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  Indian economy projected to grow at 8.3 per cent in 2021: World Bank

  India | June 08, 2021 20:10 IST

  India'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 | June 07, 2021 15:12 IST

  The 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 | April 10, 2021 7:39 IST

  Inflation 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 | April 08, 2021 8:50 IST

  David 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 | March 31, 2021 13:06 IST

  The 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 | January 05, 2021 21:45 IST

  India’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 | December 23, 2020 8:06 IST

  The 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 | December 16, 2020 21:17 IST

  The 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 | October 15, 2020 8:26 IST

  The 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 | October 14, 2020 16:50 IST

  The 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 | October 08, 2020 12:24 IST

  The 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 | October 07, 2020 23:15 IST

  More 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 | September 18, 2020 12:17 IST

  The 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 | July 07, 2020 19:01 IST

  In 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 | July 01, 2020 14:10 IST

  The 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 | June 28, 2020 17:09 IST

  The 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 | June 09, 2020 8:09 IST

  The 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 | June 08, 2020 20:50 IST

  ​The 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 | June 08, 2020 20:50 IST

  ​India'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 19:22 IST

  Digital 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).