Keyword : World Bank

Migrant Indians keep India at the top with $70 billion remittances

Call it increasing faith in growth story of India or patriotism or failing economies in Europe, India is the leading nation in receiving remittances from Indians in foreign countries. India receive

9 crore Jan Dhan accounts have no money: World Bank

Bank account penetration in India has increased from 35 percent in 2011 to 53 percent in 2015, which means as many as 175 million new bank accounts were opened in these three years, says a World Ba

BRICS bank gets KV Kamath as its first head

KV Kamath has been elected as the chief of $50-billion BRICS New Development Bank, which aims to fund infrastructure projects in developing nations.  The bank looks to be an alternative to oth

One billion still without electricity, rues World Bank

While the world becomes more connected through all kinds of communication modes, around 1.1 billion people across the globe still live without electricity, reveals a World Bank report.

India fails to gain due to messy urbanization, says World Bank

Analyzing the patterns of India’s urbanisation, World Bank says that while India added seven multicity agglomerations between 1999 and 2010 for a total of 30 cities, Indian cities are not abl

Morning briefing: Modi holds talks with German chancellor today

Prime minister Narendra Modi and German Chancellor Angela Merkel will hold wide-ranging talks today (Monday) in Delhi to significantly scale up bilateral relations in an array of key sectors with s

Poor are getting richer, extreme poverty in world falls below 10%

Due to sustained policy interventions the world may see end of poverty in next 15 years as the number of people in extreme poverty is now less than 10% and this has happened for the first time. The

Financial inclusion beyond a point is bad, says RBI chief

As India pushes for big time financial inclusion of the marginalized with schemes like Jan dhan yojana, RBI governor Raghuram Rajan has said financial inclusion should not be pressed beyond a point

State-level disease burden data soon in India

India will soon have state-specific data on diseases and how these are affecting the local people.  This information will be an important tool with the health ministries to frame health polici

Morning briefing: Bihar votes in 50 constituencies for third phase

Fifty constituencies spread over six districts are voting on Wednesday in the third phase of the assembly elections in Bihar. The polling began at 7 am in 14,170 polling stations spread in six dist

India over 30 years behind in attaining its sanitation goal: World Bank

Regional communications specialist at the World Bank, Vandana Mehra, on Thursday said that India is 32 years behind schedule in attaining its sanitation goal. “World Bank study shows that the

Eradicating poverty in India a Sisyphean task

The Narendra Modi government wants to banish poverty from India by the year 2032, a target that is ambitious and fraught with potential pitfalls. The government has thrashed out an a

Water shortage to impact economic growth: World Bank

The combined effects of growing populations, rising incomes, and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain, the World Bank rep

India now classified as ‘lower-middle income’ country

For years, countries have been universally distinguished on economic nomenclatures of `developed` and `developing`. This classification was done on the basis of their prosperity and standard of liv

India’s standing improves in World Bank’s logistics performance index

India now ranks 35 in the World Bank’s logistics performance index, in which Germany is right at the top and Luxembourg a close second. Sweden occupies the third spot. The repo

India has world’s largest number of poor: World Bank

India is by far the country with the largest number of people living under the international $1.90 a day poverty line, 224 million, more than 2.5 times as many as the 86 million in Nigeria, which h

India’s GDP to be 7.6 percent in 2016: World Bank

In India, GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017, supported by expectations of a rebound in agriculture, civil service pay reforms supporting consumption, incr

Large share of H-1B visas granted to Indian outsourcing firms: World Bank

The US has received an enormous net surplus of inventors from abroad, while China and India have been major source countries. Some countries like Canada and the United Kingdom are major destination

Remittance flows to India to dip: World Bank

Remittances to the South Asian region are expected to decline by 2.3 percent in 2016, following a 1.6 percent decline in 2015. Remittances from the GCC (Gulf Cooperation Council) countries continue

It is possible to end extreme poverty by 2030: World Bank expert

There has been much progress toward ending poverty: the World Bank Group’s latest numbers show that since 1990 nearly 1.1 billion people have escaped extreme poverty. Between 2012 and 2013 al

India procures 20% of GDP publicly: World Bank

South Asia has the highest share of public procurement in GDP, at 19.3%; followed by sub-Saharan Africa at 14.9%. “India procures 20% of GDP publicly, Pakistan 19.8%. East Asia has the lowest

Demonetisation impact on formal remittances could be significant: Expert

The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo

Mid-19th century poverty levels in UK, US resemble those in India today: Expert

Most social protection systems in middle-income countries (MICs) are still relatively new, and have yet to undergo the centuries of societal struggles and bargains that cemented welfare regimes in

Issues regarding arbitration need to be addressed at policy level: Niti Aayog

In addition to restructuring the arbitration setup, there are a few issues that need to be addressed at the policy level, said a Niti Aayog report which added that foremost amongst these is ensurin

Investment slump hits growth: World Bank experts

Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term average in nearly 70 percent of emerging and d

Grads with grades that go nowhere

India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of Indians lived below the poverty line. This figure came down to a

Need to focus on India`s rural roads: World Bank experts

One of the key issues is that much of the existing network was built without much regard to climate resilience and has not been properly maintained, making it vulnerable to climate extremes. To a

Change or perish: World Bank expert to Indian Railways

 Martha Lawrence, senior railway specialist, leader of railways community of practice, World Bank, said Indian Railways faces three major challenges. First, it is losing market share to roads,

‘Stone-pelters’ linked to Kashmir floods

 The five-month long unrest in Kashmir, which saw a ding-dong battle between the stone pelting mobs comprising young agitators and the pellet gun holding security forces after the death of a l

Government convinced that PPP model needs to be revisited: Expert

The government feels that the Public-Private Partnership (PPP) model needs to be revisited, said a World Bank expert. “As for the attempts to revive the “flow” of PPP proje

Procurement Observatories continue to deliver in India: Expert

The World Bank is supporting Procurement Observatories in India. Procurement Observatories are civil society organisations, whose goal is to collect, analyse and present public procurement policies

Low female labour force in India: World Bank

There is low female labour force participation in India, said a World Bank report, which added that India has one of the lowest female participation rates in the world, ranking 120th among the 13

MGNREGS had significant impact on agricultural productivity: Expert

Results indicate that Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) had a significant impact on agricultural productivity, in part by supporting diversification, said World

Developing resilience in agriculture a challenge: Expert

 Developing resilience in agriculture to regular weather shocks in the short-term and to climate change in the medium- to long-term is one of the biggest challenges facing Indian farmers today

Demonetisation, GST caused setback to economy: World Bank

Disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable, said a Wo

An ODF experiment that succeeded

An experiment carried out to make Uttar Pradesh’s Bijnor district Open Defecation Free (ODF) succeeded due to an official’s innovative approach, noted a World Bank blog.  

Food fortification will help tackle India’s hidden hunger

Micronutrient deficiencies, especially Vitamin A and D, are prevalent in India, said a World Bank expert who noted that these deficiencies -- often referred to as ‘hidden hunger’ -- go

India has world’s largest electricity access deficit: World Bank

India alone has a little less than one-third of the global deficit (270 million for electricity), followed by Nigeria and Ethiopia for electricity—and the 20 highest access-deficit countries



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