scorecardresearch
Tuesday, May 7, 2024
TopicWorld Bank

Topic: World Bank

India’s GDP growth may be between 7.5 to 12.5%, not out of woods yet, says World Bank report

The report noted that the Covid shock will lead to a long-lasting inflexion in India's fiscal trajectory, and the general govt deficit is expected to remain above 10% of GDP until FY22.

Road crashes hit poor harder in India, 42% left in debt after accidents — World Bank report

Conducted in partnership with Save Life Foundation, the study was released virtually by Union Road Transport and Highways Minister Nitin Gadkari Saturday.

World Bank commits $12 billion to support Covid vaccination programmes in Africa

According to the Africa Centres for Disease Control, the cost of vaccinating 60 per cent of Africa’s 1.3 billion people would be between $10 billion and $15 billion.

World Bank corrects ease of doing business rankings after data probe, India isn’t affected

The World Bank said the data changes were 'irregular' because they were made outside of the appropriate review process and were not justified by the publication’s methodology.

Congress posts 2008 image from Bangladesh to target BJP after World Bank’s poverty report

Congress' tweet came two days after World Bank released report saying Covid-related school closures risk pushing 72 mn primary school children into learning poverty.

G-20 works to firm up debt relief plan for poor, Covid-hit nations & it’s counting on China

Policy makers are hoping for a buy-in from China, the world’s largest official creditor owning almost 60% of bilateral debt that the poorest nations were due to repay this year.

UK firms invested 140 mn pounds in India from April-June despite Covid crisis, report says

According to the Confederation of Business Industry and EY Sterling Access' report, India also invested in 120 projects, created 5,429 jobs in the UK.

Manmohan Singh told me weeks before 1992 Budget speech that he’d have to resign

In ‘Portraits of Power’, economist and former civil servant N.K. Singh writes about his decades of working with India’s top bureaucrats and prime ministers.

To be the next China, India must first beat Bangladesh

The West wants a meaningful counterweight to China, but that partnership will be predicated on India not getting stuck in a lower-middle-income trap.

Indian economy to contract 10.3% in 2020, to bounce back with 8.8% growth in 2021, says IMF

With an 8.8% growth rate in 2021, India will regain the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2%, the IMF report said.

On Camera

AI is doing the brave work humans are still squeamish about—using they/them pronouns

The hullaballoo over LinkedIn bot’s pronoun use comes on a day when CJI DY Chandrachud used the phrase ‘pregnant person’ in his judgment. It is a thing now. Get with the programme.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

Indian Coast Guard seizes Iranian fishing vessel, rescues six Indian crew members

The ICG said in a statement that the boat was seized and brought to Kochi for further investigation on May 6.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.