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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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India may seek over Rs 49,000 crore in extra spending to spur growth

India may seek over Rs 49,000 crore in extra spending to spur growth

Fri, Oct 14, 2016

India may seek parliamentary approval to spend about $7.5 billion (nearly Rs 49,895.63 crore) more on roads, railways and other public programmes over the next five months, two government sources said, as Prime Minister Narendra Modi looks to spur growth and create jobs.

FM Jaitley says India on path to achieve financial inclusion

FM Jaitley says India on path to achieve financial inclusion

Sun, Oct 09, 2016

Das also met the president of the New Development Bank and the CEOs of the Luxembourg Stock Exchange and Scotia Bank.

Finance leaders issue fresh warnings amid Deutsche worries, fall in pound

Finance leaders issue fresh warnings amid Deutsche worries, fall in pound

Fri, Oct 07, 2016

Deutsche Bank has been struggling to overhaul its business model that is built around trading activities that have become much less lucrative under new regulation enacted sin ce the 2008-2009 financial crisis.

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

Fri, Oct 07, 2016

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

Automation threatens 69% jobs in India, says World Bank's Jim Yong Kim

Automation threatens 69% jobs in India, says World Bank's Jim Yong Kim

Wed, Oct 05, 2016

Automation threatens 69% of the jobs in India and 77% in China, according to a World Bank research which says technology could "fundamentally disrupt" the pattern of traditional economic path in developing countries.

India's Ease of Doing Business rank should improve: Kaushik Basu

India's Ease of Doing Business rank should improve: Kaushik Basu

Sun, Oct 02, 2016

Hoping India will improve its ranking on World Bank's Ease of Doing Business Index, eminent economist Kaushik Basu has said the government also needs to be more active in promoting cohesiveness and diversity in the society, as economic reforms with political and social inclusiveness can help the

Around 73% of Indian SMEs expect positive outlook for biz in next 6 months: Survey

Around 73% of Indian SMEs expect positive outlook for biz in next 6 months: Survey

Fri, Sep 30, 2016

Around 73% of small and medium-sized enterprises (SMEs) in India expect positive outlook for their businesses in the next six months, said a latest survey.

Jim Yong Kim gets second term as World Bank's President

Jim Yong Kim gets second term as World Bank's President

Wed, Sep 28, 2016

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced on Tuesday.

Jaitley to attend IMF-WB annual meet in US next month

Jaitley to attend IMF-WB annual meet in US next month

Sun, Sep 18, 2016

The three-day annual meeting of the International Monetary Fund and the World Bank will begin on October 7 in Washington.

World Bank chief Jim Yong Kim heads for second term

World Bank chief Jim Yong Kim heads for second term

Thu, Sep 15, 2016

World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed with no other candidates proposed.

Air Pollution deaths cost global economy about $225 billion in 2013: World Bank

Air Pollution deaths cost global economy about $225 billion in 2013: World Bank

Thu, Sep 08, 2016

Air pollution deaths have cost the global economy about $225 billion in lost labour income in 2013, according to a new study.

Online eyewear retailer Lenskart raises funds from Premji Invest

Online eyewear retailer Lenskart raises funds from Premji Invest

Tue, Sep 06, 2016

Three months after its Rs 400-crore funding, Lenskart has raised an undisclosed amount from Premji Invest, the investment office of Wipro chief Azim Premji.

Petrol, diesel price in India much lower than other South Asian countries

Petrol, diesel price in India much lower than other South Asian countries

Tue, Sep 06, 2016

In India, the petrol price in June 2010 was Rs 51.43 as against current price Rs 60.09, a jump of 16.8% since its deregulation.

India named 7th wealthiest nation; is it really?

India named 7th wealthiest nation; is it really?

Wed, Aug 24, 2016

India, a country which was home to the largest number of poor people in the world, according to 2012 estimates, has now featured in the

World Bank's Jim Yong Kim launches bid for second term as president

World Bank's Jim Yong Kim launches bid for second term as president

Wed, Aug 24, 2016

World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process.

World Bank suffering 'leadership crisis,' staff say

World Bank suffering 'leadership crisis,' staff say

Thu, Aug 11, 2016

Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a "crisis of leadership" and risked irrelevance on the world stage.

Central bank should enjoy autonomy: Kaushik Basu

Central bank should enjoy autonomy: Kaushik Basu

Sat, Aug 06, 2016

Asked about the proposed monetary policy panel, Basu said, "In general it is extremely important that the central bank has autonomy," Basu said on the sidelines of an IIM-Calcutta lecture when asked about the proposed monetary panel.

People living in extreme poverty globally falls below half the 1990-level

People living in extreme poverty globally falls below half the 1990-level

Wed, Jul 13, 2016

While the world's population has increased by 2 billion since 1990 to 2015, the people living in extreme poverty has more than halved.

SBI inks deal with World Bank worth Rs 4,200 crore to support solar programme

SBI inks deal with World Bank worth Rs 4,200 crore to support solar programme

Sat, Jul 02, 2016

The agreements were signed by Karnam Sekar, Deputy Managing Director, SBI and Onno Ruhl, Country Director, World Bank India.

World Bank to lend over $1 billion for India's solar energy programme

World Bank to lend over $1 billion for India's solar energy programme

Thu, Jun 30, 2016

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.

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