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JPC on ONOE holds crucial discussion with renowned economists Sanjeev Sany
Updated : 3 months ago IST
The meeting, as part of the panel's ongoing review of the major electoral reform proposal, was joined by two distinguished economists: Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council (EAC-PM), and Gita Gopinath, the First Deputy Managing Director of the Internat
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Strong Q2 performance may prompt IMF to upgrade India's growth outlook: Gi
Updated : 3 months ago IST
Former IMF Chief Economist Gita Gopinath, now a Professor at Harvard University, is of the view that International Monetary Fund (IMF) will certainly raise India's growth forecast for 2025-26, on the back of robust economic growth it recorded in the first two quarters of the current fiscal.
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IMF clears USD 1.2 billion disbursements for Pakistan, citing strong progr
Updated : 3 months, 2 weeks ago IST
The International Monetary Fund (IMF) has approved an immediate disbursement of USD1 billion to Pakistan under the Extended Fund Facility (EFF) and around USD 200 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements to nearly USD 1.2 billion.
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UPI recognised as World's largest real-time payment system by IMF; Account
Updated : 3 months, 2 weeks ago IST
According to the Ministry of Finance, further, as per the ACI Worldwide report on 'Prime Time for Real-Time' 2024, UPI has around 49 per cent share in the global real-time payment system transaction volume.
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India's forex reserves slip USD 1.88 bn to USD 686.227 bn with FCA down, g
Updated : 3 months, 2 weeks ago IST
India's foreign exchange reserves declined by USD 1.877 billion in the week that ended November 28 to USD 686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).
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RBI to study SEBI proposal on banks' foray into non-Agri derivatives: Gove
Updated : 3 months, 2 weeks ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.
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Pakistan's revenue crisis deepens as corrupt tax system crumbles under
Updated : 3 months, 2 weeks ago IST
Pakistan's struggle to meet its revenue targets for the ongoing fiscal year has once again highlighted the deep-rooted structural inefficiencies within the Federal Board of Revenue (FBR). Preliminary figures from the first quarter of FY 2025-26 reveal a shortfall of nearly Rs200 billion, sig
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Sitharaman takes dig at Congress; says IMF report does not question India'
Updated : 3 months, 2 weeks ago IST
Finance Minister Nirmala Sitharaman on Wednesday hit back at the Congress leaders who took a jibe at the government over the IMF's annual review of India's national accounts statistics giving the data Grade 'C' and asserted that the IMF report does not question the growth figures. She sai
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IMF exposes Pakistan's deep governance failures
Updated : 3 months, 2 weeks ago IST
The International Monetary Fund (IMF) has delivered a damning indictment of Pakistan's governance system, highlighting how elite manipulation, weak institutions, and political patronage continue to undermine the country's economic stability. The IMF's Governance and Corruption Diagnostic Ass
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Jairam Ramesh hits out at Centre after NSO predicts 8.2 % growth rate in 2
Updated : 3 months, 3 weeks ago IST
Earlier today, as per the NSO data, India's real GDP was estimated to have grown by 8.2 per cent in the July-September quarter of the current financial year 2025-26, compared with 5.6 per cent in the same quarter of the previous fiscal.
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Pakistan's current growth model cannot sustain 250 million population, say
Updated : 3 months, 3 weeks ago IST
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, warned that the country's existing economic growth model is no longer viable for a nation of 250 million people, stressing that stabilisation policies cannot continue indefinitely and must give way to long-term, sustainable refo
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IMF rebukes Pakistan for fiscal mismanagement and lack of transparency
Updated : 3 months, 3 weeks ago IST
The International Monetary Fund (IMF) has issued a stern critique of Pakistan's fiscal governance, highlighting chronic weaknesses in financial management, accountability, and transparency. Despite operating under its 24th IMF programme alongside the Ministry of Finance (MoF), the Fund expre
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