Search For "monetary"
Imran Khan carried out 'suicide bombings' throughout Pakistan: Former Pak
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 7 (ANI): Pakistan Muslim League-Nawaz (PML-N) leader and former prime minister Shahid Khaqan Abbasi on Monday held Pakistan Tehreek-e-Insaf chief Imran Khan accountable for breaching the International Monetary Fund (IMF) deal as he called his faulty decisions 'suic
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RBI imposes monetary penalty on Madhya Pradesh-based cooperative bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBl) on Monday said it has imposed a monetary penalty of Rs 50,000 on Jila Sahakari Kendriya Bank Maryadit, Morena, Madhya Pradesh, for non-compliance of Know Your Customer (KYC) related norms.
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RBI imposes monetary penalty on Bassein Catholic Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 49 lakh on Bassein Catholic Co-operative Bank Ltd, Vasai for non-compliance with its directions.
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RBI likely to hike policy repo rate by 0.40 per cent next week
Updated : 3 years, 9 months ago IST
New Delhi [India], June 4 (ANI): Amid inflationary pressure in the economy, the Reserve Bank of India is likely to raise the policy repo rate by 40 basis points next week and hike it further by 0.35 per cent in August taking it to the pre-pandemic level of 5.15 per cent, according to economi
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Credit rating agency Moody's downgrades Pakistan outlook to 'negative'
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 4 (ANI): The New York-based credit rating agency Moody's Investor Service downgraded Pakistan's outlook to negative from stable amid a delay in a deal with the International Monetary Fund (IMF) for an economic bailout.
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Sri Lanka targets USD 5 billion this year for repayments, says PM
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], June 3 (ANI): Sri Lanka's newly appointed Prime Minister Ranil Wickremesinghe, during a meeting with representatives from the Joint Chambers on Thursday, explained that the Government was targeting USD 5 billion for repayments and USD 1 billion to bolster the country's r
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Pakistan's IMF program depends on govt ability to make fiscal adjustments
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 2 (ANI): The restoration of Pakistan's delayed International Monetary Fund (IMF) programme depends on the government's capacity to make a fiscal adjustment of about 2.5 per cent of the GDP.
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World Bank to disburse USD 700 million to Sri Lanka
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], May 31 (ANI): The World Bank is set to disburse about USD 700 million to Sri Lanka within the next few months.
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Govt to soon come out with consultation paper on cryptocurrencies: Secy De
Updated : 3 years, 9 months ago IST
New Delhi [India], May 30 (ANI): There is a lot of discussion going on with different stakeholders including the World Bank and the International Monetary Fund and the government would soon come out with a consultation paper on cryptocurrencies, Ajay Seth, Secretary, Department of Economic A
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Pakistan in dire need of USD 36 billion to avert economic collapse
Updated : 3 years, 9 months ago IST
Karachi [Pakistan}, May 29 (ANI): Amid the depleting foreign currency reserves and crashing economy, Pakistan is in dire need of USD 36-37 billion in foreign financing in the next fiscal year.
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RBI to adopt graded approach to introduce digital currency
Updated : 3 years, 9 months ago IST
New Delhi [India], May 28 (ANI): The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of cu
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Shehbaz blames Imran for Pakistan's economic woes in his first public addr
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], May 28 (ANI): Refuting the allegations of foreign conspiracy made by PTI chief Imran Khan, Pakistan Prime Minister Shehbaz Sharif on Friday blamed the PTI chief for major problems afflicting the nation including mounting loans, inflation and economic woes of the country
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