World Bank backtracks on China criticism

Last Updated: Friday, July 17, 2015, 17:12

The World Bank Friday refuted claims that it withdrew a report critical of China's financial sector under pressure from the Chinese government and said the economic fundamentals of the country are sound despite the recent equity market volatility.

Ficci-World Bank join hands to advance Millennium Alliance

Last Updated: Tuesday, July 14, 2015, 00:21

Industry body Ficci Monday announced a partnership with the World Bank to advance the Millennium Alliance (MA) initiative.

BRICS, AIIB banks to break IMF, WB monopoly: China think tank

Last Updated: Monday, July 13, 2015, 18:40

The formation of the New Development Bank (NDB) by the BRICS nations along with the formation of the Asian Infrastructure Investment Bank (AIIB) will break the monopoly of the IMF and World Bank and make their functioning more democratic, a state-run Chinese think tank has said.

MNREGA world's largest public works programme: World Bank

Last Updated: Wednesday, July 8, 2015, 00:26

India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 percent of the country's population, the World Bank has said.

World Bank removes critical section from China report

Last Updated: Sunday, July 5, 2015, 20:37

The World Bank has removed a sharply critical portion from a recently released report on China's economy that called for reform of its financial system, saying the section had not been adequately reviewed and that its wording was inappropriate.

World Bank approves $650 mn loan for Eastern Freight Corridor

Last Updated: Wednesday, July 1, 2015, 16:32

The Eastern Corridor is 1,840 km long and extends from Ludhiana to Kolkata.

World Bank warns China over state financial control

Last Updated: Wednesday, July 1, 2015, 07:42

The World Bank on Wednesday urged China to accelerate reform of its state-dominated financial sector, warning that failure to address the issue could end "three decades of stellar performance" for the world`s second-largest economy.

China to hold some veto powers in new Asian bank

Last Updated: Monday, June 29, 2015, 16:00

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers.

57 countries hold signing ceremony to set up China-led bank: AFP

Last Updated: Monday, June 29, 2015, 07:46

The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday.

Ease of doing business: DIPP initiates extensive survey in states

Last Updated: Monday, June 15, 2015, 19:29

The questionnaire also include queries on land banks available for industrial use, digitised land records at local municipality office and provision for e-filing for commercial disputes at district courts, among others.

World Bank sees slower global growth, urges Fed to wait on rates

Last Updated: Thursday, June 11, 2015, 09:52

The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates.

India leads emerging economies in growth chart, GDP set to surpass China this year

Last Updated: Thursday, June 11, 2015, 09:23

India with an expected growth rate of 7.5 percent this year is set to surpass China and for the first time is leading the World Bank's growth chart of major economies.