India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits among others.

Asia’s third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the April-June quarter.

Minor formalities remain to be completed on this front before the first disbursement, MoS for Food Processing Industries said.

The RBI has allowed us to borrow ECB up to USD 750 million annually under the automatic route.

IMF succession is expected to be a major topic of discussion among G7 finance ministers and central bank governors meeting on Wed.

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group.

As MD & CFO, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.