World Bank

World Bank extends $150m loan for Punjab

September 21, 2022 7:56 am

The World Bank, in a statement said it would support Punjab's efforts to strengthen the institutional capabilities of various government departments, manage fiscal risks and make informed policy choices to support sustainable growth.

World Bank extends $150 million loan for Punjab

September 21, 2022 12:54 am

The World Bank, in a statement said it would support Punjab's efforts to strengthen the institutional capabilities of various government departments, manage fiscal risks and make informed policy choices to support sustainable growth.

Centre and World Bank looking to spur lending for electric vehicles

September 20, 2022 6:37 pm

The risk instrument will help banks hedge against loan defaults and cut the cost of financing EVs, India’s G20 sherpa Amitabh Kant said at the sidelines of an industry event in New Delhi.

Global recession looms amid broadest rate hikes in five decades, World Bank says

September 16, 2022 5:47 pm

The World Bank study estimates 2023 global gross domestic product growth to slow to 0.5%, and contract 0.4% in per capita terms that would meet the technical definition of a global recession.

August 27, 1982, Forty Years Ago: World Bank’s Report

August 26, 2022 11:42 pm

India’s investment programme will rely more on external resources in the eighties than in the seventies because of the likelihood of persistent current account deficits in the coming years, according to the World Bank’s annual report.

India gets $1.75 billion World Bank loan for health, private investment

July 01, 2022 6:53 pm

Part of the funds will be used to improve public healthcare infrastructure across the country through the PM Ayushman Bharat Scheme; the other part is a Development Policy Loan to the union government to support financial reforms.

World Bank approves USD 562 million funding for 3 projects in India

June 24, 2022 2:09 pm

The project will help microenterprises access working capital by connecting them with government schemes that provide financial support to farmers such as the Kisan Credit Card and the Micro Units Development and Refinance Agency Limited (MUDRA).

Hyper-nationalism a risk in India: Prof Kaushik Basu

June 17, 2022 12:02 am

A Carl Marks Professor of International Studies, Cornell University, USA, and chief economist of World Bank (2012-16), the Padma Bhushan award winner was at Ahmedabad Management Association (AMA) to deliver the eighth Pravin Visaria Memorial Public Lecture.

NSS, CMIE are surveys not comparable. Studies should not relate them

June 13, 2022 9:25 am

The measurement of poverty at the national level does not serve any policy purpose. One has to go down to the state, district, block and village level to identify pockets of poverty to develop and deliver special programmes needed in each case.

World Bank cuts India's economic growth forecast to 7.5 pc for FY23

June 08, 2022 6:57 am

In March, Fitch had cut India's growth forecast to 8.5 per cent, from 10.3 per cent, while IMF has lowered the projection to 8.2 per cent from 9 per cent.

Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?

June 22, 2020 6:05 pm

Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.

World Bank to aid Rajasthan's energy sector

February 22, 2016 2:47 pm

Jaipur, Feb 22 (ANI): The World Bank would be extending its cooperation to the Rajasthan government in the area of energy sector. World Bank Country Director Onno Ruhl spoke to Rajasthan Chief Minister Vasundhara Raje and her cabinet ministers to discuss these issues in detail. Ruhl congratulated Raje on the success of decreasing the rate of defecation in the open. He also stressed on the use of traditional forms of energy while maintaining that the focus was on alternative forms of energy. Chief Secretary C S Rajan, Principal Secretary (Energy) Sanjay Malhotra, State Power Distribution Companies Chairman Bhaskar A Sawant, Organising Secretary Akhil Arora and World Bank Special Project Manager Mandakini Pal were present on the occasion.

India has the same per capita income as Nigeria, Ghana and Kenya: Onno Ruhl

June 23, 2015 10:08 am