New Delhi: The National Green Tribunal has directed the Ministry of Environment and Forests (MoEF) to submit a report on the issue whether Environment Impact Assessment is necessary for inland waterway projects in Ganga river in the stretch from Varanasi to Haldia also known as the National Waterway 1. The Jal Marg Vikas Project (JMVP) … Read more
New Delhi: Niti Aayog Vice Chairman Rajiv Kumar on Thursday said the Indian economy might end up with a lower contraction in the current fiscal than projected by various organisations and also stressed that the next stimulus should focus on short-gestation infrastructure projects. Participating in a virtual event organised by Public Affairs Forum of India … Read more
Washington: India’s public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said on Wednesday. “In our projections, the increase in public spending, in … Read more
The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people. The $12 billion “envelop” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight … Read more
The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine. The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend … Read more