INTERNATIONAL MONETARY FUND
Forex reserve rises $58 million to record high of $461.21 billion
In the previous week, the reserves had increased by $3.689 billion to $461.15 billion.
Inflation a monetary phenomenon: MD Patra
“Inflation expectations play a central role in setting and conducting monetary policy in modern tim...
US removes currency manipulator label on China
Just two days before President Donald Trump is set to sign a "phase one" trade agreement with ...
Majority of Americans favor wealth tax on very rich
Among the 4,441 respondents to the poll, 64% strongly or somewhat agreed that "the very rich should contribute an extra share of their total wealth each year to support public programs" - the essence of a wealth tax. Results were similar across gender, race and household income.
Forex reserve hits new record of $461.16 billion
In the previous week, the reserves had risen by $2.52 billion to $454.948 billion.
Pakistan set to miss 4% GDP growth: Central Bank
The large-scale manufacturing sector in the country witnessed a decline of 5.9 per cent in Q1-FY20 on YoY basis. This contraction was broad-based, as construction-allied industries, petroleum and automobile industries continued on downward path.
Economic revival unlikely soon: International Monetary Fund
Fund’s chief economist Gita Gopinath stresses need for ‘important reforms’ in land acquisition and labour laws
View: Economic growth is the best antidote to the present trust deficit between govt and citizens
November brought more bad news, GDP growth slipping to 4.5% between June and September 2019.
Forex reserve hits record high of $457.46 billion
In the previous week, the reserves rose to $454.948 billion after increasing by $456 million.
Consumer goods’ festive sales hit a four-year high
Companies say sales aided by pent-up demand, buoyant stocks and 0% interest schemes.
PM, Industry brainstorm on ways to revive growth
Prime Minister Narendra Modi has met with industry representatives and sought inputs on how to reverse the slowdown in the economy, boost exports and on ways to develop the 5G ecosystem. During 3-hour meeting, PM asked them to share details of obstacles they face and suggest ways to overcome them.
India must take steps quickly to reverse slowdown: IMF
India's government must take steps quickly to reverse the economic slowdown of an economy that has been one of the engines of global growth,...
IMF says India in midst of significant economic slowdown, calls for urgent policy actions
Declining consumption and investment, and falling tax revenue, have combined with other factors to put the brakes on one of the fastest growing economies in the world, the IMF said in its annual review. After lifting millions out of poverty "India is now in the midst of a significant economic slowdown," Ranil Salgado told reporters.
Forex reserve scales fresh record high at $454.49 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves. During the reporting week, gold reserves decreased by $110 million to $26.968 billion, the RBI data said.
Indicators signalling no quick revival in economy: Gita Gopinath
Earlier this week, Gopinath had said that IMF will revise estimates for India’s economic growth in January, which will be a significant downward cut over the previous estimate. IMF currently projects the country to grow at 6.1 per cent in 2019 and 7 per cent in 2020.
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