Tag: World Bank

SBI announces financing of rooftop solar projects worth Rs. 400 crore with private developers

Newsroom24x7 Network New Delhi: The State Bank of India (SBI) today announced financing of rooftop solar projects worth Rs. 400 crore, with private developers. This would add at least 100 MW of rooftop solar capacity to the grid, and is a significant step towards meeting the Government of India’s target for 40 GW of rooftop

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Madhya Pradesh signs $ 35 million agreement with World Bank to streamline delivery of public services

Newsroom24x7 Desk Bhopal: An agreement for IDA credit of USD 35 million from World Bank for ‘Madhya Pradesh Citizen Access to Responsive Services Project’ was signed in New Delhi today. This agreement will build the capacity, simplify the process and expand the ambit of delivery of public services. Union Joint Secretary Economic Affairs Raj Kumar

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India notches up in Ease of Doing Business ranking worldwide

Newsroom24x7 Desk New Delhi : India improved its ranking in the category of ‘Starting a business’ and ‘Ease of doing business.’ It jumped upwards 12 places, reaching to the 130th position this year on the ease of doing business ranking. Out of 189 countries featuring in the list of ‘ease of doing business’, according to the

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David Saperstein is US Ambassador-at-Large for Religious Freedom

Newsroom24x7 Desk Washington DC: At a special function to mark David Saperstien’s swearing in as US Ambassador-at-Large on Friday, US Secretary of State John Kerry stated since the days of Thomas Jefferson, religious freedom has been at the absolute center of American values and an essential component of US foreign policy, and it is especially

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Friends of the Lower Mekong and the sustainabilty initiative

Newsroom24x7 Desk Washington DC, Feb. 3: Friends of the Lower Mekong, a donor coordination group, have come together with the countries of the Lower Mekong to discuss the connection between water resources, energy needs, and food security. Carrying forward this objective, US Counselor Tom Shannon and Senior Advisor to the Secretary Ambassador David Thorne led

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States show the way forward for building smart cities

Two-day stakeholders’ consultations on the directive of Prime Minister conclude today States suggest two-stage selection of cities fixed tenures for Mayors and municipal cadres  e-governance online service delivery hike in FAR user-fee based concessions Newsroom24x7 Desk New Delhi, Jan. 31: The smart cities building initiative crossed a major milestone today with the states and other

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Partnership with India will be vital to U.S. strategic interests: Obama

Newsroom24x7 Desk Six months ahead of US President Barack Obama’s Visit to India for Republic Day the American Bureau of South and Central Asian Affairs in its Fact Sheet (August 25, 2014) had summed up US relations with India by quoting the President himself who had called India one of the defining partnerships of the 21st

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Five Questions About China’s Latest GDP Growth Report

COLLEGE PARK, (Maryland, USA), Jan. 22: China’s latest GDP data reinforce the widely held belief that the days of break-neck economic growth are indeed coming to an end. At 7.4 percent, the reported growth rate for 2014 is the slowest since 1990. Anil K. Gupta, the Michael Dingman Chair in Strategy and Entrepreneurship at the

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India external debt witnesses rise due to higher commercial borrowings and NRI deposits

Newsroom24x7 Desk New Delhi, Jan. 9: Four months after the formation of the Modi Government at the Centre, India’s total external debt stock (at end-September 2014) was placed at US$ 455.9 billion, recording an increase of US$ 13.7 billion over its level at end-March 2014. According to data released for the quarter ending September 30,

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