World Bank

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
India's transition to GST fairly smooth despite attempts to derail it: Arun Jaitley

India's transition to GST fairly smooth despite attempts to derail it: Arun Jaitley

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.

Oct 10, 2017, 12:42 PM IST
Arun Jaitley headed for US for IMF-World Bank meets

Arun Jaitley headed for US for IMF-World Bank meets

In Boston, Jaitley will take part in a roundtable investment meet on 'Indian Economy - The Road Ahead'. Later, he will deliver a lecture on India's tax reforms at the Harvard University.

Oct 08, 2017, 16:27 PM IST
India calls for new global partnership to boost economic growth

India calls for new global partnership to boost economic growth

The global economic recovery is only progressing slowly and growth is weaker than expected while risks persist, Ashish Sinha, a First Secretary in India`s UN Mission, told the General Assembly committee dealing with economic and financial matters on Thursday.

Oct 06, 2017, 09:45 AM IST

World Bank raises Asia growth forecast, warns of NKorea risk

In its previous forecast in April, the Washington, DC- based lender projected a 6.2 per cent expansion in 2017 and 6.1 per cent for 2018.

Oct 04, 2017, 19:31 PM IST

Urban inequality a growing risk in Asia: World Bank

Half of the region`s population live in cities and rapid urbanisation has helped lift 655 million people out of poverty, the bank said in a new report.

Oct 03, 2017, 17:18 PM IST
World Bank warns of education crisis in India, raises fear of lower wages

World Bank warns of education crisis in India, raises fear of lower wages

India ranks second after Malawi in a list of 12 countries wherein a grade two student could not read a single word of a short text.

Sep 27, 2017, 11:05 AM IST
India growing pretty 'robustly': World Bank chief

India growing pretty 'robustly': World Bank chief

In June, the World Bank predicted a 7.2 percent growth rate for India this year against 6.8 per cent growth in 2016. India remains the fastest growing major economy in the world, the World Bank officials had said.

Sep 21, 2017, 12:21 PM IST
India growing pretty robustly: World Bank chief

India growing pretty robustly: World Bank chief

He said in terms of indebtedness, the bank was watching very carefully the debt-to-GDP ratios of every single country.

Sep 21, 2017, 12:21 PM IST
Indo-Pak talks on Indus Waters Treaty fail to break deadlock: World Bank

Indo-Pak talks on Indus Waters Treaty fail to break deadlock: World Bank

The latest round of talks between India and Pakistan on the Indus Waters Treaty have ended without any agreement, the World Bank has said, while asserting that it will continue to work with complete impartiality to resolve the issues in an amicable manner.

Sep 16, 2017, 14:42 PM IST
Indus Water Treaty: Next round of Indo-Pak talks at World Bank to begin today

Indus Water Treaty: Next round of Indo-Pak talks at World Bank to begin today

Indo-Pak delegation on Indus waters are scheduled to meet on September 14-15 at the World Bank Headquarters in the United States.

Sep 14, 2017, 06:47 AM IST
Economic Survey flags immigration issue for IT-BPM sector

Economic Survey flags immigration issue for IT-BPM sector

The mid-year Survey termed market access, competition from new entrants, job losses and lack of skilled talent and infrastructure as major challenges for the country's IT-BPM sector.

Aug 11, 2017, 18:54 PM IST

Gujarat CM's Principal Secretary is appointed as Executive Director in World Bank

Aparna has been appointed in place of S C Garg, who has recently taken over as Secretary, Department of Economic Affairs, in the Union Finance Ministry.

Aug 06, 2017, 16:26 PM IST

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close