World Bank

Punjab cabinet focuses on dam management ahead of Panchayat Elections

09 Oct 2024

The Punjab government convened a cabinet meeting today in Chandigarh, just ahead of the upcoming panchayat elections. This meeting marked a significant occasion as it was the first since the recent reshuffle of five ministers, highlighting the government’s renewed focus on addressing pressing issues in the state. Originally scheduled to...

India Losing Manufacturing Edge To Rivals like Bangladesh, Vietnam: World Bank

03 Sep 2024

India’s share in global trade has not kept up with its rapidly growing economy, causing the country to lose its competitive edge in manufacturing exports to smaller rivals like Bangladesh and Vietnam, according to a new report from the World Bank. The report highlights concerns over India's declining trade in...

World Bank Revises India’s FY25 Growth Rate To 7% From 6.6%

03 Sep 2024

The World Bank has increased its growth forecast to 7% for the financial year 2024-25, up from the previous estimate of 6.6%. This adjustment underscores India's robust economic performance, having been the fastest-growing major economy in FY24 with an impressive growth rate of 8.2%. "India was the fastest growing economy...

Revanth Reddy And Ajay Banga Agree On Roadmap For Collaborative Projects

08 Aug 2024

During his visit to the United States, Telangana Chief Minister A Revanth Reddy and World Bank President Ajay Banga held discussions and agreed to create a roadmap for collaboration on various projects, according to a release from the Chief Minister's Office (CMO) on Wednesday. The release noted that potential partnership...

India Continues To Remain Top Recipient Of Remittances, Crosses 0 Billion Mark

India Continues To Remain Top Recipient Of Remittances, Crosses $100 Billion Mark

26 Jun 2024

In the field of Remittance, India continues to stay at the top, as in the fiscal year 2023-24, the indian diaspora has sent around $107 billion in remittances. Thus, crossing the $100 billion mark for the second financial year consecutively. According to ET report, the net remittances are now double...

World Bank: Waste management a significant challenge for India and World

31 Oct 2023

One of the biggest sustainability challenges facing the world, not just India, is waste management. A recent Commodity Markets Outlook from the World Bank clarifies the urgent problem of waste generation and its extensive effects on the environment, the economy, and society. Cities throughout the world are facing an urgent...

G20 : According to the World Bank the impact of India’s digital public infrastructure goes beyond financial inclusion

08 Sep 2023

According to the World Bank, India's digital public infrastructure has had a profound impact that goes well beyond financial inclusion. In a document, the international financial institution praised India, noting that the progress it has made in only six years would have taken roughly five decades otherwise. India has created...

Food waste in Pakistan costs billion annually, says report

Food waste in Pakistan costs $4 billion annually, says report

02 May 2023

As per the news report on Tuesday, a shocking report in Pakistan has revealed that food waste is worth USD 4 billion annually. Pakistan wastes 26% of its food production, i.e., 19.6 million metric tonnes a year. Most food items are wasted because they do not meet the criteria of...

World Bank grants USD 363 million to Karnataka to improve state’s drinking water supply

29 Mar 2023

The Executive Board of Directors of the World Bank authorized a USD 363 million loan to Karnataka to supply two million rural households with clean drinking water through a piped water connection. The loan will mature in 13.5 years, including a two-year grace term. According to the World Bank, almost...

India’s Health Sector to get aid of USD 1 billion loan from World Bank

05 Mar 2023

The Government of India and the World Bank signed two complementary loans of USD 500 million each to support and enhance India's health sector development. According to a release by World Bank on March 3, this combined financing of USD 1 billion will support India's flagship Pradhan Mantri-Ayushman Bharat Health...

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