Tag: world bank

India’s inflation situation ‘very alarming’; needs better curation of policy between RBI, FinMin: Kaushik Basu

India’s wholesale price-based inflation is at a 30-year high, leading to a “very alarming” situation for the country, former World Bank chief economist Kaushik Basu...

Pakistan parliament passes FATF-related bill

Pakistan’s parliament has passed a bill for providing legal assistance in international criminal matters as part of efforts to fulfil the conditions set by the...

Uzbekistan balances India-backed & Pak-backed connectivity routes

India will pitch for sustainable, secure, transparent and viable connectivity route between landlocked Central Asia and the wider Indian Ocean Region (IOR) through Chabahar Port...

Centre may introduce annual service-based ratings for power utilities

The Centre would introduce an annual service-oriented rating programme for power utilities that would be ranked on metrics such as duration and quality of electricity...

G20 warns of risk to global recovery from virus variants

The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of...

Kerala gets 14% more NRI deposits at Rs 2.27 lakh crore in 2020

Bank deposits by non-resident Keralites rose 14 per cent to Rs 2.27 lakh crore in the pandemic-hit 2020, proving wrong the prediction that the state...

View: The new barometer of India’s economy fails to reflect the deprivations of poor households

India’s statistical system is in bad shape. One aspect of this is the paucity of national household surveys. The National Sample Survey’s (NSO) latest consumption...

We can sustainably end the pandemic with 7.2 billion vaccine courses a year: Chicago Booth’s Eric Budish

Eric Budish teaches economics at Chicago University’s Booth School of Business. Speaking to Srijana Mitra Das, Budish discusses the costs and benefits of building swift...

America warning sinks Pacific undersea cable project

A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded US warnings that participation of...

Assam’s transport department records Rs 105.87 crore revenue collection

Assam’s Transport department has recorded Rs. 105.87 crore as revenue collection for 2021-22 (up to June 10, 2021). Assam’s Transport Minister Chandra Mohan Patowary reviewed...

BRICS seeks UN, WTO, WHO, World Bank, IMF reforms on 6 principles

Brazil Russia India China South Africa (BRICS) agreed to support the issue of TRIPS waiver for Covid-19 vaccines and, in this context, for the first...

World leaders call for action, inclusion at Seoul climate summit

World leaders on Sunday called for more action and inclusion of all countries in the global drive towards a cleaner and greener planet at a...

243 cases every minute: India’s Covid ‘tsunami’ in 10 grim charts

(This story originally appeared in on Apr 24, 2021) NEW DELHI: India’s catastrophic Covid crisis is deepening by the day with the country consistently reporting...

Brokerages downgrade India’s GDP growth projections for FY’22 amid resurgence of Covid cases

With the resurgence of COVID-19 cases posing risks to economic recovery, leading brokerages have downgraded India‘s GDP growth projections for the current fiscal year to...

India opposes vaccine nationalism; calls for greater support to joint proposal with S Africa

India on Friday vehemently opposed ‘vaccine nationalism’ – or the attempts by some developed countries to hoard vaccines and not sharing them or the related...

IMF projects India’s growth rate to jump to impressive 12.5 per cent in 2021

The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy...

India blessed to have a major manufacturer of global vaccines: World Bank President on SII | India News

WASHINGTON: World Bank President David Malpass has said that with the Serum Institute, India is blessed to have a major manufacturer of global vaccines and...

US Treasury Secretary Janet Yellen calls for minimum global corporate income tax

US Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might...

World economy risks ‘dangerously diverging’ even as growth booms

The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it...

65% low, lower-middle income countries slashed education budgets after Covid-19 outbreak: Report | India News

NEW DELHI: Education budgets were cut by 65 per cent of low and lower-middle income countries after the onset of the Covid-19 pandemic while only...

Seamless connectivity imperative for recovery from pandemic in South Asian’s BBIN sub-region

As countries of the BBIN sub-region – Bangladesh, Bhutan, India, Nepal – adapt to Covid-19 shocks, infrastructure investments, institutional and digital trade facilitation measures that...

China celebrates official end of extreme poverty, lauds President Xi

The ruling Communist Party is celebrating the official end of extreme poverty in China with a propaganda campaign that praises President Xi Jinping‘s role, part...

Pakistan unlikely to exit ‘grey list’ as FATF meets to decide its fate: Report

Pakistan is unlikely to exit the ‘grey list‘ of the FATF as some European countries have taken the stand that Islamabad has not fully implemented...

West Assam Milk Producers’ Cooperative Union Ltd made foray in Cattle Feed supplements segment

Guwahati: West Assam Milk Producers’ Cooperative Union Ltd. (WAMUL), popularly known as Purabi Dairy made foray in Cattle Feed supplements to augment its drive towards...

View: Nirmala Sitharaman has reset the budget lexicon and inked her legacy

Ahead of the presentation of the Union budget, Finance Minister Nirmala Sitharaman threw down the gauntlet as it were. The FM audaciously claimed her next...