Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking while Gujarat has slipped to the third position in the list prepared by the World Bank and DIPP. Chhattisgarh, Madhya Pradesh and Haryana occupied the fourth, fifth and sixth slots, respectively in the index based…
Tag: World Bank
Automation threatens 69% jobs in India: World Bank
Automation threatens 69 per cent of the jobs in India, while 77 per cent in China, according to a World Bank research which has said that technology could fundamentally disrupt the pattern of traditional economic path in developing countries. “As we continue to encourage more investment in infras…
Indian GDP growth to remain robust at 7.6%: World Bank
Ahead of the Reserve Bank of India’s first monetary policy review to be decided by a committee later on October 4, the World Bank has said India’s GDP growth will remain robust at 7.6 per cent in 2016 and 7.7 per cent in 2017. “In India, GDP growth will remain strong at 7.6 per …
Garbage apps to solar lamps: Businesses helping poor attract foreign investors
As a new business in India offering environmentally-friendly rubbish disposal, ScrapApp has boomed in the past year while helping address one of the nation’s major problems – garbage. In India, where recycling rubbish is not part of the formal sector, masked workers from social enterprise S…
IFC to invest Rs 134 crore in future consumer enterprise
Future Consumer Enterprise Limited (FCEL) July 2, 2016 said it would raise Rs 134 crore from the World Bank’s investment arm International Finance Corporation (IFC). FCEL, a part of Kishore-Biyani’s Future group, has entered into an agreement with IFC and as part of that it would issu…
World Bank partners with the Indian council of arbitration (ICA) for dispute board services in India
Dispute Board (DB) system is a concurrent mechanism for resolution of dispute before arbitration/litigation. The DB usually consists of three experts, who are experienced, respected, and impartial, acceptable to both the parties and conversant with the nature and complexity of the work involved. …
IFC focus on startups in healthcare, edu-tech and clean technology among others
International Finance Corp, the private sector investment arm of the World Bank, is looking to ramp up its venture capital activity in India, a geography that represents the long-term investor’s second-largest portfolio globally. Buoyed by its investments in a string of leading Indian start…
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…
Tool Rooms and Technical Centers to augment & upgrade machine and equipment | MSME Ministry
MSME Minister Kalraj Mishra in a press conference held at New Delhi on March 8th talked about the tool rooms and technical centres. He mentioned that 1,81,500 youth will be provided training and technological support. 36,600 MSEs will be provided Rs. 100 Cr capital expenditure, for augmentation a…
Piggybank – a $20-m walk in the Cloud4c awaits investors
Cloud4C, touted as the world’s only Tier-4 cloud solutions firm, promoted by Tier-4 data center services provider CtrlS is looking at raising around $20 million by divesting a minority stake. The cloud solutions firm that kicked off commercial operations in April 2015 would divest a maximu…