E-PaperJim Yong Kim News
Opinion | Is it time to give up on the World Bank?
The World Bank has not been effective enough at what is supposed to be its core task: mobilising funds for infrastructure investment in poorer countries
4 min read8 Jan 2019World Bank president Jim Yong Kim to resign effective 1 Feb, work on infrastructure
Two people familiar with Kim's announcement to the World Bank executive board said he was leaving of his own accord and was not pushed out by the Trump administration.
1 min read8 Jan 2019World Bank to raise $200 billion to fight climate change
The financing will support higher-quality forecasts, early warning systems and climate information services, the World Bank group says
1 min read3 Dec 2018World Bank approves $13 billion capital boost as US drops objection
World Bank wins support from its member countries for $13 billion capital increase, as it imposes measures that would reduce loans to China
2 min read22 Apr 2018Cryptocurrencies are like ponzi schemes: World Bank chief
World Bank chief compares cryptocurrencies to ponzi schemes, the latest financial voice to raise questions about the legitimacy of digital currencies such as bitcoin
1 min read8 Feb 2018A truly global response to climate change
Partnerships around the world must be maintained in the global effort to achieve a smooth transition to low carbon and climate-smart development
3 min read31 Dec 2017Reforms undertaken by India significant: World Bank chief
The reforms undertaken by the Narendra Modi govt have been ‘significant’ and the results would be reflected in the mid- and long-term growth figures, the World Bank chief Jim Yong Kim said
2 min read12 Oct 2017World Bank warns of learning crisis in education in countries like India
World Bank warns of a learning crisis in global education particularly in low and middle-income countries like India
3 min read27 Sep 2017India growing pretty robustly: World bank chief
World Bank president Jim Yong Kim says Japan, Europe and the US along with India were growing and there was a levelling-out in developing countries
1 min read21 Sep 2017World Bank raises $500 million with ‘pandemic bonds’
World Bank raises $500 million to finance rapid response to disease outbreaks, including through sale of its first-ever pandemic bonds
1 min read29 Jun 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared