World Bank staff wants Wolfowitz to resign World Bank President Paul Wolfowitz has acknowledged that he erred in helping a close female friend get transferred to a high-paying job, and said he was sorry. 14 Apr 2007
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World Bank Divided on Wolfowitz's Future The controversy involving World Bank President Paul Wolfowitz and his involvement in a huge pay increase awarded to a close female friend 14 Apr 2007
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India a role model for Africa, says World Bank head India's economic growth story is an inspiration for poor countries in places like Africa and its success in undertaking development initiatives is being emulated, World Bank President Paul Wolfowitz said. 12 Apr 2007
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India third largest economy by 2025: WB If India maintains the present pace of economic growth, the nation will become the third largest economy after China and the US by 2025, World Bank has said. 13 Dec 2006
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ADB to lend India $ 1 billion to help rural poor The Asian Development Bank has agreed to lend India $ 1 billion - the largest ever advance by the bank to a developing country - to address the issue of widespread suicide by farmers in many parts of the country. 11 Dec 2006
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ADB to help Nepal develop agriculture The Asian Development Bank (ADB) has decided to grant $ 18 million aid to help agriculture commercialization in Nepal's Eastern Development Region to expand economic opportunities for the rural poor. 06 Dec 2006
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Chidambaram sees no need to cut state bank stakes Finance Minister Palaniappan Chidambaram has announced that he saw no need to lower the government's stakes in state-run banks, and added that India's inflation rate was contained. 27 Oct 2006
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RBI clears way for IDBI-UWB merger India's central bank, the Reserve Bank of India (RBI) has approved the takeover of ailing United Western Bank (UWB) by IDBI, setting aside reservations of the Satara-based bank to the amalgamation scheme. 03 Oct 2006
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UWB merger may affect IDBI’s financial profile: S&P Industrial and Development Bank of India (IDBI) which has won the race for acquisition of ailing United Western Bank (UWB), held a board meeting on September 21 to discuss the Reserve Bank of India's (RBI) draft scheme for amalgamation, even as global rating agency Standard & Poor's has warned that UWB's huge bad loans may affect the acquirer's financial profile negatively. 22 Sep 2006
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United Western Bank to merge with IDBI: RBI The race to acquire the beleaguered United Western Bank (UWB) has finally come to an end with Industrial Development Bank of India (IDBI) all set to acquire it, the Reserve Bank of India (RBI) has announced. 19 Sep 2006
