Tenure of Santosh D Vaidya (IAS:1998:UT), Senior Adviser to ED, World Bank (USA) under the Department of Economic Affairs, was on Monday extended for a period of 02 months beyond 11.06.2020.
World Bank has warned that COVID-19 pandemic's economic fallout could cause China's growth to come to a virtual standstill and drive 11 million more people in East Asia into poverty.
Aaditya Mattoo, the WB chief economist for East Asia and the Pacific, said that the pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region."
According to a report on the pandemic's impact on the region, even in the best-case scenario, the region will see a sharp slowdown, with China's growth slowing down to 2.3 percent from 6.1 percent in 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 Appointments Committee of the Cabinet may take adequate time 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.
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.
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
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.
has learned that the World Bank has invited Maharashtra's Slum Rehabilitation
Authorityâ€™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 Kapoorâ€™s