News Source: The Economic Times
| 2 months ago
The World Bank on Wednesday sanctioned four loans aggregating $4.3 billion to support India’s economic recovery by strengthening its state-run banks and funding infrastructure projects. The bank said the loans would support the country’s economic...
News Source: The Hindu
| 2 months ago
In a significant development, the World Bank on Tuesday approved ‘single tranche’ loan worth $4.3 billion for four specific projects in India aimed at strengthening select public sector banks (PSBs), the country’s power network and other...
News Source: The Hindustan Times
| 2 months ago
Finance Minister Pranab Mukherjee on Wednesday said 95 per cent of the $4.3 billion World Bank grant would be spent on developing the country's infrastructure. "The World Bank has sanctioned $4.3 billion loans for India. This apart, $1 billion will...
News Source: Financial Times
| 2 months ago
Loans of $4.3bn were intended to shore up the capital of public banks and finance infrastructure spending to help Asia’s third-largest economy recover from the “heart attack” of the global financial crisis, Roberto Zagha, the World Bank’s...
News Source: The Hindustan Times
| 2 months ago
The World Bank has approved loans amounting to more than $4.3 billion (nearly Rs 21,000 crore) to India in a bid to support its infrastructure expansion plan while enabling it bolster stimulus measures to revive high economic growth. The amount...
News Source: The Economic Times
| 2 months ago
The Mumbai-headquartered software giant is already implementing the project in Chhattisgarh, Tamil Nadu and Bihar, a release said here today. Andhra Pradesh Government to start and run various e-governance projects and citizen services. It would...