The Cabinet Committee on Economic Affairs has approved a proposal by the Department of AIDS Control for the implementation of the National AIDS Control Support Project (NACSP) at a cost of Rs. 2,550 crore. This project will contribute towards intensifying and consolidating prevention services with a focus on highly vulnerable populations, high risk groups and [...]
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The Cabinet Committee on Economic Affairs has approved a proposal by the Department of AIDS Control for the implementation of the National AIDS Control Support Project (NACSP) at a cost of Rs. 2,550 crore. This project will contribute towards intensifying and consolidating prevention services with a focus on highly vulnerable populations, high risk groups and [...]
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Egypt‘s ruling military council on November 24 tasked former prime minister Kamal al-Ganzuri with forming a new cabinet. Ganzuri headed the government from 1996 to 1999, under ousted president Hosni Mubarak. After the popular uprisings earlier this year that toppled Mubarak, Ganzuri distanced himself from the former leader in a television interview, prompting several Facebook [...]
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The World Bank has approved a US $250 million credit and loan to the West Bengal Accelerated Development of Minor Irrigation Project (ADMIP) for increasing agricultural production of small and marginal farmers. About 139,000 hectares of irrigated area are expected to be developed under the project, benefitting an estimated 166,000 farm families. The credit from [...]
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In its recent biannual publication, World Economic Outlook, the International Monetary Fund warned that the world economy was “in a dangerous new phase.” That warning was issued just days before the annual IMF-World Bank meeting of finance ministers and central bank governors inWashington. With the World Bank and other international agencies more or less endorsing [...]
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Even asIndiahas been gripped by the debate on the Jan Lokpal Bill and the high-profile scandals that triggered it, multilateral organisations such as the World Bank are similarly grappling with their own anti-corruption strategies and need to do more to build institutional capacities in their client countries, according to an independent evaluator. This week the [...]
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With the Information and Communication Technologies (ICT) growing exponentially in developing countries during the last decade it is hardly surprising that multilateral lenders such as the World Bank have invested heavily in promoting this sector’s expansion. More intriguing, however, is the assessment that while the Bank’s interventions succeeded in promoting sector reforms and private investments [...]
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The Ministry of Power has submitted a project proposal seeking World Bank assistance of fifteen hundred million US Dollar to improve transmission and distribution network in the states of Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. In a written reply to a question in Rajya Sabha today, Minister of power Shri Sushilkumar Shinde said that [...]
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British atomic physicist Joshua Silver, shortlisted for a 2011 European inventor award, is reportedly liaising with the World Bank on a revolutionary project to distribute spectacles to 200 million children in developing countries. According to The Guardian, users would be able to adjust the glasses to their own personal prescription without help from an optician. [...]
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Under the pact, the World Bank would allow Himachal to secure carbon credits through carbon sequestration under the Clean Development Mechanism The Himachal Pradesh government has inked a green pact with the World Bank to allow the hill state to secure carbon credits through carbon sequestration under the Clean Development Mechanism. Carbon credits provide a [...]
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India is sitting on unused foreign aid of over Rs 1 lakh crore reflecting inadequate planning by ministries like urban development, water resources and energy , a report by government auditor CAG has said. The government has paid commitment charges of Rs 86.11 crore during 2009-10 in the form of penalty for not timely utilizing [...]
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According to the statistics of World Bank, India has become the largest borrower from the International Development Association (IDA), a component of World Bank Group which helps the poorest countries of the world. Among the bank’s FY10 Top Ten IDA borrowing countries, India tops the table with $ 2,578 million, followed by Vietnam ($ 1,429 [...]
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Concerned over volatile crude oil prices impacting the growth process, G—20 leaders have decided to call a meeting of the Energy Ministers of member countries to address the issue. Crude oil prices have crossed $ 100 a barrel in the international market. The high crude oil prices adversely impact oil importing nations, fuelling inflation and [...]
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1. The architect of the World Wonder Tajmahal is 2. The Art of Fine Handwriting is called 3. The President of World Bank is 4. The State Bank of India Act was passed in this year 5. The latest new term in the financial sector, Teaser Loan is called 6. The abbreviation of PCR in [...]
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The G20 begins a two-day meeting on 17th February against a background of rising food and commodity prices. Finance ministers and central bankers from 20 of the world’s biggest developed and developing nations will gather in Paris. They are being urged to tackle the issue of price inflation affecting basic goods, like food and fuel. [...]
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