Tuesday, May 17, 2022
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World Bank

NGT Clears Decks For Inland Waterway Project On Ganga River From Prayagraj to Haldia

NGT Clears Decks For Inland Waterway Project On Ganga River From Prayagraj to Haldia

The NGT bench noted that there is no scope for the tribunal to consider the matter as the Allahabad High Court has already decided the issue

07 May 2022
Poverty In Sri Lanka To Spike This Year, Warns World Bank

Poverty In Sri Lanka To Spike This Year, Warns World Bank

Sri Lankans will slip into poverty this year, the World Bank has warned.

26 April 2022

FM Nirmala Sitharaman Urges Indian Diaspora To Become Partners In Growth Of Country

The Finance Minister highlighted the contributions of the country people in innovation and research.

If US Wants Friend In India It Should Understand That The Friend Should Not Be Weakened: Nirmala Sitharaman On Stance On Russia

If US Wants Friend In India It Should Understand That The Friend Should Not Be Weakened: Nirmala Sitharaman On Stance On Russia

During her visit to the United States, she held a host of bilateral meetings and participated in many multilateral meetings.

23 April 2022

Finance Minister Nirmala Sitharaman Invites US Varsities To Start Operation At IFSC

Budget 2022-23 permitted setting-up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate the...

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23 April 2022
Nirmala Sitharaman Discusses Growth Potential In MRO, Aircraft Leasing With Boeing Defense CEO

Nirmala Sitharaman Discusses Growth Potential In MRO, Aircraft Leasing With Boeing Defense CEO

Finance Minister Nirmala Sitharaman on Friday met Boeing Defense CEO Ted Colbert and discussed opportunities for investments and growth in maintenance, repair,...


23 April 2022
Rescue Countries Facing Debt Stress In These Uncertain Times: FM To World Bank

Rescue Countries Facing Debt Stress In These Uncertain Times: FM To World Bank

Sri Lanka, a neighbouring nation of India, is grappling with its worst-ever economic crisis compounded by forex shortages and a balance of payments crisis


22 April 2022
Sri Lanka To Receive World Bank Aid To Face Economic Crisis

Sri Lanka To Receive World Bank Aid To Face Economic Crisis

Sri Lanka is on the brink of bankruptcy, with nearly $7 billion of its total $25 billion in foreign debt due for repayment this year. A severe shortage of...


22 April 2022
Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

Sitharaman Reaffirms India’s Commitment To Fighting Money Laundering, Terror Financing; Lauds FATF

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related...


21 April 2022
World Bank Hails India’s Move Of Selling Oil From Its Stockpiles

World Bank Hails India’s Move Of Selling Oil From Its Stockpiles

World Bank President David Malpass said he was intrigued by India’s move and thought market opening steps by many of the advanced economies could add a lot...


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19 April 2022
Sri Lanka Requests IMF For Rapid Aid Assistance Amid Economic Crisis

Sri Lanka Requests IMF For Rapid Aid Assistance Amid Economic Crisis

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948.


18 April 2022
Extreme Poverty In India Declined By 12.3 Percentage Points During 2011-19: World Bank

Extreme Poverty In India Declined By 12.3 Percentage Points During 2011-19: World Bank

India has not released a new household consumption survey since the NSS from 2011. By extension, the country has not released any official estimates of poverty...


19 April 2022
Fintech Solutions Can Boost Cross-Border Remittances

Fintech Solutions Can Boost Cross-Border Remittances

Fintech solutions can be a boost for banks dealing with cross-border transactions as many are high in volume but low in value


14 April 2022
World Bank Reduces Pakistan’s Growth Forecast To 4.3%

World Bank Reduces Pakistan’s Growth Forecast To 4.3%

In Pakistan, high inflation has pushed the real lending rate briefly into negative territory in 2021. But a series of monetary tightening measures lowered...


11 April 2022
 Russia's War To Shrink Ukraine Economy 45 Per Cent: World Bank

 Russia's War To Shrink Ukraine Economy 45 Per Cent: World Bank

According to a World Bank report, unprecedented financial and export sanctions imposed by Western allies in response to the war are plunging Russia into a deep...


05 April 2022
World Bank, AIIB To Give Rs 7,500 Cr Loan For Guj Govt's Mission School Of Excellence Project

World Bank, AIIB To Give Rs 7,500 Cr Loan For Guj Govt's Mission School Of Excellence Project

The funds will be spent on building 50,000 new classrooms, creating 1.5 lakh smart classrooms, 20,000 new computer labs and 5,000 tinkering labs in 41,000-odd...


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02 April 2022
Joe Biden Nominates 2 Indian Americans To Key Administrative Positions

Joe Biden Nominates 2 Indian Americans To Key Administrative Positions

US President Joe Biden has nominated Vinay Singh as Chief Financial Officer, Department of Housing and Urban Development; while Kalpana Kotagal is the nominee...


24 January 2022
Why Effort To Help Afghanistan Is Falling Short?

Why Effort To Help Afghanistan Is Falling Short?

Life in Afghanistan was precarious before the Taliban takeover in August, with more than half the people surviving on less than $2 a day.


12 January 2022
World Bank Retains India's Economic Growth Forecast At 8.3% For FY 2022

World Bank Retains India's Economic Growth Forecast At 8.3% For FY 2022

India's economy is expected to expand by 8.3 per cent in the fiscal year 2021-22, unchanged from last June's forecast as the recovery is yet to become...


18 November 2021
India Received $87 Billion In Remittances In 2021: World Bank

India Received $87 Billion In Remittances In 2021: World Bank

In India, remittances are projected to grow three per cent in 2022 to $89.6 billion, reflecting a drop in overall migrant stock, as a large proportion of...


16 October 2021
India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

India’s Recent Economic Reforms Hailed In US: Nirmala Sitharaman

The Union Finance Minister Nirmala Sitharaman currently on her US visit said Joe Biden administration and US corporates have hailed India’s recent economic...


15 October 2021
India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

India’s ‘Maitri’ Played Major Role In Global Covid-19 Fight: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said India’s pandemic response has focused on the ‘twin goals of saving both the lives and livelihoods’.


13 October 2021
UN, World Bank, IMF Need Urgent Reforms: FM Sitharaman In US

UN, World Bank, IMF Need Urgent Reforms: FM Sitharaman In US

Speaking at Harvard Kennedy School, Finance Minister Nirmala Sitharaman said that these institutions don't speak for countries with issues unattended for years...


13 October 2021
Union Finance Minister Nirmala Sitharaman To Meet Her US Counterpart Yellen For EFP

Union Finance Minister Nirmala Sitharaman To Meet Her US Counterpart Yellen For EFP

Union Finance Minister Nirmala Sitharaman will meet US Treasury Secretary Janet Yellen on the sidelines of the annual meetings of the IMF and World Bank India...


18 September 2021
EXPLAINER: Why World Bank is under fire over set of rankings

EXPLAINER: Why World Bank is under fire over set of rankings

Many companies and investors around the world use the World Bank’s “Doing Business” report to help decide where to invest money, open manufacturing...


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