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World Bank selects Jim Yong Kim as its next President

United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based......

Vayalar Ravi to be airlifted to Chennai

Overseas Indian Affairs Minister Vayalar Ravi, who met with an accident in Liberia, will be airlifted to Chennai for further treatment.Doctors at a private hospital in Cote d'Ivoire where Ravi was......

Fortis Healthcare plans to raise $100 mn from IFC

Fortis Healthcare Ltd plans to raise around $100 million (Rs 540 crore now) from International Finance Corp, a member of the World Bank Group, through a combination of straight equity and foreign......

Bhilwara Energy to sell 10.8% stake to IFC

LNJ Bhilwara Group firm Bhilwara Energy said on Monday it would dilute nearly 11 per cent stake to two foreign investors for raising Rs 230 crore (Rs 2.3 billion) to part-fund the company's power......

IFC helping Japan bank finance power project

IFC, a member of the World Bank Group, is helping one of Japan's leading banks, Mizuho Corporate Bank, finance a project that would operate power transmission links between East, North-East and......

Citi, IFC to launch $1.25 bn funding tie-up

Citigroup and the International Finance Corporationwill be launching a funding tie-up worth $1.25 billion, aimed at boosting global trade flows, says a media report."Moves to unblock world trade......

IFC shareholder rebels against Raghav Bahl

A bitter shareholder battle over poor financial performance has broken out over The Indian Film Company, acquirers and distributors of such blockbusters as Jab We Met, Welcome, Singh is Kinng and......

'The adulation for Kamal Haasan is incredible'

Pooja Kumar's face was plastered all over Times Square in New York in 2002 when she appeared as a model in the posters promoting Andrew Lloyd Webber's Broadway show Bombay Dreams. In 2008, she......

PIX: Freida Pinto at the NY premiere of Trishna

Actress Freida Pinto, who stars in celebrated filmmaker Michael Winterbottom's 2011 film Trishna, arrived for the film's New York premiere at the IFC centre on July 10. Dressed in a white summer......

New releases: Desis lead the charge in America

Leap Year, You Might Want to Skip It This Year, declared a reviewer. Many others toowere dismissive of the romantic film directed by Anand Tucker, his first mainstream film. But the movie which is......

Bollywood Hero comes to New York

Neha Dhupia was spotted at the New York premiere of Bollywood Hero, a low budget television series that has gained a lot of buzz,  at the Rubin Museum of Art. She is a part of its cast.......

Meet Hollywood's Bollywood Hero

You cannot ignore the billboards for Bollywood Hero in any big American or Canadian city. The low budget television series has gained a lot of buzz, thanks to the huge success the Oscar winning......
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  People speak for ifc

  • QNA
Q. We must look at root cause of corruption in different spheres of activity and create solution to stop the corruption at that level. For example, World Bank IFC says the money spent helped development but not poverty -- according to them only development. Why? Around 30% of it enters directly in to hawala market to convert black money to white. That is when Smt. Indira Gandhi was PM she bluntly told World Bank you give only the money and no consultants. World Bank lends money to eradicate pollution but the law says polluter has to pay. - Please discuss
:  A. what is the root cause of corruption, e.g. say in a raja scam or kalmadi scam. please tell your opinion and then we can take the discussion further more

http://qna.rediff.com/questions-and-answers/we-must-look-at-root-cause-of-corruption-in-different-sphere//answers/19694578

  Web results for Ifc
IFC lends $50mn to PNB Housing Finance

f the World Bank Group, today announced that it is lending $50 million to PNB Housing Finance to support increased access for affordable housing... ...

http://www.business-standard.com/article/finance/ifc-lends-50mn-to-pnb-housing-finance-114091800507_1.html
IMPACT assessment tool prism facilitates funds over us$250m in India

PRISM, an impact assessment and reporting tool, has till date on boarded impact investors with over US$ 250M in assets under management and 80+... ...

http://www.apnnews.com/2014/09/18/impact-assessment-tool-prism-facilitates-funds-over-us250m-in-india/
DC sets one month timeline for preparation of damages report

Excelsior Correspondent LEH, Sept 17: Deputy Commissioner Leh, Simrandeep Singh today set a timeline of one month for all the district officers... ...

http://www.dailyexcelsior.com/dc-sets-one-month-timeline-preparation-damages-report/
Omar asks administration to intensify relief operation, tours various parts of Srinagar

Excelsior Correspondent SRINAGAR, Sept 17: As the water level is gradually receding in all the flood hit areas, the life has started limping back... ...

http://www.dailyexcelsior.com/omar-asks-administration-intensify-relief-operation-tours-various-parts-srinagar/
NCDEX proposes online mandi trading facility in Odisha

NCDEX Spot Exchange Ltd (NSPOT), a leading exchange for daily electronic trading of agricultural commodities, has proposed the Odisha government to... ...

http://www.business-standard.com/article/markets/ncdex-proposes-online-mandi-trading-in-odisha-for-corn-cotton-114091701236_1.html

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