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 […]
Bhubaneswar: Overwhelmed over the total investment intent of over Rs 2 lakh crore received during the recently concluded ‘Make in Odisha’ Conclave, Chief Minister Naveen Patnaik today said the state government will take steps to ensure grounding of these investments. “I am particularly pleased that the proposed investments have the potential to generate 1.4 lakh […]
Berhampur: Cutting across party lines, corporators of Berhampur Municipal Corporation (BMC) have expressed concern over the slow progress of the World Bank-aided Odisha Disaster Recovery Project (ODRP) worth Rs 180 crore in this south Odisha city. The project includes development of 85 slum pockets, repair and widening of major and interconnecting road stretching across 7.60 […]
World Bank is likely to fund the development of higher education sector in Odisha
Beijing: The World Bank Group (WBG) and China signed an agreement here yesterday 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 help developing countries achieve inclusive and sustainable development, the WBG said in a statement, according to Xinhua […]
Lucknow: The Uttar Pradesh government yesterday assured a visiting World Bank (WB) team that it would complete all the projects funded by it in the next five years rather than the stipulated time line of seven years. The assurance, to the team led by Jun Matsumoto, was given by Irrigation Minister Shivpal Singh Yadav, who […]
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