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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

Real-time traffic updates through radio on National Highways soon: Nitin Gadkari

During Question Hour, Gadkari said highway radio services would be started on various national highways spread across 13 states.

Feb 09, 2017 18:31 PM

India improves ranking on Transparency International's corruption index

India, China and Brazil with a score of 40 each figured in the 10 key economies in the mid-range. India’s score has improved by two points as in 2015 the country had scored 38.

Jan 25, 2017 22:49 PM

President Mukherjee pitches for ‘stable, lower and acceptable’ interest rates

With strong macros and inflation in check, President Pranab Mukherjee on Friday pitched for “stable, lower and acceptable” interest rate to attract prospective investors to...

Jan 20, 2017 14:57 PM

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