Gujarat easiest place to do business in India: World Bank

Last Updated: Monday, September 14, 2015, 21:32

The move would also help in improving India's overall ranking in the global Doing Business Study. India has been placed at 142nd position among 182 nations.

Gujarat is best Indian state for business: World Bank

Last Updated: Monday, September 14, 2015, 18:01

Gujarat was ranked on the top Monday, among states, on the ease of doing business index prepared by the World Bank, while Andhra Pradesh and Jharkhand were placed at the second and third positions, respectively.

China's AIIB to offer loans with fewer strings attached: Sources

Last Updated: Wednesday, September 2, 2015, 08:42

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

IMF, World Bank to hold 2018 annual meetings in Bali

Last Updated: Tuesday, September 1, 2015, 18:58

The International Monetary Fund and the World Bank said Tuesday they would hold their 2018 annual meetings on the Indonesian island of Bali.

$354-bn forex reserves too small to fight a crisis: Kaushik Basu

Last Updated: Wednesday, August 26, 2015, 23:02

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

AIIB negotiators endorse ex-Chinese FM as first president

Last Updated: Monday, August 24, 2015, 23:02

Former Chinese finance minister Jin Liqun has been unanimously endorsed as the official candidate for the AIIB president by the founding member nations, including India, taking another step forward in their bid to create a rival to the World Bank and IMF.

World Bank unveils new conditions for loans

Last Updated: Wednesday, August 5, 2015, 17:42

The World Bank unveiled Tuesday a set of new social and environmental rules for its 188 member nations to receive financial assistance.

'India has potential to become multi-trillion dollar economy'

Last Updated: Wednesday, July 29, 2015, 17:55

About 55 percent of India's population is already working in the services sector but the country has to aim to bring this to 80-85 percent of the population.

NDB's first loan will be in Chinese currency: Kamath

Last Updated: Friday, July 24, 2015, 12:31

The NDB opened in Shanghai on July 21 to finance infrastructure projects, mainly in BRICS countries.

World Bank raises forecast for 2015 global crude prices

Last Updated: Thursday, July 23, 2015, 10:55

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the April to June quarter.

BRICS bank launched in China as alternative to World Bank, IMF

Last Updated: Tuesday, July 21, 2015, 17:08

The New Development Bank (NDB) of the five-nation BRICS bloc headed by eminent Indian banker K V Kamath was inaugurated at a colourful function attended among others by Chinese Finance Minister Lou Jiwei and senior officials from BRICS countries.