Climate 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
New 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
Antalya: 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
Washington: 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
Kolkata: 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
New 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
Washington: 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
Washington: 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
Washington: 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
Lima (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
India 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
Lima: 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
Washington: 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
Washington: 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
Mumbai: 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
New 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
Washington: 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
Less 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
Beijing: 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
Beijing: 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
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