IMF

Recession will hit a third of the world this year, warns IMF chief

Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."

Jan 02, 2023, 14:46 PM IST

IMF projects 6.8 % growth in current fiscal for India, says country navigating 'very difficult' external environment

The real GDP is projected to grow at 6.8 per cent and 6.1 per cent in FY2022/23 and FY2023/24 respectively.

Dec 23, 2022, 20:11 PM IST

No prospect of recession in India, economy to grow 6-7 percent in next fiscal: Rajiv Kumar

Elaborating further, former Niti Aayog vice chairman said that like Punjab is a double landlocked state and Tamil Nadu is a coastal state and it has centuries of trading experience. "So, to have the same policies of both those states, for example, is not relevant.

Nov 20, 2022, 13:07 PM IST

'ED is completely independent': FM Nirmala Sitharaman denies misuse of agency as political weapon

Sitharaman also talked about how India plans to navigate G20 challenges due to geopolitical tensions.

Oct 16, 2022, 06:57 AM IST

Nirmala Sitharaman holds back-to-back bilaterals on sidelines of IMF-World Bank meetings

Sitharaman is on an official visit to the United States to attend the IMF and the World Bank annual meetings, the G20 Finance Ministers and the Central Bank Governor (FMCBG) Meetings.

Oct 13, 2022, 11:18 AM IST

IMF Deputy Director hails India's direct cash transfer scheme, calls it a ‘A logistical marvel’

Addressing a Fiscal Monitor Press Briefing, IMF`s Deputy Director of Fiscal Affairs Department Paolo Mauro said the global lender has several examples of how companies deploy cash transfers and "there is a lot to learn" from India.

Oct 13, 2022, 07:43 AM IST

Worldline, NPCI join hands: UPI, RuPay services soon to be available in Europe for Indian tourists

NPCI International Payments is the international arm of the National Payments Corporation of India (NPCI) -- which is the driver of digital payments here in India.

Oct 12, 2022, 14:41 PM IST

IMF cuts India's economic growth forecast to 6.8 pc in 2022, says 'global economy continues to face steep challenges'

Global growth is forecast to slow from 6.0 per cent in 2021 to 3.2 per cent in 2022 and 2.7 per cent in 2023. This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic.

Oct 11, 2022, 20:07 PM IST

'World could lose $4 trillion in economic output between now and 2026': IMF warns higher RECESSION risk and gloom GLOBAL outlook

Geopolitics is contributing to the rising inflation in India and worldwide with commodity prices shooting up. Morgan Stanley said in a recent research that a supply-constrained rise in oil prices is generally bad for India`s macro and markets, albeit the shift in current account funding dynamics is mitigating the impact.

Oct 08, 2022, 14:59 PM IST

‘USD 3.8 billion given already, can’t give more’: Govt sources say no plan to provide more funds to Sri Lanka

An Indian government source told a media agency that India has given $3.8 billion worth of assistance to Sri Lanka already, hence does not plan to further the financial support

Sep 15, 2022, 20:03 PM IST

United Kingdom become world's 6th biggest economy, slips behind India

Britain has dropped behind India to become the world's sixth largest economy, according to Bloomberg. India toppled the UK from its position in the final three months of 2021 to become the fifth-biggest economy

Sep 03, 2022, 09:03 AM IST

Crypto trade growing in Asia, need regulatory frameworks to protect investors: IMF

"Before the pandemic, crypto seemed insulated from the financial system. Bitcoin and other assets showed little correlation with Asian equity markets, which helped diffuse financial stability concerns," the blog authored by Nada Choueiri, Anne-Marie Gulde-Wolf, and Tara Iyer said.

Aug 23, 2022, 10:36 AM IST