Reforms in states
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
The World Bank (WB) has warned that climate change could erode up to 12 per cent of Zimbabwe's Gross Domestic Product (GDP) annually if the country does not implement robust measures to tackle the phenomenon.
Zimbabwe's economic outlook is positive, with growth expected to increase to six per cent in 2025, up from two per cent last year on the back of an anticipated recovery in agriculture and robust growth in industry and services, the World Bank (WB) said Friday.
India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report.
A spokesperson of the University said here on Thursday that this prestigious recognition was awarded in accordance with the ISO/IEC 17025:2017 standard, confirming the lab’s compliance with general requirements for the competence of testing and calibration laboratories.
A war of words has followed the release of the Global Hunger Index (GHI), 2022 which ranked India at number 107 out of 121 countries.
"That's a world recessions could happen under certain circumstances," Malpass said.
This praise for India's cash transfer scheme comes as the country continues to maintain its position as the fastest-growing major economy in the world.
During her visit to the US from October 11 to 16, the Finance Minister would meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately to discuss issues of mutual interest.
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
