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 ...
PE Funds Advent, Kedaara in discussions to acquire Sequent
The founder promoters of Sequent, including serial entrepreneur Arun Kumar, KR Ravishankar and family, together hold about 56.5% in the listed entity, while PE investor Ascent Capital holds 5% stake. JP Morgan is running the sale process.
View: India can become a rule-maker in the global oil trade instead of the rule-taker it is today
India needs to push for a bigger role for its exchanges and currency in the oil trade.
Future Retail raises $500 million from international bond market
Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd.
Can waste management principles help you to manage money better?
The convergence of finance with waste management may seem preposterous and improbable, but lately the concept of ‘Prudent Money Management’ is generating palpable interest among industry savants- conventional and modern alike.
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.
View: India be overestimating inflation and making skewed policy at the cost of higher growth
A glance at the current CPI basket shows that it accounts for several outdated items such as VCR/VCD/DVD player.
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.
Govt taps cos for suggestions to draw data storage funding
In a meeting with around 20 companies and industry associations, the Department for Promotion of Industry and Internal Trade (DPIIT) also asked Amazon, Microsoft and Wipro to compile challenges and possible solutions for data storage, and come back to the department in two weeks.
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.
IITs now turn more to alumni for funding
With insufficient govt funding, institutes are setting up alumni development offices, forming alumni boards to reach out. From setting up alumni development offices in India and abroad and forming teams and alumni boards with outside professionals to advising on fundraising to launching pro-active alumni outreach activities, IITs are going all out to attract their wellplaced former students to give back to their alma mater.
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