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Rupee
BOON FOR FOREIGN INVESTOR
By Shivaji Sarkar
New Delhi, June 20 : India’s economy has few friends, many disguised pals and innumerable enemies. Wherein we need to understand whether World Bank prescribed diagnosis of seeking foreign investment...
New Delhi, June 20 The World Bank offered a $216 million loan for upgrading state highways and road safety in Kerala.
A tripartite agreement between the World Bank, the Indian government and Kerala was signed here in this regard.
“The objective of...
Washington, June 13 Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively, according to a newly released World Bank report.
GDP growth in South Asia as...
New Delhi, May 24 The Cabinet Committee on Economic Affairs approved a proposal for the implementation of National AIDS Control Support Project (NACSP) under the National AIDS Control Programme (NACP) at an outlay of Rs.2,550 crore, an official statement...
New Delhi, April 18, 2013 The World Bank today launched a South-South-North Knowledge Exchange (SSNKE) facility at the 4th Clean Energy Ministerial (CEM) meeting in New Delhi. The Facility will enable exchange of ideas and experiences in clean energy...
New Delhi, March 14 The World Bank will provide $3-5 billion annual assistance to India over the next four years to help eradicate poverty and improve healthcare mainly in the low-income states, World Bank Group president Jim Yong Kim said.
Addressing...
Washington, Dec 19 The World Bank said that the financial head of Societe Generale will join the bank as managing director for finance and chief financial officer.
The Washington-based global lender announced in a statement the appointment of Bertrand...
New Delhi, Nov 21 Remittances to India this year are likely to increase to $70 billion, the highest in the world, followed by $66 billion to China, the World Bank said in a report Wednesday.
The sharp increase in remittances to India has come from the...
New Delhi, Oct 5 The World Bank has offered a $500 million loan to support secondary education in India.
The loan will be used to finance Rashtriya Madhyamik Shiksha Abhiyan (RMSA), a government initiative to promote secondary education in the country.
Prabodh...
Pension & Social Security
TIME FOR ‘INCLUSIVE AGEING’
By Shivaji Sarkar
New Delhi, Oct 04 : If only three top international agencies thought alike, life would be far better, particularly for the elderly. Sadly, this is not the case. On the one...
Shimla, Sep 29 The World Bank has approved additional tranche financing of $37 million for the ongoing Mid Himalayan Watershed Development Project in Himachal Pradesh to build sustainable watershed treatment models, an official statement said.
The original...
Lucknow, Sep 28 A high-level team from the World Bank Thursday visited the Uttar Pradesh capital and took stock of the modernisation process of Lower Ganga Canal irrigation project, which is being financed by it, official said.
At the meeting, state...
Nairobi, Sep 27 The World Bank has opened a climate innovation centre (CIC), a new business hub for African climate technology entrepreneurs. It is expected to unleash the country’s green business potential, Xinhua reported.
The centre will boost...
Dhaka, Sep 22 The World Bank plans to restart negotiations on a $1.2 billion loan to Bangladesh for building a bridge over the Padma river.
Friday’s announcement comes after the government introduced a slew of measures to address the lender’s...
Jakarta, June 30 The World bank (WB) has allocated $52.6 billion of assistance fund for developing countries in the fiscal year of 2012, a statement released by it said Saturday.
The assistance fund would be materialized in loans, grants and assurance...
Washington, June 27 The Confederation of Indian Industry (CII) and the World Bank Group have agreed to establish the India Wildlife Business Council (IWBC) to promote tiger and biodiversity conservation for sustainable development.
A memorandum of understanding...
Dwindling Economy
PRESIDENT POLL ADDS TO WOES
By Shivaji Sarkar
New Delhi, June 21 : As the nation gets busy electing a new President, the economic scenario continues to be grave. Industrial production index rises by 0.1 per cent, power generation dips,...
Lucknow, June 6 The World Bank will give $152 million for the Uttar Pradesh Health Systems Strengthening Project, officials said.
The ambitious project is meant to help improve the healthcare system and run it efficiently in the sprawling state.
An...
Shimla, May 21 The World Bank has agreed in principle to provide additional funding of $37 million (Rs.231.25 crore) for a watershed project in Himachal Pradesh, Chief Minister Prem Kumar Dhumal said.
The additional funding proposal has been provided...
Washington, May 10 The World Bank has urged countries to pursue green growth which can be inclusive, efficient, affordable and above all necessary to sustain economic expansion in years ahead.
Rachel Kyte, World Bank vice president for sustainable development,...
