Amid a fresh grievance filed at IFC against the much-delayed Vizhinjam project, the head of the proposed port said the complaint will have no material impact as the Rs 4,000-crore port is bound by a
With an aim to create a significant social and developmental impact in the housing sector, the World Bank has approved a concessional loan of US$100 million to the National Housing Bank (NHB) for
The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial
The World Bank has sanctioned two financing packages worth US$318 million (approx Rs 1,700 crore) to fund road improvement projects and low income housing development in India.
The Japan International Cooperative Agency (JICA) while seeking details of the host of infrastructure projects in Uttar Pradesh at a meeting with Chief Secretary Jawed Usmani on 13 May has offered the
The International Monetary Fund (IMF) has pegged India’s gross domestic product growth at 5.8 per cent during 2013-14, marginally higher than the decadal-low of 5 per cent in 2012-13. It has however,
Indian Finance Minister P Chidambaram has told the World Bank India has US$1 trillion infrastructure deficit over the next five years, which needs private sector participation to bridge the funding gap.
A World Bank executive on 17 March said that the world will need to spend US$70 trillion on infrastructure to completely eliminate extreme poverty in one generation, a colossal amount that can be raised if government partner with private sector. Sri Mulyani Indrawati, managing director of the World
The standing committee of the Pune Municipal Corporation (PMC) has approved the appointment of Shashikant Limaye, a retired engineer of the Indian Railways, as officer on special duty (OSD) for the execution of the Pune’s metro rail project.
The National Housing Bank (NHB), a refinancier to banks and housing finance companies to promote lending to low-income households is planning to raise Rs 14,000 crore in 2013-14 from the market for its operations, including a Rs 6,000 crore for the Golden Jubilee Rural Housing Finance Scheme.
The Uttar Pradesh state government has sought World Bank’s assistance of over US$3.5 billion over the next 3-5 year with an eye of achieving a growth of 8.5 per cent during the 12th Plan period.
After a lull 2012-13, the World Bank sees India to jump back to a higher growth trajectory, by clocking a gross domestic product (GDP) growth of 6 per cent in 2013-14. It believes that the economy will even grow higher thereafter, on the back of global recovery.
The World Bank has lined up US$4.83 billion loan to India for the next five years as a part of the assistance program to help boost economic development across the country.
The Union budget’s emphasis on ramping up infrastructure under India's Look East Policy has been welcomed by the northeast.
The outlay for Ministry of Road Transport and Highways has been fixed at Rs 32,360 crore for 2013-14. Of this Rs 3,300 crore has been allocated for North Eastern Region and Sikkim.