Current tariff 'unsustainable'; need telcos, TRAI to support hike: Sunil Mittal Bharti Airtel Chairman Sunil Mittal has stressed on the need for a hike in telecom tariff as the current rates are \"unsustainable\". However, he said that the telecom market and regulator would have to be on the same page before Airtel can go ahead with a tariff hike. Mittal added that Airtel has taken a clear stance on the issue of tariffs and is of the view that a hike is necessary. World Bank cautions G20 ...

World Bank President David Malpass warned that debt challenges were becoming more frequent, and failure to provide more permanent debt relief left a bleak outlook for reducing poverty

The twin crises of the pandemic and an uneven, uncertain global recovery dominated the first day of a two-day summit under the chairmanship of Saudi Arabia, which hands off the rotating presidency of the G20 to Italy next month

Sources familiar with Georgieva's goals say Biden's commitment to multilateral institutions and his pledge to re-enter the Paris climate agreement should help the IMF advance its own targets

The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, Malpass said, adding that a critical step for countries is to reopen schools

The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021

Global competition for early coronavirus vaccine doses is already fierce, months ahead of any approvals, as wealthy countries move to secure supplies

Last year, India had raised \"serious reservations\" over the Human Capital Index, wherein India was ranked 115 out of 157 countries

It is unfortunate timing, coming just months after Indian policy makers embarked on a fresh drive to open the country's bond markets to global investors, but adds to a list of issues stacking up

The World Bank report said that the global economy has experienced 14 global recessions since 1870: in 1876, 1885, 1893, 1908, 1914, 1917-21, 1930-32, 1938, 1945-46, 1975, 1982, 1991, 2009 and 2020

A debt relief initiative offered by the Group of 20 major economies, which includes China, and the Paris Club of official creditors could provide about $12 billion in extra liquidity through the end of the year

The Bank Group's support through grants, loans and equity investments will be supplemented by the suspension of bilateral debt service, as endorsed by the Bank's governors

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown

Lockdown in India latest updates: India reported 1,076 new cases and 32 deaths in the last 24 hours. The country's total number of coronavirus positive cases have risen to 13,835, including 11,616 active cases, 1,766 cured/discharged/migrated and 452 deaths

The IMF's managing director, Kristalina Georgieva, speaking at a rare joint news conference with the leader of the World Health Organization (WHO), called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic

World Bank President David Malpass predicted the bank could provide up to USD 160 billion in assistance over the next 15 months

In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards, World Bank said

Coronavirus pandemic: World Bank President David Malpass said the bank was committed to provide a fast and flexible response based on needs of developing countries

Coronavirus news: World Bank President David Malpass said there will be many unknowns about the fast-spreading virus

IMF chief Kristalina Georgieva and World Bank President David Malpass said in a joint statement that \"given growing health concerns related to the virus,\" they will switch \"to a virtual format\" for the meetings set for April 16-18