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FPIs net outflow from equities at Rs 7,300-cr in Dec so far

FPIs’ net outflow from equities at Rs 7,300-cr in Dec so far

FPIs net outflow from equities at Rs 7,300-cr in Dec so far: New Delhi, Overseas investors have pulled out a massive Rs 7,300 crore from the country’s stock markets this month so far, primarily due to rising crude prices and widening fiscal deficit.This comes following an eight-month high inflow of Rs 19,728 crore in November, mainly

World Bank role in drafting Pakistan bill stuns MPs

World Bank role in drafting Pakistan bill stuns MPs

A Pakistani minister’s admission that the World Bank was involved in drafting a law on the countrys natural resources has taken Senators by surprise.The statement by Minister of State for Petroleum Jam Kamal Khan prompted Senate Chairman Mian Raza Rabbani to seek a written response from the Petroleum Ministry about the extent to which the

Cease funding oil

World Bank to cease funding oil, gas projects from 2019

Cease funding oil: The World Bank Group will no longer finance upstream oil and gas, after 2019,” it said in a statement in Paris, where world leaders sought to unlock more money for the shift away from Earth-warming fossil fuels. The announcement came as French President Emmanuel Macron told dozens of world leaders and company executives at a climate summit

Black money crackdown

No relief for well-know names: Centre

Black money crackdown: Number of disqualified directors stands at a massive 3,00,000, the government may be exposed to a litany of legal tussles, especially over whether due procedures were followed by it. “Just because somebody is considered prominent doesn’t mean he will be accorded any special relief by the government. They have access to judicial

Public opinion has changed in favour of FDI in defence: Jaitley

Public opinion changed FDI favour: The Indian government has been able to change domestic public opinion in favour of inviting foreign investment into sectors of production that were earlier considered out of bounds both for ideological as well as security reasons, Finance Minister Arun Jaitley has said.“We have been able to invest FDI (foreign direct

India has to grow faster, running against time: Jaitley

India has to grow faster: India needs to grow at a faster pace, Finance Minister Arun Jaitley has said, while asserting that there was public support for the government’s reform initiatives despite the difficulties arising from implementing GST, for instance. “The obvious challenge to the country is to grow and grow fast. It has to

World Bank president says Indian economy will soon come on track

World Bank president says Indian economy will soon come on track

World Bank President Jim Yong Kim said the recent slowdown in India’s economic growth is an “aberration” caused by temporary disruptions in preparation for the Goods and Service Tax (GST) and asserted that it will get corrected in the near future. Kim while responding to questions on slowdown in India’s growth in the first quarter

World Bank

World Bank: 250mn living in slums across East Asia, Pacific

Bangkok, Oct 3, World Bank : There are 250 million people living in poor quality housing with limited access to basic services across East Asia and the Pacific, the World Bank said in a report on Tuesday. The report, titled “Expanding Opportunities for the Urban Poor”, observed that the region of East Asia and the Pacific

Construction of BRICS bank headquarters starts in Shanghai

Construction of BRICS bank headquarters starts in Shanghai

A foundation stone laying ceremony for the construction of the permanent headquarters building of the BRICS New Development Bank (NDB) was held on Saturday in Shanghai. The building is expected to become a landmark building along Huangpu River. The ceremony took place in the World Expo Park in the heart of the city, which is

Amarinder announces development schemes for Amritsar

Amarinder announces development schemes for Amritsar

Amarinder announces development schemes for Amritsar. Punjab Chief Minister Amarinder Singh today announced a number of welfare and development schemes for Amritsar, including a Rs 3,000 crore World Bank aided project to establish a surface water-based drinking supply system in the city.The surface water scheme will replace the existing ground water-based drinking water supply scheme,

Hopes Raised For Pakistan-India Water Dispute Resolution

Hopes Raised For Pakistan-India Water Dispute Resolution

A constructive engagement between Pakistan and India during a latest round of water talks held here has raised hopes for an amicable resolution of the dispute, according to a top international expert. The World Bank, which hosted the talks at its headquarters two weeks ago, also noticed this positive change and mentioned it in a

Indus Waters Treaty allows India to construct hydroelectric power plants: World Bank

Indus Waters Treaty allows India to construct hydroelectric power plants. Under the Indus Waters Treaty, India is permitted to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions, the World Bank has said.“Both India and Pakistan have agreed to continue discussions over the Indus Waters Treaty and reconvene in

World Bank to invest Rs 5 lakh crore in Indian Railways

World Bank to invest Rs 5 lakh crore in Indian Railways

The World Bank will be help in preparing the map for the Indian Railways. The World Bank will invest Rs 5 lakh crore to convert this transport into a strategic platform.World Bank will help in investment, planning, digitalization and technology development through a partnering with World’s fourth largest and 164 year old railroad network. Apart

orld Bank lauds India's initiatives for Climate change-

World Bank lauds India’s initiatives for Climate change

World Bank lauds India’s initiatives for Climate change. India is emerging as a front runner in the global fight against climate change, the World Bank has said, noting that the solar power is gradually displacing coal as an energy source in the Asian country. According to the bank, with its conscious choice to use significantly

Bank lockers aren’t entirely risk-free RBI new regulations

Bank lockers aren’t entirely risk-free RBI new regulations

Bank lockers aren’t entirely risk-free RBI new regulations. If you have a ‘Bank Locker’ then keep an eye on these things Stolen incidents are common in banks. Just a few days ago, the robbers in the PNB bank of Modi Nagar had blown away millions of rupees from around 30 bank lockers. With such incidents,

Hike in Interest rates: Federal Reserve Unites States

Hike Interest rates: Federal Reserve United States. America’s central bank has taken another step towards normalizing monetary policy, by increasing interest rates to a 1% to 1.25% range. The US Federal Reserve has pressed on with the normalization of interest rate policy, by hiking borrowing costs for the second time this year. The Fed funds

IMF Chief Christine Lagarde urges Eurozone to progress on Greece debt relief package

IMF Chief Christine Lagarde urges Eurozone to progress on Greece debt relief package

BARI, ITALY: IMF chief Christine Lagarde on Friday urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. The International Monetary Fund has made a package easing Greece’s repayment burden a condition of its participation in an 86-billion-euro ($94-billion) bailout. “We will carry on working on this debt relief package,”

World Bank cancels USD 100 million loan for Pakistan

Islamabad: The World Bank has cancelled a USD 100 million loan to Pakistan for a natural gas efficiency project due to no progress in achieving the development objectives and a lack of interest on the part of the gas distribution company. The project, which was to be carried out by Sui Southern Gas Company (SSGC)