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Panneerselvam was accompanied by Principal Finance Secretary S Krishnan, the release said. (Photo: File)

TN: O Panneerselvam meets World Bank officials, discusses funding for projects

Panneerselvam is currently on an official tour of the US.

14 Nov 2019 4:41 PM

Attributing slowdown in the Indian economy to the global environment, World Bank President David Malpass on Saturday suggested that further reforms and innovation will help spur growth in the country. (Photo: Twitter/ PMO)

Reforms, innovation to spur Indian growth: World Bank Chief

Appreciating the government move to cut the corporate tax rate, Malpass said, it should add to more growth.

27 Oct 2019 11:47 AM

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)

Sitharaman promises further GST simplification to help India improve biz ranking

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

24 Oct 2019 4:07 PM

I am confident that this momentum of business reforms will be maintained and India will be among top 50 destinations as was envisioned by our PM, said CII Director General Chandrajit Banerjee. (Photo: Representational Image)

Improvement in ease of doing biz ranking outcome of Modi govt's reforms: India Inc

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

24 Oct 2019 3:18 PM

The country also figured among the top 10 performers on the list for the third time in a row. (Representational Image)

India moves up 14 spots to 63 on World Bank's ease of doing business ranking

New Zealand, Singapore and Hong Kong topped the list this year.

24 Oct 2019 8:13 AM

Now with the inclusion of Kolkata and Bengaluru, Indian ranking in the World Bank's report will present a much better picture, the official said. (Photo: Representational Image)

Kolkata, Bengaluru to be included in World Bank's doing business report

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits among others.

23 Oct 2019 5:22 PM

The prominent Indian-American economist was speaking to reporters ahead of the annual meeting of the IMF and the World Bank. (Photo: File)

Important for India to keep fiscal deficit in check, says IMF chief economist

On the projections in the World Economic Outlook report, Gopinath said appropriate steps have been taken.

16 Oct 2019 9:51 AM

India’s industrial output also shrank at its fastest rate in more than six years in August.

World Bank slashes India's growth forecast to 6 per cent for this fiscal year

Asia’s third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the April-June quarter.

14 Oct 2019 9:15 AM

After a broad-based deceleration in the initial quarters of this fiscal year, India's growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. (Representational Image)

World Bank cuts India's growth rate projection to 6 per cent

According to the World Bank, poverty has continued to decline, albeit possibly at a slower pace than earlier.

13 Oct 2019 10:45 AM

The World Bank has agreed to sanction Rs 3,000 crore for the Ministry of Food Processing to enable it finance mini and mega food parks across the country, said Union Minister Rameswar Teli at an event.

World Bank to sanction Rs 3,000 crore for food parks: Govt

Minor formalities remain to be completed on this front before the first disbursement, MoS for Food Processing Industries said.

13 Sep 2019 5:44 PM

She inherits the helm of an institution buffeted by the rise of populism in advanced economies and escalating trade conflicts — the largest of which has been driven by the United States, the fund's single biggest shareholder. (Photo: File)

Kristalina Georgieva set to become IMF's second woman chief

Georgieva will replace former IMF chief Christine Lagarde, who has been named to lead the European Central Bank.

10 Sep 2019 12:41 PM

In a bid to enhance the job skills of youth, the state council on Tuesday approved the Centre’s scheme — STRIVE (Skill Strengthening for Industrial Value Enhancement), which is backed by the World Bank. (Photo: Pixabay)

Maharashtra gives nod to skill development scheme

The number of admissions to these institutions will be increased, the official further added.

14 Aug 2019 2:34 AM

Banking on success

Anshula Kant has also been instrumental in cleaning the balance sheet of SBI which had a high proportion of bad loans as the economy slowed down.

04 Aug 2019 12:01 AM

The investment was made under the central bank's automatic route in the revamped external commercial borrowings (ECB) framework.

PNB Housing Finance raises USD 100 million from IFC

The RBI has allowed us to borrow ECB up to USD 750 million annually under the automatic route.

29 Jul 2019 10:40 AM

The World Bank had reportedly sought permission to conduct an independent investigation into complaints of irregularities like forced land acquisition. (Photo: AP government)

After World Bank, China-backed bank drops USD 200 million loan for Amaravati

The AIIB and the World Bank were together due to provide more than USD 700 million.

23 Jul 2019 3:31 PM

Earlier, the Bank had dropped the proposal of funding for the Amaravati Sustainable Infrastructure and Institutional Development Project. (Photo: File)

World Bank may fund other projects as 'compensation' for dropping Amaravati deal

The TDP government had invited tenders for infrastructure development even before the World Bank loan details were finalised.

22 Jul 2019 11:42 AM

The decision stirred a political drama with the ruling YSR Congress Party and Telugu Desam Party indulging in a blame game. (Photo: File)

As World Bank pulls out of Amaravati Project; TDP, YSRC trade barbs

YSR Congress leaders held the previous government responsible for World Bank's action.

20 Jul 2019 3:27 PM

The previous Chandrababu Naidu government had claimed that the World Bank agreed 'in principle' to lend USD one billion for Amaravati development. (Photo: PTI)

Jolt to Andhra: World Bank drops plan to lend USD 300 mn Amravati

World Bank officials did not respond to queries on the subject.

19 Jul 2019 8:51 AM

International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday. (Photo:AP)

Christine Lagarde resigns as IMF chief, starting race for her successor

IMF succession is expected to be a major topic of discussion among G7 finance ministers and central bank governors meeting on Wed.

17 Jul 2019 10:27 AM

A World Bank arbitration court has ordered the Pakistani government to pay damages of USD 5.8 billion to Tethyan Copper, a joint venture between Chile’s Antofagasta Plc (ANTO.L) and Canada’s Barrick Gold (ABX.TO), the Chilean miner said late on Friday. (Photo: File)

World Bank court orders Pak to pay USD 5.8 billion to foreign firm over mine closure

The deposit was set to rank among the world’s biggest untapped copper and gold mines.

15 Jul 2019 9:48 AM

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Shashi Warrier