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World economy gathering speed, but growth momentum unlikely to last long: IMF
Mon, Jan 22, 2018
The world economy is gathering speed with growth forecast for 2018 and 2019 pegged at 3.9 per cent, the IMF said today but warned that the present economic momentum reflects a "confluence of factors" that is unlikely to last for long.
India reclaiming place at growth leader, says IMF
Tue, Jan 16, 2018
After a short period of slowdown in the economy, India is reclaiming its place as a growth leader, first deputy managing director of the International Monetary Fund (IMF) David Lipton said.
Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Wed, Dec 27, 2017
The value-added tax, or VAT, will apply to a range of items like food, clothes, electronics and gasoline, as well as phone, water and electricity bills, and hotel reservations.
IMF warns on brewing risks in China's financial system
Thu, Dec 07, 2017
The IMF report comes a day after regulators in Beijing drafted new rules to strengthen bank funding, and follows a number of alerts about a ballooning debt problem in the world's number-two economy.
IMF to update India growth rate forecast in January
Fri, Dec 01, 2017
The International Monetary Fund (IMF) today said it will update its growth rate forecast for India in January next year.
India moves up one notch to 126 in GDP per capita terms
Sun, Nov 19, 2017
The data, which forms part of the latest World Economic Outlook report of the International Monetary Fund, ranks over 200 countries in terms of per capita GDP based on purchasing power parity (PPP).
International Monetary Fund not endorsing Universal Basic Income in India: Official
Sun, Oct 15, 2017
The IMF today shot down media reports speculating that it was pushing for the Public Distribution System (PDS) to be replaced by the Universal Basic Income (UBI) in India.
IMF favours three structural reforms in India
Sat, Oct 14, 2017
The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.
India GDP: IMF's forecast not surprising; problems way beyond demonetisation, GST
Thu, Oct 12, 2017
IMF and many economists have forecasted India's GDP growth to range between 6.5% to below 7% for fiscal year 2017-18 (FY18)
IMF downgrades India's growth, but says a blip in much positive long-term
Wed, Oct 11, 2017
"The downgrade for this year's looks like a blip in a much positive longer-term picture," Maurice Obstfeld, Economic Counsellor and Director of Research Department at IMF.
Raghuram Rajan was offered deputy governor's post in RBI by Y V Reddy
Mon, Jun 26, 2017
Raghuram Rajan was the 23rd Governor of the RBI between September 2013 and September 2016. Between 2003 and 2006, Rajan was the Chief Economist and Director of Research at the International Monetary Fund.
Saudi Arabia to introduce new family tax from July 1; here's how it will affect 41 lakh Indians
Wed, Jun 21, 2017
Saudi Arabia will introduce new family tax named as 'dependent fee' of 100 riyals per month for each dependent of foreign nationals and the new tax is set to prove a big financial burden for the Indian expats as about 41 lakh Indians work into the country.
India's foreign exchange reserves surge by over $4 billion
Sat, May 27, 2017
The foreign exchange (Forex) reserves of India have risen by over $4 billion as on May 19 this year.
India's growth to rebound to 7.2% after demonetisation disruptions: IMF
Tue, May 09, 2017
"In India, growth is projected to rebound to 7.2 per cent in FY2017-18 and further to 7.7 per cent in FY2018-19," the IMF said.
Demonetisation still pulling Indian economy down
Thu, Apr 20, 2017
Need to boost financial stability through full recognition of non-performing loans and raising public sector banks’ capital buffers, the rating agency said.
India returned to fiscal consolidation in 2016-17: IMF
Wed, Apr 19, 2017
Overhauling India's food and fertiliser subsidy regime through better targeting and efficiency could generate substantial fiscal gains, it said.
IMF trims India's growth forecast to 7.2% for 2017
Tue, Apr 18, 2017
The Indian government in February had pegged GDP growth at a higher-than-expected 7.1% for the current fiscal despite the note ban.
US President Donald Trump calls Chinese ''grand champions'' of currency manipulation
Fri, Feb 24, 2017
US President Donald Trump declared China the "grand champions" of currency manipulation on Thursday.
India's GDP projected to slow to 6.6% post-demonetisation: IMF
Thu, Feb 23, 2017
The investment recovery is expected to remain modest and uneven across sectors, as deleveraging takes place and industrial capacity utilization picks up, the report said.
Prime Minister Narendra Modi says cash crackdown is a fight for the poor
Tue, Feb 07, 2017
Prime Minister Narendra Modi on Tuesday defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a "fight" for the poor.