India has abstained from voting on the International Monetary Fund's (IMF) review of a USD1 billion Extended Fund Facility (EFF) and consideration of a fresh USD1.3 billion Resilience and Sustainability Facility (RSF) for Pakistan, according to a statement released today by the Ministry o
"The world has to realise that Pakistan will not improve, they'll not correct themselves...It's important to isolate Pakistan. The IMF (International Monetary Fund) is meeting today. We have demanded from the IMF that funds should not be given to a country which shelters, protects and produc
The IMF's Executive Board is expected to give its nod for the disbursement during its meeting today, part of a long-running USD 7 billion Extended Fund Facility (EFF) program.
Chief Economic Advisor (CEA) Dr V Anantha Nageswaran expressed confidence on resilience of the economy and said India's economy is in good shape despite challenging global environment.
The Government of India has terminated Krishnamurthy Subramanian's services as India's Executive Director at the International Monetary Fund with immediate effect, ending his tenure less than three years after appointment.
New Delhi [India], May 3: PAN, i.e. Permanent Account Number, is an identification number that provides lenders with a complete image of the credit pattern. This number is a 10-digit alphanumeric number issued by the Income Tax Department of India. It helps monitor the monetary transactions
Mumbai (Maharashtra) [India], April 25: While President Trump's 90-day tariff pause has come as a welcome respite for volatile equity markets, the fact that there continues to be policy uncertainty will mean that business investment is likely to be sluggish in the near-future. This increa
The minutes of the Monetary Policy Committee (MPC) meeting held on April 7-9 reflect a clear dovish tone, with growth now taking center stage in the RBI's policy approach.
The outlook for food inflation in India has turned decisively positive over the recent correction in vegetable prices, coupled with estimates of a record wheat and higher pulses production, the Minutes of the latest RBI monetary policy said.