BRICS Upon BRICS: Now A $100 Billion Bank

   Brazil has been a destination and centre of attraction in recent days, not just for organising the FIFA World Cup 2014 but also for hosting the second cycle of the BRICS (Brazil, Russia, India, China, South Africa) Summit.   The key focus of the 6th BRICS Summit in Brazil at Fortaleza was the setting … Continued

World Bank Writes 300 Reports A Year But 100 Are Never Read

World Bank puts out around 300 reports but their own analysis has shown that around 100 of these reports are not read at all.   World Bank provides financial and technical assistance to developing countries across the world. In doing so, the Bank produces a wealth of information, papers and documents aimed at helping reach … Continued

Chart: India Ahead of Japan in PPP Terms

A new report by the International Comparison (ICP) released on April 29, 2014 has placed India ahead of Japan in terms of purchasing power parity.   As per the report that covered 199 economies, the top economies are the United States, China, India, Japan, Germany and the Russian Federation.   The data showed that the … Continued

UPA’s Healthcare Claims: How Does It Stack Up

      With elections on their mind, the United Progressive Alliance (UPA) led by the Congress party has allocated more than Rs 600 crore for advertisements highlighting the achievements of the Government.  The ads have been placed on different platforms ranging from television, newspapers, radio and even the social media.   IndiaSpend will try … Continued

World Bank Projects Economic Growth In India At Over 6% in 2014-15

Takeaways from the Global Economic Prospects (GEP) released by the World Bank.   In the Global Economic Prospects (GEP) released in January 2014, the World Bank has said that the world economy is projected to strengthen this year, with growth picking up in developing countries coupled with the fact that high-income economies are appearing to … Continued