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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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Bill Gates gives Aadhaar card in India a big thumbs up

Bill Gates gives Aadhaar card in India a big thumbs up

Fri, May 04, 2018

India’s Aadhaar technology does not pose any privacy issue and the Bill and Melinda Gates Foundation has funded the World Bank to take this approach to other countries as it is worth emulating, Microsoft founder Bill Gates has said.

Jawaharlal Nehru Port Trust (JNPT) can see double-digit growth now: Neeraj Bansal

Jawaharlal Nehru Port Trust (JNPT) can see double-digit growth now: Neeraj Bansal

Mon, Apr 30, 2018

Jawaharlal Nehru Port Trust (JNPT) saw a 7.4% rise in container handling in the last fiscal and with the first phase of the fourth terminal becoming fully operational, volumes are likely to see a double-digit growth.

At $69 billion, India top recipient of remittances last year

At $69 billion, India top recipient of remittances last year

Tue, Apr 24, 2018

India retained the top position as recipient of remittances with its diaspora sending about $69 billion back home last year, the World Bank said. The upsurge is likely to continue on the back of stronger economic conditions in advanced economies.

India receives $69 bn remittances in 2017; retains top slot

India receives $69 bn remittances in 2017; retains top slot

Mon, Apr 23, 2018

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said in a report. The stronger-than-expected recovery in remittances -- payments that are key to supporting the economies of many poor countries - was driven by growth in Europe, Russia, and the United States.

World Bank shareholders back $13 billion capital increase

World Bank shareholders back $13 billion capital increase

Sun, Apr 22, 2018

The World Bank`s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China`s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.

GST returns filing: Realty companies still find process complex

GST returns filing: Realty companies still find process complex

Wed, Apr 18, 2018

A recent World Bank report had stated that the structure of India’s indirect tax is among the complicated ones in the world with high and larger number of tax rates.

GDP growth rate in India: World Bank forecast says 7.3 pct in 2018

GDP growth rate in India: World Bank forecast says 7.3 pct in 2018

Tue, Apr 17, 2018

World Bank acknowledged that disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable.

Need to rethink migration policies to boost labour supply: IMF

Need to rethink migration policies to boost labour supply: IMF

Mon, Apr 09, 2018

Labour market policies and institutions, together with structural changes and gains in educational attainment, account for the bulk of the dramatic increase in the labour force attachment of prime-age women and older workers in the past three decades.

Now, get Reliance Energy connection in 15 days

Now, get Reliance Energy connection in 15 days

Fri, Mar 23, 2018

Reliance Energy -- the first power utility in the world to get ISO 55001:2014 certification -- is the power distribution arm of Reliance Infrastructure Ltd serving three million customers spread across 400 sq.km in Mumbai suburban and surroundings.

Rahul Gandhi slams GST citing World Bank report; Smriti Irani rebuts him saying he is quoting selectively

Rahul Gandhi slams GST citing World Bank report; Smriti Irani rebuts him saying he is quoting selectively

Sun, Mar 18, 2018

Congress president Rahul Gandhi also tagged with his tweet a media report that quoted the World Bank report as saying that the Goods and Services Tax (GST) implemented by the government from July 1 last year was one of the most complex, with the second highest tax rate in the world among 115 countries which have a similar indirect tax system.

World Bank has an advice for Mumbai locals; here's what

World Bank has an advice for Mumbai locals; here's what

Sun, Mar 18, 2018

World Bank country director Junaid Ahmad while stressing on the need to create strong public institutions, rather than the 'project by project' approach adopted currently. At present, the suburban train network handles over 6 million passengers a day across the four lines. The services are operated by the state-run Railways and are administered by the Central Railway and Western Railway both headquartered in Mumbai

PNB fraud: World Bank plays down scam, says not a systemic problem

PNB fraud: World Bank plays down scam, says not a systemic problem

Fri, Mar 16, 2018

The PNB scam has been accompanied by many other frauds, including the over Rs 3,600-crore Rotomac scam and others coming to light and cases being made by the national investigation agency Central Bureau of Investigation.

India GDP growth forecast: World Bank says 8 pct acceleration possible, but there is a catch

India GDP growth forecast: World Bank says 8 pct acceleration possible, but there is a catch

Wed, Mar 14, 2018

India GDP growth forecast: India's economic growth had slipped to a three year low of 5.7 per cent in April-June quarter of the current fiscal, though it recovered in the subsequent quarters. The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 per cent in 2016-17. The earlier estimate was 6.5 per cent.

Cryptocurrencies: Goldman says most digital currencies will not survive

Cryptocurrencies: Goldman says most digital currencies will not survive

Thu, Feb 08, 2018

The value of cryptocurrencies soared in 2017 before slumping, with bitcoin losing nearly two-thirds of its value since mid-December.

GPR initiatives to enhance “ease of doing business" launched

GPR initiatives to enhance “ease of doing business" launched

Thu, Jan 25, 2018

The initiative comes in the wake of the government's commitment to achieve a position in the top 50 countries for “Doing Business” as per the rankings published annually by the World Bank.

India reclaiming place at growth leader, says IMF

India reclaiming place at growth leader, says IMF

Tue, Jan 16, 2018

After a short period of slowdown in the economy, India is reclaiming its place as a growth leader, first deputy managing director of the International Monetary Fund (IMF) David Lipton said.

India has huge potential, projects 7.3% growth in 2018, says World Bank

India has huge potential, projects 7.3% growth in 2018, says World Bank

Wed, Jan 10, 2018

With an "ambitious government undertaking comprehensive reforms", India has "enormous growth potential" compared to other emerging economies, the World Bank said today, as it projected country's growth rate to 7.3 per cent in 2018 and 7.5 for the next two years.

What women citizens expect from Modi govt's upcoming Budget

What women citizens expect from Modi govt's upcoming Budget

Thu, Jan 04, 2018

On empowering women, the government's recent move to push the Triple Talaq bill will certainly empower the women of minority class if it becomes a law.

5 lakh farmers to benefit from climate resilient agriculture in Tamil Nadu

5 lakh farmers to benefit from climate resilient agriculture in Tamil Nadu

Tue, Dec 26, 2017

The project will rehabilitate and modernize about 4,800 irrigation tanks and 477 check dams, spread across 66 sub-basins, in delivering bulk water to irrigation systems.

Prabhu asks industry to set a timeline for $1 trillion manufacturing revenue

Prabhu asks industry to set a timeline for $1 trillion manufacturing revenue

Mon, Nov 27, 2017

The share of manufacturing in GDP has been trending at 16-17 per cent for some years now and the previous Manmohan Singh government had set a target of taking this share to 25 per cent of GDP by the turn of 2025.

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