World Bank Archives - National Times

09 Apr

Haryana Unveils ₹5,715 Crore Water Security Plan to Transform Agricultural Irrigation

nishuthapar10 CommentsHaryanaAnurag Rastogi, Haryana, irrigation reform, Water Secure, World Bank

Chandigarh (Balwinder Singh): In a significant push towards long-term water sustainability, Chief Secretary Sh. Anurag Rastogi, on Thursday, chaired a high-level meeting with the World Bank Appraisal Mission, marking a decisive step forward in the implementation of the ambitious ‘Water Secure Haryana’ programme. The programme, with a total outlay of ₹5,715 crore, including a ₹4,000 crore World Bank loan, is aimed at improving the efficiency, reliability and sustainability of agricultural water use across Haryana. Planned over a six-year period, the initiative represents a comprehensive and structured effort to strengthen water management systems in the state. The project will be implemented…

India Becomes World’s 4th Most Equal Society, Says World Bank

Rajeev Sharma0 CommentsIndiafinancial inclusion, Gini Index, income equality, India, poverty reduction, World Bank

New Delhi, July 5 — India has emerged as the fourth most equal society in the world, achieving a Gini Index of 25.5, according to the latest data released by the World Bank. The nation now ranks just behind the Slovak Republic, Slovenia, and Belarus in income equality, outpacing major economies including China, the United States, and all G7 and G20 nations.“It reflects how India’s economic progress is being shared more evenly across its population,” stated a release from the Ministry of Social Welfare. “Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering…

India’s Extreme Poverty Plummets from 27.1% to 5.3% in Just Over a Decade: World Bank

Rajeev Sharma0 CommentsBusiness, IndiaWorld Bank

New Delhi (National Times): In a landmark revelation, the World Bank has released its June 2025 Poverty Report, highlighting a significant decline in extreme poverty in India. According to the report, the percentage of Indians living in extreme poverty, defined as living on $3.00 a day (2021 PPP), has dropped dramatically from 27.12% in 2011 to just 5.25% in 2022. This translates to a reduction in the number of people living under extreme poverty from 344.41 million in 2011 to 75.22 million in 2022, an achievement that underscores the success of India’s inclusive growth strategies over the past decade. The…