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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.
Here's excerpt of full text of FM Arun Jaitley's Union Budget 2017 speech
Wed, Feb 01, 2017
Finance Minister Arun Jaitley presented India's Union Budget 2017-18 in the Lok Sabha in New Delhi on Wednesday.
Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh
Mon, Jan 30, 2017
Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.
India's GDP growth to drop, but rebound likely in second half of 2017: Nomura
Wed, Jan 18, 2017
India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.
India, others should continue medium-term plans to reduce public debt, deficit: IMF
Tue, Jan 17, 2017
Countries with higher public debt levels like India should continue to implement their medium-term plans to reduce debt and deficits, an IMF official has said.
IMF cuts India's GDP forecast for FY17 to 6.6%
Mon, Jan 16, 2017
The International Monetary Fund (IMF) cut India's growth forecast for the current financial year (FY17) by 1% and cut it by 0.4% for the next fiscal year. The reason for this is primarily due to the demonetisation move taken by the government in November 2016.
China posts worst export fall since 2009 as fears of US trade war loom
Fri, Jan 13, 2017
China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.
Eurozone clears way to resume debt relief for Greece
Sun, Dec 25, 2016
Eurogroup head Jeroen Dijsselbloem on Saturday said Greece had cleared up doubts and could expect a positive decision on debt relief, defusing a row over surprise handouts announced by Athens.
Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France
Tue, Dec 20, 2016
International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France`s finance minister in 2008.
China urges calm on yuan after US rate hike
Fri, Dec 16, 2016
The mouthpiece of China’s Communist Party said on Friday there was “no need to worry too much” about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.
French prosecutor calls for IMF's Christine Lagarde to be acquitted
Fri, Dec 16, 2016
The chief prosecutor in the negligence trial of IMF chief Christine Lagarde in Paris called for her acquittal on Thursday saying the hearing had failed to support the "very weak" accusation against her.
IMF chief Christine Lagarde on trial in France over tycoon case
Sat, Dec 10, 2016
International Monetary Fund (IMF) chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.
Eurozone agrees debt relief for Greece amid IMF row
Tue, Dec 06, 2016
Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece`s colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the International Monetary Fund (IMF).
IMF releases another $618 million loan installment for Iraq
Tue, Dec 06, 2016
The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.
IMF supports India currency steps to fight corruption
Fri, Nov 11, 2016
The International Monetary Fund (IMF) said on Thursday it supports India`s efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimise disruptions in the economy.
10 key things S&P said about Indian economy
Wed, Nov 02, 2016
S&P Global Ratings on Wednesday has retained India's ratings at 'BBB-' with a stable outlook and ruled out any upgrade in two years citing weak pubic finances.
Finance leaders issue fresh warnings amid Deutsche worries, fall in pound
Fri, Oct 07, 2016
Deutsche Bank has been struggling to overhaul its business model that is built around trading activities that have become much less lucrative under new regulation enacted sin ce the 2008-2009 financial crisis.
IMF chief gives Deutsche Bank tough advice on reform, need for fine deal
Fri, Oct 07, 2016
IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.
IMF says global debt tops $152 trillion, urges some to spend more
Thu, Oct 06, 2016
While the United States has de-leveraged since the 2008-2009 financial crisis, the report cited the buildup of private debt in China and Brazil as a significant concern, fueled in part by a long era of low interest rates.
IMF maintains 3.1% global growth forecast in 2016
Tue, Oct 04, 2016
The IMF revised down its 2016 growth prospects for advanced economies following a slowdown in the United States and Britain`s vote to leave the European Union