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What IMF Executive Director KV Subramanian Said On Unemployment in India?

What IMF Executive Director KV Subramanian Said On Unemployment in India?

Tue, Nov 07, 2023

An Executive Director at the International Monetary Fund, Krishnamurthy V Subramanian explained why the current unemployment rate is at a five-year low. According to Subramanian If you go by the reliable Periodic Labour Force Survey data put out by the NSSO, it is absolutely clear that both in quantity and in quality, the employment situation had improved before the pandemic and has also improved since then. It is a fact that during the lockdown and during the second wave, the employment situation did worsen and this is something that is very clearly shown in the PLFS data which further enhances the trustworthiness of the PLFS data.

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.

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World Bank President Jim Yong Kim resigns three years before end of his term

World Bank President Jim Yong Kim resigns three years before end of his term

Tue, Jan 08, 2019

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021, reports CNN.

India lost 4% of GDP from power distortions in 2016: World Bank

India lost 4% of GDP from power distortions in 2016: World Bank

Thu, Dec 20, 2018

India lost a staggering $86.1 billion, equivalent to over 4 per cent of its GDP, owing to distortions in the power sector in 2016, says a World Bank report released on Wednesday.

World Bank praises India's renewable energy success

World Bank praises India's renewable energy success

Tue, Dec 11, 2018

The World Bank on Monday praised India`s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled -- from 17 to 59 -- in the eight years till 2017.

India expected to receive total remittance of $80 billion in 2018

India expected to receive total remittance of $80 billion in 2018

Sun, Dec 09, 2018

India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank`s Migration and Development Brief, released on Saturday.

Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018

Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018

Sat, Dec 08, 2018

India will continue to remain top recipient of remittance in 2018 as its people send as much as US $80 billion (Rs. 571000 crore approx) to their families living in the country as per the latest edition of the World Bank's Migration and Development Brief report released on Saturday.

Pak-India trade much below full potential of $37 billion: World Bank

Pak-India trade much below full potential of $37 billion: World Bank

Thu, Dec 06, 2018

The current level of trade between Pakistan and India is valued at a little over $2 billion, but it could be as high as $37 billion if both neighbours agree to tear down artificial barriers, the World Bank said in a report.

PM Modi sets massive target for India to crash into global top 50 club

PM Modi sets massive target for India to crash into global top 50 club

Mon, Nov 19, 2018

Prime Minister Narendra Modi Monday set an ambitious target of India breaking into top 50 nations on the World Bank's ease of doing business ranking and said efforts are on to nearly double the size of country's economy to USD 5 trillion.

This 4-pronged Modi govt strategy to power India into top 50 in Ease of Doing Business ranking?

This 4-pronged Modi govt strategy to power India into top 50 in Ease of Doing Business ranking?

Thu, Nov 01, 2018

According to the World bank's doing business report 2019 based on 10 parameters, India climbed 23 points to 77th place. However, India's position declined on four parameters -- protecting minority rights (7), paying taxes (121), registering property (166), and resolving insolvency (108) -- compared to the last year.

India a 'tariff king'? World Bank official destroys Donald Trump over taunt

India a 'tariff king'? World Bank official destroys Donald Trump over taunt

Wed, Oct 31, 2018

The World Bank does not agree with US President Donald Trump's claim that India is a "tariff king" and feels that the Indian taxation system and economy is much more liberalised than it was a few decades ago, a top official of the international financial institution said Wednesday.

World Bank Ease of Doing Business ranking: India rockets 23 places to 77th spot; Ludhiana, Hyderabad, Bhubaneshwar best places for business, Mumbai at 10th

World Bank Ease of Doing Business ranking: India rockets 23 places to 77th spot; Ludhiana, Hyderabad, Bhubaneshwar best places for business, Mumbai at 10th

Wed, Oct 31, 2018

Jump in India's World Bank Ease of Doing Business ranking comes as a good news for Prime Minister Narendra Modi government ahead of General Election 2019.

Big boost for Modinomics! India ranks 77 in World Bank Ease of Doing Business 2018 report

Big boost for Modinomics! India ranks 77 in World Bank Ease of Doing Business 2018 report

Wed, Oct 31, 2018

World Bank Ease of Doing Business 2018 report: In the World Bank's latest Doing Business Report (DBR, 2019), India has recorded a jump of 23 positions against its rank of 100 in 2017.

World Bank to reveal ‘Ease of Doing business’ ranking today; where will India stand?

World Bank to reveal ‘Ease of Doing business’ ranking today; where will India stand?

Wed, Oct 31, 2018

In the World Bank Ease of Doing Business ranking, India cracked the top 100th list for the first time last year. This was one of the bigger achievement of Prime Minister Narendra Modi.

Big boost for Modi govt? On World Bank ease of doing business index, Prabhu hints India's rank improved

Big boost for Modi govt? On World Bank ease of doing business index, Prabhu hints India's rank improved

Wed, Oct 31, 2018

The World bank ranks countries based on 10 parameters, including starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts, and resolving insolvency.

India rejects World Bank's Human Capital Index (HCI) report over data gaps

India rejects World Bank's Human Capital Index (HCI) report over data gaps

Fri, Oct 12, 2018

The Central government on Thursday rejected the findings of the World Bank`s Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various parameters, such as survivability measured by under-five mortality rate.

Growth in India firming up, projected to accelerate further, says World Bank

Growth in India firming up, projected to accelerate further, says World Bank

Sun, Oct 07, 2018

Growth in India is firming up and projected to accelerate to 7.3 per cent in the 2018-19 fiscal and 7.5 per cent in the next two years, the World Bank said Sunday.

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

World Bank, IMF and WTO: 'India's story compelling evidence that openness in services contributes to growth'

Sun, Sep 30, 2018

On Sunday, India's economic reforms and growth story offer compelling evidence that openness in services contributes to long run growth performance, the IMF, World Bank and WTO said in a joint report.

This is what happens when women are paid less than men

This is what happens when women are paid less than men

Thu, Aug 02, 2018

Experts say women professionals should get more assertive and refrain from under-selling their talent in front of HR managers. “Like men, women should lay out their job strengths and demand adequate increments and hikes,” say, experts, adding that networking and maintaining a stream of contacts who can help with future job opportunities is equally essential.

India can become 5th largest economy next year: Arun Jaitley

India can become 5th largest economy next year: Arun Jaitley

Sat, Jul 14, 2018

Buoyed by recent World Bank figures, Union Finance Minister Arun Jaitley has said India is likely to become the fifth largest economy next year, surpassing Great Britain, if the country continues its projected growth trajectory.

India is world's 6th largest economy; this is whom it beat

India is world's 6th largest economy; this is whom it beat

Thu, Jul 12, 2018

Good news! World Bank data says India has emerged as the world's 6th largest economy and that too in 2017, beating France and likely to go past the United Kingdom, which is at the fifth position right now. Let us look at other facts based on an analysis of data compiled by the World Bank.

Centre, World Bank sign $500m loan accord to finance PMGSY rural roads project

Centre, World Bank sign $500m loan accord to finance PMGSY rural roads project

Thu, May 31, 2018

The World Bank, which has supported PMGSY since its inception in 2004, has so far invested over $1.8 billion in loans and credits mostly in the economically weaker and hill states across North India - Bihar, Himachal Pradesh, Jharkhand, Meghalaya, Rajasthan, Uttarakhand, and Uttar Pradesh. It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to all-weather roads, the statement said.

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