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World Bank refuses to mediate on water dispute between India & Pakistan
Upon completion of his five-year term, World Bank’s former Country Director of Pakistan Patchamuthu Illangovan said Islamabad had made a request for appointment of a COA while India had sought a neutral expert to resolve their dispute on two hydroelectric projects.
Marine engines for Assam boat owners with world Bank funding
Assam transport Minister Chandra Mohan Patowary held a webinar to review the wor...
Indus Water Treaty meeting: India suggests video conference, Pakistan insists on talks at Attari border
In a letter last week, the Indus Comm...
India is at risk of losing hard-won gains in the fight against poverty, says World Bank
In the IDU report until June 2020, the draft of which has been shared with the government, the World Bank observed that the fiscal impact of the economic stimulus package, though pegged at Rs 20 lakh crore, was limited by way of central government spending. The finance ministry is believed to have circulated the draft among stakeholder ministries, seeking their responses and comments. The report is expected to be released shortly.
Indian health care underfunded, delivery poor: World Bank Report
While acknowledging the “significant progress” made in India’s health system over the years, the World Bank Group on Health, Nutrition and Population is said to have noted in its presentation that there were “large, persistent health gaps among states” and that Covid-19 had exposed those.
Serum Institute inks deal to produce US-based biotech firm Novavax’s Covid vaccine
The Serum Institute of India (SII) will buy the vaccine components from Novavax and the two companies will equally split the revenue from the sale of the product, net of agreed costs, Novavax said in a US regulatory filing on Wednesday.
Coronavirus impact: Indian state with first-world standards to push export of nurses
Kerala has historically benefited from a large population of expatriates sending money back home, helping drive economic and social gains such as India’s highest literacy rate and the country’s highest sex ratio. The state accounted for about a fifth of some $80 billion sent home last year by Indians living abroad.
Top World Bank economist explains the impact of coronavirus on foreign workers
As lockdowns have shut banks and money-transfer offices, marooned migrants couldn't send money home.
Centre to convert ravines of Chambal region into arable land with World Bank support: Tomar
He further said the project will not only help in improving agricultural development and environment but will also create employment opportunities and lead to substantive development of the region. Tomar said there is a lot of scope for development of the Beehad area in Gwalior-Chambal region. The Chambal Expressway will be built and will pass through this area, by which the overall development of the region would be possible.
Investment in MSMEs to help India enter global value chain: World Bank
We live in a world of global value chain, says Junaid Ahmad, India Director, World Bank.
World Bank approves $750 million fund to support Covid-hit MSMEs
This programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current shock and protect millions of jobs.
World Bank clears $500 mn to improve quality of education system
The World Bank on Sunday said its Board of Executive Directors has approved USD 500 million (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states.
World’s second most widely tracked stock is from India; has 59 buy calls
As many as 59 analysts covered ICICI Bank, and all of them had ‘buy’ ratings on the lender.
Domestic vaccine makers wait for procurement commitment from government for Covid-19 vaccines
Some leading vaccine companies have also asked the government to foot the bill for their ‘fill and finish’ capacities (for vials and glass fillings) that would help them to scale up mass manufacturing.
Activists urge India to push for fair allocation of Covid-19 vaccine under COVAX
This week member states of the World Health Organisation including India have to send in their comments on their position regarding an agreement on advanced market commitment for a global initiative to ensure that all countries have access to vaccine against Covid-19.