"At 11 per cent of GDP, the fiscal deficit is too high. Growth can be fast if deficit is down and faster if reforms continue," says Nicholas Stern, ex-chief economist, World Bank.
For the new millennium generation, slowly and at an accelerating pace, it is attractive to harbour a start-up ambition, says R Gopalakrishnan.
Developing countries received $414 billion worth of remittances in 2013.
K V Kamath to take charge of BRICS Bank in July.
With over 600 million people in India or 53 per cent of Indian households defecating in the open, absence of toilet or latrine is one of the important contributors to malnutrition, a World Bank report has said.
Modi and Trump will meet at 1.20 am (IST) following which they will have delegation talks and then a dinner.
In line with its decision to maintain borrowing within its "load bearing" capacity, Karnataka has decided against going in for more loans from the World Bank and other agencies, Chief Minister S M Krishna said on Wednesday.
Housing regulator, NHB, which is awaiting $ 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently.
It has emerged that a senior US government functionary offered to help India garner greater funding from the World Bank in return for protecting Dow Chemicals from possible legal fallout from the gas tragedy.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
'Elections, my friends, are a boon for the Indian people.' 'That is the only time our high and mighty leaders are accessible to the masses.' 'So don't ruin that by agreeing to once-in-5-years elections,' argues A Ganesh Nadar.
If India can fast utilise currency flows for long-term projects, the regulatory regime could be more liberal.
Noted economist Arvind Panagariya says India is an emerging power. With liberalisation, Indian entrepreneurs have emerged and they are top class.
Opportunity for India to take leadership in economic diplomacy.
Indian cotton and paddy could see their competitiveness in international markets take a hit
The government should use interest rates for more than administrative measures to handle economic growth in the long term.
IMF projected India's economic growth at 4.25% in 2013-14.
The World Bank has approved $430 million (over Rs 1,900 crore) to finance further improvement of Mumbai's suburban railway system, considered the city's lifeline.
'The history of Moody's India ratings tells its own story,' points out T N Ninan.
The SAD MP from Bathinda said the alliance will be voted back because it had worked hard for the future of the state on an agenda of "development, development and yet more development".
Prime Minister Narendra Modi asked G20 nations to freeze and repatriate unaccounted money hoarded abroad.
The loan will be used to finance procurement of electrics for manufacture of EMU rakes, conversion of DC to AC on Central Railway, technical studies and institutional strengthening studies, Minister of State for Railway K H Muniyappa said.
The report, Doing Business in India 2009, took into account 17 states in the\ncountry and noted that Hyderabad and Bhubaneshwar are the two nodal locations\nsuitable for opening and operating business easily.
The NHAI board is considering a proposal to give 40 per cent of the annuity payment to the contractors upfront and the remaining amount later in instalments.
The project, to be executed by the Ministry of Road Transport & Highways, would involve double-laning of single-lane highways in eight states in the next three years.
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Govt unveils reforms that cuts down time and bureaucracy.
India topped the World Bank's list of workers' remittances at $10 billion, which is over 13 per cent of the total $72.3 billion flowing to all developing countries during 2001.
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 electricity-starved North India.
Pakistan will get a whopping $6.2 billion aid from the World Bank in the next three years to come out of the current economic crisis, reduce poverty and improve the fragile security situation in the country.
The Indian economy may be booming but when it comes to ease of doing business, it ranks way down at 134th position among 183 countries.
A World Bank reports says the country has shown signs of "some softening" that could slow down the pace of growth slightly in 2011.
'The capability of the Indian State to implement programmes and policies is weak -- and in many domains it is obviously not improving. In police, tax collection, education, health, power, water supply -- in nearly every routine service -- there is rampant absenteeism, indifference, incompetence, and corruption,' says Professor Lant Pritchett.
His statement came against the backdrop of a controversy kicked off by his email to Ahluwalia.
The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation
We should improve the business climate in Mumbai and Delhi, and India's ranking would immediately shoot up, says Bibek Debroy, a full member of NITI Aayog.
Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.
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