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World Bank introduces innovative $100 million plastic waste reduction-linked bond to tackle plastic pollution

World Bank introduces innovative $100 million plastic waste reduction-linked bond to tackle plastic pollution

Thu, Jan 25, 2024

Citi served as the Lead Manager for this pioneering outcome bond, mobilizing private capital to support projects with positive climate and development impacts.

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

World Bank raises GBP 1.5 billion in 5-year sustainable development bond

Fri, Jan 05, 2024

Jorge Familiar, Vice President and Treasurer of the World Bank, expressed satisfaction with the strong start to the new year. Familiar emphasized the diverse range of currencies and tenors in bonds supporting the World Bank's sustainable development mandate.

SBI signs $165 million LoC with World Bank for rooftop solar projects

SBI signs $165 million LoC with World Bank for rooftop solar projects

Fri, Dec 22, 2023

The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.

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Shimla, Greater Shimla alert! Here is a good news

Shimla, Greater Shimla alert! Here is a good news

Fri, Feb 15, 2019

"Growing urbanization and heavy tourist load in summer months places huge demands on the water supply infrastructure and sanitation facilities in the city of Shimla," said Sameer Kumar Khare, Additional Secretary in the Ministry of Finance.

India likely to gain $11bn in exports from US-China trade war: UNCTAD

India likely to gain $11bn in exports from US-China trade war: UNCTAD

Thu, Feb 14, 2019

As Trump announced a series of tariffs on imports totaling $250 billion from China last year, Beijing retaliated with tariffs on imports worth $110 billion from the US.

India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

Wed, Jan 09, 2019

In 2018, the Chinese economy is estimated to have grown by 6.5 per cent as against India's 7.3 per cent. In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.

World Bank President Jim Yong Kim resigns three years before end of his term

World Bank President Jim Yong Kim resigns three years before end of his term

Tue, Jan 08, 2019

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021, reports CNN.

India lost 4% of GDP from power distortions in 2016: World Bank

India lost 4% of GDP from power distortions in 2016: World Bank

Thu, Dec 20, 2018

India lost a staggering $86.1 billion, equivalent to over 4 per cent of its GDP, owing to distortions in the power sector in 2016, says a World Bank report released on Wednesday.

World Bank praises India's renewable energy success

World Bank praises India's renewable energy success

Tue, Dec 11, 2018

The World Bank on Monday praised India`s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled -- from 17 to 59 -- in the eight years till 2017.

India expected to receive total remittance of $80 billion in 2018

India expected to receive total remittance of $80 billion in 2018

Sun, Dec 09, 2018

India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank`s Migration and Development Brief, released on Saturday.

Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018

Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018

Sat, Dec 08, 2018

India will continue to remain top recipient of remittance in 2018 as its people send as much as US $80 billion (Rs. 571000 crore approx) to their families living in the country as per the latest edition of the World Bank's Migration and Development Brief report released on Saturday.

Pak-India trade much below full potential of $37 billion: World Bank

Pak-India trade much below full potential of $37 billion: World Bank

Thu, Dec 06, 2018

The current level of trade between Pakistan and India is valued at a little over $2 billion, but it could be as high as $37 billion if both neighbours agree to tear down artificial barriers, the World Bank said in a report.

PM Modi sets massive target for India to crash into global top 50 club

PM Modi sets massive target for India to crash into global top 50 club

Mon, Nov 19, 2018

Prime Minister Narendra Modi Monday set an ambitious target of India breaking into top 50 nations on the World Bank's ease of doing business ranking and said efforts are on to nearly double the size of country's economy to USD 5 trillion.

This 4-pronged Modi govt strategy to power India into top 50 in Ease of Doing Business ranking?

This 4-pronged Modi govt strategy to power India into top 50 in Ease of Doing Business ranking?

Thu, Nov 01, 2018

According to the World bank's doing business report 2019 based on 10 parameters, India climbed 23 points to 77th place. However, India's position declined on four parameters -- protecting minority rights (7), paying taxes (121), registering property (166), and resolving insolvency (108) -- compared to the last year.

India a 'tariff king'? World Bank official destroys Donald Trump over taunt

India a 'tariff king'? World Bank official destroys Donald Trump over taunt

Wed, Oct 31, 2018

The World Bank does not agree with US President Donald Trump's claim that India is a "tariff king" and feels that the Indian taxation system and economy is much more liberalised than it was a few decades ago, a top official of the international financial institution said Wednesday.

World Bank Ease of Doing Business ranking: India rockets 23 places to 77th spot; Ludhiana, Hyderabad, Bhubaneshwar best places for business, Mumbai at 10th

World Bank Ease of Doing Business ranking: India rockets 23 places to 77th spot; Ludhiana, Hyderabad, Bhubaneshwar best places for business, Mumbai at 10th

Wed, Oct 31, 2018

Jump in India's World Bank Ease of Doing Business ranking comes as a good news for Prime Minister Narendra Modi government ahead of General Election 2019.

Big boost for Modinomics! India ranks 77 in World Bank Ease of Doing Business 2018 report

Big boost for Modinomics! India ranks 77 in World Bank Ease of Doing Business 2018 report

Wed, Oct 31, 2018

World Bank Ease of Doing Business 2018 report: In the World Bank's latest Doing Business Report (DBR, 2019), India has recorded a jump of 23 positions against its rank of 100 in 2017.

World Bank to reveal ‘Ease of Doing business’ ranking today; where will India stand?

World Bank to reveal ‘Ease of Doing business’ ranking today; where will India stand?

Wed, Oct 31, 2018

In the World Bank Ease of Doing Business ranking, India cracked the top 100th list for the first time last year. This was one of the bigger achievement of Prime Minister Narendra Modi.

Big boost for Modi govt? On World Bank ease of doing business index, Prabhu hints India's rank improved

Big boost for Modi govt? On World Bank ease of doing business index, Prabhu hints India's rank improved

Wed, Oct 31, 2018

The World bank ranks countries based on 10 parameters, including starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts, and resolving insolvency.

India rejects World Bank's Human Capital Index (HCI) report over data gaps

India rejects World Bank's Human Capital Index (HCI) report over data gaps

Fri, Oct 12, 2018

The Central government on Thursday rejected the findings of the World Bank`s Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various parameters, such as survivability measured by under-five mortality rate.

Growth in India firming up, projected to accelerate further, says World Bank

Growth in India firming up, projected to accelerate further, says World Bank

Sun, Oct 07, 2018

Growth in India is firming up and projected to accelerate to 7.3 per cent in the 2018-19 fiscal and 7.5 per cent in the next two years, the World Bank said Sunday.

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

Sun, Sep 30, 2018

On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.

This is what happens when women are paid less than men

This is what happens when women are paid less than men

Thu, Aug 02, 2018

Experts say women professionals should get more assertive and refrain from under-selling their talent in front of HR managers. “Like men, women should lay out their job strengths and demand adequate increments and hikes,” say, experts, adding that networking and maintaining a stream of contacts who can help with future job opportunities is equally essential.

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