User: ifinews Topic: IFIs
Category: world-bank :: all
Last updated: Dec 26 2018 20:08 IST RSS 2.0
 
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Rs 630-cr WB loan to modernise State’s ferry services 18.1.2020 The Assam Tribune
Rs 630-cr WB loan to modernise State’s ferry services
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India lost over $1.3 bn to internet shutdowns in 2019 15.1.2020 Rediff: Business
The total cost of internet shutdowns across the world stood at $8.05 billion in 2019, an increase of 235 per cent since 2015-16.
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India may fall into a middle-income trap, from which no country has been able to bounce back 14.1.2020 Scroll.in
What is a middle-income trap, what causes it and how can it be fixed?
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Governor Address 11.1.2020 Central Chronicle
The Budget Session of the Madhya Pradesh Vidhan Sabha started with first address of the new Governor Mrs.Anandiben Patel. There were occasional disruptions by the Opposition Congress questioning the Government claims in certain field. The Budget will be presented on February 28 and the session will end on March 28. The Governor in her address said with determined efforts by her Government the state has made progress in all the field. She mentioned the state was self sufficient in the power potential. General consumers getting 24 hour power supply and for agriculture purposes 10 hour power supply being provided. The power generation of the State is 18,043 megawatt and by next year in 2019 it would be 20,000 mega watt. The transmission losses have down 2.71 per cent which is lowest in the country. In every year it will come down 2 to 3 per cent. She said in this very year upto October 2018 all the 35 lakhs house hold not having power, would get power connection. The ultra mega solar power project of ...
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Global Economy 11.1.2020 Central Chronicle
The Governor of the Reserve Bank of India Mr Shashikanta Dass has warned the Global Economy was moving in uncertain direction. The solution to its problem was being difficult. In the new unstable phase in the global trade and politics the atmosphere has become tense. In the coming year the economic and financial world institutions like the IMF (International Monetary Fund) and the World Bank would be on testing ground. In may nation the level of foreign debt very high. If financial and economic crisis come such nation are bound to face bankruptcy like situation as few years back Greece was an the verge of financial collapse. It could repay the loan taken from IMF and World Bank. The European Union nations formed consortium to salvage the Greece from economic disaster. The IMF and world gave more time to Greece to repay the loans by extending the time limit and rewriting the loans. Presently the Pakistan is in grave financial mess on assuming the office of Prime Minister Mr Imran Khan in his first ...
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World Bank projects India's growth at 7.5 pc in FY19-20 11.1.2020 Central Chronicle
Agencies, Washington The World Bank has said in its Global Economic Prospects Report for 2019 that the Indian economy will grow at a rate of 7.5 per cent during the 2019-’20 financial year, and beyond. The report released on Tuesday here stated that India is set to retain its ‘fastest growing emerging economy’ title. The World Bank stated, "India is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption." As against a growth rate of 6.6 per cent in 2018, China’s growth rate in 2019 is projected to slowdown to 6.2 per cent, and then subsequently to 6.1 per cent in 2020 and 6 per cent in 2021, the bank said. With this, India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China’s 6 per cent. According to the World Bank, growth in India is projected at 7.5 per cent in Fiscal Year 2019-20 (April 1, 2019 to March 31, 2020), unchanged from ...
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Yashwant Sinha urges opposition parties to 'hit the streets' against petrol price hike 11.1.2020 Central Chronicle
New Delhi, Former Union Finance Minister Yashwant Sinha, who recently quit BJP, on Tuesday challenged the opposition parties to 'hit the streets' with protest against escalating prices of petrol to expose the government failure on the demonetisation move. "Petrol, diesel and gas prices are rising and are hitting all time highs daily. Why are opposition parties not hitting the streets? What are they waiting for?," Mr Sinha tweeted. Meanwhile, in an article in NDTV website, Mr Sinha flayed the government for its demonetisation move and said according to a World Bank report, the Indian economy declined by 7.3 per cent in the first two months after note ban was enforced. "The damage done to the economy through this foolish exercise is yet to be calculated, like all the notes are yet to be counted. Perhaps both these tasks would have to be done by the next government," he wrote.
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Imran Economic Measures 11.1.2020 Central Chronicle
The Pakistan Prime Minister Mr.Imran Khan is taking urgent measures to salvage the country from the impending economic disaster. The country is facing Greece like financial insolvency and has no money to pay even the interest on the foreign debts. The debt on Pakistan is whopping 28 trillion dollar. Apart from principal amount the Pakistan Government has to borrow afresh more loans to pay the interest over it. It is clear that debt burden on Pakistan will further increase and it will trap the country in vicious circle of loans mounting on it. The economic measures that are being adopted are very good in public sense but very meager to face or clear off debt burden. But Mr.Imran is moving in that direction and further on may succeed in paying off debt on it and maintain the economic viability of the country. The Greece took 8 years to come out of economic and financial mess that too with help of others like nations of European Union giving financial packages and the World Bank and the International ...
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1971 'Garibi Hatao' did not help poor, Modi Govt to shun populism: Jaitley 11.1.2020 Central Chronicle
New Delhi, Senior BJP leader and Union Minister Arun Jaitley on Friday hailed latest World Bank data that places India as the sixth largest economy surpassing France and asserted that Narendra Modi-led dispensation will not follow the Congress model of 1970s and 1980s that was mere 'populist'. He said Prime Minister Narendra Modi has shaken the "traditional thinking process" and ensured that rural India and the less privileged get the first right of resources. "If this and increased expenditure continues for the next decade, the impact on India’s rural poor would be very significant. This benefits all – irrespective of religion, caste or community. The Congress provided India’s poor with slogan. Mr Modi has given them resources," Mr Jaitley said. "We will not follow the model of 1970s and 1980s of the Congress. That model essentially involved populist slogans rather than sound policy and actual expenditure for the welfare of the poor," Mr Jaitley wrote in an article posted on Facebook. In this ...
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India - Advanced Economy 11.1.2020 Central Chronicle
According to the World Bank updated assessment India has become world’s 6th largest economy replacing France in the list of 7 nations. The calculation on rupee in the list of the nations the America is first with GDP of 1379 lakh crores of rupees, the second is China with GDP of 963 lakh crores, the third is Japan with 351 lakh crores, 4th is Germany 289 lakh crores, the 5th is Britain with 202 lakh crores, 6th is India with 168 lakh crores of rupees and 7th is France with 178 lakh crores. It is a matter of happiness that we are advancing economy but not a matter of satisfaction with the feeling of achievement. Because with France we are very marginally ahead with just one lakh crores. We in no way in economic race with a European country France. In the 7 nation list the China is in second position with GDP of 963 lakh crores ahead of India with massive 785 lakh crores. We are big in size and population of 134 crores people while France is middle size nation with the population of 6.7 crores only. But ...
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BJP targets Rahul, sees Congress pattern in Tharoor's 'Hindu Pakistan' remark 11.1.2020 Central Chronicle
New Delhi, The BJP on Thursday stepped up attack against Congress party and its Lok Sabha MP Shashi Tharoor for the 'Hindu Pakistan' remark and said these observations are highly objectionable. "Mr Rahul Gandhi, such kinds of abuses against Indian democracy your leaders have been using is something which has become a constant feature of the Congress party," BJP spokesman Sambit Patra told reporters here. This statement and use of the phrase 'Hindu Pakistan' is deliberate and it makes an assault on Indian democracy, he said adding "the remarks also make assault on the Hindus". Mr Patra said while there is a general mood of satisfaction in the country that the Indian economy has surpassed France - as per the latest World Bank report - but the statement was an "insult" to compare the world's sixth largest economy with Pakistan. "Modiji aur Bhajpa se nafrat karte karte, Congress party Hindustan ke Loktantra ke khilaf bolna arambh kar dete haen (By their sheer hatred for Prime Minister Narendra Modi and ...
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WB Fund for Colleges 11.1.2020 Central Chronicle
The World Bank will provide Rs.204 crores for the development of 152 Government colleges in the Madhya Pradesh. Each college will get Rs.7 to 10 crores in this first phase of the project. The Higher Education Department of Madhya Pradesh will soon sign MOU (Memorandum of Understanding) with the World Bank soon. These 152 colleges selected on the valuation carried on 438 colleges. In the second phase of the project, 50 more colleges will be covered under it. The colleges from capital Bhopal are the Sarojini Naidu Girls College, Gitanjali College, MVM College, MLB College, Hamidia College, Benazir College, Government College of Narela are included. The Colleges from Berasia, Sehore, Ashta, Nazarullahganj, Raisen, Vidisha, Ganj Basoda, Hoshangabad, Itarsi, Piparia, Harda, Timarni, Betul, Bhind, Morena, Rewa, Sidhi, Satna etc are also included. The Government must ensure with this World Bank development fund construction of permanent value and utility are set up. Halls, Toilets, Hostel,extra ...
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Solar Parks of 1500 mw to be established in Agar, Shajapur & Neemuch 11.1.2020 Central Chronicle
Chronicle Reporter, Bhopal The state government has already made preparations to set up Solar Parks in Shajapur, Agar and Neemuch after the successful establishment of Rewa Solar Project, the biggest solar power project of the country. A Financial Advisory Services Agreement has been signed in this connection between the New and Renewable Energy Department and International Finance Corporation (IFC) of the World Bank today. The Principal Secretary New and Renewable Energy on behalf of the department and Regional Manager of the Asia Pacific Sushri Isabell Chatterton on behalf of the IFC signed the agreement in the presence of Minister for New and Renewable Energy Narayan Singh Kushwaha. The Shajapur Solar Park will have 500 M.W.capacity, whereas Agar and Neemuch Solar Parks will have 550 and 450 M.W. capacity. The Rewa Solar project of Madhya Pradesh, one of the biggest solar power projects of the World has been presented by the Union Government as the model before other states. The project has also ...
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GST Most Complicated 11.1.2020 Central Chronicle
The World Bank has assessed and assailed the India’s Goods and Service Tax (GST) as most complicated format. The World Bank is its study report of 115 countries said India’s tax rate is second highest in the world. The Modi Government launched the GST on 1st July 2017 in five stab 0-5-12-18-28 percent taxation on Goods and Services in India. The World Bank mentioned that 49 countries have only one slab in its GST while 28, have 2 slab GST but five countries India, Pakistan, Italy, Laxemburg, and Ghana have 5 slab GST system. The economies of these five countries are unstable. Actually it was Congress led UPA Government that formulated GST scheme but at that time the BJP in Opposition opposed and it could not be implemented. But when BJP Government came to power at the Centre with Modi Ministry they were very keen to implement it and Congress in opposition cooperated and it become law. The aim of the GST is to have one taxation for the whole country one price tag on all the items and one national ...
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World Bank lowers India GDP growth projection for 2019-’20 from 6% to 5% 9.1.2020 Scroll.in
However, the growth is likely to recover to 5.8% in the following year, the World Bank said.
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KVK Morigaon sets up Custom Hiring Centre 29.12.2019 The Assam Tribune
KVK Morigaon sets up Custom Hiring Centre
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On road to Eco revival, Modi Govt aims to push drastic reforms in Budget 2020 27.12.2019 Central Chronicle
New Delhi, Charting out new road map for economic revival in the next few months, the ruling BJP-led dispensation is unsure of undertaking drastic and sweeping reform strategy like privatisation. Closer interaction with party leaders suggest there is a lobby which would continue to press for protectionist trade policies and conservatism. The new Budget 2020-21 […]
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Atal Bhujal Yojana launched 26.12.2019 Projects Monitor

Prime Minister Narendra Modi launched the Atal Bhujal Yojana (ATAL JAL) in New Delhi on 25 December 2019. ATAL JAL has been designed with the principal objective of strengthening the institutional framework for participatory groundwater management and bringing about behavioral changes at the community level for sustainable groundwater resource management in seven states — Gujarat, […]

The post Atal Bhujal Yojana launched appeared first on India's first NewsPortal on Projects.

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Cabinet approves Atal Jal scheme to improve ground water management in 7 states 24.12.2019 Central Chronicle
New Delhi, The Union Cabinet on Tuesday gave its approval for the implementation of the Atal Bhujal Yojana (ATAL JAL), a Central Sector Scheme with a total outlay of Rs 6,000 crore to be implemented over a period of five years. Briefing the reporters after the meeting, chaired by Prime Minister Narendra Modi, Union Minister […]
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Govt taking steps helping India to inch up its ease of doing business ranking 24.12.2019 Central Chronicle
New Delhi, India has recorded continuous improvement in its ease of doing business ranking issued by the World Bank on account of steps taken by the government in this regard including new Export Credit Insurance Scheme for exporters, National Logistics Policy and Startup India Initiative among others. India ranks 63rd among 190 countries improving by […]
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