More measures are being advocated to protect vulnerable industries

While targeted subsidies to sectors worst hurt by high fuel costs would be an efficient short-term fix, the World Bank recommended the Philippines and its neighbours implement further agricultural reforms to keep food prices steady in the long run.

Ndiamé Diop, World Bank country...

World Bank Announces New 3.75 million US Dollar Grant For Palestinians Amid the Pandemic

The World Bank has issued another grant worth 3.75 million US dollars to the ongoing Covid-19 emergency response in the West Bank and Gaza in Palestine. The financial assistance will support the Palestinian authorities in responding to the threat posed by the pandemic while ensuring that the citi...

JAPAN TO LOAN $90 MIL. TO TATA CLEANTECH FOR GREEN PROJECTS

Highlights –

• Japan to loan $90 mil. to Tata Cleantech for green projects.
• The deal has been signed between JICA and Tata Cleantech Capital Ltd.
• India has pledged to reduce greenhouse gas emissions per GDP by 33%-35% by 2030.

THAILAND GETS US$5 MILLION TO SAVE OZONE LAYER DEPLETION FROM THE WORLD BANK

HIGHLIGHTS

• A US$5 million deal is signed between Thailand and the World Bank today on 8 Sept, to reduce synthetic ozone-draining substances by 2023 to 60 percent. This will mark as a major aspect of the nation's commitments under the Montreal Protocol.
...

ONLY 4% OF POLAND'S FIRMS SACKED EMPLOYEES AMID EPIDEMIC

HIGHLIGHTS

• A survey says that in Poland, only 4% companies sacked their employees amid epidemic.
• Survey was carried out by World Bank and PARP.
• World Bank economist ?ukasz Mar? said that Polish companies were not giving up.
• Rathe...

INDIAN ECONOMY WILL SEE A VERY SHARP RECOVERY IN Q3 AND Q4 OF THE CURRENT FISCAL: N.K. SINGH

Highlights

• On a whole this fiscal year will end up in the negative territory said N.K. Singh

• At the end of previous fiscal, India’s economic growth was standing at an estimated 4.3 percent

• Various global and domestic agencies had predicted ...

PM NARENDRA MODI INVITES THE WORLD TO INVEST IN INDIA

Addressing the inaugural event at the India Global Week 2020, the Prime Minister of India, Narendra Modi today invited the world to invest in India stating that the Indian economy is already showcasing signs of recovery. The event termed as one of the biggest international event’s on India&...

INDIAN ECONOMY TO CONTRACT 3.2 PERCENT IN 2020-21: WORLD BANK

Highlights

• The World Bank said the stringent measures including the lockdown that heavily curtailed the economic activity is the primary reason for the contraction of economy

• International rating agencies including Fitch Rating, S&P Global Ratings and Moody&r...

China slows down global innovation: ITIF

The Information Technology and Innovation Foundation (ITIF) published a report this week. The conclusions of the report suggest that global innovation is being slowed down by China’s trade practices and strong support for its businesses. It also harms technological progress. Most affected c...

Germany to launch green bonds in 2020

The World Bank and the European Investment Bank started green bonds which created lumpsum of investments in sustainable projects such as ecosystem protection, renewable energy, energy efficiency, climate-related projects, etc. which accounts to trillion of dollars. Their essential role provides t...

2019 has turned out to be a bad year for the economy of India

With the recession, job loss and companies winding up operations, 2019 has turned out to be a bad year for the economy of India. In the second quarter, the GDP growth rate fell to its lowest for six years. The estimates released by the Central Statistics Office (CSO) revealed that India's GDP...

Alarm from the world bank for Indian finance

The financial condition of the Indian finances has been in shambles for a very long time and there has been no hope seen in Indian finance since the government is not addressing the financial trouble of the nation and turning a blind eye to it.

The world is seeing the economy of India c...