The Bank had predicted that China's GDP growth would slow to 8.7 per cent in 2011 in its last quarterly report released last November.
World Bank President Robert B. Zoellick will visit Bihar on January 10, 2011, officials said on Tuesday.
In the face of burgeoning forex reserves at over $93 billion, the government has quietly prepaid $1.4 billion worth of costly foreign loans to World Bank and Asian Development Bank.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
"First ladies from Turkiye, Japan, the UK, Australia and Mauritius, among others visited the exhibition at NGMA (National Gallery of Modern Art)," the source added.
If the Bank's numbers are wide of the mark, they will make a difference to the poverty debate.
The outcome of the Doha trade round is more important to poor countries' economies than the US-led war with Iraq, World Bank President James Wolfensohn said on Monday.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
The executive directors of the World Bank unanimously selected Robert B Zoellick to succeed Paul Wolfowitz, effective July 1, 2007, as the 11th President of the Bank for a five-year term.
The rankings are based on 10 indicators of business regulation that track the time and cost to meet government requirements in business start-up,operation, trade, taxation, and closure.
Making a case for India to relax labour laws, World Bank has said such a move can generate more than eight lakh regular jobs in the manufacturing sector.
While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, notes T N Ninan.
Seven World Bank-sponsored projects, worth about Rs 22,426 crore (Rs 224.26 billion), are being implemented across the country to improve delivery in centrally-funded schemes and meet other objectives, the government said on Wednesday.
General Singh was assigned to receive leaders representing the planet's two superpowers -- the president of the United States and the premier of the People's Republic of China.
Global growth should have a large impact on the poor, says World Bank.
With India's G20 presidency ensuring several tangible outcomes, world leaders at the two-day summit in New Delhi hailed Prime Minister Narendra Modi for his 'decisive leadership' and for championing the voice of the Global South, sources said on Sunday.
The World Bank has decided to extend an additional soft loan of $ 1.05 billion (Rs 4,772 crore) to the government to improve the quality of education under two major schemes on elementary and technical education.
Weak exports and lower investment growth will cut down China's GDP growth, the World Bank said.
Contradicting Pakistan's claims that India has a higher tariff regime, a World Bank report has said Islamabad's tariffs were 10 per cent higher than that of New Delhi and has asked it to reduce the same through a unified trade liberalisation policy.
World Bank President Robert Zoellick on Friday said India is likely to return to high growth of 8 to 9 per cent in a year or two, helped by strong fiscal and monetary actions to counter the global financial crisis.
According to the report, the global economy is projected to strengthen this year, with growth picking up in developing countries.
"We can no longer rely on the US consumer to sustain global growth. We need multiple poles of growth," Zoellick told reporters at a news conference in Beijing.
India will be pushing for greater capitalisation of the World Bank at the meeting of G20 finance ministers in London next month. The meeting will precede the Pittsburgh meeting of G20 head of states scheduled later in September.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
The Biodiversity Conservation and Rural Livelihood Improvement Project will conserve biodiversity, while improving rural livelihoods by applying culturally appropriate and tested participatory approaches to support opportunities for improving rural livelihoods, the Bank said in a statement.
'We wrote to the bank a few weeks ago. We don't expect an immediate response as these things take time but we disagree with the claims they've made,' Australian IT quoted Tech Mahindra executive vice-chairman Vineet Nayyar as saying in Sydney. Satyam was blacklisted last September and a month later was forced to deny reports that its contractors had installed spy software on World Bank computers.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending "global trust deficit".
World Bank expects India to absorb the oil price shocks and remain unaffected from the depreciation of the US dollar against the rupee.
As many as 36,000 rural youth have been issued job offer letters during the past eight months by various companies, from manufacturing to service, courtesy a World Bank sponsored scheme District Poverty Initiative Project. Since the placement agencies do not offer services in the non-skilled labour segment, companies hire non-skilled workers through references and relatives of the existing workforce.
China's new leadership headed by Xi ruled out massive stimulus similar to the one in 2008 which amounted to $645 billion to tide over the global economic crisis.
As per official estimates, the Indian economy is likely to expand 6.9 per cent in the current fiscal, much lower than 9 per cent projected during the 2011-12 Budget.
East Asia's emerging economies are projected to grow by 6 per cent this year as policy makers face the delicate challenge of responding to a reduced pace of global trade expansion, the World Bank said on Wednesday.
"Despite a booming economy, India's growth potential is constrained by inadequate electricity services and limited power generation and supply infrastructure... The power sector has improved in recent years, albeit in an environment where demand for electricity continues to outstrip supply," the bank said. The Bank has made three direct loans to Power Grid since 1993.
According to an agreement signed here, the multi-lateral agency would give 600 million dollars toward boosting rural cooperative credit projects, $280 million for supporting 400 ITIs over four years and 64 million dollars for Karnataka-based water tank management projects.
The inward remittances to India has more than doubled from about $12.89 billion in 2000 to $27 billion in 2007. In 2006, inward remittances were $25.43 billion, while the outward flow constituted around $1.58 billion. Rich countries are still the main source of remittances with the United States leading the pack.
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