Latest World Bank News & Updates

Amaravati, March 28 (IANS) In a definitive move to resolve years of administrative and legal ambiguity, Chief Minister N. Chandrababu Naidu on Saturday moved a landmark resolution in the Andhra Pradesh Legislative Assembly, urging the Centre to grant statutory recognition to Amaravati as the official capital of the state.A special Assembly session was convened specifically to deliberate and pass this resolution, marking a significant step toward providing long-term stability and legal clarity to…

New Delhi, March 27 (IANS) Nepal Prime Minister Balendra Shah’s cabinet reflects a mix of youth, gender, and personal experience that was finalised after prolonged discussions that had begun even before the final results of the March 5 national election were announced. Many of the cabinet members are new, some even first-time MPs, say reports from Kathmandu, which added that several are considered “experts in their fields”. The main names in contention between Balen – as he is popularly …

New Delhi, March 27 (IANS) Union Home Minister Amit Shah and Delhi Lt Governor T.S. Sandhu on Friday discussed various issues related to the national capital, including development and security, an official said.During the interaction, Sandhu is believed to have briefed Home Minister Shah on the measures being taken to achieve the goal of ‘Viksit Delhi 2047’, including efforts to combat pollution, clean the Yamuna, and improve transit corridors for sustainable development and enhanced qualit…

New Delhi, March 26 (IANS) Delhi Lt Governor T.S. Sandhu on Thursday shared information about a meeting with experts from School of Planning & Architecture (SPA) for the redevelopment of the city transit corridors.In a post on X, Sandhu said: “A comprehensive presentation was made by the reputed School of Planning & Architecture, Delhi on the redevelopment of transit corridors in Delhi, aimed at transforming them into green, pedestrian-friendly, employment-oriented, and recreational stre…

New Delhi, March 24 (IANS) Delhi Chief Minister Rekha Gupta announced on Tuesday that the government plans to establish a new think tank— Delhi Institutional Think Tank (DITI) — on the lines of NITI Aayog, and new semiconductor and drone policies will be introduced to position the city as a hub for advanced technology and manufacturing.​ During the presentation of Budget 2026-27, the Chief Minister also announced that, to improve governance, 13 mini secretariats will be set up (at a cost o…

New Delhi, March 24 (IANS) Bangladesh has been unable to exit the “red” category of countries, which face a risk of food inflation, for almost three years, and although overall inflation decreased somewhat due to various interim government initiatives, food inflation has increased again over the last five months, according to a report in the Bangladeshi media. A recently published World Bank report highlighted Bangladesh’s ”red” status due to the high food inflation in the country over the las…

Islamabad, March 22 (IANS) Pakistan is one of the most climate-vulnerable nations in the world, with climate change posing an existential threat to its agriculture and food chain, according to the Pakistan Economic Survey 2024-25 and recent World Bank assessments, and the crisis is devastating its rivers, coasts, livestock and crops, threatening food security and livelihoods, as per a report in the local media. “While Pakistan has long viewed climate change through the lens of sudden disasters l…

Washington, March 19 (IANS) India’s water governance reforms, particularly in Maharashtra, could play a pivotal role in shaping how the world feeds 10 billion people sustainably, the World Bank said on Thursday, highlighting the state’s regulatory model as a global example. In a new report, the World Bank added that smarter management of water in agriculture is essential to meeting future food demand while generating millions of jobs, and that India’s policy innovations offer lessons for water-s…

New Delhi, March 18 (IANS) India’s public capital expenditure has jumped from Rs 2 lakh crore in FY15 to a Budget Estimate of Rs 12.2 lakh crore in FY27, and the Union Budget 2026–27 introduced new tools including an Infrastructure Risk Guarantee Fund and City Economic Regions to bolster infrastructure‑led growth, the government said on Wednesday.Institutions such as the National Investment and Infrastructure Fund (NIIF) and the National Bank for Financing Infrastructure and Development (NaB…

New Delhi, March 11 (IANS) The US-Israel war on Iran has come as a big economic jolt for Bangladesh as the nation is heavily reliant on imported fuel and remittances from workers in the Middle East, according to a report in the Dhaka-based The Daily Star newspaper.According to economists, the crisis due to the war risks setting off a chain reaction: rising energy prices, disrupted trade flows, weakened export competitiveness, turmoil in the migrant labour market and remittance inflows, higher in…