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SBI named Best Bank in India for 2024 by Global Finance Magazine

SBI named Best Bank in India for 2024 by Global Finance Magazine

Sun, Oct 27, 2024

State Bank of India (SBI) was recognised as the Best Bank in India for 2024 by Global Finance Magazine of the US at its 31st Annual Best Bank Awards event.

Uzbekistan's economy grows by 6.6% in past 9 months

Uzbekistan's economy grows by 6.6% in past 9 months

Fri, Oct 18, 2024

The statement said that the share of investment in the country's GDP will surpass 33 per cent this year, with exports projected to rise by nearly 19 per cent.

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Tue, Oct 15, 2024

Finance Minister Nirmala Sitharaman is scheduled to leave on Tuesday night for an official visit to Mexico and the US, during which she will attend a host of meetings including annual gatherings of the IMF and the World Bank, and the G20 Finance Ministers' meetings with central bank governors. The finance minister will also engage i bilateral meetings with several countries and organisations during this official trip.

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World Bank to launch COVID-19 emergency programmes

World Bank to launch COVID-19 emergency programmes

Sat, Apr 18, 2020

The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19.

World Bank pandemic bond under pressure as coronavirus spreads

World Bank pandemic bond under pressure as coronavirus spreads

Thu, Feb 20, 2020

A World Bank bond designed to deliver funding to help the world`s poorest countries to tackle fast-spreading diseases has lost half its value on the coronavirus outbreak in China.

Rs 14,000 cr plan to remove 'black spots' from roads: Nitin Gadkari

Rs 14,000 cr plan to remove 'black spots' from roads: Nitin Gadkari

Fri, Dec 06, 2019

Mentioning there are no potholes on Mumbai-Pune Highway which was constructed 25 years ago when he was in Maharashtra government in 1995-2000, the Minister said the design of National Highway now is stronger compared to that.

Proud Moment for India! Country jumps 14 places in Ease of Doing Business from 77th to 63rd spot - Full list

Proud Moment for India! Country jumps 14 places in Ease of Doing Business from 77th to 63rd spot - Full list

Thu, Oct 24, 2019

India is going from strength to strength and the world is taking note. This is reflected in the rising graph of India in global ranking. Significantly, India has further improved its ease of doing business ranking, jumping 14 places to 63rd rank.

IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties

IMF-World Bank Annual Meetings 2019: FM Sitharaman says trade wars, protectionism have generated uncertainties

Sat, Oct 19, 2019

Finance Minister Nirmala Sitharaman called for ‘concerted action’ to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth.

Big boost for the auto industry, MSMEs: World Bank Group arm IFC to channel $200 million into Shriram Transport Finance

Big boost for the auto industry, MSMEs: World Bank Group arm IFC to channel $200 million into Shriram Transport Finance

Thu, Jul 25, 2019

Big boost for the auto industry, MSMEs: IFC, a member of the World Bank Group, will channel $200 million into Shriram Transport Finance to primarily fund purchases of commercial vehicles and support MSMEs.

Credit to small firms: Government in discussions with multiple foreign lenders

Credit to small firms: Government in discussions with multiple foreign lenders

Sat, Jul 20, 2019

A spokesman for World Bank in India on Saturday said the discussions with the government were in the early stages, adding that "further rounds of consultations will help us define the contours of this collaboration".

SBI MD Anshula Kant named World Bank MD and CFO

SBI MD Anshula Kant named World Bank MD and CFO

Fri, Jul 12, 2019

In a proud moment for India, State Bank of India (SBI) Managing Director Anshula Kant was named to the prestigious World Bank (WB) posts of Managing Director and Chief Financial Officer today. This was announced by none other than WB president David Malpass.

World Bank praises China's Belt and Road initiative but asks for more transparency in it

World Bank praises China's Belt and Road initiative but asks for more transparency in it

Wed, Jun 19, 2019

China’s massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said.

India's CreditVidya finds a place in Inclusive Fintech 50 list

India's CreditVidya finds a place in Inclusive Fintech 50 list

Tue, Jun 18, 2019

CreditVidya, India’s leading big data-based credit assessment firm, has been included in the Inclusive Fintech 50, a list of the world’s top early-stage fintech firms driving financial inclusion.

World Bank retains India's growth rate for FY19-20 at 7.5 pct

World Bank retains India's growth rate for FY19-20 at 7.5 pct

Wed, Jun 05, 2019

India is projected to grow at 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said.

World Bank maintains China's 6.2% growth forecast for 2019

World Bank maintains China's 6.2% growth forecast for 2019

Fri, May 31, 2019

"Additional stimulus should be appropriately funded either directly at the central level or through additional fiscal transfers to the provinces. Higher spending on health, education and social protection could help boost demand and improve the quality of services, if combined with reforms to increase efficiency,"

Some reforms in India show benefits of digitalisation, reduction in frauds: IMF

Some reforms in India show benefits of digitalisation, reduction in frauds: IMF

Wed, Apr 10, 2019

External scrutiny by Supreme Audit Institutions (SAIs), parliaments and civil society helps safeguard the integrity of public finances and hold civil servants and elected officials accountable, the IMF said.

India retained top spot in remittances in 2018: World Bank

India retained top spot in remittances in 2018: World Bank

Tue, Apr 09, 2019

India has retained its spot as the world`s top remittance recipient with its diaspora sending $79 billion back home in 2018, the World Bank has said in a report.

India's economic growth driven by domestic demand, need to focus on exports: World Bank

India's economic growth driven by domestic demand, need to focus on exports: World Bank

Mon, Apr 08, 2019

India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth.

World Bank board elects US Treasury's Malpass as next president

World Bank board elects US Treasury's Malpass as next president

Sat, Apr 06, 2019

The World Bank`s executive board unanimously approved David Malpass, the U.S. Treasury Department`s top diplomat, as the bank`s next president, continuing the 73-year tradition of an American leading the development lender.

Trump pick only contender for World Bank President

Trump pick only contender for World Bank President

Fri, Mar 15, 2019

On Thursday, the bank's board of executive directors confirmed that it had received only one nomination and that Malpass, the Treasury's undersecretary for international affairs, will be considered for the position, reports Xinhua news agency.

World Bank to provide USD 250 mn to boost rural income

World Bank to provide USD 250 mn to boost rural income

Tue, Mar 05, 2019

"A key focus of the project will be to promote women-owned and women-led farm and non-farm enterprises across value chains; enable them to build businesses that help them access finance, markets and networks; and generate employment," Wold Bank said in a statement.

Food-borne illnesses cost US$ 15 Billion Per Year in India: World Bank Report

Food-borne illnesses cost US$ 15 Billion Per Year in India: World Bank Report

Sat, Mar 02, 2019

This segment of Zee Business brings to you latest tips on how to save yourself from unsafe food and also know how unsafe food impacts your health. Watch the full video to know more.

What can lead to better jobs, higher wages in India? World Bank-ILO report cites this

What can lead to better jobs, higher wages in India? World Bank-ILO report cites this

Thu, Feb 28, 2019

With the right policies, India can ensure that greater export orientation can boost workers' gains from trade and spread them more widely, so benefiting disadvantaged groups, the report said.

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