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India should avoid fiscal slippage: World Bank

Last Updated: Thursday, July 03, 2014, 15:35

The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless populism" needs to be checked as India aims to boost growth.

World Bank says trade protectionism starts to level off

Last Updated: Friday, June 27, 2014, 06:17

Barriers to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday.

Make power distribution reforms a top priority: World Bank

Last Updated: Tuesday, June 24, 2014, 14:05

Electricity distribution to the end consumer in India needs reform in order to achieve the target of electricity to all by 2019, says the World Bank.

Climate policies could lift global GDP by $2.6 trillion/year: World Bank

Last Updated: Tuesday, June 24, 2014, 12:27

Global economic output could rise by as much as an additional USD 2.6 trillion a year, or 2.2 percent, by 2030 if government policies improve energy efficiency, waste management and public transport, according to a World Bank report released on Tuesday.

1,000 km of new BRT would save 27,000 lives in India: World Bank

Last Updated: Tuesday, June 24, 2014, 09:22

World Bank president Jim Young Kim has said India can save more than 27,000 lives and create over 128,000 jobs if it builds 1,000 kilometres of new bus rapid transit lanes in the next 20 years.

Indian economy to grow at 5.5% this fiscal: World Bank

Last Updated: Friday, June 20, 2014, 20:29

India`s recent growth has been well below potential, which provides space for economic activity to accelerate without building inflationary pressures.

Roll out GST, reduce subsidies, World Bank advises India

Last Updated: Friday, June 20, 2014, 17:00

Ahead of the Modi-government's first budget, the World Bank on Friday suggested that India should roll out GST, reduce subsidies and broaden tax base to promote growth, projecting it to be lower at 5.5 percent for 2014-15, from the earlier forecast of 5.7 percent.

World Bank, local officials discuss scope for Agra improvement

Last Updated: Thursday, June 19, 2014, 17:00

The development of Agra in general and of tourism facilities in the city in particular was the main agenda of a two-day meeting between representatives of World Bank and local officials here led by Divisional Commissioner Pradeep Bhatnagar.

UP launches Rs 1,603 cr clean water project in 10 districts

Last Updated: Saturday, June 14, 2014, 22:04

The government of Uttar Pradesh today launched a Rs 1,603 crore World Bank-backed project aimed at providing clean water to over 25 lakh people.

Afghan presidential candidate Ashraf Ghani vows urgent action on corruption in Afghanistan

Last Updated: Saturday, June 14, 2014, 02:44

Afghan presidential candidate Ashraf Ghani vowed on Friday to take immediate action to tackle corruption if elected, acknowledging that donors had grown disgruntled over misuse of aid.

Nikkei falls to 1 1/2-week low on World Bank''s lower growth forecast

Last Updated: Thursday, June 12, 2014, 12:07

The Nikkei ended 0.6 percent lower to 14,973.53, the lowest closing level since June 2.

Wall Street ends lower after World Bank cuts forecast

Last Updated: Thursday, June 12, 2014, 10:00

U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank`s reduction of its global growth forecast.