The revised projection comes after a 17% rise in the April-June.
The Bombay High Court has dismissed the petitions of the Board of Control for Cricket in India (BCCI) challenging arbitral awards of over Rs 538 crore (Rs 5,038 million) in favour of the now-defunct Indian Premier League franchise Kochi Tuskers Kerala.
The Instagram video has drawn significant attention due to the controversial backgrounds of both Lalit Modi and Vijay Mallya.
Amid criticism over engaging experts from multilateral agencies like World Bank, Planning Commission on Wednesday asserted that none of the "outside bodies"
India is on track to register its entire 1.25 billion population using its Aadhaar digital ID.
"Intermittent pauses in hostilities are not enough to address the scale of humanitarian challenges confronting the people, who grapple daily with acute shortages of food and fuel, inadequate medical services and lack of access to education," Harish said at the open debate on the 'Situation in the Middle East, including the Palestinian question'.
In its global economic forecast update for 2009, the World Bank projected a growth rate of 4 per cent for India during 2009-10, while the ADB, in its outlook, expects the economy to expand by 5 per cent. A separate outlook by the Organisation for Economic Cooperation and Development, a club of developed countries, has forecast a 4.3 per cent growth rate for India. India had last grown below this level in 2002-03, when the economy expanded by 3.8 per cent.
Manas Sood, a Class 12 student from the Delhi Public School, has distributed 2,650 boxes of Tax City Education and empowered over 12,000 students from 52 schools across India. His aim? To help young Indians understand taxes and become financially literate.
Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.
The World Bank has approved a $1.5 billion loan for the ambitious clean India campaign.
After disclosing late last year its decision banning Satyam Computer Services, the World Bank said earlier this month that Wipro and another Indian IT firm Megasoft have also been debarred from directly doing business with it under its corporate procurement programme. The Bank had disclosed the ban on Satyam on December 25, while debarment of Wipro and Megasoft was revealed on January 11.
The World Bank said on Monday hardening interest rates and a surge in oil prices worldwide will have a marginal impact on India's economy and the country would continue to witness high GDP growth.
Pulok Chatterjee, secretary in the Prime Minister's Office, has been appointed as executive director in the World Bank
Modi said the ease of doing business ranking improved because the government initiated reforms to end difficulties in the lives of people.
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
The World Bank on Friday approved a $80-million loan for the renovation and modernisation of old, polluting and inefficient coal-fired power plants in India, in a move that could help lower carbon emissions.
This was stated by Union urban development minster Sugata Roy in Rajya Sabha today in response to a written question.
Chatterji, an IAS officer from the Uttar Pradesh cadre, will take over from Dhanendra Kumar for a term of three years, an official spokesperson said. Kumar, a 1968 batch IAS officer from the Haryana cadre, was to retire on October 31. However, he has been granted an extension till January 31, next year.
Despite recent underperformance, MNC funds have delivered over longer time frames.
This comes at a time when the global recovery remains fragile and is expected to slow later this year as the impact of the fiscal stimulus measures wanes.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
'Re-electing Jim Yong Kim will allow the World Bank to continue to build on important initiatives and reforms.'
The Bank's projections show that developing countries face a financing shortfall of $270 to $700 billion this year, as private sector creditors shun emerging markets, and only one quarter of the most vulnerable countries have the resources to prevent a rise in poverty.
Meera Shankar, Indian Ambassador to the United States, informed that India has convened a ministerial meeting in September in New Delhi to see how we can bring the Doha Round back on track and as a follow up to that meeting experts were expected to meet in October in Geneva.
'I have a deep affection for Indian cricket. If someone asked me to come back, I wouldn't say no.'
The World Bank assistance will be utilised for converting 6,372 km of one-lane highways to two-lane, out of the total of 19,702 km of single lane highways in the country.
rediffGURU Dr Ganesh Natarajan tells you how to upskill and upgrade yourself in order to future-proof your career.
Giving an economic content to his visit to the US in the midst of high-profile diplomatic engagements, Prime Minister Manmohan Singh met World Bank President Robert Zoellick and top American CEOs in the backdrop of the financial meltdown that has kept the Bush Administration on its toes.
The Tamil Nadu Irrigated Agriculture Modernisation and Water-Bodies Restoration and Management Project is designed to modernise irrigation systems covering over 600,000 hectares in 63 selected sub-basins throughout the state.
The IFC Global Corporate Governance Forum has signed an agreement with the Reuters Foundation to encourage these journalists and help them report on governance more effectively, the two organisations said.
With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.
N Chandrababu Naidu, when he was chief minister of the state, had sought funding for the project in 2015, but the Bank had deferred its decision in the light of the alleged government excesses.
Benchmark stock indices Sensex and Nifty rebounded on Thursday after two days of decline, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02.
With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects.
Special Ops 2 captures the spirit of the modern-day spy thriller and runs with it, observes Deepa Gahlot.
In its reply to the World Bank's allegations of corruption in five health projects worth a total of $ 568 million, the Indian govt has sent a report denying the charges. The report said World Bank has misunderstood protocols and has not provided evidence to substantiate the charges. The Union Health Ministry has said that the report erroneously created an impression that the health sector delivery system is beset with fraud and corruption. It has also damaged its credibility.
The Jane Street-Sebi saga is more than a legal dispute -- it's a litmus test for India's ambitions as a global financial hub.
'Pakistan's army has got a streak of democracy. It is more democratic than the country.'
The World Bank is likely to sanction a reform-linked loan of Rs 16,000 crore (Rs 160 billion) to the UP government. The loan, called "UP Development Policy Loan", is in an advanced stage of negotiation and likely to be credited to UP in the current fiscal. The loan will help the state government retire costly old debt, which will reduce the annual interest burden by Rs 700 crore (Rs 7 billion).
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