World Bank

9,000 families in slums of Pune, Kolhapur, Thane and Navi Mumbai get independent digital addresses

January 06, 2021 8:39 pm

Plus Codes use latitude and longitude to produce a short, easy-to-share alpha-numeric digital address that can represent any location on Earth.

Govt, World Bank ink $500 million pact to develop highway corridors

December 23, 2020 1:14 am

The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies, the finance ministry said in a statement.

James Wolfensohn, former World Bank president, dies at 86

November 27, 2020 9:52 am

Wolfensohn, born in Australia, worked on Wall Street for many years before taking over as the head of the World Bank, a loan-offering global development organisation, in 1995. He was nominated by then-President Bill Clinton.

World Bank to advise DIPAM on CPSE asset monetisation

November 17, 2020 3:43 am

The government has tasked DIPAM to facilitate monetisation of non-core assets of central public sector enterprises, or CPSEs, under strategic disinvestment of value of Rs 100 crore and above.

World experiencing one of the deepest recessions since Great Depression due to COVID-19: World Bank

October 15, 2020 11:03 am

World Bank President David Malpass told reporters that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries.

AIIB, World Bank-funded project to invest $1.5 bn in India’s Covid fight

October 11, 2020 6:09 am

The “India COVID-19 Emergency Response and Health System Strengthening Project” will involve multiple components that aim to “support the acceleration and scale up of the GOI response” to the virus, a Health Ministry statement said Saturday.

World Bank praises efforts to arrest Covid-19 spread in Mumbai's Dharavi

October 07, 2020 3:23 pm

The first Covid-19 patient in Dharavi was detected on April 1, nearly three weeks after Mumbai recorded its maiden positive case on March 11.

Haryana IAS Rajesh Khullar appointed executive director of World Bank

September 15, 2020 2:06 pm

As executive director, Khullar will represent India, Bangladesh, Bhutan and Sri Lanka in the World Bank.

Covid response: External lenders commit $6.5 billion, five times the Budget estimate

August 31, 2020 9:49 am

Much of this funding is being frontloaded for disbursal in the current year as an emergency response to the impact of the pandemic; some of the loan will likely come in 2021-22, government sources said.

World Bank India Country Director: '4.5% growth rate benchmark should be set for Indian economy for coming years'

August 05, 2020 2:10 am

"My sense is that we are in this for the next two years. It is not about a vaccine coming out by December and things becoming normal by February. It will take some time and growth will come back rationally," said World Bank India Country Director Junaid Ahmad.

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