World Bank: News
03 Sep 2024
Reserve Bank Of India (RBI)World Bank raises India's growth forecast to 7% for FY25
The World Bank has revised India's growth forecast for the fiscal year 2025, raising it from an initial projection of 6.6% to a more optimistic figure of 7%.
13 Jul 2024
International Monetary FundIMF approves $7 billion loan to aid Pakistan's economy
The International Monetary Fund (IMF) has approved a $7 billion loan to Pakistan in an effort to stabilize its struggling economy.
30 May 2024
India Meteorological Department (IMD)Explained: Why Indian city temperatures are reaching unprecedented highs
Metropolitan cities in India have seen record-breaking temperatures in May, June, and July over recent years.
05 Apr 2024
Israel6 months of Israel-Hamas conflict: What has changed
On October 7, a group of Hamas terrorists breached the seemingly impenetrable "Iron Wall" to enter Israel, where they killed around 1,139 people.
03 Apr 2024
BangladeshWorld Bank forecasts 7.5% growth for India's economy in 2024
The World Bank has revised its growth forecast for India's economy, now predicting a significant increase of 7.5% in 2024, up by 1.2% from its previous estimate.
30 Oct 2023
BusinessOil prices might touch $102 due to Middle East tensions
World Bank predicts that global oil prices will reach $90 per barrel in the fourth quarter, dropping to an average of $81 this year because of slowed growth and decreased demand.
03 Oct 2023
IndiaWorld Bank keeps India's GDP growth unchanged at 6.3%
The World Bank has opted to retain the economic growth forecast for India at 6.3% in the fiscal year (FY) 2023-24, despite the nation grappling with significant external challenges, Economic Times reported.
02 Oct 2023
AsiaWorld Bank lowers 2023 growth forecasts for East Asia
The World Bank recently adjusted its growth predictions for developing countries in East Asia and the Pacific, pointing to tighter financial conditions and a sluggish global environment.
25 Sep 2023
Pakistan Government40% of Pakistanis now live below poverty line: World Bank
Pakistan is battling a major poverty crisis, with 40% of its population currently living below the poverty line, news outlet Dawn reported, citing a World Bank report.
02 Sep 2023
Joe BidenG20 Summit: Modi-Biden bilateral meeting on Friday, says White House
United States (US) President Joe Biden is set to travel to India next week for the G20 Summit, where he will have a bilateral meeting with Prime Minister Narendra Modi next Friday, the White House said on Saturday.
22 Aug 2023
BRICSWhy 40+ countries want to join BRICS
BRICS—a coalition of large emerging economies comprised of Brazil, Russia, India, China, and South Africa—reportedly aims to expand nearly 22 years after its inception.
30 Mar 2023
Joe BidenUS nominee Ajay Banga to become World Bank president unopposed
Ajay Banga, the former CEO of Mastercard, is set to become the World Bank president after nominations closed on Wednesday and no country chose to field a challenger, reported Bloomberg.
24 Mar 2023
IndiaWorld Bank president nominee Ajay Banga tests positive for COVID-19
Ajay Banga, the United States (US) nominee for World Bank president, tested positive for COVID-19 after arriving in New Delhi on Thursday.
24 Feb 2023
United States of AmericaWho is Ajay Banga, US nominee for World Bank president
An Indian-American could be at the helm of the World Bank. Former MasterCard CEO and businessman Ajay Banga has been nominated by the US to lead one of the Bretten Woods twins.
03 Feb 2023
IndiaIndia questions World Bank's stand on Indus Waters Treaty
In a significant development in the Indus Waters Treaty (IWT) matter, India on Thursday questioned the World Bank's move to appoint two separate processes—a neutral expert and a court of arbitration—to resolve disputes between Pakistan and New Delhi on the Ratle and Kishenganga hydroelectric projects in Jammu and Kashmir (J&K).
27 Jan 2023
IndiaIndia wants to change Indus Waters Treaty, cites Pakistan's 'intransigence'
India issued a notice to Pakistan on Wednesday expressing its wish to modify the Indus Waters Treaty (IWT) of 1960, blaming the latter for "intransigence" regarding the treaty's implementation.
06 Dec 2022
Gross Domestic ProductIndia's economy 'resilient,' to grow 6.9% in FY23: World Bank
Upgrading India's gross domestic product (GDP) forecast from 6.5% to 6.9% for the current fiscal year, the World Bank on Tuesday termed India's economy as "more resilient" than 10 years ago.
26 Sep 2022
Pakistan NewsPakistan's finance minister quits, tainted PML-N leader to replace him
Amid a worsening economic crisis after the deadly floods, Pakistan's Finance Minister Miftah Ismail resigned on Sunday.
30 Dec 2021
Drugs Controller General of IndiaNew anti-COVID drug may cost up to Rs. 3,000: Report
Molnupiravir, an antiviral medication, is projected to cost between Rs. 2,000 and Rs. 3,000 for a full treatment.
03 Nov 2021
AfghanistanHow Taliban's foreign currency ban affects Afghanistan
The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.
24 Aug 2021
IndiaCOVID-induced economic slowdown caused 1 lakh infant deaths in India
India recorded a third of global excess infant deaths in 2020 due to COVID-induced economic slowdown, a World Bank study has found.
20 Jul 2021
David MalpassWorld Bank deployed $157bn in 15 months to fight COVID-19
In its largest-ever crisis response, the World Bank deployed over $157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months.
06 Aug 2020
IndiaIndia's Serum Institute signs COVID-19 vaccine deal with America's Novavax
Serum Institute of India (SII) is set to source the COVID-19 vaccine developed by American biotech company Novavax.
12 Jun 2020
UNICEFCoronavirus aftermath: 1.1 billion could become extremely poor, globally
The economic repercussions of coronavirus, which has already taken 423,844 lives globally, are mountainous. Thanks to lockdowns, enforced to break the transmission chain, even the richest countries are staring at oblivion.
15 May 2020
Narendra ModiWorld Bank announces $1 billion social protection package for India
In the fight against coronavirus, the Indian government has got support from the World Bank. On Friday, the global bank announced a $1 billion social protection package for the programs of the government of India.
12 Apr 2020
IndiaIndia to witness severe economic slump, says World Bank
The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.
03 Apr 2020
IndiaCoronavirus: World Bank approves $1bn emergency fund for India
The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.
11 Jan 2020
Uttar PradeshLast year, India lost over $1.3 billion from internet shutdowns
The problem of internet shutdowns has grown worse over the years, affecting both businesses and households alike.
24 Oct 2019
IndiaIndia 63rd on World Bank's Ease of Doing Business ranking
India moved up 14 ranks to take the 63rd spot on the World Bank's Ease of Doing Business ranking released today.
13 Oct 2019
India#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.
23 Aug 2019
International Monetary FundFATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding
In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.
03 Aug 2019
IndiaNITI Aayog CEO says 'too many reforms' behind economic slowdown
Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.
27 Jul 2019
South KoreaWhat is South Korea's #NoMarriage movement all about
South Korea is looking at an economic crisis and they have narrowed down the problem to the one source: women.
10 Jun 2019
India#CareerBytes: Important topics every UPSC CSE aspirant must cover
The UPSC Civil Services Examination (CSE) is one of the toughest competitive exams in the country. The three-stage CSE comprises Preliminary examination, Main examination, and Personality Test/Interview.
18 Mar 2019
IndiaDelhi: In a first, mother, daughter receive PhD degrees together
Getting a PhD is a huge achievement and a memorable experience. However, for 56-year-old Mala Dutta, whose dream of receiving a PhD came true 34 years after college, it was even more memorable.
24 Feb 2019
IndiaWhat is Indus Waters Treaty? Here's everything you should know
In the aftermath of the Pulwama terror attack, the Center has decided to block water supply to Pakistan from the rivers flowing from India.
11 Feb 2019
Donald TrumpUS team reaches China to engage in trade deal talks
US negotiators were in Beijing today for another round of talks on a trade deal with the clock ticking towards a March 1 deadline set by US President Donald Trump.
07 Feb 2019
Donald TrumpDonald Trump nominates David Malpass for World Bank President
US President Donald Trump has nominated David Malpass, a vocal critic of the World Bank, to head the international financial institution, sparking concerns that he may seek to reduce the role of the global lender.
18 Jan 2019
Narendra ModiIndia aims 'Top-50' rank next year in ease-of-doing biz: Modi
Prime Minister Narendra Modi today inaugurated the 9th edition of Vibrant Gujarat Summit in Gandhinagar.
16 Jan 2019
PepsiCoIndra Nooyi, former PepsiCo CEO, could head World Bank
Indra K. Nooyi, who led PepsiCo for 12 years before leaving the company in August last year, is being considered for the top post of World Bank, multiple reports claimed.
09 Jan 2019
IndiaIndia's GDP to grow 7.5% in next two years: World-Bank
India's GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.
03 Dec 2018
PolandWorld Bank promises $200 billion in 2021-25 climate action investment
The World Bank today unveiled $200 billion in climate action investment for 2021-25; adding this amounts to a doubling of its current five-year funding.
12 Nov 2018
IndiaPM Modi inaugurates India's first inland waterway: Details here
On Monday, a vessel carrying PEPSICO (India) cargo docked at the holy city of Varanasi, marking India's first inland voyage by a container ship since it gained Independence.
31 Oct 2018
IndiaEase of Doing Business: India jumps 23-places, now ranks 77
In what can be seen as a big achievement of the Modi government, India climbed 23 ranks in the World Bank's latest ease of doing business rankings.
22 Oct 2018
India#CareerBytes: List of important topics for UPSC exam
The UPSC Civil Services exam is one of the toughest in India, thus thorough preparation and solid determination are vital to crack it.
22 Oct 2018
IndiaThe world's fastest growing economy is choking on toxic air
India might be the world's fastest growing economy, but it is fighting an increasingly uphill battle against air pollution.
11 Oct 2018
GSTOrderly depreciation of rupee would increase competitiveness: World Bank official
An orderly depreciation of the rupee would increase competitiveness and relieve some pressures in the capital market, said Martin Rama, the Chief Economist for the South Asia region of the World Bank.
11 Oct 2018
International Monetary FundWorld Bank, IMF urge US, China to follow trade rules
The heads of the World Bank and IMF urged the US and China to play by world trade rules and de-escalate a dispute over China's technology development strategy that threatens to do lasting damage to the global economy.
04 Oct 2018
IndiaSeveral Indian companies debarred by World Bank over corruption practices
Several Indian companies and some Indians have been barred by the World Bank from its various projects across the globe, the multilateral lending agency said in its first report on its efforts to fight corruption and safeguard donor resources.
09 Sep 2018
IndiaEntire world's economy is slowing down, India's is growing: Naidu
India has made tremendous progress under PM Modi in last four years and the entire world is now looking towards the country, Vice President Venkaiah Naidu told a gathering of Telugu Americans in Chicago.
28 Aug 2018
IndiaIndia, Pakistan to resume talks on Indus Waters Treaty
India and Pakistan will resume their talks on various aspects of the crucial Indus Waters Treaty in Lahore on Wednesday, the first bilateral engagement since Prime Minister Imran Khan took office.
15 Aug 2018
PunjabPunjab CM announces Rs. 3,600cr-worth development projects for Ludhiana
Punjab Chief Minister Amarinder Singh today announced a slew of development projects worth over Rs. 3,600cr for Ludhiana district, ranging from infrastructure to water supply and industries to education.
06 Aug 2018
KarnatakaGovt trying to start 5 river inter-linking projects in FY19
The government is trying to start work on five river inter-linking projects in the current fiscal and secure financial assistance from World Bank and Asian Development Bank for the Rs. 2 lakh crore project, Union Minister Nitin Gadkari said.
24 Jul 2018
BaliIndian-origin economist, working for World Bank, drowns at Bali beach
A young Indian-origin senior economist, working with the World Bank, drowned after strong currents pulled her away while she was swimming in a restricted area at a beach in Bali, Indonesia on Saturday.
12 Jul 2018
India$15-30 trillion loss if girls don't finish school: World Bank
Not educating girls or creating barriers in their school education globally costs between $15-30 trillion, the World Bank said as the UN marks "Malala Day" today.
11 Jul 2018
IndiaIndia overtakes France to become 6th largest economy
In a significant feat, India has pushed France aside to claim the position of the 6th biggest economy in the world, World Bank data for 2017 reveals.
10 Jul 2018
IndiaAndhra Pradesh tops ease of doing business ranking, again
For the second year in a row, Andhra Pradesh has topped the list in terms of ease of doing business among all states and union territories (UTs), according to a list released by the Department of Industrial Policy and Promotion in collaboration with the World Bank.
18 Jun 2018
IndiaGreece: India working towards becoming $5-trillion-economy by 2025, says Kovind
India is striving to become a $5 trillion economy and the world's third-largest consumer market by 2025, President Ram Nath Kovind said in Greece, quoting World Bank, which stated India's growth rate is going to be high.
15 Jun 2018
MaharashtraWant to make Maharashtra trillion-dollar economy by 2025: Fadnavis
Maharashtra is aspiring to make the state the first trillion-dollar economy by 2025, CM Devendra Fadnavis said in Washington.
14 Jun 2018
IndiaWant to make Mumbai a financial technology hub: CM Fadnavis
Maharashtra CM Devendra Fadnavis said he wants to make Mumbai a hub for financial technology.
10 Jun 2018
IndiaOver 41,000 cases filed under RTE since 2010: World Bank
According to the World Bank policy research paper, 41,343 cases have been filed in India under the Right To Education (RTE) Act since 2010.
06 Jun 2018
IndiaIndia retains fastest-growing economy tag; World Bank forecasts 7.3% growth
The World Bank has forecast a growth rate of 7.3% for India in the fiscal year 2018-19 and 7.5% in FY 2019-20, making it the fastest-growing country among major emerging economies.
01 Jun 2018
IndiaMobile-manufacturing factories rose from 2 to 120 since 2014: Prasad
India is becoming a major manufacturing hub of mobile phones with the number of handset factories in the country going up to 120 in the last three-and-a-half years, Union Minister for Information Technology Ravi Shankar Prasad said.
01 Jun 2018
Madhya PradeshIs it right for agitated-farmers to spill milk, throw vegetables?
The food and dairy supplies are likely to take a hit as farmers across 7 states started a 10-day protest, demanding minimum support price (MSP), loan-waivers, and permanent monthly income, from the government.
23 May 2018
Pakistan NewsNo progress in resolving Indus Water Treaty dispute: World Bank
The World Bank has said that it could not reach an agreement with Pakistan over its concerns regarding the Indus Waters Treaty with India after two days of talks in Washington.
22 May 2018
IndiaIndia, Pakistan spar over Indus Waters Treaty at World Bank
A Pakistani delegation raised the issue of India's alleged violation of the Indus Waters Treaty with the World Bank yesterday, officials said.
22 May 2018
GujaratUS Supreme Court to hear dispute over Gujarat power plant
The US Supreme Court has agreed to hear a petition filed by Indian villagers seeking to hold a US-based international financial institution responsible for widespread environmental damage they blame on a power plant it financed in Gujarat.
09 May 2018
Pakistan NewsWorld Bank denies Sharif laundered $4.9 billion to India
The World Bank has denied as "incorrect" the media reports in Pakistan that cited its report to allege that former Prime Minister Nawaz Sharif laundered $4.9 billion to India.
07 May 2018
BollywoodBollywood celebs' definition of poor is both funny and depressing
What do you think being poor means? Hiding skin using tattered clothes, sleeping on empty stomach, right?
04 May 2018
India85% of India's population has access to electricity: World Bank
India is doing "extremely well" on electrification with nearly 85% of the country's population having access to electricity, the World Bank said in its latest report.
03 May 2018
IndiaIndia's Aadhaar doesn't pose any privacy issue: Bill Gates
India's Aadhaar technology doesn't pose any privacy issue as it's just a bio-ID verification scheme, Microsoft founder Bill Gates said.