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World Bank News

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World Bank Hails India’s Progress: 27% to 5.3% Poverty Reduction in Decade

The World Bank released its Poverty and Equity Brief, highlighting India’s extraordinary achievement in reducing extreme poverty from 27.1% in 2011-12 to 5.3% in 2022-23, lifting millions out of destitution over a decade. ...
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Half of Pakistan Can’t Afford Bread! Shahbaz and Munir Must Face Shame After World Bank Report

Pakistan News: According to the World Bank report, 44.7% of Pakistan's population is below the poverty line. Despite the failed policies of Shahbaz Sharif and Amis Munir, Pakistan is giving priority to terrorism. India is paying the price for this......
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India’s Water Strike Shocks Pakistan! World Bank Snubs Mediation Plea: ‘We Won’t Intervene

After the Pahalgam terror attack, India has suspended the Indus Water Treaty by taking tough steps against Pakistan. This decision has caused a stir under the government and military leadership of Pakistan....
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India's Strike on the Indus Waters Treaty: Pakistan May Be Forced to Escalate Globally

After the bloody terrorist attack in Pahalgam, India has taken a decision against Pakistan, which may increase its existence thirst. India has suspended the Indus Water Treaty, which was till now the biggest agreement between the two countries. This one decision has also created ...
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Strengthening ties with US has been Central to PM Modi's agenda since taking office: World Bank President Ajay Banga

Speaking to ANI on the sidelines of the 79th United Nations General Assembly, Ajay Banga said the Prime Minister meeting with the CEOs was an effort to ensure that India remains a strong partner in possible manufacturing opportunities, including semiconductors....
The interim government is grappling with over $2 billion in outstanding payments to suppliers for po

Bangladesh's interim government requests $1 billion from World Bank for energy crisis

The ongoing financial crisis and political instability have drawn international attention, with the interim government now relying on global support t...
TV Somanathan

Meet TV Somanathan, newy appointed as cabinet secretary of India

The Appointments Committee of the Cabinet confirmed the appointment of TV Somanathan, IAS (TN:87), to the position of Cabinet Secretary. His tenure wi...
World Bank predicts 75-year journey for India to escape from middle-income trap

World Bank predicts 75-year journey for India to escape from middle-income trap

The middle-income trap occurs when a nation’s per capita income becomes stuck at around 10% of GDP per capita, approximately $8,000....
Queen of England in vaults of Bank of England.

Why is India’s gold in Bank of England? What is 'City of London' where world stores its gold?

The Bank of England is located in the 'City of London,' a unique jurisdiction with its own police, laws, and court system. ...
The World Bank

India tops global remittance charts at USD 125 billion in 2023: World Bank

The World Bank report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remit...
Ajay Banga

Israel-Hamas conflict: World Bank chief Ajay Banga warns economic fallout

Ajay Banga raised concerns over the ongoing conflict between Israel and Hamas. ...

World Bank retains India’s 2023-24 GDP growth at 6.3%

The World Bank has retained India’s GDP growth forecast for the financial year 2023-24 at 6.3% and noted that the country continued to show resil...

G20 Summit: “India’s G20 presidency set path for world,” says Ajay Banga

World Bank President Ajay Banga on Sunday lauded India’s contribution towards G20 declaration that was anonymously adopted by all G20 nations dur...

India’s digital public infrastructure goes beyond financial inclusion during G20

World Bank, ahead of scheduled G20 Summit has made a big claim about India’s financial impact on the economy. The international financial institu...

World Bank President Ajay Banga to attend G20 meeting in India

The G20 Finance Ministers and Central Bank Governors Meeting will be held in Ahmedabad, Gujarat, the week after next, and World Bank President Ajay...

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