World Bank: News
22 Apr 2018
IndiaIndia's GDP expected to reach $5 trillion by 2025
India is poised to remain the fastest growing large economy in the world and its GDP is expected to reach $5 trillion by 2025 as the economic reforms adopted in last few years have started to bear fruit, a top Indian official said.
22 Apr 2018
Ministry of FinanceJan Dhan accounts' deposits reached Rs. 80,545.70cr on April 11
Total deposits in Jan Dhan accounts, which have been steadily rising since March 2017, were at Rs. 80,545.70cr on April 11, according to Finance Ministry data.
22 Apr 2018
Christine LagardeWorld Bank approves historic $13 billion increase in capital
In a major development, the World Bank Group has endorsed an ambitious package of measures that include a $13 billion increase in paid-in capital.
17 Apr 2018
Himachal PradeshHimachal Cabinet to create agency for water supply in Shimla
The Himachal Pradesh cabinet on Monday approved setting up of Shimla Jal Prabandhan Nigam Limited (SJPNL) for the water supply and wastewater management in Greater Shimla Planning Area and other places.
16 Apr 2018
IndiaWorld Bank: India has recovered from the impact of demonetization
The World Bank has said that the Indian economy has recovered from the adverse effects of the demonetization and implementation of GST.
05 Apr 2018
Pakistan NewsPakistan approaches World Bank over India completing Kishanganga project
Pakistan has informed the World Bank about India completing the Kishanganga hydropower project during the bank's "pause" period and also urged it to "recognize its responsibility" under the Indus Waters Treaty between the two countries, a media report said today.
22 Mar 2018
DelhiRather than curing air pollution, Delhi focuses on preventing it
A pollution prediction model will soon be installed in Delhi, the kind which has already been installed by SAFAR across the country and the one present in Beijing, a government official said.
18 Mar 2018
IndiaHigh-level India-Bangladesh meet next month on developing national waterways
The proposed high-level meeting on the Protocol on Inland Water Transit and Trade (PIWTT) between India and Bangladesh next month is expected to finalize its Standard Operating Procedures (SoP), an official said.
15 Mar 2018
IndiaGST among most complicated tax-regimes, but has benefits: World Bank
India's new GST regime has the second highest tax rate among 115 countries with similar indirect tax systems, a World Bank report noted.
14 Mar 2018
IndiaWorld Bank projects India's FY19 GDP growth at 7.3%
World Bank on Wednesday projected India's GDP growth at 7.3% for the next financial year and accelerated further to 7.5% in 2019-20.
11 Mar 2018
Washington DCIndia on way to becoming major global power: David Mulford
Former US Ambassador to India David Mulford recently said that as India moves towards becoming a major global power, New Delhi and the US must focus on trade and investment by negotiating agreements that will create jobs in the two countries.
28 Feb 2018
International Monetary Fund15th Finance Commission to soon decide what populism is
In a first, the Finance Commission, which recommends how much money states should get out of the taxes collected by the central government, will define what a populist measure is and recommend incentives for states that do not resort to them.
20 Jan 2018
IndiaIndia to Pakistan at UNSC meeting: Change mindset on terrorism
At the United Nations Security Council (UNSC), India made a no-holds barred attack on Pakistan.
10 Jan 2018
IndiaWorld Bank predicts "enormous growth" for India, 7.3% in 2018-19
The World Bank has upgraded India's estimated GDP growth this fiscal year to 6.7% instead of the 6.5% estimate by the Indian government.
10 Jan 2018
Pakistan NewsReports: More than two-thirds of Pakistan drinks contaminated water
Thousands of people in Pakistan are reportedly affected by the country's decreasing water supplies and highly polluted water.
30 Dec 2017
IndiaWorld Bank pledges $40 million for UP tourism project
The World Bank has offered $40 million (Rs. 260 crore) credit to the Uttar Pradesh government for implementing a tourism project in the state.
13 Dec 2017
IndiaDear I&B Ministry, not every condom ad is vulgar
At a time when the noise around condom use should be louder than ever, the I&B Ministry silenced it completely.
23 Nov 2017
IndiaPresident approves amendment to Insolvency and Bankruptcy Code
A day after the Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC), President Ram Nath Kovind has given assent for the law to go into force.
18 Nov 2017
IndiaModi-govt to launch "1 billion-1 billion-1 billion" Aadhaar-bank-mobile numbers mission
Riding high on Moody's upgrade of India's sovereign rating, and the 30-place jump in the World Bank's "Ease of Business" index, the Centre is now planning to launch another ambitious "One billion-One billion-One billion" connectivity mission soon.
17 Nov 2017
IndiaMoody's upgrades India's rating citing reforms: What does it mean?
Thirteen years after last upgrading India's sovereign credit rating, Moody's has done it again, this time increasing it to 'Baa2', and changed the outlook to stable from positive.
17 Nov 2017
Pakistan NewsPakistan says no to Chinese funding on PoK dam
Pakistan occupies a central place in China's schemes for its One-belt One-road (OBOR) initiative.
04 Nov 2017
IndiaNITI Aayog: Poverty, corruption free India by 2022
Modi government's think-tank NITI Aayog presented a New India @2022 document which envisaged India to be free from "poverty, dirt, corruption, terrorism, casteism and communalism."
04 Nov 2017
IndiaModi: With GST, our rankings of "doing business" will improve
While speaking at the 'India's Business Reforms' conference in New Delhi, PM Modi lauded his government and corporate India's "hard work" for ensuring that India breaks into the top-100 of the World Bank's "Ease of doing business" report.
03 Nov 2017
IndiaWorld Food India: Modi lauds India's role in food processing
PM Modi inaugurated the three-day World Food India, 2017.
02 Nov 2017
IndiaDelhi workers get more wages but less offs: Report
India scored a major win in the World Bank's latest Ease of Doing Business report: it jumped 30 spots to 100th, the highest jump this time among all nations.
01 Nov 2017
IndiaRahul: GST, note ban have ruined ease of doing business
The day after World Bank (WB) noted that India's business climate has improved, Congress VP Rahul Gandhi said that demonetization and goods and services tax (GST) have ruined ease of doing business.
01 Nov 2017
IndiaIndia breaks into top-100 in World Bank's "Doing Business" report
The World Bank's "Doing Business 2018: Reforming to Create Jobs" report has been released, and India stunned the world by jumping 30 places on the index, which ranked India 100 out of 190 countries.
30 Oct 2017
Himachal PradeshIllegal felling: First time ever, Shimla trees to get RFID-tags
Himachal Pradesh HC has passed an order for Shimla's civic authorities to start tagging trees with radio frequency identification tags (RFID) in order to curb their felling.
24 Oct 2017
SingaporeSingapore cuts down on private vehicles even further
From February'18, Singapore will cap the number of vehicles on its roads. The Land Transport Authority (LTA) has attributed the decision to scarcity of land and public transport upgrades.
22 Oct 2017
AsiaThere are over 1.1 billion "invisible people" in the world
Over 1.1 billion people - one in every seven individuals- worldwide do not officially exist as they have no proof of identity, revealed World Bank's Identification for Development (ID4D) program.
13 Oct 2017
IndiaIndian Government saved $9bn through Aadhaar scheme: Nandan Nilekani
The Aadhaar scheme has helped India's government save $9bn by eliminating fraud in financial distribution system said Aadhaar's architect, Nandan Nilekani.
11 Oct 2017
IndiaIMF cuts India's growth forecast, but expects a medium-term recovery
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
09 Oct 2017
Narendra ModiPM Modi discusses India's energy sector with top oil CEOs
PM Narendra Modi along with Oil Minister Dharmendra Pradhan interacted with top oil and gas CEOs from around the world today.
06 Oct 2017
IndiaIndia's economic-slowdown an "aberration"; GST, a huge positive: World Bank
The World Bank said the recent Indian economic slowdown is an "aberration" due to temporary disruptions in the run-up to Goods and Services Tax, adding it will be rectified soon.
04 Oct 2017
Atal Bihari VajpayeeAfter Yashwant Sinha, Arun Shourie lambastes the government's economic policies
Former minister of Disinvestment, Communication and Information Technology in AB Vajpayee's government and senior BJP leader Arun Shourie has joined the band of leaders from within the party criticizing the government's policies.
02 Oct 2017
IndiaThree years on, how 'Swachh' is Modi's 'Bharat'?
Prime Minister Narendra Modi's flagship project Swachh Bharat Abhiyan turns three today.
05 Sep 2017
IndiaQuestion bound to haunt BJP: Who took the demonetization decision?
In his latest book "I do what I do', former RBI governor Raghuram Rajan revealed that no constructive decision about demonetization was taken until his term ended on September 3, 2016.
02 Sep 2017
Indian RailwaysWorld Bank suggests safety measures for Indian Railways
The World Bank, in a recent report, has proposed several recommendations for the Indian Railways.
22 Aug 2017
IndiaHow Bihar's Jeevika Didis are building toilets in rural areas
Open defecation has long been India's primary health and sanitation issue; most Indian states are struggling to become open defecation-free (ODF).
