World Bank selects Jim Yong Kim as its next President

United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based......

SC dismisses PIL to declare Indus Waters Treaty unconstitutional

The Supreme Court on Monday dismissed a public interest litigation seeking declaration of the Indus Waters Treaty between India and Pakistan as illegal and unconstitutional. "This treaty is of......

Chernobyl to be cased in steel

Ukrainian authorities have approved a giant steel cover for Chernobyl, the radio-active site of the world's worst nuclear disaster. Authorities have hired a French firm, Novarka, to build the......

Afghanistan can't be terror haven: China warns Taliban

Hours after expressing hope that the Taliban will form an "open and inclusive" Islamic government and ensure a smooth transition in Afghanistan, China has warned the Afghan militant group against......

World Bank extends $4.3 billion aid to India

On Wednesday, the World Bank announced a new innovative and flexible financing arrangement for India -- one of its largest client countries -- allowing it to obtain substantial and additional......

US Treasury's David Malpass bags World Bank's top job

The World Bank's executive board unanimously selected 63-year-old Malpass, who is currently Under Secretary of Treasury for International Affairs, as the bank's 13th President for a five-year term......

Ajay Banga becomes first Indian-American to head World Bank

Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working......

World Bank chief to meet Modi to review key priorities

World Bank Group President Jim Yong Kim will meet Prime Minister Narendra Modi this week to understand his development priorities. Kim, who arrives in New Delhi tomorrow on a three-day visit to the......