Washington, May 30 (IANS) US President Donald Trump ended a two-hour Situation Room meeting on a proposed Iran agreement without announcing a decision, media reports said.Trump had earlier said he would make a “final determination” on a proposal aimed at extending a ceasefire with Iran, reopening the Strait of Hormuz and launching negotiations over Tehran’s nuclear programme.However, after the meeting concluded, the White House offered no indication that a final decision had been reached.CNN rep…
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Seoul, May 3 (IANS) Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the U.S.-Israeli war against Iran, the finance ministry said.Koo made the call during the 29th meeting of ASEAN+3 finance ministers and central bank governors held Sunday in Samarkand, Uzbekistan, according to the ministry, reports Yonhap news agency.ASEAN+3 involves member states of the Association of Southeast Asian Nations (ASEA…
New Delhi, April 19 (IANS) India is pairing artificial intelligence with digital public infrastructure, local‑language systems and governance safeguards helping farmers, women and village institutions can use AI directly rather than through urban intermediaries, a report has said.The report from One World Outlook said India’s approach counter structural challenges such as weak physical infrastructure and high friction in language, literacy, and access.It made services legible, local and usable…
Washington, April 16 (IANS) The World Bank Group has launched a global initiative to improve water security for one billion people by 2030, linking access to reliable water directly to jobs, economic growth and stability across developing economies. The platform, called Water Forward, aims to align reforms, financing and partnerships to expand water services and strengthen resilience to droughts and floods.“Water is foundational to how economies function. When water systems work, farmers produ…
Washington, April 15 (IANS) The Intergovernmental Group of Twenty-Four (G-24) warned of a sharp deterioration in global economic conditions, citing conflicts, supply disruptions and financial pressures that could weigh heavily on emerging economies.In a communique issued after its ministerial meeting in Washington, the G-24 said global growth is projected to decline in 2026 compared to 2025, as the fallout from the war in the Middle East and other crises ripples across energy markets and supply …
New Delhi, March 25 (IANS) Since the PM Surya Ghar Muft Bijli Yojana’s launch in February 2024, 9,566.89 megawatts (MW) of rooftop solar capacity has been added across the country, the government said on Wednesday.Rooftop solar installations in one crore households would produce about 1,000 billion units of renewable electricity and cut 720 million tonnes of CO2‑equivalent emissions over a 25‑year project life, an official statement cited government estimates.PM Surya Ghar Muft Bijli Yojana …
New Delhi, March 7 (IANS) Private investment in Bangladesh fell to 22.03 per cent of Gross Domestic Product (GDP) in the fiscal year 2024–25, marking the lowest level in 11 years, a report has said. The decline reflects growing challenges in the country’s investment climate and broader macroeconomic stress, according to data released by the Bangladesh Bureau of Statistics cited by The Daily Star.Public investment also dropped for the third consecutive year as the implementation of the govern…
Washington, Feb 17 (IANS) India’s ambitious rooftop solar expansion plan on Tuesday secured a $197.67 million guarantee from the World Bank Group’s guarantee arm. The five-year backing supports refinancing of a $500 million World Bank loan to the State Bank of India for grid-connected solar systems serving commercial and industrial users.The Multilateral Investment Guarantee Agency (MIGA), which houses the World Bank Group Guarantee Platform, issued the guarantee to Citibank N.A. for …
New Delhi, Feb 10 (IANS) India has improved by 79 ranks in the ease of doing business (EoDB) during the last five years in the rankings published by the World Bank Group, Parliament was informed on Tuesday. Following the discontinuation of the Doing Business Report (DBR) in 2020, the World Bank launched the B-Ready Assessment in 2024 to evaluate 180+ countries over three years across 10 topics spanning the entire business lifecycle: Business Entry, Business Location, Utility Services, Labour, Fi…
Davos, Jan 20 (IANS) Maharashtra Chief Minister Devendra Fadnavis, on the second day of the World Economic Forum summit on Tuesday, held a series of meetings with global investors and leaders to explore investment options and cooperation. CM Fadnavis met Sung Kim, President, Hyundai Motor Company, Ajay Banga, President of the World Bank Group, Hayashi Nobumitsu, Governor of JBIC, David Burt, Premier of Bermuda and Carlsberg CEO Jacob Aarup-Andersen, said the Chief Minister’s Office (CMO).CM Fa…