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Expect RBI to again pause repo rate in February policy meeting: SBI Resear
Updated : 2 years, 4 months ago IST
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research.
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IMF predicts China to witness economic decline over next four years: Repor
Updated : 2 years, 4 months ago IST
In a report released on Friday, the IMF projected that China's economic growth will reduce to 4.6 per cent this year, down from its 5.2 per cent growth in 2023, and drop further to 3.4 per cent by 2028.
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Chinese stocks plunge further, facing worst week in years
Updated : 2 years, 4 months ago IST
The Shanghai Composite Index witnessed a significant 6.2 per cent drop, the most substantial weekly loss since October 2018, while the Shenzhen Component Index recorded an 8.1 per cent decline, marking its largest drop in three years.
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RBI imposes monetary penalty on Bajaj Housing Finance Limited for non-comp
Updated : 2 years, 4 months ago IST
The Reserve Bank of India has imposed a monetary penalty of Rs 5 lakh on Bajaj Housing Finance Limited, Pune for non-compliance with certain provisions.
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Pakistan International Airlines debt now rests on taxpayers shoulders
Updated : 2 years, 4 months ago IST
Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't want to include PIA's debt in the overall public debt, has changed its mind. Now, they agreed to use the budget to pay both the princ
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Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 4 months ago IST
The foreign exchange reserve continued its downward trend and recorded at USD 8.21 billion as of January 26 which is a USD 54 million drop compared to the previous week at USD 8.27 billion, said the State Bank of Pakistan (SBP) report.
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IMF says Asia on track to again deliver two-thirds to global growth in 202
Updated : 2 years, 4 months ago IST
Asia is on track to again deliver two-thirds of global growth in 2024, as it did in 2023, said Krishna Srinivasan, Director of the IMF's Asia and Pacific Department. At a press conference on the Regional Economic Outlook, the IMF official said the news on the inflation front has also been
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Pakistan's monthly inflation rate increases to 28.5 pc amid economic crisi
Updated : 2 years, 4 months ago IST
The Pakistan-based news daily reported that this report follows the central bank's recent announcement of its monetary policy, which tempered earlier optimism about a sharp decline in inflation in the second half of the fiscal year. Price stability is the central bank's primary objective und
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US Fed leaves policy rate unchanged for fourth straight time
Updated : 2 years, 4 months ago IST
The US Federal Reserve in its January meeting voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the fourth straight time on a trot.
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IMF lowers Pakistan's economic growth forecast to 2% for current fiscal ye
Updated : 2 years, 4 months ago IST
The International Monetary Fund (IMF) on Tuesday lowered Pakistan's economic growth forecast to two per cent for the current fiscal year, down 0.5 percentage points from its October estimate of 2.5 per cent, Dawn newspaper reported.
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IMF projects India as fastest growing economy in 2024, raises concerns ove
Updated : 2 years, 4 months ago IST
The International Monetary Fund (IMF) in its growth forecast for 2024, has predicted that India will emerge as the fastest-growing economy yet again with a robust growth of 6.5 per cent.
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RBI imposes Rs 75,000 penalty on Jila Sahakari Kendriya Bank Maryadit in M
Updated : 2 years, 4 months ago IST
The RBI in an official statement issued on Monday said that the action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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