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IMF cuts India's growth to 6.6 per cent from 7.6 per cent, cites demonetisation as reason

The IMF on Monday cut India's growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the "temporary negative consumption shock"...

Jan 16, 2017 21:16 PM

Rating agency Fitch, World Bank explain impact of demonetisation how it will drag India’s GDP growth estimate by 0.5%

Prime Minister Narendra Modi gets another blow rating agency Fitch, World Bank and former Prime Minister and economist Manmohan Singh, explained the impact of demonetisation and...

Jan 12, 2017 15:36 PM

World Bank says 'adverse effects' of demonetisation will disappear in medium term

In its latest report, the World Bank revised its estimates of India's growth rate in 2016-17 fiscal year from previous projection of 7.6% to seven per cent.

Jan 11, 2017 16:59 PM

Post demonetisation, World Bank decelerates India's growth for 2016-17 to 'still robust' 7 per cent

The World Bank has decelerated India’s growth for 2016-17 fiscal to a “still robust” 7% from its previous estimate of 7.6 due to demonetisation, but asserted that the country...

Jan 11, 2017 13:33 PM

World Bank projects global growth of 2.7 per cent in 2017

The world economy seems to be coming back on the right track as the World Bank on Wednesday projected a global growth of 2.7 per cent in 2017.

Jan 11, 2017 13:11 PM

World Bank holds meet with India on up coming Kishenganga and Ratle project

India asked the World Bank not to rush in to broker a deal on its dispute with Pakistan over Kishenganga and Ratle project, asserting that the differences can be resolved...

Jan 06, 2017 14:06 PM

China pledges to open up economy as investment declines in country

Foreign direct investment in China is estimated to reach 785 billion yuan (now USD 113 billion) in 2016, China’s Ministry of Commerce said Monday, lower than the total of USD...

Dec 30, 2016 20:52 PM

World Bank President gets in touch with Pakistan over Indo-Pak water dispute

The Indus Waters Treaty, signed in 1960, distributed the Indus basin rivers between the two countries, giving India control over the three eastern rivers, the Beas, Ravi and the...

Dec 27, 2016 19:44 PM

Pakistan raises objections as World Bank pauses processes under Indus Water Treaty

India had taken strong exception last month to the World Bank’s decision to set up a Court of Arbitration and appoint a Neutral Expert to go into Pakistan’s complaint against...

Dec 26, 2016 00:30 AM

World Bank approves USD 1.5 billion aid package for war-torn Iraq

World Bank has announced an additional USD 1.5 billion aid package for war-torn Iraq, to help the country carry out reforms, improve public services and boost its economy.

Dec 21, 2016 11:00 AM