DELHI, FEBRUARY 18: The Government of India, the State Governments of Karnataka and Odisha and the World Bank have signed a $115 million (INR 869 crore) Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme) that will help national and state institutions adopt improved watershed management practices […]
NEW DELHI – India’s Prime Minister Narendra Modi’s $266 billion economic stimulus programme to deal with the fallout from the coronavirus pandemic has been all about liquidity measures, with negligible extra budget spending, according to government officials. The government has announced a variety of steps for small businesses, […]
South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday. India, Bangladesh, Pakistan, Afghanistan and other smaller nations, which have 1.8 billion people and some of […]
Washington, Oct 16 : India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the World Bank said on Tuesday. India is both critical to the success of global development efforts, including eliminating extreme poverty, and as an […]
Washington : India retained its position as the world’s top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said in a report Monday. India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD […]
Washington : A World Bank arbitration panel ruled on Friday that Venezuela must pay US oil giant ConocoPhillips more than 8 billion as compensation for a decade-old expropriation dispute, roughly the same amount as the South American country’s foreign currency reserves. The bank’s ICSID tribunal had ruled in 2013 […]
Respect Ruvimbo Topodzi was 15 and walking home from school in her native Zimbabwe when a 22-year-old man asked her out. She turned him down but it was too late. Her father saw them and assumed they were already together. He told her she had to marry the […]
NEW DELHI : Long known for its bureaucracy, India has made major strides in improving prospects for businesses in the country, the World Bank said in a report on Wednesday. India rose 23 places to 77th in the World Bank’s Ease of Doing Business Index for 2019, up […]
Despite progress in reducing extreme poverty, nearly half the world’s population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday. In a twice-yearly report, the bank took a broader look at poverty to see where […]
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