World Bank
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India now a 'lower-middle-income' economy for World Bank
Jun 04, 2016, 07:07 AM ISTThe World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.
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World Bank says India needs to make internet easier to access for its citizens
India | May 13, 2016, 08:28 AM ISTNew Delhi: Despite rapid spread of digital technologies in India, nearly a billion people still need to connect to the internet for pushing growth, creating jobs and accessing public services, says a World Bank report.
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Digital technology benefits distributed unevenly: World Bank
May 10, 2016, 05:22 PM ISTNew Delhi: With almost a billion Indians still not connected to the internet, a World Bank report on digital technology launched here on Tuesday said the overall impact of digital technologies has fallen short and
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India can gain from China's waning grip on apparel world: World Bank
Apr 28, 2016, 06:16 PM ISTNew Delhi: With China losing sheen as the global leader in the apparel market, India needs to take specific steps like lowering input duties and extending market access to fill that space, otherwise be cornered
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Arun Jaitley pushes for more funding, reforms at IMF, World Bank
Apr 17, 2016, 08:34 AM ISTWashington:Finance Minister Arun Jaitley has asked the World Bank and the International Monetary Fund (IMF) to reassess the quantum of funds at their disposal to finance global growth and make an extra mobilisation effort if
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India world's largest remittance recipient in 2015: World Bank
Apr 14, 2016, 08:28 AM ISTIndia was the world's largest remittance recipient in 2015 despite experiencing a USD 1 billion drop from the previous year, the first decline in its remittances since 2009, the World Bank said on Wednesday.
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World Bank launches ambitious climate action plan
Apr 08, 2016, 11:26 AM ISTWashington:The World Bank has unveiled an ambitious climate action plan that will help developing countries add 30 gigawatts of renewable energy, bring early warning systems to 100 million people and develop climate- smart agriculture investment
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India signs $300 million loan agreement with World Bank
Mar 01, 2016, 10:23 PM ISTNew Delhi: India on Tuesday signed a loan agreement with multilateral lending agency World Bank for $300 million for Madhya Pradesh Higher Education Quality Improvement Project.The objective of the project is to improve student outcomes
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Christine Lagarde gets second term as IMF head
World | Feb 20, 2016, 08:47 AM ISTWashington: The International Monetary Fund (IMF) has apponited Christine Lagarde to serve as its leader for a second five-year term.Lagarde, the sole candidate nominated for the post of the IMF chief, was backed by the
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World Bank pledges $150 mn for fight against Zika
Feb 19, 2016, 07:03 AM ISTMexico City: Thursday saw a new front opened in the battle against the Zika virus as the World Bank entered the fray, pledging $150 million for Latin America and the Caribbean to help fight the
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India's GDP numbers dependable and trustworthy: World Bank Chief Economist
Feb 14, 2016, 04:45 PM ISTMumbai: India's GDP numbers are very dependable and there is no "rigging" taking place with regards to data, the World Bank's Senior Vice President and Chief Economist Kaushik Basu said on Saturday.Basu, former Chief Economic
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World Bank appoints Indian to provide strategic leadership
Feb 02, 2016, 02:02 PM ISTWashington: An Indian Saroj Kumar Jha has been appointed to a key position in the World Bank with President Jim Yong Kim assigning him a role to provide strategic leadership to address the challenge of
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World Bank slashes oil price forecast to $37 a barrel
Jan 28, 2016, 07:00 AM ISTWashington/New Delhi: Even as the World Bank revised sharply downwards its oil price forecast for 2016 to an average of $37 a barrel -- from $51 predicted in October -- in context of the continuing
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World Bank to extend $20 million for reconstructing Visakhapatnam's Indira Gandhi Zoological Park
Jan 17, 2016, 11:20 AM ISTNEW DELHI: The World Bank usually tames wild economies and helps countries stabilise their fluctuating finances, but in a global first, the banker for the world has gone to a zoo that too in India!
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World Bank to be anchor investor in Rail Development Fund: Suresh Prabhu
Jan 16, 2016, 09:16 AM ISTWASHINGTON: The World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fund modernisation of Indian railways, Union Minister Suresh Prabhu has said.However, Prabhu did not divulge
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Aadhaar increased access, reduced corruption: World Bank report
Jan 14, 2016, 12:19 PM ISTWashington: Citing how India increased access and reduced corruption in public services by providing unique digital identification to one billion people in five years, the World Bank says digital technologies can promote inclusion, efficiency, and
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India bright spot amid weak global growth: World Bank
Jan 07, 2016, 07:46 AM ISTWashington: Weak growth among major emerging markets with only the South Asia region, led by India, projected to be a bright spot, will weigh on global growth in 2016, a new World Bank report said
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World Bank may revise India's growth projection: Kaushik Basu
Dec 27, 2015, 07:49 AM ISTKolkata: World Bank chief economist Kaushik Basu today indicated that the bank may revise its GDP growth projection for India after it goes for a stock-taking in a few months."There could be some changes in
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Swachh Bharat: World Bank to lend US$1.5 bn to build toilets in India
India | Dec 17, 2015, 07:22 PM ISTNew Delhi: The World Bank has approved a loan of US$1.5 billion to help the government in its efforts to provide toilets in villages as part of the Swachh Bharat (Clean India) programme.The loan, which will
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World Bank approves $1.5 billion to support clean India campaign
India | Dec 16, 2015, 01:12 PM ISTNew Delhi: In a major boost to Prime Minister Narendra Modi's clean india campaign, the World Bank has approved a $1.5 billion loan for the ambitious project in its efforts to ensure all citizens in