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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.

Use forex reserves to curb rupee volatility: Kaushik Basu

Last Updated: Monday, August 19, 2013, 21:30

With the rupee sliding below the 63 mark against US dollar, World Bank Chief Economist Kaushik Basu Monday said the country should use forex reserves to curb volatility in the currency market and not to look to IMF for funds.

Present economic woes not comparable to 1991 situation: Basu

Last Updated: Monday, August 19, 2013, 18:24

India's present economic woes are not comparable to the problems the country faced in 1991, World Bank Chief Economist Kaushik Basu said Monday.

Tough time ahead for India, global economy: Kaushik Basu

Last Updated: Monday, August 19, 2013, 12:11

World Bank chief economist Kaushik Basu has warned that tough times are ahead for India as well as the global economy.

Economy could grow around 6% in 2013: Basu

Last Updated: Friday, January 04, 2013, 17:16

India's economy could expand by around 6 percent in 2013, World Bank Chief Economist Kaushik Basu said on Friday, attributing the current slowdown to global factors.

5-6% inflation will be 'worth it': Kaushik Basu

Last Updated: Wednesday, December 19, 2012, 19:56

Former chief economic advisor and now World Bank chief economist Kaushik Basu Wednesday observed that a 5-6 percent inflation is not "too high" and if it can be kept at that level it would be "worth it".

Basu welcomes state autonomy in FDI in retail

Last Updated: Wednesday, December 19, 2012, 16:29

Strongly advocating FDI in multi-brand retail in India, World Bank Chief Economist Kaushik Basu today welcomed the decision to allow states to take a call on it.

Kaushik Basu welcomes state autonomy in FDI in retail

Last Updated: Wednesday, December 19, 2012, 16:26

Strongly advocating FDI in multi-brand retail in India, World Bank Chief Economist Kaushik Basu on Wednesday welcomed the decision to allow states to take a call on it.

Direct cash transfer won't push up inflation: Kaushik Basu

Last Updated: Wednesday, December 19, 2012, 16:18

World Bank chief economist Kaushik Basu Wednesday said the central government's direct cash transfer scheme would not have "any net effect" on inflation and that the scheme should be "indexed" to adjust with inflation.

Global economy to face rough time for 2 yrs: Basu

Last Updated: Saturday, December 15, 2012, 21:19

Basu said some countries have done well in investing in infrastructure which India failed to do.

India will see another "harsh" year in 2013: Basu

Last Updated: Friday, December 14, 2012, 22:34

"Next year will also be very harsh (for India)...The European situation will remain very difficult up to end of 2014 and may be to the beginning of 2015.

India could revert to 8.5-9% growth in two years: Kaushik Basu

Last Updated: Tuesday, November 06, 2012, 21:59

India's growth rate is likely to revert to the pre-global crisis level of 8.5-9 percent after two years, World Bank Chief Economist Kaushik Basu said Tuesday.