The World Bank has projected economic growth to accelerate to 7.3% in 2018-19 and 7.5% in 2019-20.
The forecast by the Washington DC-based multilateral agency, which is in line with its earlier projection in January, is however, a tad more optimistic than the government's official estimates, which has pegged GDP growth in 2017-18 at 6.6 per cent.
The Indian economy regained its momentum in the December quarter, recovering from disruptions caused by demonetisation and implementation of the goods and services tax (GST), to expand at 7.2%, the fastest in five quarters.
According to a report on PTI, on being asked about the Dollars 2 billion banking sector fraud which has been unearthed at Punjab National Bank (PNB) recently, World Bank said it is a standalone case and the investment decisions are long term which are taken well in advance.
The bank's India Development Update divides India's economic growth history into four segments.
"Many are attributing this short term down turn as a negative fallout from the reforms - Demonetization and Goods and Service Tax (GST)".
"India's long-term growth has become more steady, stable, diversified and resilient".
The report has also underlined priority areas for reform by India including accelerating the investment rate, reviving bank credit to support growth and more competitiveness to strengthen exports. It appreciated the impact of GST on formalization of the economy and for making economic growth sustainable. India needs to durably recover its two lagging engines of growth - private investments and exports - while maintaining its hard-won macroeconomic stability.
"In addition, reforms to land, labour and financial markets are needed to assure the continued competitive supply and use of key production inputs, such as labour, land, finance, and skills", it added.
"Blockchain's application for identity management and know your customer (KYC) looks quite promising", stated the study titled, 'Role of trade finance for inclusive growth, ' jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and global professional services firm Deloitte.
"The implementation of the new Insolvency and Bankruptcy Code is an important step towards changing the credit culture", the report said. Additional measures could include a consolidation of public-sector banks, revising their incentive structure to align more closely with their commercial performance, ensuring a level playing field for private banks, and opening the space for greater competition.
On the flip side, it said oil prices pose less of a risk for the Indian economy, the expected normalisation of monetary policy by the U.S. and the other advanced economies are likely to tighten financing conditions. While oil prices pose less of a risk for the Indian economy, the expected normalization of monetary policy by the United States and other advanced economies are likely to tighten financing conditions.
The temperature had warmed considerably by the time Paul Goydos began play as part of the first afternoon threesome off No. 10. And Woods' impressive putt certainly got fans talking on social media. "Tiger was that intimidating".
He plans to send another day in Nairobi before heading to N'Djamena, Chad, and Abuja, Nigeria, on Monday and Tuesday. Tillerson is four days into his first diplomatic trip to Africa, where he has visited Ethiopia, Djibouti and Kenya.
Sandile Shange, a training partner of Gwala's, told the BBC that Gwala is in hospital and his injuries are not life threatening. Three men are believed to have dragged the athlete into a bush and attempted to hack at his leg with a chainsaw.
According to NFL Network, Johnson will make around $15 million per year, though it's unknown how long the deal is for. Aldon Smith was released from the Oakland Raiders over an alleged March 3 attack, but he's fighting charges.
These interactions (depending on how you interpret the McGahn conversation) may not be illegal, but they raise serious questions. The White House did not immediately respond to CNBC's request for comment, while the special counsel's office declined comment.
Within a week of retailers announcing gun sales bans on adults younger than 21, a lawsuit in OR is seeking to test those policies. Knox Merkle, 19, of Moscow, said people should not be prevented from purchasing firearms just due to their age.
The free titles will be available for a select time frame, after which they will be refreshed with the next slot of games . The subscription will run you $12.99 per month, or $99 per year, and give you access to all of the Amazon Prime benefits.
She became the first Cabinet nominee in history to need a tie-breaking vote from the vice president to be confirmed by the Senate. On Sunday, the Department of Education Secretary stumbled her way through a sit down with 60 Minutes correspondent Lesley Stahl .
It also requires internet providers to disclose information about their management practices, performance and commercial terms. If other states follow Washington's lead, ISPs in those states would also operate under different rules.
Catherine and Prince William will become parents for the third time next month, but an official date has not yet been announced. The school is part of a project with charity Family Links that works with schools in the United Kingdom on emotional health.
England and Quetta star Kevin Pietersen announces retirement
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Iran, US to hold talks on 2015 nuke deal
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Broadcom To Scrap Qualcomm Bid After Trump Block
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USA tariffs will help few
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Beyonce, Jay-Z announce Cleveland tour stop this summer
Jay-Z (L) and Beyonce perform onstage during the " On The Run Tour: Beyonce And Jay-Z" on July 24, 2014 in Chicago , Illinois. The tour closed with two global dates in Paris, France that was filmed for an HBO special that received an Emmy nomination.
PS4 Update 5.50 Is Out Now
Supersampling allows 1080p TV owners to benefit from PS4 Pro resolution enhancements in the games that support it. The dreaded notification centre has been updated again, and you're now able to delete old notifications in bulk.