India & Pakistan have locked horns over Kishanganga & Ratle hydroelectric projects, primarily over process of dispute resolution under Indus Waters Treaty and World Bank's role.
For the South Asian region, growth in 2023 & 2024 is seen at 3.6% & 4.6% respectively. 'This is mainly due to weak growth in Pakistan,' the bank said in its latest economic update.
In April 2022, India suffered a 'punishing' heat wave that brought the country to a standstill, with temperatures in New Delhi topping 46 degrees Celsius.
Strong macroeconomic fundamentals have placed India in good stead compared to other emerging market economies, says World Bank. Lowers next year’s growth estimate from 7% to 6.6%.
A new World Bank report says that a sustainable cooling strategy will not only help India reduce emissions but also open an investment opportunity of $1.6 trillion by 2040.
Indian cities require an estimated capital investment of US$ 840 bn in 15 yrs in urban infra & municipal services, equivalent to 1.18% of estimated GDP over this period, it adds.
Previously, Sri Lanka was placed in the lower-middle economy category. The categorisation as a 'low income' country would ease access to concessional funding, the cabinet spokesman said.
Expectations of growth must be tempered, and with different indicators painting different pictures, World Bank's 6.5% full year growth forecast is more likely than RBI's 7%.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
New Delhi: Chinese Foreign Minister Wang Yi Tuesday pushed for a “dual-track” progress for ties with India, separating economic ties from the boundary question,...
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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