WORLD BANK

foreign-postings:-acc’s-clearance-awaited-for-07-director-level-posts

Foreign postings: ACC’s clearance awaited for 07 Director level posts

If some top sources are to be believed the NaMo administration may soon clear the appointment of seven Director level posts for India’s establishments in Beijing, Brussels, Manilla, Geneva and Washington DC.

Reportedly, the the Appointments Committee of the Cabinet is expected to clear the appointments of Directors to be posted in Asian Development Bank (Manilla), World Trade Organisation (Geneva), Brussels, Beijing, Indian Embassy in Washington DC, World Bank.

 

16 Nov 2019
banerjee,-a-nobel-laureate-in-economics,-apprehensive-about-india’s-growth-story!

Banerjee, a Nobel laureate in economics, apprehensive about India’s growth story!

With the World Bank reducing the growth rate of India to around 6 per cent from its earlier projection of 7.5 per cent, Indian-American Nobel laureate in economics Abhijit Banerjee too is of the view that Indian economy is on a shaky ground as far as growth is concerned.

Banerjee is of the view that the data available at the moment do not hold any assurance for India's economic revival anytime soon. Indian economy is on a shaky ground. After witnessing the present (growth) data, just can't be sure about revival of economy in near future.

In the last five-six years, at least the country witnessed some growth, but now that assurance is also gone and there is no growth visible. He has also talked about imposing more taxes on rich and industrialist of the country to help the economy grow. He had several countries as research subject.

15 Oct 2019
foreign-postings:-acc’s-clearance-awaited-for-07-director-level-posts

Foreign postings: ACC’s clearance awaited for 07 Director level posts

By IndianMandarins 16 Nov 2019

If some top sources are to be believed the NaMo administration may soon clear the appointment of seven Director level posts for India’s establishments in Beijing, Brussels, Manilla, Geneva and Washington DC.

Reportedly, the the Appointments Committee of the Cabinet is expected to clear the appointments of Directors to be posted in Asian Development Bank (Manilla), World Trade Organisation (Geneva), Brussels, Beijing, Indian Embassy in Washington DC, World Bank.

 

banerjee,-a-nobel-laureate-in-economics,-apprehensive-about-india’s-growth-story!

Banerjee, a Nobel laureate in economics, apprehensive about India’s growth story!

By IndianMandarins 15 Oct 2019

With the World Bank reducing the growth rate of India to around 6 per cent from its earlier projection of 7.5 per cent, Indian-American Nobel laureate in economics Abhijit Banerjee too is of the view that Indian economy is on a shaky ground as far as growth is concerned.

Banerjee is of the view that the data available at the moment do not hold any assurance for India's economic revival anytime soon. Indian economy is on a shaky ground. After witnessing the present (growth) data, just can't be sure about revival of economy in near future.

In the last five-six years, at least the country witnessed some growth, but now that assurance is also gone and there is no growth visible. He has also talked about imposing more taxes on rich and industrialist of the country to help the economy grow. He had several countries as research subject.

three-ias-officers-given-foreign-postings-in-world-bank,-imf,-adb

Three IAS officers given foreign postings in World Bank, IMF, ADB

By IndianMandarins 19 Jul 2019

The NaMo administration on Friday cleared the appointment of three IAS officers as Senior Advisers to EDs of World Bank, ADB & IMF for a period of three years. Accordingly;

  • T Natarajan (IAS:1996:GJ) appointed Senior Advisor to Executive Director, International Monetary Fund (IMF).
  • Ritesh Kumar Singh (lAS:1996:KN) appointed Senior Advisor to Executive Director, World Bank.
  • Prashant Goyal (lAS:1993:AGMUT) appointed Senior Advisor to Executive Director, Asian Development Bank (ADB).

sbi-md-anshula-kant-made-world-bank-md

SBI MD Anshula Kant made World Bank MD

By IndianMandarins 13 Jul 2019

One of the top SBI officials Ms Anshula Kant is appointed the new MD and Chief Financial Officer of the World Bank. Currently, Kant is holding the post of SBI MD. At the World Bank, she will report directly to President David Malpass in Washington DC.

 

At the global bank, Kant's responsibilities will span financial reporting, risk management, and working closely with the World Bank CEO Kristalina Georgieva on the mobilization of the International Development Association (IDA) and other financial resources.

 

She had joined SBI in 1983 as a probationary officer. Rising through ranks, she has been a Managing Director and member of the Board since September 2018. She is due to superannuate in September 2020.

 

She is credited with improving SBI's asset quality as gross non-performing assets reduced to 7.53 percent of gross advances at end-March 2019 as against 10.91 percent a year before. She has also been commended for her performance during the demonetization/remonetization period.

world-bank-invites-kapoor-(ias)-for-its-annual-conference

World Bank invites Kapoor (IAS) for its annual conference

By IndianMandarins 25 Mar 2019

Indianmandarins has learned that the World Bank has invited Maharashtra's Slum Rehabilitation Authority’s Chief Executive Officer Deepak Kapoor, who belongs to the 1991 batch of IAS officers, for a presentation on e-governance initiatives undertaken by the Authority at the 20th Annual World Bank Conference on Land and Poverty in Washington DC from March 25 to March 29. Chief Minister Devendra Fadnavis has already named Milind Mhaiskar as the acting SRA chief in Kapoor’s absence.

improved-world-bank-ranking:-rediscovering-indian-customs

Improved World Bank Ranking: Rediscovering Indian Customs

By IndianMandarins 04 Nov 2018

The significant improvement of 66-point improvement in India's global ranking in trading across the border from 146 to 80 has a story to tell. Indian Mandarins has examined that Indian Customs headed by CBIC (Central Board of Indirect Taxes and Customs) under the Ministry of Finance indeed played a vital role in improving the trade score.

 

Perceptions of the users and other stakeholders usually play a critical (often determining) role in deciding the World Bank Ranking apart from the methodology adopted by the world bank team in a given year. Any perceptional change in ease of trading across the Indian borders brings into sharp focus the role played by Indian Customs.

 

The customs department efforts to improve trading across borders began a few years ago with the introduction of a number of IT-enabled initiatives at the ports. They reduced dwell time (that is time taken by an import /export cargo at the port before it is cleared by the port agencies) to 100-120 HOURS versus 15-20 DAYS earlier. For normal consignment, the dwell time was reduced to 10-20 hours. Further, about 70% of the import cargo and 95% of the export cargo are facilitated by a Risk Assessment System (that is it is cleared automatically without any manual intervention). Flagship facilitation measures like Direct Port Delivery (DPD), Direct Port Entry (DPE), Authorised Economic Operators (AEO) etc have improved the perception index many notches among the trading community.

 

About 60% of India’s containerised cargo is routed through one single port at Nhava Sheva, Mumbai (Jawahar Lal Nehru Port) and many implementation aspects of these reforms were tested and fine-tuned at this port and logically so. Nhava Sheva port has witnessed the maximum impact of these reforms recently. In fact, it has played the role of a torchbearer for other smaller Indian port in implementing these reforms. Over the last few years, CBIC took pains in the deployment of the top management team at Nhava Sheva by way of recasting its HR policy.

a-leap-in-eodb-ranking:-dipp-officials-do-it-again

A leap in EODB ranking: DIPP officials do it again

By IndianMandarins 01 Nov 2018

The task of improving India's rank in the World Bank list of countries that facilitate ease in doing business, set by Prime Minister Narendra Modi immediately after coming to power in 2014, continues to be implemented with rigour and precision. Executed initially by earlier DIPP Secretary Amitabh Kant (Retd IAS:1980:KL) and his team of officers that set the pace for efforts to improve India's rank, Kant's successor Ramesh Abhishek (IAS:1982:BH) and his team have ensured a leap in this regard.

It may be mentioned that Additional Secretary Shailendra Singh (IAS:1988:MP) and Joint Secretary Ravinder (IAS:1999:UP) got the PM award for their contribution after India improved its rank from 130th to 100th last year. Ravinder looks after Ease of Doing Business (EODB) and reforms pertaining to WB ranking of countries.

In 2018 WB report, India further jumped 23 slots and came 77th among 190 countries assessed by the World Bank. India's leap of 23 ranks in the Ease of Doing Business (EODB) ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large country of the size of India. As a result of continued efforts by the Government, India has improved its rank by 53 positions in the last two years and 65 positions in the last four years (2014-18).

 The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.

"Today, India’s stands at 77 in WB Doing Business 2019. In 3 years, we have improved our ranking by 65 points - no country of India’s size and complexity has achieved this. Demonstrates that in India, transformative changes are possible if we put our minds to it," says Amitabh Kant, CEO of NITI Aayog and former Secretary of Department of Industrial Policy & Promotion.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.