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The war has had a relatively small impact on the global economy, the World Bank President said. Washington: World Bank President Ajay Banga said on Tuesday that war damage from Israeli strikes on Gaza is now probably in the $14-20 billion range, and destruction from Israel’s bombing of southern Lebanon will add to that regional…
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Observing that there is a lack of information about how much progress India has made, former Indian Minister Smriti Irani on Monday (September 16, 2024) said the financial prospects of the country have not been fully explored internationally. “I don’t think the financial prospects of our country are fully explored internationally. India as an economy…
World Bank had in June projected India to grow at 6.6% for FY24. File | Photo Credit: Reuters The World Bank on Tuesday (September 3, 2024) raised the growth forecast for the Indian economy to 7% for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had…
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The Yojana has garnered global praise for its transformative impact on financial inclusion. (File) New Delhi: The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country. The scheme launched in 2014, has proven to be the foundation stone…
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India faces serious obstacles in becoming high-income countries in the next few decades, the report said. More than 100 countries, including India, face serious obstacles in becoming high-income countries in the next few decades, and New Delhi may take nearly 75 years just to reach one-quarter of US income per capita, a World Bank report…
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Washington: India received $120 billion in remittances in 2023, almost twice the $66 billion received by Mexico in the same period, the World Bank said in a report released on Wednesday. China ($50 billion), the Philippines ($39 billion), and Pakistan ($27 billion) figure among the top five nations in the list released by the World…
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Adani Ports has seven located ports and terminals on the western coast and eight on east. Ahmedabad: Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious ‘Container Port Performance (CPP) Index 2023’, developed by the World Bank and S&P Global Market Intelligence. While…
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Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected…
Puja Yadav at her ‘Jobless Chai Wali’ stall in Lucknow Lucknow: Not paid salary for three months and after a futile search for another three, a 25-year-old woman, a graduate, hit upon an idea for a start-up. A tea stall. She named it ‘Jobless Chai Wali’. “I appeared for jobs, but it was difficult to…
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Economic activity is subdued in Pakistan, the World Bank noted. Representational | Photo Credit: Reuters The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country. The Washington-based lender’s apprehension comes from a…
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