Does Abhijit Banerjee's Nobel Prize help India reduce extreme poverty, asks Rajeev Srinivasan.
There has been a welcome focus on fundamental reforms, time-bound programmes that fix accountability and the use of technology. The upcoming Budget could build on these initiatives, says Abhas Jha.
But an unimpressed finance minister plays King Canute.
The company will use the proceeds to fund its expansion plan and repay debt.
India has been ranked 134th among 189 countries in the World Bank's Doing Business 2014 report.
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.
Lowest prices of key petroleum products were found in Venezuela & Egypt.
Global agencies have shown interest in Bihar's developmental projects. They met Bihar CM Nitish Kumar to chart out an investment plan.
India has brought down the number of people living below $1 a day by 2 percentage points to 24.3 per cent in three years up to 2005, as Asia's third-largest economy accelerated to 7 per cent plus growth in those years, latest data from the World Bank revealed. In absolute numbers, 9.6 million people came out of poverty between 2002 and 2005, the largest reduction between two consecutive surveys released by the World Bank since 1981.
Head of the United Nations International Labour Organisation has told the International Monetary Fund and the World Bank to join hands to combat global economic crisis. He said a multilateral consensus, on a wide range of issues ranging from widening income gaps to climate change bringing together rich and poor countries, employers and employees, is needed. IMF forecasts have projected that global growth could drop below the point that is equivalent to a global recession.
The remarks by Dar, a close aide of Prime Minister Nawaz Sharif, came within days of the World Bank saying in a report that Pakistan will benefit from granting Most Favoured Nation-status to India.
Remittances are estimated to exceed $600 billion in 2015.
The consortium will launch programmes in ease of doing business in their respective regions B-schools.
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.
Stating that a weak fiscal position continues to constrain India's sovereign ratings, Fitch said the next government's medium-term fiscal policy will be of particular importance from a rating perspective.
Some experts argue that India's new growth figures are due to the revised calculation of GDP, which was launched in January
Indian economy is expected to grow at over 7.5 per cent, to overtake China.
Explore the map to see and compare different countries' Doing Business Index in 2015.
With the new Indian government showing signs of economic reforms and brings in transparency in governance, the World Bank feels that the world's third-largest economy could achieve a growth rate of 5.5 per cent this year as compared to 4.7 per cent last year.
"Since beginning, I am hearing this that if I am not with you, then I am an Aadhaar judge. I don't care," the judge said.
Praful Patel, Vice-President of the World Bank, visited Pakistan on a 3 day tour. He said the economic picture of Pakistan is not good and the country should carry out necessary reforms to avert an economic crisis. There has been robust growth over the past few years and there has been a significant reduction in poverty. However, the growth can only continue if Pakistan adjusts itself to the new global reality including high prices of oil, commodities & foodstuffs like wheat.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
China continued to have pockets of poverty despite massive development.
Braulio Ferreira de Souza Dias, the executive secretary, Convention on Biological Diversity, stressed that poverty eradication has a lot to do with the agenda on biodiversity which needs to be understood by all.
"On a larger scale we've got to think about how we can integrate this technology into a massive effort to scale up access to financial services," the bank said.
A look at the lessons learnt by the columnist in his experiment to whittle down the weekly food bill to sub-poverty levels.
Liquor market in the continent is growing twice as fast as the rest of the world.
Basu said there are a couple of big ticket items on the agenda.
This will be Jim Young Kim's first visit to India after taking over as President of the World Bank Group last July.
Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the euro area and fiscal policy in the US, the Bank said in its latest report Global Economic Prospects, which was released on Tuesday.
While it took the Congress nearly a half century to earn the hatred of other political outfits, the BJP appears set to reach there in around six years, says Arun Bhatnagar, former secretary to the GoI.
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
As per the latest government data, India's second quarter economic growth inched up to 4.8 per cent during second quarter (July-September) of 2013-14, well above 4.4 per cent in the first quarter (April-June).
The economies of China and India are 40 per cent smaller than previously thought, according to new estimates published by the World Bank this week.
Undeterred by the World Bank's critical comments on his government's free power policy, Andhra Pradesh Chief Minister Y S Rajasekhar Reddy on Saturday asserted that the programme would stay on course and hoped it would not affect any of the schemes.
World Bank President Jim Yong Kim, who is on a three-day visit to India, said a projected five per cent GDP growth in the current financial year was disappointing, but future prospects for the country were good.
Construction is supposed to begin in 2017, with completion slated for 2023.
British PM Brown asked IMF and World Bank to reflect India's rising contribution to world economy.
After India, China will stand second with $66 billion, followed by Mexico and the Philippines with $24 billion each, a latest report by the bank said on Tuesday.
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
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