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Stabilising inflation may require measures 'that are not popular', says US
Updated : 3 years, 5 months ago IST
The US central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
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RBI imposes monetary penalty on 5 cooperative banks for rules violation
Updated : 3 years, 5 months ago IST
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
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UN seeks funds for Pakistan after last year's devastating floods
Updated : 3 years, 5 months ago IST
United Nations Secretary-General Antonio Guterres on Monday sought "massive investments" for Pakistan to help it recover from damage caused by devastating floods that ravaged the country last year.
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IMF delegation to meet Pak Finance Minister to discuss outstanding issues
Updated : 3 years, 5 months ago IST
An International Monetary Fund (IMF) delegation will meet Pakistan Finance Minister Ishaq Dar on the sidelines of the upcoming Geneva conference on Climate Resilient Pakistan on January 9. The IMF delegation will discuss outstanding issues with Dar, an IMF spokesperson said on Sunday, Pakist
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Inflation "far too high" despite recent encouraging signs: US Fed Governor
Updated : 3 years, 5 months ago IST
US Federal Reserve Governor Lisa D. Cook has said inflation in the US remains "far too high" despite some encouraging signs lately, and the top central bank official termed it as a concern.
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Indian stocks to exhibit resilience in 2023; EV, defence, infra in focus:
Updated : 3 years, 5 months ago IST
The positive outlook for 2023 is despite concerns emanating from the global slowdown and a possible recession in the Western economies due to the unwinding of monetary policy by central banks.
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Inflation in most Asian economies to be in comfort zone by mid-2023: Morga
Updated : 3 years, 5 months ago IST
The multinational investment firm said the possible return of inflation to the "comfort zone" will lead to the pausing of monetary policy tightening by central banks.
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India will have to invest significant share of its GDP to improve rural ro
Updated : 3 years, 5 months ago IST
The IMF in a book -- South Asia's Path to Resilient Growth -- said gradually raising rural access to 90 per cent by 2030 would require about 2.4 million additional km of all-weather roads which is an increase of 39 per cent in road length.
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Policies need to create congenial climate for attracting new private inves
Updated : 3 years, 5 months ago IST
Speaking on raising productivity during a conference held by the International Monetary Fund, Reserve Bank of India Governor Shaktikanta Das on Friday said while sustained and broad-based economic recovery remains the current policy focus, it is necessary to undertake deep structural reforms
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Financial inclusion appears to be positively correlated with per capita in
Updated : 3 years, 5 months ago IST
The IMF's book -- South Asia's Path to Resilient Growth -- launched on Friday said financial inclusion is a multidimensional concept, with implications for growth and financial and economic stability. "Staff research has shown potentially significant growth benefits from financial inclusion,
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IMF delegation to travel to Pakistan in 2-3 days to finalise ninth review:
Updated : 3 years, 5 months ago IST
Sharif made the remarks while addressing Hazara Electric Supply Company's (HESC) inaugural ceremony in Islamabad.
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South Asian region contributes 15% to global growth, led by India and Bang
Updated : 3 years, 5 months ago IST
The Governor was speaking at a conference, organised by the International Monetary Fund (IMF), on Friday. He was talking along the lines of the South Asian region's macroeconomic challenges and policy priorities. The governor also said, "The priority for South Asian region, including Indi
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