World Bank
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World Bank to continue with USD 6 billion annual lending support to In
Business | Oct 26, 2019, 10:22 PM ISTAs many as 97 projects are being currently executed with loan assistance from the World Bank.
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India ranked 63 on World Bank's ease of doing business ranking
World | Oct 24, 2019, 11:09 AM ISTIndia made trading across borders easier by enabling post clearance audits, integrating trade stakeholders in a single electronic platform, upgrading port infrastructures, and enhancing the electronic submission of documents, the report said.
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Global value chains can help countries in better growth: World Bank
Business | Oct 09, 2019, 11:39 AM IST"Global value chains have played an important part in the growth, by enabling firms in developing countries to make significant gains in productivity, and by helping them transition from commodity exports to basic manufacturing,” World Bank Group Chief Economist Pinelopi Koujianou Goldberg said.
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World Bank to sanction Rs 3,000 crore for food parks: Govt
Business | Sep 13, 2019, 06:55 PM ISTMinor formalities remain to be completed on this front before the first disbursement of the sanctioned amount is released, the Minister of State for Food Processing Industries said.
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Punjab government to take World Bank help for canalising of rivers
India | Aug 22, 2019, 05:22 PM ISTAfter an aerial survey to assess the damage caused by flooding in Sultanpur Lodhi of Kapurthala and Jalandhar areas, the chief minister announced a project to realign river streams and courses besides strengthening and widening river embankments.
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Andhra capital Amaravati's fate hangs in balance
India | Jul 28, 2019, 01:18 PM ISTAnalysts say, in such a situation the Centre is also not likely to provide any assistance for Amaravati. It has so far provided only Rs 1,500 crore, which is a very small amount compared to the plans to build the capital at a whopping cost of Rs 1.5 lakh crore in three phases.
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India withdrew request for financing Amaravati project: World Bank
Business | Jul 22, 2019, 07:11 AM ISTThe World Bank, in a statement on its website, said India on July 15 withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project.
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World Bank drops Chandrababu Naidu's ambitious Amaravati project from its list
India | Jul 18, 2019, 10:06 PM ISTThe World Bank has decided not to fund Amaravati Sustainable Capital City Development Project, the ambitious project of former Andhra Pradesh chief minister Chandrababu Naidu.
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World Bank clears $250 million for Kerala scheme
India | Jul 15, 2019, 06:04 PM ISTBalakrishna Menon, World Bank India Task Team Leader for the programme, said in the RKP they "will not only bring about additional financial resources but also help leverage other development partners and connect the state to lessons from global good practices."
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World Bank approves $100mn for water supply, sanitation in Bangladesh
World | Jul 13, 2019, 01:15 PM ISTIn the selected 30 municipalities that currently do not have piped water systems, the project will install water infrastructures, including water treatment facility, water storage, transmission and distribution pipe network, house connections including meters, and others, said the Washington-based lender in a statement.
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World bank approves USD 722 million loan for Pakistan
World | Jun 30, 2019, 03:59 PM ISTThe World Bank has approved USD 722 million loan for Pakistan that will largely be used for improving civic and public transport facilities in Karachi, according to a media report.
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World Bank approves $147 million loan to Jharkhand
Business | Jun 25, 2019, 02:42 PM ISTThis is in keeping with the needs of a rapidly urbanizing state where about 31 million people reside in urban areas and urban population growth in nine of the 24 districts in Jharkhand is above India's overall urbanization pace of 2.7 per cent.
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Cash-strapped Pakistan inks 3 loan deals worth USD 918 million with World Bank
World | Jun 18, 2019, 03:40 PM ISTPakistan on Tuesday signed three loan agreements worth a total of USD 918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.
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Pak fails to fulfil 25 of 27 FATF points, downgrading by IMF, World Bank to continue
World | Jun 16, 2019, 01:50 PM ISTThe Paris-headquartered Financial Action Task Force has asked Pakistan to explain whether it has launched any investigation into the USD seven million allocated to maintain schools, madrasas, clinics and ambulances originally operated by terror groups like Lashkar-e-Taiba, Jaish-e-Mohammad, and LeT fronts Jamat-ud-Dawah and Falah-e-Insaniat Foundation.
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NDDB urges Nirmala Sitharaman to rationalize taxes on dairy items
India | Jun 13, 2019, 01:47 PM ISTMaking his submissions at a meeting convened by the Union Finance Minister for pre-budget consultations with stakeholder groups from agriculture and rural development at New Delhi on Tuesday, NDDB Chairman Dilip Rath also pitched for reduction of GST on breeding outputs, besides a cut in import duty on import of bovine germplasm.
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India highest recipient of remittances at USD 79 billion in 2018: World Bank
Business | Apr 09, 2019, 08:16 AM ISTAccording to the report, remittances to low-and middle-income countries reached a record high of USD 529 billion in 2018, an increase of 9.6 per cent over the previous record high of USD 483 billion in 2017.
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India's economic growth driven by domestic demand, need to focus on exports: World Bank
Business | Apr 08, 2019, 11:10 AM ISTPraising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said, "that is what is needed to become more competitive."
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Former PepsiCo CEO Indra Nooyi being considered to lead World Bank: Report
Business | Jan 16, 2019, 12:48 PM ISTWorld Bank's current president Jim Yong Kim had earlier this month announced that he would step down from his post in February to join a private infrastructure investment firm.
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Ivanka Trump to help US search new World Bank president: White House
Business | Jan 15, 2019, 02:50 PM ISTWorld Bank's current president Jim Yong Kim said last week that he will step down next month, an unexpected departure announcement three years before his term was set to expire. The abrupt announcement triggered speculation about his replacement.
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India's GDP expected at 7.3 per cent in FY 2018-19, says World Bank
Business | Jan 09, 2019, 06:36 AM IST"India's growth outlook is still robust. India is still the fastest growing major economy," World Bank Prospects Group Director Ayhan Kose said.