Page 35 - World Bank

Implement reforms in key areas to reverse slowdown: World Bank to India

The fiscal deficit of the Central government is likely to increase to 6.6 per cent of GDP in FY20/21 and is expected to remain elevated at 5.5 per cent in the following year, says the report

Govt constructing dewatering pump stations under World Bank scheme in J&K

In a bid to prevent flooding in low-lying areas, the government along with the Jammu and Kashmir Economic Reconstruction Agency has started a project to upgrade 49 hi-tech dewatering pump stations

World Bank arm invests $10 mn in venture capital firm Endiya Partners

Funding helps Endiya portfolio companies with financial and strategic support

IWT: World Bank says can't appoint neutral expert or Court of Arbitration

WB has expressed its inability to take an independent decision on the appointment of a neutral expert or a Court of Arbitration for the settlement of Indus water dispute between India and Pakistan

Novavax signs Covid-19 vaccine supply deal with India's Serum Institute

The Indian drugmaker will have exclusive rights for the vaccine in India during the term of the deal

Bangladesh gets $202 mn more from World Bank for food security project

Bangladesh has an impressive track record for growth and development, aspiring to be a middle-income country by its 50th birthday

Modi's Swachh Bharat man, Param Iyer calls it a day as sanitation secy

Iyer was given a year's extension to take on the task of providing drinking water to all households by 2024 in February this year.

Tug-of-war over a $500-mn World Bank loan to transform school education

World Bank says loan will boost public-service delivery without enabling privatisation; experts against handing over primary education to non-state entities, find project goals dissonant

Life & death questions in the Covid pandemic

Economic revival in both rich and poor states is key to preventing more deaths

Reducing debt will end poverty trap for poor nations: World Bank chief

Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems

Priorities for the Covid-19 economy

The most urgent policy priorities have been obvious since the beginning, but they will require a show of political will

Public works: Lessons from history

To generate employment and demand, India needs large scale labour-intensive infrastructure projects

World Bank approves US $500 mn budgetary support for Pak to tackle Covid-19

World Bank has approved US $500 mn in budgetary support for Pakistan to address the immediate impacts of the Covid-19 pandemic, achieve macroeconomic stability and support reforms, local media said.

World Bank grants India $750 mn emergency funding to help small businesses

Some 1.5 million businesses in MSME sector will get liquidity and jobs will be saved as a result, says World Bank.

World Bank enhances support for Namami Gange project, sanctions $400 mn

The assistance will help strengthen the management of the river basin which is home to more than 500 million people, the World Bank said in a statement

World Bank clears $500 mn loan to improve quality of education system

The World Bank on Sunday said its Board of Executive Directors had approved $500 mn (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

World Coronavirus Dispatch: US states see 'disturbing surge' in infections

World Bank okays $1 bn aid for Congo, UK lockdown to lift in July, surge in Covid-related medical waste and other other global news on the impact of the pandemic

Which economic stimulus works?

Much of the money that households and businesses receive in the form of stimulus checks will probably sit idle in their bank accounts

Market Ahead, June 9: All you need to know before the opening bell

World Bank yesterday forecast a 3.2 per cent contraction in India's economy in FY21 because of the Covid-induced lockdown. It had earlier predicted 1.5-2.8 per cent growth