Dec 02, 2021 10:22 PM IST
UIDAI CEO Saurabh Garg also said the authority is forming an advisory board for different sectors for enrolments, authentication, customer relationship management, among others.
- Dec 01, 2021 12:55 PM IST
The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively also called the World Bank. The variable spread loan ?or floating interest loan ?will have a maturity of 17 years, including a grace period of seven years and will aim to strengthen distribution networks, invest in smart-grid technologies, and ensure financial sustainability of the state discom.
- Nov 01, 2021 04:05 PM IST
The announcement is likely to be made during the United Nations COP26 summit in Glasgow, Scotland, which has been billed as a make-or-break chance to save the planet from the most calamitous effects of climate change.
- Oct 29, 2021 07:20 AM IST
Shaktikanta Das also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB)
- Oct 28, 2021 09:43 AM IST
The Taliban takeover in August saw billions of dollars in central bank assets frozen and international financial institutions suspend access to funds, although humanitarian aid has continued.
- Oct 19, 2021 12:14 PM IST
Reiterating the Reserve Bank of India’s (RBI) economic policy outlook, Nirmala Sitharaman highlighted the need to keep policy easy as the country recuperates from the pandemic.
- Oct 17, 2021 08:29 AM IST
In a meeting with Sitharaman here, Malpass reaffirmed the Washington-based international financial institution's strong commitment to India across all World Bank Group entities, including the International Finance Corporation and the Multilateral Investment Guarantee Agency.
- Oct 16, 2021 12:04 PM IST
''Both sides discussed various issues including #COVID #vaccination, #economicrecovery, preparations for #CoP26, initiative of #WBG for increasing lending space for India, IDA 20 replenishment, knowledge partnership with @WorldBank,'' Finance Ministry said in a series of tweets.
- Oct 13, 2021 08:34 PM IST
Malpass also said that India, which faces huge challenges of integrating more people into the formal sector economy and raising the earnings of the people, has made some progress but that's not enough.
- Oct 13, 2021 11:33 AM IST
During the conversation with Professor at Harvard University Lawrence Summers at the talk organized by the Mossavar-Rahmani Center for Business and Government, Nirmala Sitharaman said “while reforms in countries are happening in different stages, these global institutions have remained the way they have been for the last several decades”.
- Oct 12, 2021 06:46 PM IST
The IMF predicts that for the world's advanced economies as a whole, growth will amount to 5.2% this year, compared with a meager predicted gain of 3% for low-income developing countries.
- Oct 12, 2021 07:26 AM IST
Economic growth was essential for poverty reduction, as well as creating government revenues to use for fiscal space, social safety nets and the provision of public goods, said Carmen Reinhart, the World Bank’s chief economist.
- Oct 11, 2021 07:11 PM IST
The situation is urgent since the Debt Service Suspension Initiative (DSSI) launched by G20 nations early last year, allowing countries to defer debt payments while dealing with the pandemic, expires at the end of the year.
- Oct 11, 2021 12:00 PM IST
During the official visit to the US, Sitharaman is expected to meet US Treasury Secretary Janet Yellen.
- Oct 08, 2021 03:09 PM IST
The latest South Asia Economic Focus titled ‘Shifting Gears: Digitization and Services-Led Development’ projects the region to grow by 7.1 per cent in 2021 and 2022.
- Oct 01, 2021 07:21 PM IST
The $150 million 'Chennai City Partnership: Sustainable Urban Services Program' will help strengthen institutions, improve the financial health of service agencies, and drive significant improvements in the quality of four key urban services -- water supply and sewerage, mobility, health, and solid waste management, the World Bank said in a statement.
- Sep 28, 2021 07:32 AM IST
Economic activity began to slow in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s East Asia and Pacific Fall 2021 Economic Update.
- Sep 20, 2021 10:20 AM IST
An internal audit found that Chinese influence at the World Bank led to data manipulation and ultimately a rigged national ranking for China in past Ease of Doing Business indexes. While the regulators investigate the matter and the global investor community remains dazed at the findings, Moneycontrol looks at what this means for India.
- Sep 18, 2021 11:38 AM IST
The World Bank Group on September 16 said it ended publication of its Doing Business report, after an investigation cited "undue pressure" by top bank officials.
- Sep 17, 2021 10:18 AM IST
Based on the findings, the World Bank announced that it was immediately discontinuing its Doing Business report after the investigation found irregularities in the 2018 and 2020 editions.
- Sep 16, 2021 10:56 PM IST
The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.
- Jul 20, 2021 08:25 AM IST
"Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support for an unprecedented crisis," World Bank Group President David Malpass said.
- Jul 09, 2021 12:38 PM IST
Rich nations oppose suspension of global intellectual property rights of COVID-19 vaccine manufacturers. The latest development may derail the August deadline to conclude talks.
- Jul 01, 2021 01:24 PM IST
Yemen had been the poorest country in the World Bank's Middle East and North Africa region before war broke out more than six years ago, plunging the country into what the United Nations describes as the world's largest humanitarian crisis.