Costly centralised welfare programmes are inefficient tools to reduce inequality in South Asia, the World Bank said on Tuesday, advising governments to transfer the money to local administrations instead.
Fuelled by economic reforms, India is projected to become the world`s fastest growing large economy by 2017 with a growth rate of seven percent, overtaking China along the way, a World Bank report said Tuesday.
The Himachal Pradesh High Court on Wednesday accepted a writ petition on an abnormal delay in completing a World Bank-funded road project in a prominent apple belt here but excluded the petitioner from the case as he was a former BJP minister.
Andhra Pradesh government on Wednesday said the World Bank and Asian Development Bank have offered assistance for rehabilitation of people and construction of infrastructure affected by devastating cyclone 'Hudhud' which hit the north coastal districts of the state in October.
At a time when the central government is mulling a universal health insurance policy for the poor, a study shows that a similar programme in Karnataka to provide health insurance to households below the poverty line has lowered both mortality rates and out-of pocket expenses for beneficiaries.
Moderate faction of Hurriyat Conference led by Mirwaiz Umar Farooq today appealed to?the world community and financial institutions like Islamic Development Bank, Asian Development Bank and World Bank to extend support in rebuilding flood-hit Jammu and Kashmir.