World Bank extends $1billion assistance to Maharashtra
The Dollar Business BureauThe World Bank on Tuesday announced it is partnering with the Maharashtra government to deliver a proposed $1 billion assistance programme to develop urban transportation and climate resilient agriculture. "Over the last five years, the World Bank has invested over $1.4 billion in Maharashtra in urban transport, rural water supply and agriculture," World Bank CEO Kristalina Georgieva told the reporter, following her day-long visit to the megapolis. To experience the locals’ pain, the World Bank CEO travelled in a local train and discussed with the women passengers their everyday challenges and opportunities to improve the public transport system. "To meet the aspirations of Mumbaikars, some of whom I met today, the city will have to make massive investments in transport ...
World Bank commits $1 bn for solar projects in India
PTI Multi-lateral lender World Bank today announced funding support of USD 1 billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, to collaborate on increasing solar energy use across the world, with a goal of mobilising USD 1 trillion in investments by 2030. The pact, which was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and visiting World Bank Group President Jim Yong Kim, establishes the multilateral lending agency as the financial partner for ISA. The World Bank also announced that it plans to provide more than USD 1 billion to support India's ambitious solar ...
Centre to assess States on ease of doing business
The Dollar Business Bureau As part of efforts to improve India’s ranking in the ease of doing business index, the Central government has sought active participation from all state governments and directed them to align their policies to make this possible. The Centre has also decided to increase accountability by ranking each state on the basis of the ease of doing business in that particular state. Announcing this, Atul Chaturvedi, Joint Secretary, Department of Industrial Policy and Promotion (DIPP), said, “In June and July, the State governments will be assessed and ranked on ease of doing business in their respective states for which help was being sought from the World Bank and third party agencies.” Chaturvedi also expressed ...
