday, was nominated by U.S. President Donald Trump. Some development professionals feared that he would pursue Trump's "America First" agenda at the bank by resuming financing for coal power projects and pressuring China.

Remittances to developing world hit record in 2018: World Bank

Migrant workers and others sent home an estimated USD 529 billion to low- and middle-income countries last year, up 9.6 per cent from the year before, which had also been a record.

India highest recipient of remittances at $79 billion in 2018: World Bank

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said.

India's GDP expected to expand 7.5% in 2019-20: World Bank

Data for the first three quarters suggest that growth has been broad-based. Industrial growth accelerated to 7.9 percent, making up for a deceleration in services.

India's economic growth driven by domestic demand, need to focus on exports: World Bank

Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said "that is what is needed to become more competitive."

Opinion | India is staring at a water crisis and no politician is talking about it

The lack of data on water availability, water usage, cost of supply, etc, in the public domain has hampered the stakeholders understanding the gravity of the situation and find sustainable solutions on the basis of informed choices and opportunities.

Industrial policy back to drawing board as disagreements persist

The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year

US official lone candidate for presidency: World Bank

The World Bank has been led by American men since its founding in the aftermath of World War II, while its sister institution, the IMF has always been led by a European.

Comment | Why the effect of Chinese slowdown on India depends on the outcome of Lok Sabha elections

The new government would need to prepare a roadmap for implementing regulatory reforms that will enable India to attract investment and build businesses.

World Bank to provide $250 million to boost rural income

An agreement in this regard was signed between the World Bank and the Government of India on March 4.

Increasing exports can lead to better jobs, higher wages in India: Report

Labour market policies can help different groups of workers acquire the right skills and ensure that the gains of increased exports are shared more broadly across society, said the report jointly released by the World Bank and the International Labour Organization.

Centre to bring 13% of large dams under DRIP, up from 4 pc

Addressing the valedictory session of the International Dam Safety Conference here, Meghwal said, "Due to impressive achievement so far, it has been decided to extend the percentage of large dams under DRIP from the current 4 per cent to 13 per cent."

US Treasury's David Malpass aims to reform the World Bank

According to an unwritten rule, as the single largest shareholder, Washington gets to choose the leader, with the support of European nations.

US President Donald Trump nominates David Malpass for World Bank president

If voted by the Directors of the World Bank Group, he would replace Jim Yong Kim as the president of the world bank, a position which has traditionally been held by Americans.

Donald Trump to choose Treasury's David Malpass to lead World Bank

China is the World Bank's third largest shareholder after Japan, with about a 4.5 percent share of voting power.

China to provide $2.5 billion loan to Pakistan to boost foreign cash reserves

Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt.

Opinion | Brace yourself for an economic slowdown

India will witness barely any growth in 2019, and its economy could see a negative if the recent downgrading of its GDP growth numbers from 7.5% to 7.2% turn out to be true.

Indra Nooyi being considered to lead World Bank

Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.

Ivanka Trump to help US search new World Bank President: White House

World Bank's current president Jim Yong Kim announced last week that he will step down next month, triggering speculation about his replacement.