In a bid to enhance the availability of credit for Micro, Small, and Medium Enterprises (MSMEs), the World Bank in a report stated that the government should remove the interest cap on NBFCs to ease the lending restriction.
India has the potential to produce technology at a lower cost than China if it can master and manufacture it efficiently, said World Bank Country Director Auguste Tano Kouame. He highlighted that India's large workforce gives it a competitive edge in the global market.
World Bank on Friday said India will need to grow by 7.8 per cent on average over the next 22 years to achieve the country's aspirations of becoming a developed country by 2047.
Thomas Kerr, Lead Climate Change Specialist at the World Bank, has said the European Union's Carbon Border Adjustment Mechanism (CBAM) will impact Indian exports, particularly in steel, aluminium, and other high-emission industries
The World Bank to increase its financing to India, including through its affiliated institutions, said Auguste Tano Kouame, World Bank Country Director for India in an exclusive conversation with ANI.
Vice President Jagdeep Dhankhar on Friday issued a stern warning against divisive forces in India, urging a strong response to those attempting to create rifts based on caste and regionalism.
The summit held under the theme, "Lighting Africa: The Transformative Power of Mission 300," was organised by the African Development Bank (AfDB) and the World Bank, in cooperation with the African Union.
A power failure at Karachi's Dhabeji pumping station caused an explosion, rupturing two major pipelines and halting water supply to several areas. Efforts to restore operations are underway, while delays in the K-IV project and B-Feeder canal work raise concerns about the city's water future
The Pakistan government has imposed a ban on receiving double pensions from the national treasury to meet the requirements set by multilateral lenders such as the International Monetary Fund (IMF) and World Bank.
The World Bank in its latest report has recognized India's increasing digital capital as a significant driver of entrepreneurship, business income, and social mobility, especially benefiting small-scale vendors and economically lagging districts.
The foreign loan disbursements to Pakistan have dropped by 43 per cent, reaching USD 3.6 billion in the first five months of the current fiscal year, The Express Tribune reported on Tuesday, citing official data released on Monday.