World Bank
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Indian economy projected to grow at 8.3 per cent in 2021: World Bank
India | Jun 08, 2021, 08:10 PM ISTIndia's economy, which is facing the heat of the second wave of coronavirus, has been projected to grow at 8.3 per cent in 2021, according to World Bank.
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World Bank approves USD 500mn program to help boost India's MSME sector
World | Jun 07, 2021, 03:12 PM ISTThe World Bank's Board of Executive Directors has approved a USD 500 million program to support India's nationwide initiative to revitalise the MSME sector
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IMF, World Bank urged to ensure timely delivery of COVID-19 vaccines across nations
World | Apr 10, 2021, 07:39 AM ISTInflation and depleted incomes have raised household indebtedness and food insecurity, it said, urging the IMF and the World Bank to scale up its work to address rising levels of food insecurity and to support countries in achieving Sustainable Development Goal 2 and nutrition for all.
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Faster global growth driven primarily by US, China and India: World Bank
Business | Apr 08, 2021, 08:50 AM ISTDavid Malpass said it's also the concern of inequality in terms of vaccinations and median income that's not going up very fast for some countries.
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India bounced back big way but not out of woods; real GDP growth to be 7.5 to 12.5 per cent: WB
World | Mar 31, 2021, 01:06 PM ISTThe Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded.
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Indian economy expected to contract by 9 .6% in 2020-21: World Bank
Business | Jan 05, 2021, 09:45 PM ISTIndia’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday.
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World Bank to fund $500 mn 'green' highways project in India
World | Dec 23, 2020, 08:06 AM ISTThe National Highways of India carry about 40 per cent of road traffic. However, several sections of these highways have inadequate capacity, weak drainage structures and black spots prone to accidents.
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World Bank approves 4 India projects worth USD 800 million
Business | Dec 16, 2020, 09:17 PM ISTThe World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives.
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World experiencing one of the deepest recessions due to COVID-19: World Bank
World | Oct 15, 2020, 08:26 AM ISTThe world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a "catastrophic event" for many developing and the poorest countries.
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World Bank approves $12 billion to finance coronavirus vaccines, care
Business | Oct 14, 2020, 04:50 PM ISTThe World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.
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India’s GDP expected to contract by 9.6 per cent this fiscal: World Bank
Business | Oct 08, 2020, 12:24 PM ISTThe Washington-based global lender, in its latest South Asia Economic Focus report ahead of the annual meeting of the World bank and International Monetary Fund, forecasts a sharper than expected economic slump across the region, with regional growth expected to contract by 7.7 per cent in 2020, after topping six per cent annually in the past five years.
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COVID-19 to push as many as 150 million people into extreme poverty by 2021: World Bank
Business | Oct 07, 2020, 11:15 PM ISTMore than 150 million people may fall into extreme poverty throughout the world by 2021 as a result of the economic contraction caused by the novel coronavirus pandemic, the World Bank said in a report on Wednesday.
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There's a crisis, take loan from World Bank to help States: Shiv Sena tells Centre
India | Sep 18, 2020, 12:17 PM ISTThe Shiv Sena on Friday slammed the Modi government over the economic crisis faced by the country, saying demonetisation and "mishandling" of the coronavirus-induced lockdown were to be blamed for the current situation. An editorial in party mouthpiece 'Saamana' criticised the NDA government for what it called trying to "wash its hands of the crisis".
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Rejuvenating the Ganga: World Bank provides $400 million to support Namami Gange
Business | Jul 07, 2020, 07:01 PM ISTIn a bid to rejuvenate the Ganga river, the World Bank and the Government of India today signed a loan agreement to enhance support for the Namami Gange programme. The $400 million operation comprises a loan of $381 million and a proposed Guarantee of up to $19 million.
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World Bank to give USD 750 million to support 15 crore viable MSMEs
Business | Jul 01, 2020, 02:10 PM ISTThe World Bank on Wednesday said it will give a USD 750 million-budget support to 15 crore MSMEs to increase liquidity access for viable small businesses impacted by COVID-19.
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World Bank clears USD 500 million loan to improve quality of education system
Business | Jun 28, 2020, 05:09 PM ISTThe World Bank on Sunday said its Board of Executive Directors has approved USD 500 million (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states.
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World Bank projects global economy to shrink by 5.2% in 2020
World | Jun 09, 2020, 08:09 AM ISTThe global economy is on track to shrink by 5.2 per cent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects.
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Global economy to plunge into worst recession since WW-II: World Bank
Business | Jun 08, 2020, 08:50 PM ISTThe global economy, which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the coronavirus pandemic and the shutdown measures to contain it, the World Bank said on Monday.
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India's economy to contract by 3.2 per cent in fiscal year 2020/21: World Bank
Business | Jun 08, 2020, 08:50 PM ISTIndia's economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity.
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Exclusive: 'Women must challenge cultural stereotypes and norms', World Bank panelist says
World | May 29, 2020, 07:22 PM ISTDigital education for women is not just important, it is a must. Especially now, when we find ourselves confined indoors due to the coronavirus pandemic, it becomes all the more crucial for one to know how to go about life when social distancing is highly advisable. To this regard, some of the worst impacted sections of the society include those who live in rural India and have neither the society's backing to prosper nor the technological or financial resources to be self-reliant (or as we like to term it these days -- Atmanirbhar).