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People wear masks as they walk inside a mall west in Florida.

These countries think their govt did a good job of dealing with the Covid pandemic

Across the 14 countries surveyed, 59% of respondents said greater international cooperation would have reduced number of Covid cases in their own country.
India's economy

India ranks 116 in World Bank’s annual Human Capital Index

The 2020 Human Capital Index update includes health and education data for 174 countries covering 98 per cent of the world's population up to March 2020.
The World Bank headquarters

Haryana CM’s principal secretary Rajesh Khullar appointed World Bank executive director

Khullar, a 1988-batch IAS officer, will have a tenure of three years or till the date of his superannuation, i.e. 31 August 2023, a Personnel Ministry order said.
The World Bank headquarters

Data of 4 nations manipulated in 2018, 2020 Doing Business reports, World Bank to conduct audit

World Bank says it is pausing publishing of the Doing Business 2021 report and will conduct an internal audit of reports for the past 5 years.

India business climate has continuously improved, Amitabh Kant says after WB halts ease index

A day after World Bank suspended its ease of doing business rankings, Kant says the govt will work tirelessly to make India one of the easiest countries to invest in.
David Malpass, president of the World Bank. | Photographer: Andrew Harrer | Bloomberg

World Bank looking at ways to cut poor nations’ debt instead of delaying payments

World Bank chief David Malpass said the organisation wants to avoid a situation where a significant amount of its assistance is used to service past borrowing.
David Malpass, president of the World Bank. | Photographer: Andrew Harrer | Bloomberg

World Bank expects private creditors to join G20 in providing debt relief

The G-20 in April agreed to allow a temporary suspension of debt repayment for more than 70 impoverished nations.
Migrants take a moment of rest under a bus

India could see millions pushed into extreme poverty due to pandemic: World Bank analysis

South Asia may see 42 mn people being pushed into extreme poverty, according to World Bank analysis, as the pandemic leads to longer shutdowns, increase in costs.
Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.
World Bank headquaters in Washington | Commons

World Bank forecasts worst recession in eight decades due to coronavirus

Global gross domestic product will probably shrink 5.2% in 2020, the World Bank said in its semi-annual Global Economic Prospects report.

On Camera

An employee sits on a video call at the Unicredit SpA headquarters in Milan

Why shrinking offices and hot-desking are bad ideas, Covid or no Covid

Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Diesel demand drop forces India to import gasoline as Covid skews output

The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.