'More work needed now' by Greece for debt deal: Draghi

Last Updated: Sunday, April 19, 2015, 00:19

European Central Bank chief Mario Draghi said Saturday that Greece needs to do much more, and urgently so, on an acceptable plan to gain further EU financing.

Trillions of dollars needed for new bid to end poverty by 2030

Last Updated: Saturday, April 18, 2015, 11:23

World leaders have drawn up ambitious goals to end extreme poverty by 2030 and promote development over the next 15 years, but now they have to figure out how to pay the bill.

State Bank of India commits itself to financial inclusion

Last Updated: Saturday, April 18, 2015, 11:09

The World Bank Group and a broad coalition of partners, including the State Bank of India, have made commitments that will help promote financial inclusion and achieve universal financial access by the year 2020.

Automatic info exchange only way to tackle black money: Arun Jaitley

Last Updated: Saturday, April 18, 2015, 09:58

Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.

World Bank chief praises PM Modi's Jan Dhan Yojna

Last Updated: Friday, April 17, 2015, 22:44

The World Bank chief Jim Yong Kim on Friday said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people.

Emerging economies criticise US for lack of reforms in IMF

Last Updated: Friday, April 17, 2015, 18:22

Emerging economies have expressed their deep disappointment over the inability of the US to ratify IMF quota and governance reforms that would give countries like India and China a larger say in the financial bodies' decision making process.

Many new accounts in India but dormant ones too: World Bank

Last Updated: Thursday, April 16, 2015, 15:30

Translated into absolute numbers, this growth in number of bank accounts means that 175 million in India became account holders between 2011 and 2014.

Indo-US ties stronger than ever: Jaitley

Last Updated: Thursday, April 16, 2015, 13:23

Jaitley made the remarks at a dinner reception hosted in his honour at the Indian Embassy which was attended by many senior Obama Administration officials and senior ministers.

Pakistan economy to grow by 4.4%: World Bank

Last Updated: Wednesday, April 15, 2015, 12:00

The WB prediction is in line with that of International Monetary Fund and the Asian Development Bank that are also seeing around 4.3 per cent growth, the Express Tribune said.

ECB to keep liquidity floodgates open as recovery gains pace

Last Updated: Wednesday, April 15, 2015, 08:39

The European Central Bank (ECB) will be keen to stress Wednesday that it has no plans to roll back controversial policy measures, as signs multiply that its medicine is beginning to work, analysts said.

FM Jaitley leaves for US today to attend IMF-World Bank meet

Last Updated: Tuesday, April 14, 2015, 09:00

Finance Minister Arun Jaitley is leaving for the US Tuesday night to attend the IMF-World Bank Spring meetings in Washington.

India's GDP growth rate to reach 8% by 2017: World Bank

Last Updated: Tuesday, April 14, 2015, 08:38

It could reach 8 per cent in FY 2017/18, on the back of significant acceleration of investment growth to 12 per cent during FY 2016-FY 2018, the bank said in its semi-annual report.