IMF | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 09:08 PM IST

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IMF, however, warned that the rupee depreciation would jack up the prices of imported goods such as oil and petroleum products. (Photo: AP)

IMF says 'real' depreciation of Indian rupee only 6-7 per cent

The Indian currency has since the beginning of the year lost almost 13 per cent in value vis a vis the US dollar.

18 Sep 2018 4:20 PM

'Returning from Kathmandu, I was served some cashews on board a Sri Lankan flight, but it was so bad even a dog wouldn’t eat it,' Sirisena said. (Photo: File)

‘Even dog wouldn’t eat’, airline removes nuts after Sri Lanka Prez’s rage

'I want to know who authorised the purchase of these nuts,' the President told a meeting of farmers.

12 Sep 2018 3:53 PM

The UN Secretary General referred to the Kerala floods, among other natural disasters across the world, to highlight the urgency of the climate crisis and the need to step up efforts to reverse course on climate change. (Photo: File)

Citing Kerala floods, UN chief says climate change nearing point of no return

In his message, Guterres highlighted the huge economic costs of climate change and the opportunities presented by climate action.

11 Sep 2018 11:11 AM

Imran Khan has criticised a culture of dependency and his party's officials have expressed concerns that the reforms and austerity the IMF might demand would strangle promised government spending. (Photo: File)

Ban cheese imports? Pak discusses outside-the-box ideas to avoid IMF bailout

The EAC held its first session last week, chaired by Finance Minister Asad Umar, who took office last month.

10 Sep 2018 8:45 AM

The USD 50 billion corridor that connects Kashgar in western China with Gwadar port in Pakistan, spanning 3,000 kilometres, passes through Pakistan-occupied Kashmir. (Photo: ANI)

Pakistan at risk of debt distress due to CPEC: US senators

There are concerns that given Pakistan's growing Chinese debt, the same could happen at Gwadar Port in Pakistan.

04 Sep 2018 12:58 PM

Silk Road project envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to many countries. (Photo: AFP)

In China's 'Silk Road' project, nations fear walking into ‘debt trap’

Concerns are being raised that China is setting up debt traps in countries which may lack the means to pay back.

02 Sep 2018 5:35 PM

Series of reforms transformed economy: Arun Jaitley

Macroeconomic outlook broadly favorable and growth forecast rising to 7.3 per cent in FY 2018-19.

27 Aug 2018 9:28 AM

Goyal was speaking in the Lok Sabha after moving four bills seeking to amend the Goods and Services Tax (GST) laws for consideration and passage. (Photo: File)

GST on more items to be slashed as revenue increases: Piyush Goyal

GST Council has reduced rates on many items and services in last round. We want consumer to be burdened less by indirect tax, says minister.

09 Aug 2018 7:34 PM

Goods and Services Tax (GST) rollout, growth slowed to 6.7 per cent in fiscal year 2017-18.

IMF forecasts India's GDP to grow at 7.5 per cent in 2019-20

Current account deficit is projected to widen further to 2.6 pc of GDP on rising oil prices and strong demand for imports.

09 Aug 2018 9:29 AM

The report comes within days of the RBI raising benchmark short term lending rate by 25 basis points to 6.5 per cent citing inflationary concerns.

IMF suggests RBI to tighten policy further

IMF underlined that high foreign reserve buffers and strong FDI inflows have helped contain external vulnerabilities.

09 Aug 2018 6:28 AM

The GST is an indirect tax levied on the supply of goods and services in India. It came into effect on July 1, 2017. (Representational Image)

GST ‘milestone reform’ but India should consider simpler rate structure: IMF

In its annual country report, IMF said that a dual rate structure can be progressive and preserve revenue neutrality.

08 Aug 2018 1:37 PM

India now contributes, in purchasing power parity measures, 15 per cent of the growth in the global economy.

Strong Indian economy continues to lead global growth: IMF

IMF Executive Board has forecast India's growth to rise to 7.3 per cent in FY2018-19 and 7.5 per cent in FY2019-20.

08 Aug 2018 9:28 AM

A dual rate structure with a low standard rate and an additional higher rate on select items can be progressive and preserve revenue neutrality. (Photo: AFP)

IMF asks India to consider simpler GST rate structure

GST as presently designed has an effective tax rate rising with household consumption.

08 Aug 2018 9:21 AM

The general tightening in global financial conditions is playing a role in affecting India's growth. (Photo: AFP)

India's growth remains quite robust into future: IMF

IMF on Monday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India.

18 Jul 2018 11:02 AM

PSBs recapitalisation contingent on measures to strengthen governance and operations and encourage the accelerating implementation of the ongoing reforms. (Photo: AFP)

Important for India to address banking crisis to support investment: IMF

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

08 Jun 2018 9:59 AM

RBI increase the repo rate by 25 basis point to 6.25 per cent.

IMF welcomes RBI decision to hike interest rates

In January 2014 RBI had increased the repo rate to eight per cent to keep the inflation under check.

08 Jun 2018 9:41 AM

IMF Managing Director Christine Lagarde. (Photo: AP)

IMF urges countries to work together to reduce trade barriers

For the first time in a long time, trade is growing faster than global GDP, and spreading recovery around the world.

01 Jun 2018 8:31 AM

India pitches for BRICS credit rating agency

India has pressed the BRICS nations to set up an independent rating agency of the five-member group.

20 Apr 2018 4:57 PM

India is planning to continue with the consolidation in the current fiscal year and over the medium term. (Photo: AFP)

India using 'right policies' to lower high debt level: IMF

India's general government debt remained relatively high, at 70 per cent of the GDP in 2017.

19 Apr 2018 9:01 AM

Govt should take necessary steps to ensure privacy and security controls when implementing large identification programmes.

India should ensure privacy in biometric identification programmes: IMF

IMF said, biometric identification and electronic payments have helped reduce leakages in LPG subsidies.

13 Apr 2018 2:40 PM

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Aakar Patel