A benchmark index of Indian equities market Wednesday closed 1.12 percent or 213.97 points down as global markets also fell drastically following the World Bank reducing growth forecasts this year.
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.
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Recent news stories about World Bank
Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively, according to a newly released World Bank report.
Bangladesh's income per capita leaped to $923 in the outgoing 2012-13 fiscal year ending this month though remained far beyond reach with respect to the country's goal of graduating to a middle-income status by 2021, officials said Tuesday.
The northeastern state Mizoram expects to get financial aid from the World Bank for the development of roads in the mountainous state, bordering Myanmar and Bangladesh, officials said here Saturday.
India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.
Russia will take a $40 million loan from the World Bank to prevent forest fires and promote sustainable forest management, a government resolution said Tuesday.
After the resounding success of the World Bank-aided Mid Himalaya Watershed Development Project in Himachal Pradesh, the state Thursday sought its extension in other rural areas.
Videos about World Bank
Montek downplays IMF forecastOctober 16, 2012
New Delhi, Oct 16 (ANI): Deputy Chairman of Planning Commission, Montek Singh Ahluwalia today downplayed International Monetary Fund forecast, which ...
Wb, imf lower growth forecast, markets still bullishOctober 11, 2012
Following in the footsteps ofThe International Monetary Fund, the World Bank has cut Indias economic growth projection to 6% for the current fiscal ...
IMF cuts Indias growth forecast for 2012 13 to 5 6percentOctober 9, 2012
Tokyo, Oct 09 (ANI): The International Monetary Fund, in its latest World economic Outlook, has lowered Indias economic growth forecast by 1 per cent ...
Bharat bandh: Ravishankar Prasad and CP Thakur detained in PatnaSeptember 20, 2012
Patna, Sep 20 (ANI): BJP leader Ravi Shankar Prasad, who today led a protest rally on cycles in Patna, while protesting against the hiked diesel ...
New World Bank chief starts Africa tour in I. CoastSeptember 6, 2012
The new president of the World Bank, Jim Yong Kim, begins an African tour with a call to Ivory Coast to choose peace in order to foster economic ...
Photos related to World Bank
SINGAPORE, May 29, 2013 (Xinhua) -- World Bank's Managing Director ...May 29, 2013
SINGAPORE, May 29, 2013 (Xinhua) -- World Bank's Managing Director Sri Mulyani Indrawati speaks at the World Bank-Singapore Infrastructure Finance Summit held in Singapore, May 29, 2013. (Xinhua/Then Chih Wey) ****Authorized by ytfs****