India to get $115 million World Bank loan for REWARD project
World Bank will grant a $115 million (Rs 869 crore) loan to India for Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme), Ministry of Finance said Friday.
COVID-19 variants, rising debt, threaten global economic growth: World Bank
New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.
New Delhi/IBNS: Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal has termed the Insolvency and Bankruptcy Code (IBC), 2016 as a “gamechanger reform” that has been the most successful law in insolvency resolution in the country.
World Bank to discontinue doing business reports
Washington/IBN: The World Bank has decided to discontinue 'Doing Business' reports after data irregularities were found in the 2018 and 2020 reports.
India will remain second-fastest growing economy; expected to grow at 8.3%
The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April estimate by almost 2 per cent.
Jammu and Kashmir: World Bank funds Jhelum Tawi Flood Recovery Project
Srinagar: Principal Secretary Industries & Commerce (I&C), Ranjan Prakash Thakur along with Union Joint Secretary Ministry of Agriculture, Shubha Thakur today visited Silk and Wool units of Jammu Kashmir Industries Limited, Rajbagh and Bemina and took stock of the ongoing works being undertaken at these units under the World Bank funded Jhelum Tawi Flood Recovery Project (JTFRP).
World Bank push to revive silk industry of Jammu and Kashmir
Srinagar: To boost silk production in Jammu and Kashmir, the World Bank-funded Jhelum Tawi Flood Recovery Project (JTFRP) has spent over Rs 12 crore to infuse new lease of life in the sick silk factory in Srinagar.
World Bank expects global economy to expand by 4% in 2021
New York: The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.
World Bank signs $105 million project to improve waterways in West Bengal
New Delhi: The Government of India, the Government of West Bengal and the World Bank today signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal.
World Bank signs USD500 million project to develop green, resilient and safe highways in India
New Delhi: The Government of India and the World Bank on Tuesday signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.
WB-funded project to revamp vital infrastructure in Jammu
Srinagar: Jammu and Kashmir Economic Reconstruction Agency (JKERA), under World Bank-funded Jhelum Tawi Flood Reconstruction Project (JTFRP), is all set to revamp the roads and bridges infrastructure with an estimated cost of Rs 58.01 million USD, across winter capital in Jammu region.
Pakistan's economy likely to perform worse than previous estimates: World Bank
Islamabad/UNI: Pakistan’s economy would actually perform even worse than what previous estimates had warned about, the World Bank, citing the Covid-19 fallout, forecast on Monday.
Coronavirus: World Bank confirms deepest recession since World War Two
New York/IBNS: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.
World Bank ranks India 63rd on the ease of Doing Business Index
New Delhi: India has been ranked 63rd on the index of ease of Doing Business 2020 compiled by the World Bank, after climbing 14 positions.
World Bank slashes India's growth forecast to 6 percent
New Delhi: The World Bank on Sunday reduced the growth forecast for India in the current fiscal year to 6 percent.