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Mumbai to host Asian Bankers Association summit for first time
Sun, Nov 12, 2017
The two-day conference will be held in the megapolis from November 16 and will be hosted by State Bank, with the theme of 'Asia's turn to transform', SBI said.
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 should prioritise public banking sector reforms: IMF
Fri, Oct 13, 2017
The country's growth is expected to accelerate in the medium-term as temporary disruptions due to demonetisation and the Goods and Services Tax (GST) fade, the International Monetary Fund said in its Asia and Pacific Regional Economic Outlook Update.
Demonetisation, GST uncertainties affected India's economic momentum: World Bank
Wed, Oct 11, 2017
A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia. As a result, South Asia has fallen to second place after East Asia and the Pacific.
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.
India loses fastest growing economy rank; IMF slashes 2017 growth rate by 0.5 % to 6.7%
Tue, Oct 10, 2017
But according to the report, it is only a temporary setback for India, and it projected India to regain the top spot next year with a 7.4% growth rate for the gross domestic product (GDP) even though that estimate was also down from the 7.7% made in July.
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.
Indian economy to grow at 7.4% this year, FICCI Survey finds
Mon, May 15, 2017
KEY HIGHLIGHTS: 1. Indian economy to grow between 7% to 7.6% this year. 2. Agricultural sector is estimated to growth at 3.5% in 2017-18 3. Majority of economists surveyed supported Universal Basic Income
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.
Governor Haruhiko Kuroda says Bank of Japan facing ''challenging'' situation amid low inflation
Sat, May 06, 2017
The Bank of Japan's Governor Haruhiko Kuroda in a recently held seminar has said that the central bank is facing big challenges as inflation holds well below its 2% target, whereby underscoring the importance for the bank to maintain its massive stimulus programme.
GST to help push India's growth above 8%: IMF
Sat, Apr 29, 2017
The IMF estimates of growth rate of various countries could suggest that India will overtake Germany in 2022 as the world's fourth-largest economy and may push Britain out of the top five largest economies.
Disappointed on postponement of quota reforms by IMF: Arun Jaitley
Sun, Apr 23, 2017
Given that there is a broad agreement on maintaining the current overall lending capacity of the Fund and that the IMF's existing resource pool is excessively tilted towards borrowed resources, there is a "dire need" for increasing quotas
Trump's tax reform plan to produce some short-term budget issues: US Treasury Secretary
Sun, Apr 23, 2017
"We're looking for reforms that will pay for themselves with growth," Mnuchin said. "Under dynamic scoring, this will pay for itself, under static scoring, there'll be short term issues."
Emerging economies account for over 75% of global growth: Arun Jaitley
Sat, Apr 22, 2017
The discussion sessions focused on the Compact with Africa, Financial Sector Development and Regulations, International Financial Architecture and Global Financial Governance.
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.