World Bank

India to be high-middle income country by 2047: World Bank CEO

India to be high-middle income country by 2047: World Bank CEO

"In the last three decades, India's per capita income has quadrupled. I have no doubt India when it hits its century of independence in 2047," Georgieva said. 

Nov 04, 2017, 19:51 PM IST
India scores perfect 10 in protecting shareholders' rights

India scores perfect 10 in protecting shareholders' rights

India scored 10/10 for protection of shareholders' rights -- as against 4/10 for the US, 5/10 for Australia, 7/10 each for the UK, Singapore and New Zealand.

Nov 02, 2017, 19:23 PM IST

'Streamlining taxation will help India reach top 50 in ease of doing business'

Lauding the government`s efforts in attracting a record $60 billion worth of FDI in a single year, he invited the domestic and global investors to reap dividends by investing in the infrastructure and logistics sector that provide huge scope.

Nov 02, 2017, 17:52 PM IST

More global entities, banks need to join hands with ISA: Finance Minister

ISA is working for deployment of over 1000 GW of solar energy and mobilising more than USD 1 trillion into solar energy by the year 2030.

Nov 02, 2017, 17:45 PM IST
Ease of Doing Business: Working in Delhi more money-making than Mumbai

Ease of Doing Business: Working in Delhi more money-making than Mumbai

The Ease of Doing Business analysis is based on a survey that established a comparision between the earnings and working conditions of 19-year-old cashiers in supermarkets that employ 60 workers across 190 countries.

Nov 02, 2017, 10:50 AM IST

Ease of doing business 'extremely relevant' for investment: EAC

India has received foreign direct investment (FDI) of over USD 170 billion in the last three-and-a-half years.

Nov 01, 2017, 18:45 PM IST
Is it Rahul Gandhi's opinion or his dog's? BJP takes a dig

Is it Rahul Gandhi's opinion or his dog's? BJP takes a dig

The BJP on Wednesday said that Congress vice president knew nothing about India`s economy.

Nov 01, 2017, 17:55 PM IST

Govt to implement 200 reforms to push India into top 50 in WB ranking: DIPP

The Secretary also said the World Bank report has acknowledged that GST (Goods and Services Tax) is a substantial reform and "hopefully it will have a positive impact on the country's ranking next year".

Nov 01, 2017, 17:04 PM IST
Everyone knows the reality of 'ease of doing business': Rahul Gandhi hits out at Arun Jaitley

Everyone knows the reality of 'ease of doing business': Rahul Gandhi hits out at Arun Jaitley

Congress vice president Rahul Gandhi took a jibe at Finance Minister Arun Jaitley a day after the

Nov 01, 2017, 12:38 PM IST

Here's how Modi ministers and BJP leaders reacted to World Bank's 'Ease of Doing Business' report

India for the first time has moved into the top 100 in the World Banks Ease of Doing Business global rankings.

Oct 31, 2017, 23:49 PM IST
Ease of doing business: World Bank's report demonstrates PM Modi's focus on improving lives of citizens, says Amit Shah

Ease of doing business: World Bank's report demonstrates PM Modi's focus on improving lives of citizens, says Amit Shah

India on Tuesday moved into the top hundred in the World Bank's Ease of Doing Business global rankings. 

Oct 31, 2017, 21:28 PM IST

RBI sets up high-level task force to develop public credit registry

"The task force... will submit its report within six months from the date of its constitution, i.e., by April 04, 2018."

Oct 23, 2017, 22:54 PM IST
World praising India for reforms like demonetisation, GST: Jaitley

World praising India for reforms like demonetisation, GST: Jaitley

Union Finance Minister Arun Jaitley on Saturday said that countries across the world are lauding India for having the guts to bring in major structural reforms like demonetisation and Goods and Services Tax (GST).

Oct 15, 2017, 08:21 AM IST
Arun Jaitley makes strong case for reforms in H1-B/L1 visa processes

Arun Jaitley makes strong case for reforms in H1-B/L1 visa processes

The Finance Minister highlighted the structural reforms India has undertaken through a series of bold measures, including the Goods and Service Tax (GST), financial inclusion and action against the shadow economy, the statement said.

Oct 13, 2017, 14:25 PM IST
Aadhaar helped Indian govt save $9 billion: Nandan Nilekani

Aadhaar helped Indian govt save $9 billion: Nandan Nilekani

India is the only country in the world where a billion people can do completely paperless, cashless transactions on their mobile phones using this infrastructure which dramatically reduces costs.

Oct 13, 2017, 12:28 PM IST
Take decisions to make economic recovery sustainable:  Lagarde

Take decisions to make economic recovery sustainable: Lagarde

Last year, 47 countries experienced negative growth on a per capita basis, including many small and fragile economies.

Oct 13, 2017, 08:22 AM IST
Working on plan to rebuild capacity of banking sector: Jaitley

Working on plan to rebuild capacity of banking sector: Jaitley

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.

Oct 12, 2017, 09:55 AM IST
Transparency over note ban would have been instrument of fraud: Arun Jaitley

Transparency over note ban would have been instrument of fraud: Arun Jaitley

Finance Minister Arun Jaitley said that announcing the demonetisation initiative in advance could have resulted in people buying gold, diamond and land and going through various kinds of transactions with the cash they had.

Oct 11, 2017, 13:46 PM IST
Cash disruption, GST uncertainties affected India's economic momentum: World Bank

Cash disruption, GST uncertainties affected India's economic momentum: World Bank

A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia.

Oct 11, 2017, 08:16 AM IST
IMF lowers India's growth forecast over demonetisation, GST

IMF lowers India's growth forecast over demonetisation, GST

It also lowered the country's growth for 2018 to 7.4 per cent, 0.3 percentage points less than its previous two projections in July and April.

Oct 10, 2017, 18:45 PM IST