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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.

WB forecasts disappointing growth for developing countries

Last Updated: Wednesday, June 11, 2014, 11:07

Developing countries are headed for a year of disappointing growth, the World Bank said in its Global Economic Prospects (GEP) report, which has lowered its forecasts for developing countries to 4.8 percent growth rate this year from the January estimate of 5.3 percent.

India set to grow at 5.5% in FY15: World Bank

Last Updated: Wednesday, June 11, 2014, 10:14

The World Bank projected India`s growth at 5.5 percent in fiscal 2014-15, accelerating to 6.3 percent in 2015-16 and 6.6 percent in 2016-17 as it urged developing countries to double down on domestic reforms.

British fund to boost science research in developing world

Last Updated: Thursday, April 24, 2014, 19:19

In a major boost to science and technology research in developing countries, including India, the British government has launched a five-year, $630 million fund to support science and innovation partnerships with researchers that will focus on economic development.

New solar lamp for developing countries like India

Last Updated: Monday, April 21, 2014, 16:39

A Swiss start-up has developed a new solar lamp that is more effective, safer and less expensive than the traditional oil lamp used by more than one billion people in the world, including in India.

India 5th largest exporter of black money between 2002-11: Report

Last Updated: Thursday, December 12, 2013, 13:31

India ranked fifth largest exporter of black money between 2002-2011, with a total of USD 343.04 billion, and in 2011 it was placed third when USD 84.93 billion was sent abroad, according to a new report.

Amount of dirty money leaving developing world jumped 14% in 2011: Report

Last Updated: Thursday, December 12, 2013, 13:11

Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found.

Sudden setback to WTO as Latin American nations reject package

Last Updated: Saturday, December 07, 2013, 09:05

In a sudden turn of events, four Latin American countries including Cuba and Bolivia have rejected the WTO's Bali package, a setback to the draft agreement which was to be ratified by the WTO members.

WTO's trade facilitation pact to reduce cost, boost industry

Last Updated: Saturday, December 07, 2013, 09:03

The trade facilitation, which was agreed by the World Trade Organisation (WTO) members after four days of hectic negotiations, will help developing countries including India to reduce transaction cost and improve competitiveness of domestic industry.

Experts develop new soil testing gear for developing countries

Last Updated: Friday, October 18, 2013, 00:28

Scientists from the University of Maryland and Columbia University have designed a new soil testing kit for the benefit of the farmers in developing countries.

India calls for timely reform of global financial institutions

Last Updated: Thursday, October 17, 2013, 14:09

India has called for timely reform of global financial institutions, saying it will give "real voice" and participation to developing countries.

Remittances to help balance capital outflows: World Bank

Last Updated: Thursday, October 03, 2013, 10:03

Remittances to developing countries should swell 6.3 percent this year to USD 414 billion, flowing from workers abroad to their home countries and helping to offset volatile capital outflows, according to World Bank forecasts released on Wednesday.