IMF lowers India's growth forecast over demonetisation, GST
It also lowered the country's growth for 2018 to 7.4 per cent, 0.3 percentage points less than its previous two projections in July and April.
Oct 10, 2017, 18:45 PM IST
Arun Jaitley headed for US for IMF-World Bank meets
In Boston, Jaitley will take part in a roundtable investment meet on 'Indian Economy - The Road Ahead'. Later, he will deliver a lecture on India's tax reforms at the Harvard University.
Oct 08, 2017, 16:27 PM IST
Forex reserves drop by $262.3 million to $402.246 billion
Gold reserves remained unchanged at USD 20.691 billion. The special drawing rights with the International Monetary Fund (IMF) declined by USD 1.2 million to USD 1.512 billion.
Sep 29, 2017, 19:47 PM IST
India growing pretty 'robustly': World Bank chief
In June, the World Bank predicted a 7.2 percent growth rate for India this year against 6.8 per cent growth in 2016. India remains the fastest growing major economy in the world, the World Bank officials had said.
Sep 21, 2017, 12:21 PM IST
India growing pretty robustly: World Bank chief
He said in terms of indebtedness, the bank was watching very carefully the debt-to-GDP ratios of every single country.
Sep 21, 2017, 12:21 PM IST
Forex reserves touch record high of $400.726 billion
The foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 2.568 billion to USD 376.209 billion for the reporting week, according to data by the Reserve Bank of India (RBI).
Sep 15, 2017, 17:57 PM IST
Forex reserves surge to record $392.86 billion
Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.
Aug 04, 2017, 19:19 PM IST
Chinese Yuan exchange rate in line with fundamentals: IMF
The IMF expected that China`s current account surplus will continue to be narrowed if the country continues to implement reforms.
Jul 29, 2017, 16:21 PM IST
IMF could be based in Beijing in a decade, says chief
The International Monetary Fund (IMF) could be based in Beijing in ten years if the Chinese economy continues its growth momentum, IMF Managing Director Christine Lagarde has said.
Jul 25, 2017, 13:53 PM IST
IMF keeps India's growth forecast at 7.2% for 2017-18
According to IMF's World Economic Outlook Update, India's growth is projected to accelerate to 7.7 percent in 2018-19, from 7.2 percent forecast for 2017-18.
Jul 24, 2017, 15:26 PM IST
IMF keeps global growth forecasts; China, eurozone revised higher
In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.
Jul 24, 2017, 11:09 AM IST
Money flow into financial savings increased post note ban: Viral Acharya
However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.
Jul 22, 2017, 17:19 PM IST
Remove barriers, reduce subsidies to open up trade: IMF chief
Complementing the G20 leaders for adopting an action plan to strengthen the global financial safety net during the two- day Summit that ended last night, Lagarde said the world needs to continue to collaborate to address risks and ensure strong, sustained, balanced and inclusive growth.
Jul 09, 2017, 14:10 PM IST
IMF raises China 2017 growth forecast again, partly due to 'policy support'
The International Monetary Fund on Wednesday raised its forecast for China`s 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment".
Jun 14, 2017, 16:20 PM IST
Forex reserves at life-time high of $379.310 billion
The country's forex reserves rose by a whopping USD 4.036 billion to life-time high of USD 379.310 billion in the week ended May 19, helped by a surge in the foreign currency assets, the Reserve Bank said.
May 26, 2017, 19:31 PM IST
China's reforms not enough to arrest mounting debt: Moody's
China`s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody`s said.
May 26, 2017, 12:03 PM IST
Moody's downgrading based on inappropriate methodology: China
China's Finance Ministry today dismissed a credit downgrade by Moody's, saying it is based on "inappropriate methodology" and argued that the rating firm has overestimated the difficulties faced by the world's second largest economy.
May 24, 2017, 20:57 PM IST
Moody's downgrades China for the first time in 30 years, warns of fading financial strength as debt mounts
Moody`s Investors Service downgraded China`s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.
May 24, 2017, 09:17 AM IST
IMF demands more from eurozone on Greek debt relief
After more than eight hours of talks in Brussels overnight, eurozone finance ministers and the IMF failed to settle their deep differences on the thorny debt question.
May 23, 2017, 15:48 PM IST
'IMF could be on board for Greek bailout'
Slovak Finance Minister Peter Kazimir suggested on Wednesday that the International Monetary Fund was on board for financing Greece's third bailout.
May 10, 2017, 20:57 PM IST
