The financial crisis has become an economic downturn said the president of World Bank, Robert B. Zoellick. He also added that the global financial crisis have hit international trade. International trade is usually financed by [...]
World Bank
It seems that things are not going well for Satyam computers as close on heel on its botched acquisition deal of Mayatas, news have now come out that the World Bank has banned it from [...]
Wipro, the third largest software exporter of India, today declared that it is not eligible for contesting direct contracts with the World Bank till 2011. In June 2007, the World Bank had clearly determined that [...]
After debarring Satyam from its list, the World Bank has now chosen another Indian IT giant Tata Consultancy Services to do much of the work which was previously initiated by Satyam. TCS is managed to [...]
World Bank has warned that protectionism behavior being increasingly adopted by the countries is limiting the global trade. The Bank said that it has discovered nearly 47 measures since September that have contributed to the [...]
India has decided to contribute nearly Rs.1,00,000 crore ($20 billion) to Asian Development Bank, World Bank and IMF (International Monetary Fund) to make it possible these institutions to lend money. This amount will be passed [...]
An urban ministry report says that Indian cities are to receive a huge sum of Rs.25,000cr for infrastructural development from World Bank. The amount is to be dispersed in the coming five years. An official [...]
A majority of developing economies will be further slipping into the grips of recession this year, with the ongoing economic downturn prompting several global investors to pull their money back, a recent report from the [...]
It seems that the Indian economy is on the road of recovery and is improving from the global slowdown much quickly than expected and the major reason behind this recovery is fiscal stimulus. The World [...]
