covid-19 crisis

Gita Gopinath to take on new role at IMF as First Deputy Managing Director

Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has served as the IMF’s chief economist for three years. (Photo source: Reuters) Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First Deputy Managing Director, the fund announced Thursday. She would replace …

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West Bengal secures $135 million World Bank loan to upgrade rural power distribution network

Economic growth in West Bengal has resulted in a growing electricity demand at a rate of 4.5 per cent in the past five years. (Representational image) International Bank for Reconstruction and Development (IBRD) has approved a USD 135 million loan to West Bengal to improve the operational efficiency and reliability of electricity supply in select …

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India, world’s largest recipient of remittances, received USD 87 bn in 2021: World Bank

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach USD 589 billion in 2021, the bank said. (Photo source: Reuters) India, the world’s largest recipient of remittances, received USD 87 billion in 2021 with the United States being the biggest source, accounting for over 20 per …

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