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India rises to rank 26 from spot 99 in World Bank's power list, says Power Minister Piyush Goyal

In World Bank’s electricity accessibility ranking 2017, India has risen to rank 26 from 99th spot in the year 2014, Power Minister Piyush Goyal has said.

May 14, 2017 20:12 PM

Despite significant 8.9% drop in remittances, India retains top spot among nations: World Bank

Notwithstanding a significant 8.9 per cent drop in remittances to India in 2016, the country retained the top spot among remittances receiving nations, according to a World Bank...

Apr 21, 2017 21:51 PM

Globalisation, free trade a blessing for poor countries: World Bank

The World Bank defended globalisation and free trade, saying they have had a 'huge impact' on poor countries.

Apr 21, 2017 10:28 AM

World Bank announces 57 billion dollar in financing for sub-Saharan Africa

The World Bank has announced 57 billion dollar in financing for sub-Saharan Africa over the next three fiscal years. Of that total, 45 billion dollar will come from the...

Mar 20, 2017 12:20 PM

World Bank indirectly backs harmful South East Asian projects: Report

World Bank investments in commercial financial institutions is indirectly allowing land-grabs, evictions and pollution in Southeast Asia, a watchdog group charged in a report on...

Mar 17, 2017 13:40 PM

World Bank CEO Kristalina Georgieva travels in Mumbai local train, interacts with commuters

World Bank CEO Kristalina Georgieva travelled in a local train on Tuesday and also inspected the operations of the suburban rail system which has been supported by the...

Feb 28, 2017 21:03 PM

Sheikh Hasina’s son accuses World Bank of trying to discredit his mother

Bangladesh Prime Minister Sheikh Hasina’s son on Saturday accused the World Bank of having attempted to “discredit” his mother by levelling graft allegations in awarding...

Feb 11, 2017 23:11 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