Search For "monetary"
IMF lowers Pakistan's economic growth forecast to 2% for current fiscal ye
Updated : 2 years, 1 month 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, 1 month 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, 1 month 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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India's foreign exchange reserves decline by USD 2.8 billion
Updated : 2 years, 1 month ago IST
Forex reserves or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
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All eyes fixed on fastest-growing India as it pips Hong Kong to become 4th
Updated : 2 years, 1 month ago IST
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
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Pakistan faced worst economic crises in 2023: Human Rights Watch
Updated : 2 years, 1 month ago IST
Human Rights Watch observed that the insistence of the International Monetary Fund (IMF) on austerity and the removal of subsidies without adequate compensatory measures resulted in additional hardship for low-income groups in Pakistan.
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Pakistan receives tranche of USD 700 mn from IMF amid economic crisis
Updated : 2 years, 2 months ago IST
The loan was approved after the IMF Executive Board completed its first review last week, bringing the total disbursements under the USD 3 billion Standby Arrangement (SBA) to about USD 1.9 billion.
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IMF's Gita Gopinath calls for good quality data for climate financing
Updated : 2 years, 2 months ago IST
First Deputy Managing Director at the International Monetary Fund (IMF), Gita Gopinath, called for a need for a solid information architecture for the banking sector when it comes to funding climate infrastructure projects.
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China "few more months" away from US in race for AI supremacy: US senator
Updated : 2 years, 2 months ago IST
The Biden administration's recent decision to tighten controls on the export of advanced AI chips to China is seen as a strategic move to maintain a competitive edge for "a few more months."
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Nearly 40 pc of global employment could be disrupted by Artificial Intelli
Updated : 2 years, 2 months ago IST
IMF chief Kristalina Georgieva raised concerns over the potential deepening of inequality and urged governments to take proactive measures in a Sunday blog post.
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India's wholesale inflation remains in positive territory; 0.73% in Decemb
Updated : 2 years, 2 months ago IST
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October.
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RBI Deputy Governor Michael Patra's tenure extended by another year
Updated : 2 years, 2 months ago IST
The Appointments Committee of the Cabinet has approved the re-appointment of Deputy Governor (DG) of Reserve Bank of India (RBI), Michael Debabrata Patra, for a further period of one year effective January 15, or until further orders, whichever is earlier.
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