A major American think tank has said India’s abject poverty is as low as 2 per cent, days after the government’s own Niti Aayog cited the official consumption expenditure data for 2022-23 to argue that abject poverty has gone “below 5 per cent”, adding yet another feather to the Narendra Modi government’s cap ahead of …
NEW DELHI: The International Monetary Fund (IMF) on Wednesday warned that Maldives is at a “high risk of debt distress” amid Male borrowing heavily from China and shifting allegience from India under President Mohamed Muizzu.China has promised more funding to Maldives ever since pro-Beijing Muizzu assumed power last year. Muizzu, who defeated pro-India President Ibrahim …
Image Source : FILE PHOTO A representational picture of World Bank. The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience …
Image Source : INDIA TV World Bank hails India’s digital public infrastructure The World Bank stated that India’s digital public infrastructure has had a profound impact that goes well beyond financial inclusion. In a document, the international financial institution praised India, noting that the progress it has made in just six years would have otherwise …
Image Source : PTI RBI Governor pitches for completion of quota review at IMF, says ‘Urgent need to enhance green capital flows’ Reserve Bank Governor Shaktikanta Das emphasized the need to enhance green capital flows and urged for the completion of the general review of quotas at the International Monetary Fund (IMF) on Friday. During …
India’s internet landscape is a fascinating mixture of progress and challenges. On one hand, it holds the record for the highest number of internet users with affordable tariffs, making it a critical market for social media companies. On the other hand, internet shutdowns are frequently used as a tool by authorities for law and order, …
Image Source : AP/ REPRESENTATIONAL (FILE). World Bank approves USD 1.5 billion financing for India’s low-carbon transition The World Bank has granted India a financial package worth USD 1.5 billion to accelerate the development of low-carbon energy infrastructure. This funding will support India in scaling up renewable energy sources and advancing the green hydrogen sector. …
Image Source : FILE World Bank approves $150 million loan to support the Resilient Kerala Program The World Bank’s Board of Directors has given their seal of approval to a loan of $150 million, aimed at supporting the Resilient Kerala program. This program is specifically designed to enhance Kerala’s ability to cope with natural disasters, …