Latest World Bank News & Updates

Mumbai, July 15 (IANS) In a blistering attack on the ruling dispensation, Shiv Sena(UBT) on Wednesday alleged that Maharashtra’s economy has completely collapsed due to unprecedented institutional corruption. Citing a recent report by the Comptroller and Auditor General (CAG), the editorial claimed that the ruling alliance orchestrated a “State Capture” by illegally siphoning off Rs 3,541 crore from the state exchequer through the Ladki Bahin Yojana to purchase votes ahead of the Assembly electi…

New Delhi, July 10 (IANS) Reiterating the commitment to build a clean and healthy Delhi, Chief Minister Rekha Gupta on Friday inaugurated an Orientation Workshop on ‘Clean Air, Healthy Delhi’ (Delhi Clean Air Programme) organised by the World Bank and the Environment Department.In a post on X, she said, “The launch of the seven-year ‘Clean Air, Healthy Delhi’ (Delhi Clean Air Program) worth Rs 8,300 crore, with the support of the World Bank under the leadership of the Hon’ble Prime Minister Sh…

New Delhi, July 10 (IANS) The World Bank’s Board of Executive Directors approved financing to accelerate India’s national program for solar rooftops to bring clean energy to millions of homes and create 1.7 million job opportunities across the renewable energy manufacturing, installation, and services value chain.India has committed to achieving ‘net zero’ by 2070 and increasing non-fossil-fuel-based energy resources to 60 per cent of its electricity mix by 2035.While large-scale solar has g…

Tumakuru (Karnataka), July 8 (IANS) Karnataka Deputy Chief Minister G. Parameshwara said on Wednesday that the state has emerged as a model for the entire country in the Panchayat Raj system. He was speaking after inaugurating the 2026–27 workshop for Gram Panchayat Administrators and Gram Panchayat Development Officers at the Tumakuru Zilla Panchayat auditorium.Parameshwara said Gram Panchayats must focus not only on drinking water, road development and financial management, but also on build…

United Nations, July 8 (IANS) Astutely navigating the shoals of global economic uncertainties, India is holding on to its crown as the world’s fastest-growing major economy with the International Monetary Fund (IMF) projecting it to grow at 7 per cent during the current calendar year.The World Economic Outlook (WEO) Update released on Wednesday projected India’s gross domestic product to moderate in the next calendar year to 6.4 per cent.The Indian economy’s projected performance is “suppo…

Hyderabad, July 8 (IANS) Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao said on Wednesday that the World Bank placing Telangana among India’s top five upper-middle-income states was a matter of pride for its people.Rama Rao attributed the achievement to the efforts of the people of Telangana and the measures taken by BRS during its 10-year rule under the leadership of K. Chandrasekhar Rao (KCR).Reacting to reports on the World Bank’s per capita income classification, the BRS le…

Bengaluru/Kalaburagi, July 7 (IANS) Karnataka Chief Minister D.K. Shivakumar on Tuesday hailed the state for crossing the World Bank’s ‘Upper Middle-Income threshold’, describing it as a significant milestone that reaffirms its position among India’s leading states.In a statement, the Chief Minister said the achievement reflects the collective efforts of the state’s entrepreneurs, farmers, workers, women, and youth, whose contributions have driven Karnataka’s economic growth.”This is a proud mom…

Quetta, July 5 (IANS) The government of Pakistan’s Balochistan is mulling legal action against the Sindh government over what it termed the unfair distribution of canal water after the latter’s Chief Minister and other authorities have failed to ensure that their province received its approved share, local media reported on Sunday. The continued reductions in water supplied by Sindh despite an improvement in river flows have resulted in a shortage of canal water in Balochistan, Pakistan’s The Ex…

New Delhi, July 4 (IANS) Pakistan’s healthcare system continues to face deep disparities between public and private medical facilities, limiting access to quality treatment for millions of people despite higher provincial health allocations, a report has said.According to an analysis by Pakistan Today, inadequate public spending, uneven distribution of healthcare infrastructure and rising out-of-pocket medical expenses have created a two-tier healthcare system, with quality treatment remaining o…

New Delhi, July 4 (IANS) Pakistan’s contrasting responses to upstream water projects by India and China have raised questions about the consistency of Islamabad’s stance on transboundary water security. If upstream interventions are considered a threat to downstream interests, the same principle should apply regardless of whether the upstream country is India or China, a report has highlighted.The muted response to Beijing’s upper Indus dam, alongside persistent objections to Indian projects u…