Tag: world bank

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...

FM will present dressed-up revised estimates for 2020-21 in budget: Congress

Alleging that seven years of the Narendra Modi government have “wrecked” the economy and high growth prospects, the Congress on Thursday said it is afraid...

COVID-19 impact: 8.7 lakh expats returned to Kerala, over half of them due to job loss: Official Data

THIRUVANANTHAPURAM: The COVID-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May...

India’s growth to rebound to 5.4% in FY 22: World Bank

The World Bank estimates India’s growth to recover to 5.4% in FY22, as the rebound from a low base is offset by muted private investment...

Vietnam – the third biggest exporter of rice – buys from India for the first time in decades

MUMBAI | HANOI: Vietnam, the world’s third biggest exporter of rice, has started buying the grain from rival India for the first time in decades...

‘Agriculture laws need reform but not at the expense of small farmers’ | India News

The new farm laws have sparked off a bitter confrontation between farmers’ unions and the Centre. TOI brings you both sides of the debate– Kaushik...

World renews aid for Afghanistan with strings attached

The international community on Tuesday pledged another four years of aid for Afghanistan but tied its money to rights being upheld in stuttering peace talks...

Early Diwali on Dalal Street! But will it sustain till the real event?

The domestic equity market showed exuberance during the week gone by with wide gap-up moves mirroring US markets. The bounce came in as a surprise...

Not just income, use edu & housing to define poverty: Minister | India News

NEW DELHI: The future definition of poverty line cannot be the subsistence level income required by an individual but will have to factor in living...

Bangladesh has not surpassed India on ‘more appropriate’ economic metric: Former CEA

On ‘more appropriate’ economic metric, Bangladesh has not surpassed India and is unlikely to be in future, former chief economic adviser Arvind Subramanian said on...

COVID-19 has resulted in largest global economic contraction in 80 years, say World Bank and IMF

WASHINGTON: The World Bank and the International Monetary Fund said the global economic contraction caused by the ongoing coronavirus pandemic is the largest in the...

Slowdown in remittances could impact consumption demand further: India Ratings

MUMBAI: Recessionary pressures due to the Covid 19 pandemic and falling oil prices in gulf countries which have led to job losses and salary cuts...

Indian economy will recover from coronavirus crisis with right policies: IMF official

WASHINGTON: The Indian economy, severely hit by the coronavirus pandemic, would be well placed to start recovering from the “horrible crisis” with the government making...

Guardians of global economy to meet under cloud of historic recession

The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent...

Small positive growth may not be ruled out in FY21, says Rangarajan

NEW DELHI: A small positive economic growth in 2020-21 may not be ruled out as sectors like agriculture and essential goods and services were fully...

Coronavirus crisis is shattering India’s big and bright dreams

By Jeffrey Gettleman SURAT, India — The hit that India’s dreams have taken from the coronavirus pandemic can be found in the hushed streets of...