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Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Nirmala Sitharaman to visit Mexico and US from October 17 to October 26

Tue, Oct 15, 2024

Finance Minister Nirmala Sitharaman is scheduled to leave on Tuesday night for an official visit to Mexico and the US, during which she will attend a host of meetings including annual gatherings of the IMF and the World Bank, and the G20 Finance Ministers' meetings with central bank governors. The finance minister will also engage i bilateral meetings with several countries and organisations during this official trip.

IMF pledges continued support for Sri Lanka's economic reforms

IMF pledges continued support for Sri Lanka's economic reforms

Sat, Oct 05, 2024

The International Monetary Fund (IMF) said that it will continue its close engagement with Sri Lanka's economic team to set a date for the third review of the IMF-supported program. An IMF team led by Krishna Srinivasan, director of the Asia Pacific Department, visited Sri Lanka from October 2 to October 4.

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Mon, Aug 12, 2024

International Monetary Fund (IMF) Executive Director Krishnamurthy V Subramanian said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'.

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Control over debt level major challenge for China, says IMF

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

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

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

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

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

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

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

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

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

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

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

Reforms pave the way for India's stronger medium-term growth: Report

Mon, Jan 08, 2018

Key highlights:

NPA problem can be gauged by absolute level of impaired assets: CARE Ratings

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

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

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

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

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).

Mumbai to host Asian Bankers Association summit for first time

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

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.

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