Washington: India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank’s Migration and Development Brief, released on Saturday. “Among major remittance recipients, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67 billion), Mexico and the […]
New Delhi: With India jumping 23 ranks on Ease of Doing Business index, World Bank chief Jim Yong Kim on Friday called up Prime Minister Narendra Modi to congratulate him for the ‘historic rise’ in the rankings. According to a PMO release, Kim said this has been made possible, in large measure, due to the […]
New Delhi: India has climbed 23 places in the World Bank’s (WB) latest ease of doing business rankings in a near repeat of its performance last year and now stands at 77 among 190 countries assessed by the multilateral lender. The World Bank’s latest Doing Business Report 2019 released here on Wednesday showed that various […]
Dhaka: The Bangladesh government and the World Bank on Sunday signed an agreement to improve the transparency and efficiency of its major cash transfer programmes. Mahmuda Begum, an Additional Secretary of Bangladesh’s Economic Relations Division, and Qimiao Fan, World Bank country Director for Bangladesh, Bhutan and Nepal, signed the agreement worth $300 million here, reports […]
Bhubaneswar: Odisha has been ranked an “Aspiring Leader” in a survey of 21 states conducted by Invest India and World Bank, an official said on Monday. Odisha scored 80 per cent marks overall as against a national average of 70 per cent and was placed in the “Aspiring Leaders” category along with four other states. […]
New Delhi: India on Tuesday signed a $21.7 million loan agreement with the World Bank for strengthening public financial management in Rajasthan. The project will contribute towards improving budget execution, enhancing accountability and greater efficiency in revenue administration in the state, an official statement said. “The project size is approximately $31 million, of which $21.7 […]
New Delhi: India needs to create more than 8 million jobs a year to maintain its employment rate which has been declining over the past decade, according to the latest World Bank report. In its biannual South Asia Economic Focus (SAEF) report released in Washington on Sunday, the multilateral lender also projected India’s growth rate […]
Bhubaneswar: World Bank’s global head for Rural Livelihoods and Agricultural Jobs Parmesh Saha on Thursday suggested that Odisha government transform the state’s bumper agricultural production base into entrepreneurship by setting up more incubation centres and food processing clusters. “Because of a series of promotional interventions during last years, the state has been able to build […]
New Delhi: The World Bank on Monday projected a 7.2 per cent growth rate for India in 2017-18 due to the impact of demonetisation and protracted investment recovery. In its bi-annual economic India Development Update, the World Bank said the growth will accelerate to 7.2 per cent from 6.8 per cent in 2016-17. “Economic activity […]
Washington: The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed a memorandum of understanding (MoU) here to strengthen cooperation between the two institutions, officials said. Under the MoU, both sides on Sunday agreed to cooperate on areas, including development financing, staff exchanges, and analytical and sector work, Xinhua news agency reported. “It paves […]
New Delhi: Buoyed by a 23-place jump on World Bank’s ease of doing business ranking, Finance Minister Arun Jaitley Wednesday said India can crack into top 50 if it improves on time taken for registering real estate, starting business and enforcement of contracts. Addressing a news conference soon after the World Bank released its 2019 ranking, […]
Lucknow: The Uttar Pradesh government has proposed a slew of tourism projects worth Rs 370 crore, around half of which is meant for the Taj Mahal and its surrounding areas, an official release said today. The details have been released in the wake of reports in a section of the media saying the Taj Mahal […]
Washington: The World Bank has warned of a learning crisis in global education particularly in low and middle-income countries like India, underlining that schooling without learning is not just a wasted development opportunity, but also a great injustice to children worldwide. The Bank in a latest report yesterday noted that millions of young students in […]
New Delhi: Senior bureaucrat S Aparna, presently Principal Secretary to Gujarat Chief Minister Vijay Rupani, has been appointed as an Executive Director in the World Bank in the US. Aparna, a 1988-batch IAS officer of the Gujarat cadre, has been appointed to the post for three years, an order issued by the Department of Personnel […]
Washington: India-US ties have significantly improved over the last few decades, becoming more “stronger” and “matured” and defying changes in governments in both the countries, Finance Minister Arun Jaitley said today. Jaitley, speaking at a reception hosted by India’s Ambassador to the US Navtej Sarna, said the Indian government is looking forward to working with […]
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