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Amaravati to receive $1.6bn from World Bank and ADB for capital city development

Amaravati to receive $1.6bn from World Bank and ADB for capital city development

The World Bank and Asian Development Bank (ADB) have committed $1.6 billion for phase-I development of Amaravati, Andhra Pradesh's capital city. According to PTI, funds will begin disbursement in January 2025 and must be utilised within five years. The Indian government will contribute Rs 1,400 crore towards the total project cost of Rs 15,000 cr

18 October,2024 05:52 PM IST | Amaravati | mid-day online correspondent
India's growth rate is among the shiniest parts in the world economy: Ajay Banga

India's growth rate is among the shiniest parts in the world economy: Ajay Banga

A lot of that growth is in India, and is driven by the domestic market as well, which actually is a healthy sign, in some ways, Ajay Banga said

18 October,2024 09:41 AM IST | Washington | PTI
World Bank raises India's growth outlook for FY25 to 7 per cent

World Bank raises India's growth outlook for FY25 to 7 per cent

Growth in India is projected to reach 7 per cent in FY24/25 with larger-than-expected agricultural output and policies to foster employment growth contributing to strong private consumption growth, the World Bank stated

10 October,2024 05:44 PM IST | New Delhi | ANI
Irrigation projects approved to improve farmers' conditions: CM Shinde

Irrigation projects approved to improve farmers' conditions: CM Shinde

CM Shinde highlighted the importance of focusing on key areas like agriculture, health, education, environment, infrastructure, and energy to achieve the state's goal of becoming a trillion-dollar economy

12 August,2024 03:00 PM IST | Mumbai | mid-day online correspondent
Rare banknotes from 1918 shipwreck to be auctioned

Rare banknotes from 1918 shipwreck to be auctioned

Noonans Mayfair auction house in London will offer the notes as part of their World Banknotes sale and are estimated to fetch between GBP 2,000 and 2,600.

25 May,2024 08:27 AM IST | London | Agencies
Maharashtra seeking finance from World Bank for Marathwada water project: CM

Maharashtra seeking finance from World Bank for Marathwada water project: CM

CM Shinde said that the government is also pursuing the matter with Prime Minister Narendra Modi

23 May,2024 08:28 PM IST | Chhatrapati Sambhajinagar | mid-day online correspondent
‘About 10 million at risk of slipping into poverty in Pakistan’

‘About 10 million at risk of slipping into poverty in Pakistan’

The World Bank's biannual Pakistan Development Outlook report indicated that the country is set to miss almost all major macroeconomic targets

04 April,2024 07:40 AM IST | Islamabad | Agencies
Pujit Aggarwal’s perspective on Mumbai's urban dynamism: Is it a prescription

Pujit Aggarwal’s perspective on Mumbai's urban dynamism: Is it a prescription

As Mumbai evolves to face a bold new future, the Smart Cities Mission emerges as a melodic refrain.

31 January,2024 06:17 PM IST | MUMBAI | BrandMedia
Maharashtra: Study shows how crash deaths dropped on certain corridors

Maharashtra: Study shows how crash deaths dropped on certain corridors

Report created to serve as guidebook for states to replicate practices that have improved road safety

13 December,2023 07:09 AM IST | Mumbai | A Correspondent
Annual IMF and World Bank meet in Morocco

Annual IMF and World Bank meet in Morocco

The IMF and the World Bank use billions in loans and assistance to buoy struggling economies but both have also been criticised in the past

10 October,2023 08:11 AM IST | Marrakech | Agencies

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