World Bank

Thursday, Apr 18, 2024 | Last Update : 06:04 PM IST

For the fiscal year 2022-2023, the total value of UPI transactions nearly reached 50 per cent of India's nominal GDP. (File Image: PTI)

World Bank Hails India's Digital Public Infrastructure Approach, Cites Rapid Financial Inclusion Progress

India's DPI has not only transformed the public sector

08 Sep 2023 8:38 PM

Sanjaya Baru | Secession of the successful: Their passage out of India

Ajay Banga is the latest addition to the long list of overseas Indians, mostly citizens of their host countries, to have made it big.

06 Mar 2023 12:55 AM

AA Edit | Apt choice to lead World Bank

As a rule, these nominations have been monopolised by persons of White Anglo Saxon descent.

27 Feb 2023 12:55 AM

Sri Lankan university students march during a protest over the country's worst economic crisis in decades in Colombo, Sri Lanka, Sunday, April 24, 2022. Banner in Sinhalese reads, "lower taxes and prices" (AP/Eranga Jayawardena)

Poverty in Sri Lanka to spike this year, warns World Bank

The heightened fiscal and external risks as well as the challenging political situation pose significant uncertainty to the economic outlook

26 Apr 2022 1:32 PM

A member of Sri Lanka's opposition political party National People's Power waves country's national flag as he participates in an anti-government protest rally in Colombo, Sri Lanka. (AP Photo/Eranga Jayawardena)

World Bank ready to provide emergency support to Sri Lanka: Report

The IMF has commended the steps already taken by the Finance Minister to mitigate the present financial situation in Sri Lanka

20 Apr 2022 1:49 PM

Natural gas and coal prices are expected to remain at high levels through the start of 2022, finds the World Bank. (PTI/File Photo)

High energy prices hit industrial production, says World Bank

Industrial production in China and India has been negatively impacted by electricity shortages amidst insufficient electricity availability

25 Oct 2021 7:27 AM

Bank researchers in 2018 released a report on the impact of climate change on migration in South Asia, Latin America and sub-Saharan Africa, and projected 143 million people in those regions could be forced to move by 2050. (PTI)

Climate change could force 216 million from their homes: World Bank

World Bank's vice president for sustainable development said that the data give a 'global estimate' of the scale of potential migration

14 Sep 2021 3:11 AM

Last year, India had raised "serious reservations" over the Human Capital Index, wherein India was ranked 115 out of 157 countries. This year India finds itself at 116th from among 174 countries. (Representational Image: PTI)

India ranks 116 in World Bank's pre-pandemic human capital index

The Index update includes health and education data for 174 countries covering 98 per cent of the world's population up to March 2020

17 Sep 2020 2:46 PM

The World Bank on Monday signed a 750 million dollar agreement with the government for MSME emergency response programme. (AFP Photo)

World Bank, India sign Rs 5,600 crore support to COVID-19 hit MSMEs

The programme will address immediate liquidity and credit needs of nearly 15 lakh viable MSMEs

07 Jul 2020 10:31 AM

An Indian ragpicker collects reusable material from a garbage dump. Coronavirus pandemic could plunge an extra 395 million people into extreme poverty. (AP Photo)

Economic fallout from COVID-19 could push more than billion into ‘extreme poverty’

The outlook for the world’s poorest looks grim unless governments do more and do it quickly, says a UNU report

12 Jun 2020 12:03 PM

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since WWI

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this year

09 Jun 2020 11:06 AM

Asia shares rise on hopes of rapid economic recovery

Global equities have received a boost this week as governments around the world gradually loosened their coronavirus lockdown restrictions

21 May 2020 8:55 AM

World Bank says covid19 to push 60 million into poverty; 160 billion assistance to 100 countries . (AFP Photo)

World Bank estimates 60 million people may fall into extreme poverty due to covid19

The World Bank announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly virus

20 May 2020 1:33 PM

Asian equities rally stalls on lingering economic uncertainty

The World Bank warned the crisis could leave about 60 million in extreme poverty

20 May 2020 9:08 AM

World Bank clears $1 billion for India's fight against coronavirus

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

15 May 2020 12:16 PM

Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic. (PTI Photo)

India's remittances likely to decline by 23% due to coronavirus: World Bank

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis

23 Apr 2020 1:04 PM

Covid19: World Bank approves $1 billion emergency fund for India

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries

03 Apr 2020 9:44 AM

The aid that the World Bank was giving to some of the world’s poorest countries appeared to be going directly into offshore accounts.

World Bank study points to where most foreign aid for the poorest goes

All these caveats notwithstanding, the conclusion of the paper has turned out to be controversial and damning.

28 Feb 2020 2:09 AM

Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019.

World Bank trims 2020 growth forecast amid slow recovery for trade, investment

The World Bank shaved 0.2 percentage point off of growth for both years.

09 Jan 2020 9:53 AM

As per a release issued by the industry chamber, DPIIT Secretary Guruprasad Mohapatra said a district-wise ease of doing business plan is slowly evolving in which the four local bodies will partake in improving the business climate and ease of living, along with the centre and the state government. (Photo: Representational)

DPIIT optimistic of India breaking into top 50 in 'ease of doing biz' ranking soon

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

19 Dec 2019 5:33 PM

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Syed Ata Hasnain

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