Free Press Journal
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    Kerala Floods: Centre to consider Kerala demand to enhance borrowing limit

    Thiruvananthapuram: With flood-ravaged Kerala now focusing on rebuilding, the Centre on Wednesday said it would favourably consider the state’s demand to enhance the borrowing limit. As part of efforts for resource mobilisation, Chief Minister Pinarayi Vijayan held discussions with World Bank officials and said their help was necessary to rebuild the state.

  • Lack of appropriate data to measure job sector a concern: Kaushik Basu, former chief economist of the World Bank

    Kaushik Basu, former chief economist of the World Bank and former chief economic adviser to the Indian government, said lack of jobs is a concern but more concerning is that India does not have appropriate data and tools to measure the sector. Basu, who was in the city to deliver a lecture on ‘The Story of India’s Economy: Yesterday, Today and Tomorrow’, also touched upon other concerning areas for the country. In

  • River inter-linking work to start in FY19

    New Delhi : The government is trying to start work on five river inter-linking projects in the current fiscal and secure financial assistance from the World Bank and the ADB for the Rs 2 lakh crore project, Union Minister Nitin Gadkari said on Monday.

  • Indore: DAVV readies proposal for Rs 65 crore grant, submission today

    Indore: Devi Ahilya Vishwavidyalaya, which is expecting a grant of Rs 65 crore from World Bank Madhya Pradesh Higher Education Quality Improvement Project, has readied proposal for the funds and submitted it to Department of Higher Education (DHE) on Tuesday.

  • Indian-origin World Bank economist Aakansha Pande drowns at Bali beach

    Jakarta: A young Indian-origin senior economist working with the World Bank drowned after strong currents pulled her away while she was swimming in a restricted area at a beach in Bali, the Indonesian media reported. The beach lifeguard tried to save the 37-year-old Aakansha Pande, who resided in Singapore, and took her to Siloam Hospital where she was pronounced dead on arrival, The Jakarta Post reported.

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    Not educating girls globally costs USD 15-30 trillion, says World Bank

    Washington: Not educating girls or creating barriers in their school education globally costs between USD 15 to USD 30 trillion, the World Bank said today. Less than two thirds of girls in low-income countries complete primary school and only one in three girls completes lower secondary school, the bank said.

  • Andhra Pradesh best state to do business; Gujarat ranking slips further

    New Delhi: Andhra Pradesh continues to be the best state to do business while Gujarat slipped a position to rank fifth in the ease of doing business ranking prepared by the World Bank and the Department of Industrial Policy and Promotion (DIPP). In the last year’s ranking, Andhra Pradesh had jointly topped the chart with Telangana while Gujarat was relegated to the third position from the top slot in 2015.

  • India uses AIIB to diversify its funding sources

    India has already begun diversifying its funding sources by looking for more financial support from the three year old Asia Infrastructure Investment Bank (AIIB), headquartered in Beijing. Hitherto, it had sought financial aid from bodies like Japan’s ODA, the Asian Development Bank (ADB) and the World Bank and the IFC besides other commercial bands and funds.

  • World Bank pegs India growth at 7.3% this fiscal

    Washington : India’s economy will see a robust growth of 7.3 per cent this year and 7.5 per cent for the next two as “factors holding back growth in India fade”, the World Bank has forecast, allowing the country to retain the tag as the world’s fastest growing major emerging economy.

  • No agreement with Pakistani on resolving Indus Water treaty: World Bank

    Washington: No agreement was reached during the meeting held between World Bank and a four-member Pakistan delegation on May 21-22 on Indus Water Treaty. The World Bank told the delegation from Pakistan that its role is limited and procedural. However, it will continue to work with both countries to resolve the issues in an amicable manner and in line with the Treaty provisions, it added.

  • World Bank denies reports that Nawaz Sharif laundered USD 4.9 billion to India

    Washington: The World Bank today described as “incorrect” media reports in Pakistan about allegations that former prime minister Nawaz Sharif laundered USD 4.9 billion to India. “In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports were incorrect,” the World Bank said in a statement here.

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    World Bank lauds Modi govts efforts, says India doing well on electrification

    Washington: India is doing “extremely well” on electrification with nearly 85 percent of the country’s population having access to electricity, the World Bank has said. Between 2010 and 2016, India providing electricity to 30 million people each year, more than any other country, the World Bank said in its latest report released this week.

  • Aadhaar doesn’t pose any privacy issue: Gates

    Washington : India’s Aadhaar technology does not pose any privacy issue and the Bill and Melinda Gates Foundation has funded the World Bank to take this approach to other countries as it is worth emulating, Microsoft founder Bill Gates has said.