Food waste in Pakistan costs $4 billion annually, says report

02 May 2023

As per the news report on Tuesday, a shocking report in Pakistan has revealed that food waste is worth USD 4 billion annually. Pakistan wastes 26% of its food production, i.e., 19.6 million metric tonnes a year. Most food items are wasted because they do not meet the criteria of...

World Bank grants USD 363 million to Karnataka to improve state’s drinking water supply

29 Mar 2023

The Executive Board of Directors of the World Bank authorized a USD 363 million loan to Karnataka to supply two million rural households with clean drinking water through a piped water connection. The loan will mature in 13.5 years, including a two-year grace term. According to the World Bank, almost...

India’s Health Sector to get aid of USD 1 billion loan from World Bank

05 Mar 2023

The Government of India and the World Bank signed two complementary loans of USD 500 million each to support and enhance India's health sector development. According to a release by World Bank on March 3, this combined financing of USD 1 billion will support India's flagship Pradhan Mantri-Ayushman Bharat Health...

First Global Partnership for Financial Inclusion G20 summit to start in Kolkata

09 Jan 2023

The first G20 Global Partnership for Financial Inclusion (GPFI) meeting under G20 India Presidency is scheduled to be held from 9th January to 11th January 2023 in Kolkata. The city has been decked up for the event. Tight security has been ensured for the delegates. As per officials, principles of digital...

Indian economy to grow 6.9% in FY2023, says World Bank

06 Dec 2022

According to a report released by the World Bank on Tuesday, India's economy is ecpected to grow 6.9% in the current fiscal year as a result of tighter monetary policy and rising commodity prices. Asia fourth-largest economy expanded 6.3% in the July-September quarter, and gross domestic product growth for the...

India to receive over record USD 100 billion in remittances in 2022: World Bank

01 Dec 2022

As India retains the top spot as the world’s top recipient of remittances migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising prices. The latest Migration and Development Brief, World Bank states that remittance flows to India will...