World Bank
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Climate change can push 45 million Indians into poverty
India | Dec 08, 2015, 05:39 PM ISTClimate change could effectively negate India's economic progress, pushing 45 million Indians into extreme poverty over the next 15 years, according to a World Bank report published last month.In the absence of climate change, the
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India may spend $95 billion on railways over 5 years: Morgan Stanley
Nov 30, 2015, 08:18 PM ISTNew Delhi: India is expected to spend a whopping USD 95 billion (over Rs 6.34 lakh crore) on ramping up its rail infrastructure, a step that will help in increasing the country's manufacturing competitiveness, a
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BRICS Bank to fund inclusive needs of emerging nations: PM Modi
World | Nov 15, 2015, 04:14 PM ISTAntalya: India will guide the BRICS nations' USD 50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi
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US-India trade group welcomes liberalised FDI norms
Nov 13, 2015, 12:00 PM ISTWashington: The US-India Business Council (USIBC) has applauded the Indian government's latest reforms liberalising FDI norms in industries that are starved for capital and enable the ease of doing business in the country."Putting more FDI
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Bengal seeks World Bank loan to finish projects before '16 polls
National | Nov 09, 2015, 11:13 AM ISTKolkata: Aiming to complete its central government-backed rural development projects before the Assembly polls next year, West Bengal government has written to World Bank for a soft loan of Rs 4,000 crore even as it
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Ranking should have been significantly higher in World Bank index: Finance Minister
Nov 01, 2015, 04:48 PM ISTNew Delhi: Not fully satisfied with 12 position jump in India's ranking on ease of doing business index, Finance Minister Arun Jaitley today said the World Bank has not factored in all the steps taken
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It takes 29 days to start new business in India: World Bank report
Oct 28, 2015, 09:43 PM ISTWashington: India might have become a better place for starting a business but it still takes 29 days and over 12 procedures to begin a venture.Marking a significant improvement, India has been ranked at the
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India jumps 12 spots to 130 in ease of doing business: WB
Oct 28, 2015, 06:50 AM ISTWashington: India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to a World Bank report."A forward movement of 12 spots in the
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World Bank revises down forecast of oil prices
Oct 20, 2015, 08:00 PM ISTWashington: The World Bank today lowered its 2015 forecast for crude oil prices from USD 57 per barrel in its July report to USD 52 per barrel, a development that could bring in additional savings
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Arun Jaitley calls for reforms in World Bank at global meet
Oct 11, 2015, 08:49 PM ISTLima (Peru): Finance Minister Arun Jaitley has made a strong case for raising shareholding of developing nations including India in the World Bank Group to reflect their share in the global economy and demanded a
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India's poverty rate falls to 12.4%, electricity plays big role
India | Oct 10, 2015, 12:09 PM ISTIndia has reduced its poverty rate to 12.4% from the 2011-12 estimate of 21%, according to new data released by World Bank, which identified rural electrification as an important driving factor for everything from greater
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Migration, an engine of economic growth: World Bank
Oct 09, 2015, 11:36 AM ISTLima: The World Bank, in its 2015/2016 Global Monitoring Report, has said migration is presently a permanent feature of the global economy and could be an engine of growth. In the report, the institution's President Jim
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India home to most poor, but poverty rate lowest: World Bank
India | Oct 05, 2015, 11:29 PM ISTWashington: India was home to the largest number of poor in 2012, but its poverty rate was one of the lowest among those countries with the largest number of poor, according to a new World
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Global poverty rate to fall below 10 per cent: World Bank
Oct 05, 2015, 06:56 AM ISTWashington: The number of people living in extreme poverty around the world is likely to fall to below 10 percent of the global population in 2015, according to a forecast released by the World Bank
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World Bank to extend funds to improve sub-urban train services
India | Sep 22, 2015, 10:26 PM ISTMumbai: Continuing its support to improve the railway infrastructure in the megapolis, the World Bank today said it will continue to invest not only in improving the frequencies but also give priority to enhancing security
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Gujarat best state to do business in India, Delhi ranks 15th
Sep 14, 2015, 08:54 PM ISTNew Delhi: PM Narendra Modi's home state Gujarat has ranked at the top of an evaluation of state implementation of business reforms according to a report published by World Bank.In other words, Gujarat tops in
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Indian women face widespread job restrictions: World Bank
Sep 10, 2015, 10:27 AM ISTWashington: Women in India are not allowed to work in mining or in jobs that require lifting weights above a certain threshold or working with glass, according to a latest World Bank report on South
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6 Hurdles to building 44,000 homes a day
India | Jul 18, 2015, 05:46 PM ISTLess than seven years are left for Prime Minister Narendra Modi's ambitious Housing for All scheme aimed at providing a home to all the urban poor by 2022—especially as cities grow and migrants flow in
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China's economic fundamentals sound: World Bank chief
Jul 17, 2015, 12:01 PM ISTBeijing: World Bank Group (WBG) President Jim Yong Kim said on Friday that China's economic fundamentals are sound despite the recent equity market volatility."China has built the world's second largest economy and it has undertaken
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World Bank, China to establish poverty reduction fund
Jul 17, 2015, 06:42 AM ISTBeijing: The World Bank Group (WBG) and China signed an agreement to set up a trust fund to help reduce poverty.The fund aims to enhance the WBG-China cooperation and leverage financial and knowledge-based resources to