Current President Robert Zoellick, who took office in July 2007, is schedule to retire in June.
Modi had also said recently that there is a need to administer "bitter medicine" to revive the ailing economy.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
The multilateral agency had earlier projected that the world economy would expand by 3.6 per cent this year.
The World Bank condoled the Mumbai blasts and expressed "deepest sympathies" to the families of the victims. \n
PMO joint secretary Subrahmanyam to play a key ro#8804 full-time finance minister likely before October
The government has hiked foreign investment caps.
Weak exports and lower investment growth will cut down China's GDP growth, the World Bank said.
The island city of Indonesia serves as a grim reminder of the urban squalor that awaits most Asian cities.
His interaction was webcast live on Twitter.
In all, worldwide remittances -- including those to high-income countries -- will reach $406 billion in the current calendar year.
The World Bank has sounded a note of caution on the global economy, which it says has reached a turning point with a slowdown that has already begun.
India has emerged as the 12th wealthiest nation in the world with its GDP touching $785.47 billion or Rs 35,34,615 crore in 2005, the World Bank said.
The World Bank will not reduce financial assistance to India for poverty alleviation measures because of the recent official data that showed a decline in the number of poor people in the country.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
However, India is likely to regain the tag of the fastest growth emerging economies of the world in 2018.
Bihar is no more bad land for young professionals as dozens of fresh graduates in their early and mid 20s from across India have opt to work for the World Bank-supported Jeevika project in the state.
With the D-day for the polls drawing closer, Modi upped the ante against the Siddaramaiah government addressing four back to back rallies at Gadag, Tumakuru, Shivamogga and Mangaluru.
A report prepared by World Bank in coordination with Chinese experts said China has reached a 'turning point' in development but it could still emerge as the world's largest economy before 2030 if it carried structural reforms.
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
These figures are based on purchasing power parity of 2005.
The State Department remarks came as the World Bank started the process to select its new head, who would replace it current President, Robert Zoellick.
He will pitch for American investment in Indian business opportunities.
The second-quarter GDP numbers are scheduled to be announced on Friday.
Contradicting the International Monetary Fund, which does not want India and other countries to use any of its foreign exchange reserves for building infrastructure
It will provide funding for urban infrastructure such as water supply and sanitation, underground sewerage schemes, solid waste, street lighting, and urban roads.
On the eve of World AIDS Day 2011, the World Bank has released groundbreaking new evidence from India that demonstrates major advances in the understanding and prevention of HIV/AIDS of up to 3 million HIV/AIDS cases.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Gaurav Mehta, one of 100 'Young Global Leaders', is tapping entrepreneurs inside rural Indians.
Even though emerging markets generally do not have the level of market efficiency and strict standards, they are most sought after by investors.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
Attacking the industrialised countries for agricultural protectionism, which was hurting the economies of poor nations, the World Bank has stressed that global trade liberalisation was critical for reducing poverty in developing countries.
HRD Minister Kapil Sibal on Wednesday said the low cost computing device Aakash has generated a lot of "enthusiasm" among the American public and several companies there have evinced interest to associate with the project to further raise its efficiency and productivity.
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
The bank will have initial authorised capital of $100 billion
The government on Friday said that India is the fifth most indebted country among the 20 developing nations but its debt is within manageable limits.
When oil prices are very high, cutting down the subsidy results in sharp increase in oil prices.
Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on their own cultural and socio economic needs, says M K Venu.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances