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World Bank President Ajay Banga has said that the multilateral agency has no role to play beyond a facilitator in the Indus Water Treaty signed between India and Pakistan in 1960 for sharing of waters of Indus, Jhelum, and Chenab. India has suspended the decades-old Indus Water Treaty in the wake of the killing of…
New Delhi: India’s fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to contribute to fiscal consolidation policies of the government. “In India, fiscal deficits are expected to continue shrinking, largely on account of growing tax…
New Delhi: As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday. The January 2025 edition of the World Bank’s Global Economic Prospects…
Last Updated:November 22, 2024, 7:58 PM IST The study is in line with the new National Education Policy (NEP), 2020 that envisages large-scale integration of skills education in schools as a critical agenda Union education minister Dharmendra Pradhan at the event on Friday. (X) Services sector jobs, agriculture, manufacturing, and IT could have large opportunities…
The war has had a relatively small impact on the global economy, the World Bank President said. Washington: World Bank President Ajay Banga said on Tuesday that war damage from Israeli strikes on Gaza is now probably in the $14-20 billion range, and destruction from Israel’s bombing of southern Lebanon will add to that regional…
New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in a key meeting in New Delhi, held discussion with Prof. Nick Stern, a member of the G20 Independent Expert Group on strengthening Multilateral Development Banks (MDBs). The meeting focused on global development issues, particularly the role of MDBs and the importance of climate finance…
New Delhi: The World Bank on Wednesday projected a growth of 5.1 per cent for Nepal in the current 2024-25 fiscal year starting in mid-July, below the Nepali government’s 6 per cent target. Growing tourist arrivals, more hydropower generation and expected growth in paddy production shall contribute more to Nepal’s gross domestic product, the bank…
Only one percent of the US population is of Indian origin. But this one percent has a significant influence in everything from politics to economy. Understand it this way, there are more than 130 Indians in the White House, who run the Biden government. Source link [ad_3]
New Delhi: The World Bank on Tuesday raised the growth forecast for the Indian economy to 7 per cent from an earlier projection of 6.6 per cent in the current fiscal, helped by recovery in the agri sector and pick-up in rural demand. This is in line with projections by the International Monetary Fund (IMF)…
The Indian economy is expected to grow at over six per cent in each of the next three years (File). New Delhi: The World Bank has upgraded India’s growth forecast for FY24/25 to seven per cent from 6.6 per cent, the global financial body said in an India-focused report released Tuesday that also said the…