INTERNATIONAL MONETARY FUND
Forex kitty continues to swell, touches a new high of $448 bn
The increase was mainly on account of a rise in foreign currency assets, a major component of the overall reserves and jumped by USD 2.174 billion to USD 415.828 billion in the reporting week, as per the data released on Friday.
Forex reserve hits fresh high of $448 billion
In the previous week, the reserves surged by USD 3.515 billion to reach USD 446.098 billion.
Odisha to work with IMF on multi-year budgeting system
A team of the IMF met with top officials of Naveen Patnaik’s government recently to re...
View: All NBFCs shouldn't be painted with the same brush
Many unbanked borrowers avail credit from NBFCs & later use their track record to become bankable.
What Joe Biden actually did in Ukraine
Writing in his 2017 memoir, Biden said Ukraine gave him a chance to fulfill a childhood promise to make a difference in the world. It also came to serve a political purpose, as “a legacy project, something he could run on,” said Keith Darden.
Forex reserve soars by $3.5 billion to new lifetime high of $446.09 billion
FCA increased by $3.201 billion to $413.654 billion in the week ended November 1, the RBI said.
India on course for lowest fuel demand growth in 6 years
In the fiscal year to March 2019, fuel demand rose by 3.4%, the lowest in five years.
Finance Ministry says fundamental of Indian economy robust, reforms to stimulate investments
In a statement soon after Moody's lowered the outlook to negative from stable, the Finance Ministry said India continues to be among the fastest-growing major economies in the world. "India's relative standing remains unaffected," it said citing IMF's recent World Economic Outlook putting Indian economic growth at 6.1% in 2019.
What to expect next from FM? Market honchos say land & labour reforms
Next on the cards should be labour reforms, Mukherjea told ETMakrets.com.
Market Movers: What changed for D-Street while you were sleeping
A number of companies scheduled to announce their quarterly numbers will also see stock-specific actions.
View: India needs RCEP to push much-needed domestic reforms
India must recognise that the Chinese economy is being rebalanced from exports to domestic.
Pakistanis feel inflation, not Kashmir, is biggest problem facing them: Survey
The study, which was published by Gallup and Gilani Pakistan on Tuesday, said 53 per cent of respondents believe the country's economy, specifically increasing inflation, is the biggest problem facing the country. Worries of inflation is followed by unemployment (23%), corruption (4%) and water crisis (4%), the survey said.
View: Global outlook could be worse than 'low for long'
In the event of a new recession, governments have limited monetary and fiscal firepower to stoke demand.
China doubts long-term trade deal possible with Trump
Chinese officials have warned they won’t budge on the thorniest issues.
Phase one of trade deal with China to be signed ahead of schedule: Donald Trump
Trump said that (first phase of the deal) would take care of the farmers and banking needs. Both Trump and Xi Jinping are scheduled to attend the APEC summit in Chilean capital Santiago from November 11 to 17.
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