World Bank

'Extreme poverty' to fall below 10% in 2015, says World Bank

The forecast used a new international poverty line of $1.9 a day, an upgrade from the previous line of $1.25 a day, which was set in 2005.

Oct 05, 2015, 08:30 AM IST

Perform or take voluntary retirement, don't sit on files: Nitin Gadkari to babus

In a stern 'perform or take VRS' warning to officials sitting on files, Union Minister Nitin Gadkari on Thursday asked them not to become obstacles in the way of India achieving world class infrastructure.

Oct 01, 2015, 13:55 PM IST

Ban, Modi discuss trust factor, justice in climate change negotiations

Prime Minister Narendra Modi and Secretary-General Ban Ki-Moon held wide-ranging discussions on Friday during which building trust in climate change negotiations emerged as a key factor for achieving the anti-global warming component of the UN sustainable development goals (SDG).

Sep 26, 2015, 10:48 AM IST

Post reforms, world looks differently at India: World Bank President

World Bank President Jim Young Kim has said reforms initiated by Prime Minister Narendra Modi have had a huge impact on the way world looks at India and praised the progress made in 'Swachh Bharat' campaign and 'Clean Ganga' programme.

Sep 26, 2015, 06:14 AM IST

Arun Jaitley makes a pitch for voice reforms in World Bank

Finance Minister Arun Jaitley has underlined the need for voice reforms in the World Bank with a view to according greater say to emerging economies in the activities of the multilateral lending agency.

Sep 25, 2015, 13:32 PM IST

Indian urbanisation 'messy', reforms needed: World Bank

Terming India's urbanisation as "messy and hidden", a World Bank report Thursday called for initiatives at the policy and institutional level to tap the economic potential it offers.

Sep 24, 2015, 14:01 PM IST

World Bank MD Mulyani Indrawati visiting India; to meet FM, RBI Gov

World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati is on a three-day visit to India to explore opportunities for collaboration.

Sep 21, 2015, 21:02 PM IST

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.


Sep 19, 2015, 18:09 PM IST

World Bank warns of more turbulence from Fed tightening

The World Bank warned Tuesday that monetary policy tightening by the Federal Reserve could spur a "perfect storm" of threats to growth and financial stability in developing economies.

Sep 15, 2015, 22:28 PM IST

Gujarat easiest place to do business in India: World Bank

The move would also help in improving India's overall ranking in the global Doing Business Study. India has been placed at 142nd position among 182 nations.

Sep 14, 2015, 21:32 PM IST

Gujarat is best Indian state for business: World Bank

Gujarat was ranked on the top Monday, among states, on the ease of doing business index prepared by the World Bank, while Andhra Pradesh and Jharkhand were placed at the second and third positions, respectively.

Sep 14, 2015, 18:01 PM IST

Widespread job restrictions on Indian women: World Bank

Indian women face widespread restrictions for jobs though things are changing which is reflected in some recent decisions like quota for women on corporate boards of publicly-listed companies, according to a new World Bank report on South Asia's largest economy.

Sep 10, 2015, 08:22 AM IST

Need to focus on smart villages, not smart cities: Azam Khan

Criticising the Smart City project of the NDA government, Uttar Pradesh minister Azam Khan on Tuesday said emphasis should be rather given on developing "smart villages" to reduce migration of people from rural to urban.

Sep 08, 2015, 16:36 PM IST

China's AIIB to offer loans with fewer strings attached: Sources

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

Sep 02, 2015, 08:42 AM IST

IMF, World Bank to hold 2018 annual meetings in Bali

The International Monetary Fund and the World Bank said Tuesday they would hold their 2018 annual meetings on the Indonesian island of Bali.

Sep 01, 2015, 18:58 PM IST

$354-bn forex reserves too small to fight a crisis: Kaushik Basu

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

Aug 26, 2015, 23:02 PM IST

AIIB negotiators endorse ex-Chinese FM as first president

Former Chinese finance minister Jin Liqun has been unanimously endorsed as the official candidate for the AIIB president by the founding member nations, including India, taking another step forward in their bid to create a rival to the World Bank and IMF.

Aug 24, 2015, 23:02 PM IST

Hike in tariff among suggested measures to manage groundwater: Govt

Organisations including the World Bank and the Second Administrative Reform Commission have suggested measures like increasing water tariffs in urban areas for sustainable development and management of groundwater in the country, the Parliament was informed Thursday.

Aug 13, 2015, 22:36 PM IST

World Bank unveils new conditions for loans

The World Bank unveiled Tuesday a set of new social and environmental rules for its 188 member nations to receive financial assistance.

Aug 05, 2015, 17:42 PM IST

'India has potential to become multi-trillion dollar economy'

About 55 percent of India's population is already working in the services sector but the country has to aim to bring this to 80-85 percent of the population.

Jul 29, 2015, 17:55 PM IST