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India's role to expand in Indo-Pacific region: IMF
Sat, Apr 21, 2018
While answering a question on the role India can play in the development and growth of the Indo-Pacific region, Ken Kang, Deputy Director of Asia and Pacific Department in the International Monetary Fund, said there is scope to do more on trade reform
IMF forecast for India: Bad news for economic reforms coming
Fri, Apr 20, 2018
IMF chief Christine Lagarde on Wednesday said she does not expect the pace of economic reforms in India to continue in an election year. She made the remarks during an interaction with reporters at the start of the spring meeting of the international finance organisations.
Control over debt level major challenge for China, says IMF
Thu, Apr 19, 2018
China has to tackle two challenges: the overall rebalancing of its economy, and the issue of vertical imbalance in the public finances.
India to grow at 7.4 per cent in 2018: IMF
Tue, Apr 17, 2018
According to the IMF, India has made progress on structural reforms in the recent past, including through the implementation of the GST, which will help reduce internal barriers to trade, increase efficiency, and improve tax compliance. "While the medium-term growth outlook for India is strong, an important challenge is to enhance inclusiveness," the report said.
Trade war: IMF chief warns against protectionism, says it threatens economic growth
Wed, Apr 11, 2018
President Donald Trump last month imposed steep tariffs on steel and aluminum imports, and announced pending tariffs on $50 billion in Chinese goods in retaliation for alleged theft of intellectual property. Since then Washington and Beijing have escalated threats of new import duties, raising the real risk of an all-out trade war. Governments "need to steer clear of protectionism in all its forms," Lagarde urged.
Need to rethink migration policies to boost labour supply: IMF
Mon, Apr 09, 2018
Labour market policies and institutions, together with structural changes and gains in educational attainment, account for the bulk of the dramatic increase in the labour force attachment of prime-age women and older workers in the past three decades.
Unemployment major challenge for India but reforms would create jobs: IMF
Fri, Mar 30, 2018
Noting that India has been one of the fastest growing large economies in recent times, International Monetary Fund spokesperson, Gerry Rice, said this has led to improvement in reducing poverty and improvements in living standards. "Our view is that recent reforms, particularly the implementation of GST, national goods and services tax, should help boost efficiency and productivity and overtime will contribute to help them create jobs in the formal sector," Rice said when asked if India is experiencing jobless growth.
Unemployment in India a major challenge, but reforms would create jobs: IMF
Thu, Mar 29, 2018
Acknowledging that unemployment is a major challenge that India is facing currently, the IMF today exuded confidence that the reforms being carried out in India in the last few years would end up creating new jobs in the country.
India should see growth picking up after two transitory shocks: IMF
Thu, Mar 15, 2018
Emerging economies present a more heterogenous picture, it said. "Growth is foreseen to fall gradually in China considering the anticipated withdrawal of fiscal stimulus and moderating credit impulse, while India should see growth picking up after two transitory shocks -- the currency exchange initiative and implementation issues related to the landmark tax reform, IMF Surveillance note said.
Markets end at fresh peak! Nifty settles above 11,000, Sensex at 36,139
Tue, Jan 23, 2018
Gains in global markets after US lawmakers passed a short-term measure to fund the federal government through Feb. 8, ending a three-day government shutdown, also boosted investor sentiment.
India should focus on women's inclusion in economy: IMF Chief
Tue, Jan 23, 2018
Lagarde also said that India should continue with reforms with special focus on financial services sector.
IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt
Tue, Jan 23, 2018
IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.
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.
Reforms pave the way for India's stronger medium-term growth: Report
Mon, Jan 08, 2018
NPA problem can be gauged by absolute level of impaired assets: CARE Ratings
Wed, Dec 27, 2017
The NPA ratios for countries has been categorized under four headings: very low NPAs which are less than 1%, low level 1-2%, medium 2-5% and high levels above 5%, the agency 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).