Search result for 'world bank'

IFC Provides $500M Loan to Axis Bank for Green Projects in India

October 7, 2024 16:28

IFC, the World Bank's private lending arm, has provided a $500 million loan to Axis Bank to fund green projects and develop a blue finance market in India. The loan aims to promote...

High Tax Hampering India's Soft Drink Growth

October 6, 2024 10:16

ICRIER report highlights high GST on carbonated drinks in India, hindering market growth despite consumer demand for healthier options and innovation.

World Bank Considers G20 MDB Reforms: FM

October 5, 2024 22:39

India's Finance Minister commends the World Bank's consideration of 27 out of 30 recommendations from the G20 Independent Expert Group on strengthening multilateral development banks.

IFC MD Meets Finance Minister, Discusses Financial System Reforms

October 4, 2024 18:34

IFC Managing Director Makhtar Diop met with India's Finance Minister Nirmala Sitharaman to discuss reforms in the international financial system and IFC's plans in India, including capacity...

India's Logistics Data Bank Tracks 75 Million Containers

October 3, 2024 18:52

India's Logistics Data Bank (LDB) has tracked over 75 million export and import containers, boosting logistics efficiency and improving the country's ranking in the World Bank's Logistics...

Agri Startups Training: Chouhan Calls for Well-Researched Modules

September 28, 2024 19:59

Agriculture Minister Shivraj Singh Chouhan emphasizes the importance of training for agri startups in India, calling for well-researched training modules and curriculum.

Trump's Tariffs: How They Work & Their Impact

September 27, 2024 13:20

Explore Donald Trump's tariff policies - their impact on the economy, trade relations, and consumer prices. Learn about the arguments for and against tariffs.

WB to Invest in UP Crop Residue Management: Investors Interested

September 26, 2024 20:46

World Bank Vice President Martin Raiser met with UP CM Yogi Adityanath to discuss crop residue management. Investors are interested in solving the issue and generating economic benefits.

UP Key to India's 'Mission 2047': World Bank

September 26, 2024 20:00

World Bank VP Martin Raiser sees Uttar Pradesh playing a crucial role in India's 'Mission 2047' development goal. He highlights potential for agriculture modernization, education reform, and air...

Raghuram Rajan: India's Infra Good, But Needs More for Manufacturing

September 26, 2024 14:35

Former RBI Governor Raghuram Rajan says India has made progress in infrastructure but needs to boost manufacturing and job creation. He stresses the importance of ease of doing business and education.

ADB Cuts Bangladesh Growth Forecast Due to Unrest

September 25, 2024 13:03

The Asian Development Bank (ADB) has lowered Bangladesh's economic growth forecast to 5.1% for FY 2024-25, citing political unrest, floods, and a fragile law-and-order situation. The ADB warns of...

World Bank Pledges $2 Billion to Support Bangladesh Reforms

September 17, 2024 16:26

The World Bank has pledged an additional $2 billion to Bangladesh to support critical reforms, flood response, air quality, and health. The funding aims to assist the interim government's reform...

India's Financial Potential Undervalued: Smriti Irani

September 17, 2024 08:32

Former Indian minister Smriti Irani argues that India's economic potential is not fully understood globally. She highlights achievements in vaccine distribution, PPE manufacturing, and support for...

Maritime Development Council Meet in Goa: Sagarmala, Maritime Vision 2030 Discussed

September 12, 2024 16:47

The 20th Maritime Development Council meet in Goa discussed key initiatives like Sagarmala, Maritime India Vision 2030, and Maritime Amrit Kal Vision 2047, aiming to enhance India's maritime sector.

World Bank Praises Kerala's Education Reforms, Offers Collaboration

September 9, 2024 17:58

World Bank experts lauded Kerala's education reforms and expressed interest in collaborating to attract international students. The initiative aims to improve higher education, making students more...

ISA & MIGA Launch Multi-Donor Fund for Solar Projects

September 6, 2024 13:07

The International Solar Alliance (ISA) and Multilateral Investment Guarantee Agency (MIGA) have established a multi-donor trust fund to support solar projects, particularly in Sub-Saharan Africa....

Turkiye Applies to Join BRICS Bloc: Kremlin Official

September 4, 2024 19:32

Turkiye has formally applied to join the BRICS bloc of emerging economies, according to a Kremlin official, as Russia and China seek to counter Western influence.

World Bank's RCEP Advice Flawed, Outdated: GTRI

September 4, 2024 12:25

GTRI criticizes World Bank's suggestion for India to reconsider joining RCEP, citing flawed assumptions and outdated projections. It emphasizes the need for a cautious, data-driven approach to...

India Economy to Grow at 7% in FY25: World Bank

September 3, 2024 12:32

The World Bank projects India's economy to grow at 7% in FY25, driven by a recovery in agriculture and rural demand. Despite global challenges, India's growth remains strong.

Sri Lanka Election: Wickremesinghe's Manifesto Focuses on Economic Recovery

August 29, 2024 18:08

Sri Lankan President Ranil Wickremesinghe's election manifesto emphasizes economic recovery through continued IMF program and partnerships with international creditors.

Sri Lanka Debt Deal: Renegotiation Risks IMF Bailout

August 29, 2024 16:35

Sri Lanka's foreign minister warns renegotiating debt terms could jeopardise IMF bailout, impacting World Bank and ADB funding. Economic instability is a risk.

India's Prominent Role in Fintech & DPI Rule-Making: Dammu Ravi

August 28, 2024 19:20

India's Secretary (Economic Relations) Dammu Ravi emphasizes the country's key role in setting standards for fintech, blockchain, and cyber security solutions.

Pakistan Seeks USD 4 Billion Loan from Middle East Banks

August 23, 2024 15:49

Pakistan seeks a USD 4 billion loan from Middle East banks to meet financial obligations, as the IMF approval of a USD 7 billion EFF is delayed. The country also faces high financing costs due to...

Maharashtra to Roll Out Red Carpet for MSMEs & Startups

August 23, 2024 13:13

Maharashtra Minister Uday Samant promises support for MSMEs & startups, aiming to transform Mumbai into a global fintech hub. The state will provide red carpet treatment for projects, at par with...

Sri Lanka Deepens Ties with India: Wickremesinghe

August 18, 2024 15:45

Sri Lankan President Wickremesinghe emphasizes strengthening economic ties with India, focusing on regional integration and BIMSTEC. He expresses gratitude for India's support during Sri Lanka's...

Mali's Capital Battles Waste: Donkey Carts Offer Solution

August 18, 2024 10:24

Bamako, Mali, struggles with a growing waste problem. Donkey carts provide a temporary solution as residents search for items in overflowing landfills. The World Bank is funding a landfill project,...

USD 4 Trillion Financing Gap Hinders SDG Progress: FM

August 17, 2024 19:08

Finance Minister Nirmala Sitharaman highlights the urgent need to address the USD 4 trillion annual financing gap for developing countries to achieve Sustainable Development Goals (SDGs).

Sri Lanka's IMF Bailout: Tax Proposal Negotiations

August 14, 2024 17:12

Sri Lankan President Wickremesinghe discusses tax proposals with the IMF as part of the USD 2.9 billion bailout package, aiming to provide relief to taxpayers.

Minister Calls for Data Timeliness Cooperation - CoCSSO Conference

August 12, 2024 16:12

Union Minister Rao Inderjit Singh emphasized the need for stakeholder collaboration to improve data quality, timeliness, and relevance at the 28th CoCSSO conference.

Telangana CM Partners with World Bank for State Development

August 7, 2024 22:07

Telangana CM Revanth Reddy meets World Bank President Ajay Banga to discuss partnerships on skills development, urban rejuvenation, healthcare, and more, aiming to improve the lives of over 4 crore...

Uganda Commissions Power Transmission Project - Powergrid

August 6, 2024 20:35

Powergrid provided consultancy for a new power transmission project in Uganda, commissioned by President Museveni. The project enhances power grid connectivity in the West Nile region.

UPI Global Expansion: Govt, RBI Initiatives - News

August 6, 2024 18:19

India's government and RBI are actively expanding the global reach of UPI, now available in 7 countries. Learn about their initiatives and the future of UPI.

IFC-ADB Invest $275M in Fourth Partner Energy

August 6, 2024 15:12

IFC, ADB, and DEG invest USD 275 million in Fourth Partner Energy, a renewable energy solutions platform, to expand its portfolio and reach 3.5 GW by 2026.

UP Govt Aims to Transform Rural Landscape in Purvanchal, Bundelkhand: CM

August 5, 2024 22:38

Uttar Pradesh government launches 'UP-AGREES' programme for agricultural development and rural entrepreneurship, aiming to boost crop productivity and export potential in Purvanchal and Bundelkhand.

India's Agriculture Growth: 5% in 7 Years - Niti Aayog

August 3, 2024 11:23

Niti Aayog member Ramesh Chand highlights India's remarkable agricultural growth, achieving a 5% rate over seven years. Learn about the key focus areas and challenges facing the sector.

India's Income Gap: World Bank Says 75 Years to Reach 1/4 of US

August 2, 2024 18:46

A World Bank report highlights challenges for middle-income countries, including India, which may take 75 years to reach one-quarter of US income per capita. Learn about the 'middle-income trap'...

India's Carbon Market: Regulations Expected in Months

August 1, 2024 11:33

India is expected to announce regulations for its domestic carbon market in the coming months, drawing inspiration from global models. The market is anticipated to cover sectors like power,...

India Aims for USD 30 Trillion Economy by 2047: NITI Aayog

July 28, 2024 16:07

India aims to achieve a USD 30 trillion economy with USD 18,000 per capita income by 2047, according to NITI Aayog's 'Vision for Viksit Bharat @ 2047' paper. The document outlines key challenges...

GST Reduces Logistics Cost: Economic Survey

July 22, 2024 15:19

India's Economic Survey highlights GST's role in reducing logistics costs, improving truck travel time, and boosting manufacturing. Learn about the impact on logistics performance and India's...

India Remittances to Grow 3.7% in 2024 to $124 Billion: Eco Survey

July 22, 2024 13:52

India's remittances, a key source of external financing, are projected to rise to $124 billion in 2024, driven by strong labor markets and diversification of migrant workforce.

Budget Should Focus on Welfare, Manufacturing: Kaushik Basu

July 16, 2024 13:42

Former World Bank chief economist Kaushik Basu urges Modi government to prioritize welfare of citizens and allocate more funds to manufacturing in the upcoming budget.

Thailand's Controversial $13.8 Billion Digital Cash Handout Plan

July 16, 2024 06:36

Thailand is set to roll out a $13.8 billion digital money handout plan to boost its lagging economy, facing criticism from economists for its effectiveness. Learn more about the Digital Wallet...

Thailand to Launch Controversial USD 13.8 Billion Digital Cash Handout

July 15, 2024 18:44

Thailand is set to launch a USD 13.8 billion digital cash handout program, aiming to boost the economy. The program has faced criticism from economists, but the government insists it will be...

China Communist Party Meeting: Economic Strategy & Challenges

July 15, 2024 09:46

China's Communist Party meets this week to discuss economic strategy amidst challenges like tech restrictions and real estate downturn. Expect signals on future policy direction.

World Bank Vows to Support Sri Lanka's Economic Recovery

July 4, 2024 18:04

The World Bank's new Country Director for Sri Lanka, Nepal, and Maldives has pledged support for the nation's economic recovery, following its recent debt default. The meeting with President...

IFC Appoints Indian National Vikram Kumar as Asia Pacific Regional Director

July 1, 2024 10:15

IFC appoints Vikram Kumar, an Indian national, as its Regional Industry Director for Infrastructure and Natural Resources in Asia and the Pacific, based in Singapore. Kumar brings over 20 years of...

Pakistan Finance Minister Admits Tax Stress, New Budget Measures

June 30, 2024 18:52

Pakistan's finance minister acknowledges public stress over new taxes imposed in the budget, promising relief to salaried individuals. The budget aims to reduce inflation and increase tax revenue.

UN Warns: Only 17% of Global Goals on Track by 2030

June 29, 2024 10:27

The UN reports that only 17% of its 169 targets to improve global well-being are on track by 2030, highlighting a failing grade in achieving key goals like poverty reduction, gender equality, and...

SIDBI Supports Sustainable MSME Development | India News

June 27, 2024 18:37

SIDBI is actively promoting sustainable development in the MSME sector through financial and non-financial initiatives, including energy-efficient lending products and projects.

India Remittances Hit USD 120 Billion in 2023: World Bank

June 26, 2024 21:02

India received USD 120 billion in remittances in 2023, the highest among LMICs, with the US being the largest source, according to a World Bank report.

Mindspace REIT Raises Rs 650 Cr via Sustainability Bonds

June 25, 2024 18:35

Mindspace Business Parks REIT has raised Rs 650 crore from IFC through sustainability linked bonds, marking its commitment to ESG targets and responsible growth. The funds will be used to refinance...

India's Water Shortage: Credit Risk & Social Unrest - Moody's

June 25, 2024 10:50

Moody's warns of India's growing water shortage, impacting credit health, food inflation, and social unrest. Learn about the economic and social implications.

Tata Power Recognized by World Bank for DER & P2P Trading

June 21, 2024 17:41

Tata Power receives recognition from World Bank Energy Report for its contributions in Distributed Energy Resources (DER) and Peer-to-Peer (P2P) electricity trading, showcasing its commitment to...

Avian Influenza Crisis Drill: India & World Bank

June 20, 2024 19:21

India and the World Bank conducted an avian influenza crisis drill in Madhya Pradesh, simulating outbreak detection, response strategies and inter-agency coordination.

DPIIT holds consultation on further promoting ease of doing business with industry, other depts

June 19, 2024 19:58

The DPIIT sought inputs from industry and other ministries on promoting ease of doing business in India, focusing on Jan Vishwas law 2.0, World Bank's Business Ready index, and the National Single...

Nine Indian ports ranked among top 100 in Container Port Performance Index 2023

June 19, 2024 19:55

India's performance in the Container Port Performance Index 2023 shines, with 9 ports making it to the global top 100. Visakhapatnam Port stands out at 19th position.

Adani Ports Feature in Global Container Port Performance Index

June 19, 2024 19:19

Four Adani Ports, including Mundra, Kattupalli, Hazira, and Krishnapatnam, have been recognized in the World Bank's Container Port Performance Index 2023.

Bengaluru Water Charges Hike: Karnataka Deputy CM Hints at Increase

June 19, 2024 14:42

Karnataka Deputy CM D K Shivakumar hints at a possible hike in Bengaluru's monthly water charges, citing financial strains faced by BWSSB. The increase aims to fund new projects and address the...

IFC commits USD 105 mn to Brookfield's Bikaner Solar Power project

June 17, 2024 16:37

IFC commits USD 105 million to Brookfield's 550 MW Bikaner Solar Power project in Rajasthan, boosting India's renewable energy capacity and supporting climate goals.

G7 Summit: Migration, Indo-Pacific on Agenda, Modi to Meet Leaders

June 14, 2024 14:25

The G7 Summit in Italy discussed migration, Indo-Pacific, and economic security. Prime Minister Modi will address an outreach session on AI, Energy, Africa, and the Mediterranean.

Sri Lanka Thanks India, Bangladesh for Crisis Aid

June 13, 2024 21:17

Sri Lankan President expresses gratitude to India and Bangladesh for crucial financial support during the country's economic crisis, stating it was instrumental in stabilization efforts.

Pakistan to Borrow USD 23 Billion in FY24: Report

June 13, 2024 13:34

Pakistan plans to borrow USD 23 billion in FY24, including debt rollovers, to finance development plans and meet external financing requirements. The country's economic policies remain reliant on...

Maldives Debt Risk: World Bank Warns of High Distress

June 12, 2024 15:56

The World Bank warns of high debt distress risk in the Maldives, highlighting years of overspending and urging fiscal reforms to address the nation's financial vulnerabilities.

India Fastest Growing Economy: 6.7% Growth Forecast - World Bank

June 11, 2024 20:08

India's economy is projected to grow at 6.7% annually for the next three years, according to the World Bank, making it the fastest-growing major economy. The report details factors influencing...

World Bank Boosts Global Growth Forecast to 2.6% in 2024

June 11, 2024 19:55

The World Bank upgraded its global economic outlook, expecting a 2.6% expansion in 2024 driven by US growth. However, the agency warns of sluggish growth in developing countries and risks from high...

Modi Govt Reshaped Budget: Sitharaman

May 27, 2024 12:58

Finance Minister Nirmala Sitharaman highlights the Modi government's reshaping of the Union Budget in the last decade, emphasizing transparency, fiscal prudence, and equitable distribution.

India's Development Path: Different from China, Focus on Quality of Life

May 25, 2024 10:20

India's development path to 'Viksit Bharat' by 2047 won't be like China's, says Capacity Building Commission Chairman Adil Zainulbhai, emphasizing focus on quality of life and infrastructure.

FDI Norms Eased in India: Space Sector, More Liberalization Expected

May 18, 2024 14:49

India's DPIIT Secretary highlights relaxed FDI norms in the space sector and potential for further liberalization under the new government, emphasizing the country's commitment to attracting...

China, Maldives Discuss Debt Relief: Ambassador

May 17, 2024 18:03

China, Maldives' largest creditor, is discussing debt relief options as IMF warns of 'high risk' of debt distress. Ambassador Wang Lixin emphasizes grants and free aid.

Artemis Medicare Raises Rs 330 Cr from IFC for Expansion

May 16, 2024 18:30

Artemis Medicare Services Ltd has secured Rs 330 crore from IFC to fund its expansion plans and enhance its footprint. The investment will improve healthcare accessibility and quality by supporting...

Isha Ambani Calls for More Women in Tech: STEM & Gender Divide

May 15, 2024 17:34

Isha Ambani highlights the gender gap in India's tech workforce, urging for more female STEM graduates and leadership opportunities. She emphasizes the need to close the divide for innovation and...

IMF Doubts Pakistan's Repayment Capacity as Support Team Arrives

May 11, 2024 11:18

The IMF expresses serious doubts about Pakistan's ability to repay its debts, highlighting risks from delayed reforms and high public debt. A support team has arrived in Islamabad to discuss a...

IMF Bailout Talks: Pakistan Seeks Larger Package

May 10, 2024 16:53

An IMF advance team has arrived in Pakistan to discuss a larger and longer bailout package. The IMF review mission is scheduled for May 16, with negotiations for a new loan program expected to...

Pakistan Seeks Debt Rollover Ahead of IMF Talks

May 10, 2024 11:52

Pakistan plans to secure USD 12 billion in debt rollovers from China, Saudi Arabia, and the UAE to meet budget targets before IMF talks. The country is facing a significant external financing gap.

India Aims for High Ranking in World Bank's Business Ready Report

May 5, 2024 13:40

India's commerce ministry is working to improve its ranking in the World Bank's upcoming Business Ready report, focusing on international trade. The report, replacing the Doing Business...

Sri Lanka Rupee Gains Against Major Currencies: Minister

May 3, 2024 16:17

Sri Lanka's rupee has shown appreciation against major currencies including the US dollar, Euro, and Indian rupee, fueled by Indian assistance and IMF bailout.

Sri Lanka Services Multilateral Loans Despite Default: Minister

May 2, 2024 15:32

Sri Lanka continues to service multilateral debt despite defaulting on bilateral loans in 2022, prioritizing financial discipline for economic recovery. The country is still negotiating debt...

Malaysia's Elderly Face Fuel Subsidy Removal, Rising Costs

April 29, 2024 13:09

Fuel subsidy removal in Malaysia will significantly impact the elderly, exacerbating cost-of-living challenges and highlighting the need for stronger support systems. Read more about the...

India's FY25 GDP Growth Forecast: Deloitte Projects 6.6% - Economic Outlook

April 26, 2024 11:02

Deloitte predicts India's FY25 GDP growth at 6.6%, driven by consumption, exports, and capital flows. Learn about the economic outlook and factors influencing the prediction.

Pakistan to Negotiate New IMF Bailout Package - Dawn News

April 21, 2024 12:59

Pakistan's Finance Minister confirms IMF team will visit in May to discuss a new long-term bailout package. The country aims to secure a staff-level agreement by mid-July.

Climate Finance Stalled at World Bank & IMF Meetings | COP29 Concerns

April 21, 2024 11:03

The World Bank and IMF meetings concluded without a concrete climate finance plan, raising concerns about meeting the USD 100 billion goal and addressing the trillions needed for climate action....

Pakistan Seeks IMF Bailout: USD 6-8 Billion Request

April 20, 2024 11:29

Pakistan has formally requested a new IMF bailout package of USD 6-8 billion, seeking to address its economic challenges and secure macroeconomic stability.

India's G20 Presidency Applauded at IMF & WB Meetings

April 20, 2024 09:12

India's role in building consensus on key global issues during its G20 presidency has been widely praised at the IMF & World Bank Spring Meetings. Read more.

US Urges Pakistan to Prioritize Economic Reforms

April 19, 2024 17:50

The US has urged Pakistan to prioritize economic reforms to address its challenges during meetings with Finance Minister Muhammad Aurangzeb.

India's Economy Shows Robust Growth Amidst Global Slump - Economic Affairs Secretary

April 19, 2024 09:12

India's economy has shown robust growth despite global challenges, driven by strong consumption and investment, according to India's Economic Affairs Secretary.

IMF Ready to Support Pakistan's Economic Reform

April 19, 2024 08:13

The IMF is ready to support Pakistan in key reforms to improve its economic situation, including fiscal reforms, energy sector reform, and boosting private sector growth. The Fund believes that...

World Bank's Banga Tackles Climate Change, Poverty, War

April 19, 2024 01:36

World Bank President Ajay Banga discusses tackling global challenges like climate change, poverty, and war, focusing on new initiatives, climate finance, and development projects.

IMF Warns of Global Economic Worries: Inflation, Debt & More

April 18, 2024 19:47

IMF chief Kristalina Georgieva expresses concerns about global economic outlook, citing inflation, rising government debt and weak productivity. She urges countries to build fiscal resilience.

Time's 100 Most Influential: Ajay Banga, Alia Bhatt, Sakshi Malik

April 17, 2024 19:50

World Bank President Ajay Banga, Bollywood actor Alia Bhatt, Olympian Sakshi Malik, and other Indians feature on Time's 100 Most Influential People list.

Iran Tensions Threaten Global Economy: Yellen Warns of New Sanctions

April 17, 2024 08:19

Treasury Secretary Janet Yellen warns of global economic damage from Iran's actions, as the Biden administration prepares new sanctions against Tehran's missile and drone program.

IMF: India Strong Performer, 6.5% Growth in 2024

April 17, 2024 01:00

The IMF projects India's economy to grow at 6.5% in 2024, making it one of the strongest performers globally. This growth is driven by robust domestic demand and a rising working-age population.

Yellen Warns of Iran's Economic Impact, More Sanctions

April 16, 2024 21:20

Treasury Secretary Janet Yellen warns of potential global economic damage from Iran's actions and pledges more sanctions against Tehran.

IIM Calcutta, Josh Talks Launch 'City Champions' for Sustainable Urban Development

April 16, 2024 19:08

IIM Calcutta Innovation Park and Josh Talks launch 'City Champions 2024', an initiative to support organizations working towards sustainable urban development in India. The program aims to empower...

IMF Raises India's Growth to 6.8% in 2024

April 16, 2024 18:32

The International Monetary Fund (IMF) has raised India's growth projection to 6.8% in 2024, citing strong domestic demand and a rising working-age population. This makes India the fastest growing...

Pakistan Needs 2-3 Years for IMF Reforms: Finance Minister

April 16, 2024 14:12

Pakistan's Finance Minister says the country needs 2-3 years to implement IMF reforms, warning of another bailout if they fail. The IMF has agreed to a new loan package, but structural reforms are...

Lighthouse Funds Invests Rs 700 Cr in Parsons Nutritionals

April 15, 2024 13:57

Lighthouse Funds invests Rs 700 crore in Parsons Nutritionals, a contract manufacturer in the FMCG space. The investment is the third from Lighthouse India Fund IV.

World Bank Invites Rakesh Mohan to Economic Advisory Panel

April 4, 2024 16:53

Rakesh Mohan, member of India's Economic Advisory Council to the Prime Minister, has been invited by World Bank President Ajay Banga to join the World Bank Group's Economic Advisory Panel.

Pakistan Poverty Risk: World Bank Warns of 10 Million More at Risk

April 3, 2024 19:32

The World Bank warns that over 10 million people in Pakistan are at risk of falling into poverty due to a sluggish economy and high inflation. The report highlights the challenges facing the...

Pakistan Poverty Risk: World Bank Warns of 10 Million More in Poverty

April 3, 2024 14:42

The World Bank warns of 10 million more people at risk of poverty in Pakistan due to sluggish economic growth and high inflation. The report highlights the country's economic struggles and the...

India Economy to Grow 7.5% in 2024: World Bank

April 3, 2024 06:40

The World Bank projects India's economy to grow at 7.5% in 2024, driven by strong services and industry sectors. South Asia's growth outlook remains bright but faces challenges.

IndoEdge Acquires 8% Stake in MG Motor India: CCI Approval

April 2, 2024 22:20

The Competition Commission of India (CCI) has cleared IndoEdge's proposed acquisition of an 8% stake in MG Motor India. The deal involves IndoEdge India Fund - LVF Scheme, a large value fund for...

Sri Lanka Economy Recovers, Poverty Rises: World Bank

April 2, 2024 21:20

Sri Lanka's economy is improving, but poverty rates continue to climb, according to a World Bank report. The report highlights economic recovery, poverty concerns, and the need for structural reforms.

India GDP Growth: 6.8% in FY''25, Upper Middle-Income by 2031

March 6, 2024 12:50

Crisil projects India''s GDP growth at 6.8% in FY''25 and predicts the country will become an upper middle-income nation by 2031. Learn about India''s economic outlook...

India's Economy Soars 8.4% in Q3, Fastest in 18 Months

February 29, 2024 21:03

India's economy grew by 8.4% in the October-December quarter, the fastest pace in 18 months, driven by manufacturing and services sector growth. The strong performance comes ahead of general...

India Pushes for Open Payment Systems at WTO to Cut Remittance Costs

February 26, 2024 11:15

India is advocating for open and interoperable payment systems like UPI at the WTO to reduce remittance costs, benefiting both individuals and economies. The country aims to build coalitions to...

World Bank Needs Restructuring: N K Singh at Raisina Dialogue

February 23, 2024 17:13

N K Singh, Co-Convenor of the Expert Group on MDB Reforms, calls for World Bank restructuring, including private capital attraction and increased capital base.

India Aims to Be Green Energy Exporter by 2047: Kant

February 22, 2024 13:20

G20 sherpa Amitabh Kant urges India to become a green energy exporter by 2047 to attract capital and address climate change. He emphasizes the need for renewable energy and policy framework.

World Bank to Explore Collaborative Water Management with India

February 21, 2024 22:06

India's Finance Minister asks World Bank to explore a collaborative approach to water management, focusing on restoration and rehabilitation of water bodies.

PFC & Goa Govt Partner for Green Energy Initiatives

February 20, 2024 19:25

PFC and the Goa government have signed an MoU to support green energy initiatives in the state, including renewable energy, green hydrogen, and electric vehicles.

Goa & World Bank Partner for Climate Resilience Finance

February 20, 2024 12:19

Goa and the World Bank collaborate on a blended finance facility to support climate-resilient investments, focusing on renewable energy, e-mobility, and coastal protection.

India Needs Rs 30 Lakh Cr for Emission Targets: IREDA

February 15, 2024 15:25

India requires Rs 30 lakh crore investment over 6 years to achieve its carbon emission reduction targets, as per IREDA. The investments will be directed towards renewable energy sectors like solar,...

Indonesia Election: Growth vs. Environment

February 9, 2024 11:02

Indonesia's presidential election pits economic growth against environmental concerns as the country seeks to balance resource exploitation with a green transition.

Rs 6,000 Crore Fishery Scheme Approved, FIDF Extended

February 8, 2024 21:57

India's Cabinet approves a Rs 6,000 crore scheme for fisheries formalization and extends the Fisheries Infrastructure Development Fund for another 3 years.

Sri Lanka Debt Restructuring Slow, Growth at 1.6%

February 7, 2024 14:25

Sri Lanka's debt restructuring faces delays despite a 1.6% growth rate in Q3 2023. President Wickremesinghe outlines economic progress and challenges.

India's Economy: Strong Growth & Transformation | FM Speech

February 1, 2024 11:48

Finance Minister Nirmala Sitharaman highlights the positive transformation of India's economy in the last 10 years, with growth projections pointing towards a USD 5 trillion economy by 2026.

Indian Economy Transformation: FM Highlights Growth & Future Prospects

February 1, 2024 11:15

Finance Minister Nirmala Sitharaman highlights the Indian economy's positive transformation in the last 10 years, including robust growth, structural reforms, and a brighter future outlook.

EU Approves Plan to Use Frozen Russian Assets for Ukraine

January 30, 2024 19:29

EU nations agree to a plan that would use profits from frozen Russian assets to help rebuild Ukraine, a step towards addressing the nation's urgent needs.

Himachal Pradesh Budget 2024-25: Rs 9,989.49 cr Plan

January 29, 2024 19:06

Himachal Pradesh CM Sukhvinder Singh Sukhu unveils a Rs 9,989.49 crore budget plan for 2024-25, aiming for self-reliance and prosperity. Learn more about the key features and priorities.

Customs 2.0: India Aims for Automated Trade Interface

January 27, 2024 18:44

India's Revenue Secretary announces Customs 2.0, a fully automated trade interface system, aiming to improve the country's World Bank logistics ranking.

Pakistan Seeks USD 2 Billion Loan from China

January 27, 2024 16:37

Pakistan requests a USD 2 billion loan from China to alleviate its economic crisis, seeking debt rollover and further financial assistance.

Climate Resilient Agrifood Systems Investment Forum in India

January 24, 2024 17:47

NITI Aayog, MoA&FW, and FAO launch an investment forum to advance climate-resilient agrifood systems in India, focusing on partnerships, investments, and technical support for farmers.

Kerala to Launch Single-Window System for Plantation Sector

January 20, 2024 20:49

Kerala Law Minister P Rajeeve announces a single-window system to expedite repurposing of plantation land. The system will come into effect in 2024-25.

World Bank Chief Urges Urgency on Climate, Poverty Crises

January 18, 2024 22:05

World Bank President Ajay Banga calls for urgent action to address intertwined crises of climate change, poverty, and fragility at the World Economic Forum.

India's Investment Grade Rating Affirmed by Fitch at 'BBB-'

January 16, 2024 23:01

Fitch Ratings affirms India's sovereign rating at 'BBB-' with a stable outlook, citing robust growth prospects and sound external finances. The agency expects India's GDP to grow at 6.9% in FY24...

India's Private Capital Expenditure to Pick Up: MPC Member

January 16, 2024 16:44

RBI MPC member Jayanth R Varma predicts increased private capital expenditure in coming years, citing rising capacity utilization and government's infrastructure investments.

CEOs Fear Company Survival Amid AI, Climate Challenges - Survey

January 15, 2024 23:28

A new survey reveals growing CEO concerns about company survival due to AI and climate change, despite an improving global economy. Read more about the challenges and opportunities.

India's Multidimensional Poverty Declines: NITI Aayog Report

January 15, 2024 20:22

India witnessed a significant reduction in multidimensional poverty, with 24.82 crore people escaping poverty in nine years, according to a new NITI Aayog report. Uttar Pradesh, Bihar, and Madhya...

WEF Davos 2024: Macron, Li Qiang, Zelenskyy to Attend

January 14, 2024 14:14

World Economic Forum (WEF) in Davos, Switzerland, brings together global leaders, including Macron, Li Qiang, and Zelenskyy, to address climate, conflicts, and fake news.

Japan Awaits Sri Lanka Debt Restructuring for Project Resumption

January 12, 2024 19:41

Japan is hopeful that Sri Lanka's debt restructuring will be finalized soon, allowing for the resumption of stalled projects in the nation. The two countries discussed future collaboration,...

India's Maritime Rise: Sonowal on Port-Led Growth & Global Leadership

January 11, 2024 18:37

India is poised to become a global maritime leader, driven by port-led industrialization, increased investment, and ambitious export targets, says Shipping Minister Sonowal at Vibrant Gujarat.

Rupee Rises 10 Paise vs US Dollar: Factors & Outlook

January 10, 2024 20:26

The Indian rupee strengthened against the US dollar, driven by positive domestic factors like rising equity markets and easing crude prices. Experts predict slight negative bias in the short term.

Rupee Jumps 11 Paise to 83.02 vs Dollar - 6th Straight Gain

January 10, 2024 15:57

The Indian rupee rose 11 paise to close at 83.02 against the US dollar on Wednesday, marking its sixth straight gain. The strengthening was driven by a firm equity market, easing crude prices, and...

Global Economy to Slow in 2024: World Bank

January 9, 2024 20:45

The World Bank predicts the global economy will slow for a third straight year in 2024, with growth expected to reach 2.4%. High interest rates, inflation, and a slumping Chinese economy are...

WEF Davos 2024: Macron, Li Qiang, Zelenskyy to Attend

January 9, 2024 19:53

Over 2,800 leaders, including 60 heads of state, will gather in Davos for the World Economic Forum's annual meeting, focusing on rebuilding trust amidst global challenges. Key attendees include...

World Bank Chief: Private Investment Key for Global Economy

January 9, 2024 18:29

World Bank President Ajay Banga stresses the need for private sector investment to tackle global challenges, highlighting that governments and multilateral banks lack the funds required.

Bangladesh Election: Economy at Risk as Hasina Wins

January 4, 2024 10:18

Bangladesh's economy faces a fragile future as Sheikh Hasina secures a fourth term, raising concerns about debt, sanctions, and political instability.

Gujarat Public Health Infrastructure Sees Robust Improvement: Govt Data

January 3, 2024 14:02

Gujarat's public health infrastructure has significantly improved in the last two decades, with increased medical facilities, medical colleges, and funding for health schemes, according to...

Sri Lanka Must Stick to IMF Programme: Central Bank

December 30, 2023 13:03

Sri Lanka's central bank governor emphasizes the need to continue the IMF bailout program despite opposition claims. The IMF has already released the second tranche of the USD 2.9 billion package.

India Logistics Sector Outlook 2024: Growth & Challenges

December 29, 2023 17:07

India's logistics sector is poised for growth in 2024 driven by demand, investments, and government initiatives. However, global supply chain disruptions and the Red Sea crisis pose challenges.

Tax Collection to Rise 3 Times in 10 Years of Modi Govt

December 29, 2023 11:07

India's tax collections are projected to rise to over Rs 19 lakh crore in the next fiscal year, driven by strong economic growth and tax reforms. This news article provides an in-depth analysis of...

Pakistan's Economic Model Needs Change: World Bank

December 28, 2023 14:31

World Bank warns Pakistan's economic model is failing, urging policy changes to address poverty, climate impacts, and promote sustainable growth.

PPP e-Course Launched for Infra Capacity Building in India - World Bank & Finmin

December 22, 2023 22:33

World Bank and India's Finance Ministry launch a PPP Beginner's e-Course to enhance infrastructure capacity building in India. The course covers key aspects of PPP project lifecycle.

SBI Signs USD 165 Million LoC for Rooftop Solar

December 22, 2023 17:46

SBI signs a USD 165 million line of credit with the World Bank to support rooftop solar projects in India. This is part of SBI's commitment to promoting renewable energy.

Lebanon Faces Recession: World Bank on Gaza War Impact

December 21, 2023 20:00

The World Bank warns that Lebanon's fragile economy, recovering from years of crisis, is likely to be pushed back into recession due to the Gaza war's ripple effects.

India Bond Market Reaches USD 2.47 Trillion: Report

December 21, 2023 18:48

India's bond market saw a surge in outstanding bonds to USD 2.47 trillion in the July-September quarter, driven by government bonds and corporate debt. Learn more about the latest trends in the...

World Bank Chief Banga Meets Indian Finance Minister: MDB Engagement

December 20, 2023 21:31

World Bank President Ajay Banga met with India's Finance Minister Nirmala Sitharaman to discuss the role of multilateral development banks in India's growth and the implementation of G20...

World Bank Releases $250 Million to Sri Lanka, Citing Reforms

December 20, 2023 18:03

The World Bank has released a second tranche of $250 million to Sri Lanka, citing continued progress on the country's economic reform programme. The funds are intended to help stabilize the...

India Tops Remittance Flows at USD 125 Billion in 2023: World Bank

December 19, 2023 20:57

India received the highest amount of remittance inflows globally in 2023 at USD 125 billion, driven by factors like the UAE agreement and strong labor markets in high-income countries. Learn more...

BEE Suggests Replacing Old ACs for Efficient Cooling & Emissions Cut

December 18, 2023 22:12

Bureau of Energy Efficiency (BEE) recommends replacing air conditioners older than 8 years with modern, efficient systems to reduce carbon emissions by 2030-31. The move aims to address India's...

Govt & WB to Promote Affordable Cooling Devices: DPIIT Secy

December 18, 2023 15:30

India and the World Bank are partnering on a project to promote manufacturing and availability of affordable cooling devices in India, addressing heat stress and promoting energy efficiency.

Gujarat Pushes for Modern Tech in Fisheries

December 18, 2023 12:01

Gujarat, with its vast coastline, seeks to modernize its fisheries sector by promoting deep-sea fishing and technological advancements, aiming to boost economic growth and improve fisherfolk...

Logistics Performance Index: 13 States & UTs Achieve Top Ranking

December 16, 2023 17:19

India's Logistics Ease Across Different States (LEADS) 2023 report reveals 13 states and UTs as 'achievers' in logistics efficiency, including Andhra Pradesh, Karnataka, Tamil Nadu, and Gujarat....

India's Logistics Cost: 7.8-8.9% of GDP in FY22 - NCAER

December 14, 2023 20:16

India's logistics cost ranged from 7.8% to 8.9% of GDP in FY22, according to NCAER estimates. The government aims to reduce costs and improve India's logistics ranking.

India's Logistics Cost: 7.8-8.9% of GDP in FY22 - NCAER

December 14, 2023 15:28

NCAER estimates India's logistics cost ranged between 7.8% and 8.9% of GDP in FY22. The government is working to reduce costs and improve India's logistics performance.

China Economy to Slow Sharply in 2024: World Bank

December 14, 2023 14:05

The World Bank forecasts China's economic growth to slow to 4.5% in 2024, citing a fragile recovery and concerns over the property sector and global demand.

India to Release Logistics Cost Framework on Thursday

December 13, 2023 22:09

India's government will release a framework to assess the country's logistics cost on Thursday, aiming to optimize costs and enhance global competitiveness.

Myanmar Economy Deteriorates Amid Civil Conflict - World Bank

December 12, 2023 20:23

Myanmar's economy is projected to shrink, with the World Bank citing escalating conflict, displacement, and economic mismanagement. The report highlights the impact on trade, inflation, and key...

India's Coal Reliance to Continue: Govt

December 11, 2023 15:04

India's transition away from coal is not expected in the near future, with the government emphasizing the need for affordable energy and coal's role in job creation.

India's GDP Growth: PM Modi Highlights Reforms, Future Vision

December 9, 2023 13:55

PM Modi attributes India's strong GDP growth to transformative reforms, envisions India as world's third largest economy and a developed nation by 2047.

Private Investment Key to India's Economic Growth: CEA

December 8, 2023 20:39

CEA Nageswaran emphasizes the crucial role of private investment in boosting India's economic growth, urging the private sector to embrace uncertainty and invest proactively. He cites government...

India's Economy Projected to Grow at 6.5% in FY24: CEA

December 7, 2023 21:18

India's economy is expected to grow at 6.5% in FY24, according to Chief Economic Advisor V Anantha Nageswaran. The growth is driven by strong performance in manufacturing, mining and services...

ADB & World Bank: Boosting Nepal's Hydropower

December 7, 2023 19:23

The Asian Development Bank and World Bank have partnered to support Nepal's hydropower sector, focusing on the Upper Arun and Dudh Koshi projects, and aiming to unlock the country's vast potential...

Pakistan Secures USD 658 Million ADB Package

December 7, 2023 15:38

Cash-strapped Pakistan receives USD 658 million from the ADB, including a USD 300 million loan at market rates, to address debt and flood recovery.

India's Logistics Efficiency: Targeted Action Plan to Improve Global Ranking

December 7, 2023 14:11

India aims to improve its logistics efficiency and global ranking in the World Bank's LPI, with a targeted action plan shared across departments and big data generation.

Pakistan Secures $655M ADB Package Amid Debt Crisis

December 7, 2023 13:53

Pakistan secures $655 million from the ADB, including a $300 million market-rate loan, amid growing debt concerns and an 'unsustainable' debt burden. The package aims to boost domestic resource...

Green Vessels: Shipping Ministry, World Bank & Cochin Shipyard Discuss Initiatives

December 1, 2023 21:07

The Ministry of Ports, Shipping and Waterways, World Bank, and Cochin Shipyard discussed green vessel initiatives, including financing, construction, and green fuel options.

India Economy to Grow 6.5% in FY24: CEA

November 30, 2023 22:33

India's economic growth momentum is expected to continue in the October-December quarter, with the CEA confident of a 6.5% growth rate for FY24, driven by investment and consumer spending.

India's Economic Growth to Continue in Q3 FY24, CEA Confident on 6.5% FY24 Forecast

November 30, 2023 22:21

India's economic growth momentum to continue in Q3 FY24, CEA confident on 6.5% FY24 forecast, driven by strong investment and consumer spending.

Sri Lanka Nears Debt Restructuring: IMF Bailout On Track

November 29, 2023 15:30

Sri Lanka is nearing a debt restructuring agreement with creditors, paving the way for the IMF to release the second tranche of its USD 2.4 billion bailout package. President Wickremesinghe says...

India's FY'24 Growth Forecast Upgraded to 6.4% - S&P

November 27, 2023 16:42

S&P Global Ratings has raised India's FY'24 growth forecast to 6.4%, citing robust domestic momentum. However, it expects growth to slow down in FY'25.

Pakistan Economy: Finance Minister on Growth, Reforms && IMF Bailout

November 24, 2023 16:34

Pakistan's Finance Minister highlights political instability's impact on economic growth, the need for structural reforms, and the successful IMF bailout.

SEZ Restrictions Easing: Goyal on Growth Boost

November 8, 2023 19:12

India's Commerce Minister Piyush Goyal discusses easing restrictions on SEZs to promote growth, including potential RoDTEP scheme expansion and decriminalization efforts.

Company Name
Price
Volume

Vodafone Idea L
9.17 ( -6.43)
158804255

G V Films
0.92 ( -2.13)
92620172

Srestha Finvest
0.93 (+ 4.49)
40021818

GTL Infrastructure
2.21 ( -4.74)
33334323

Spicejet Ltd.
57.56 ( -8.33)
31426149

India Monitors Global Oil Price Surge Amidst...

India is closely monitoring rising oil prices due to escalating tensions in the Middle...

SBM Bank India Appoints Heads for Corporate &...

SBM Bank India has appointed Prakash Jaiswal as Head of Corporate Banking and Nikhil...

Jaguar Land Rover Sales Dip 3% in Q2 | Tata Motors

Jaguar Land Rover reported a 3% decline in retail sales to 1,03,108 units in Q2 FY25,...

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