Photo: Business Standard
NK Singh Predicts Growth Of Economic In India, Applauds IMF
NK Singh, the Chairman of the 15th Finance Commission of India, applauded the International Monetary Fund (IMF) and predicted its growth in the coming years. The statement of NK Singh came on the sidelines of the India-Japan Forum, attended by the Indian Finance Minister Nirmala Sitharaman. The Finance Commission Chairman predicted growth from 5.1% to 6.1%. Furthermore, at the Japan forum, Sitharaman said, India will be developed by 2047.
Tags: IMF, NK Singh, Indian Economy, Nirmala Sitharaman, developed country
Courtesy: ANI News
Photo: India Today
Nirmala Sitharaman Arrives In Washington For 2023 Spring Finance Meetings
Union Finance Minister Nirmala Sitharaman started her one-week US visit. The Union Minister visited Washington, United States of America (USA) to attend the 2023 Spring Meetings of the World Bank and International Monetary Fund (IMF.) Besides this, Sitharaman will also attend G20 meetings, bilateral meetings and other associate meetings. Furthermore, besides Nirmala Sitharaman, officials of the Reserve Bank of India (RBI) also flew to… read-more
Tags: Nirmala Sitharaman, Union Minister, Monetary Meetings, IMF, RBI Officials
Courtesy: ANI
Photo: First Post
Pakistan Govt Increases Tax On Luxurious Item Import Amid Economic Crisis
In order to attract the IMF deal, the Pakistan Government announced a hike in taxes on import of luxurious items. The increased taxes on import of items like cars, home appliances, chocolates and cosmetics to 25%. The decision was taken after a go-ahead from the Pakistan Parliament, to attract the IMF loan of 6 billion, which has been in talks, which has created a struggle for economic survival for Pakistan.
Tags: Pakistan Government, Tax Hike, Import, IMF, Economic crisis
Courtesy: NDTV
Photo: The Indian Express
Milk, Meat And Chicken Prices Goes Up In Pakistan Amid Crisis
At a time when Pakistan is suffering a major economic crisis, the prices of milk, meat and chicken along with other utilities increased, in effect from February 14. According to sources, milk is now at PKR 210/liter, whereas meat and chicken is available at PKR 1,110/kg and PKR 780/kg, respectively. The IMF postponed the disbursement of a vital USD 1.1 billion tranche of a deal, causing trouble to Pakistan.
Tags: Pakistan(40, ), Economic crisis, meat, Milk, IMF
Courtesy: Zee News India
Photo: India Times
Pakistan Minister Holds Meeting With IMF Over $7 Billion Loan
The Pakistani government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme. Pakistan Finance Minister Ishaq Dar confirmed the development with awaited staff-level-agreement after a meeting with the IMF delegation. It is to be noted, Pakistan is facing a major economic crisis, and is looking for a loan to overcome the crisis.
Tags: Pakistan(40), IMF, memorandum, Pakistan Minister, LOAN, tax
Courtesy: NDTV
Photo: The Economic Times
Indian Economy Expected To Slow Down To 6.1% In 2023; Says IMF
As per the International Monetary Fund (IMF), the Indian economy is expected to slow down in the next fiscal year with a projected growth of 6.1% from the previous 6.8%. On January 31, the IMF released its monthly update, which estimated global growth of 3.4% in 2022 to 2.9% in 2023, then rise to 3.1% in 2024. "we're expecting some slowdown to 6.1% in fiscal year 2023." said IMF Director.
Tags: Indian Economy, IMF, Indian government, business, Global Growth
Courtesy: The Free Press Journal
Photo: The Indian Express
IMF Hails DBT Schemes of India And Calls It As Logistical Marvel
The International Monetary Fund (IMF) hailed the Indian Government’s Direct Benefit Transfer scheme, and called it as a “logistical Marvel.” The statement from the IMF came as a big accolade for the Narendra Modi-led Central Government, which launched the Direct Benefit Transfer (DBT) scheme. The aseeks to help people who are at low-income levels reach hundreds of millions of people is a logistical marvel.… read-more
Tags: Indian government, DBT Schemes, IMF, business, Narendra Modi Govt
Courtesy: News On Air
Photo: Reuters
Sri Lanka Asks India For Bridging Finance
Discussions were recently held between the Indian Finance Minister, Nirmala Sitharaman, and the Sri Lankan Finance Minister, Ali Sabri. Neighbouring country Sri Lanka, which has been facing an economic crisis, has asked India for bridging finance until the International Monetary Fund (IMF) supplies sufficient funds. It can even take four months for the IMF to provide the funds. A person familiar with the matter says Sitharaman was inclined to… read-more
Tags: Sri Lanka, IMF, India, Economic crisis, Nirmala Sitharaman
Courtesy: ANI
Photo: Wall Street Journal
IMF Chief Economist Gita Gopinath To Hold No.2 Post
International Monetary Fund's chief economist Gita Gopinath has been named to hold the position of IMF's second-ranking officials on December 2. She will be replacing First Deputy Managing Director Geoffrey Okamoto, who'll leave the global lender in early 2022. Notably, Gopinath was scheduled to leave the lender and return to Harvard but decided to stay. "She is the right person at the right time," said Kristalina Georgieva, … read-more
Tags: IMF, imf chief gita gopinath, Managing Director, World news, International Monetary Fund
Courtesy: Reuters
Photo: Financial Times
IMF's 1st Female Chief Economist Gita Gopinath To Quit In 2022
Gita Gopinath who is known as the first female chief economist of the International Monetary Fund (IMF) has decided to leave the organisation in January 2022. Following the resignation, Gopinath will again join the Economics Department of Harvard University. Announcing the development, IMF's Managing Director Kristalina Georgieva thanked Gopinath for ''her tremendous impact on the global crisis lender's work''. Notably, Gopinath had joined… read-more
Tags: IMF, Chief Economist, Harvard University, Resignation
Courtesy: Live Mint
