Search For "monetary"
Banking sector crisis in US tightened credit conditions: Fed Chair
Updated : 2 years, 10 months ago IST
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
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US Fed's interest rate hike continues in fight against inflation, raises b
Updated : 2 years, 10 months ago IST
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
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IMF's staff-level agreement with Pakistan looks dicey: Report
Updated : 2 years, 10 months ago IST
Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
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Afghanistan receives Euro 1.5 million monetary aid from Ireland
Updated : 2 years, 10 months ago IST
Afghanistan received fresh monetary aid for the Afghanistan Humanitarian Fund (AHF) of Euro 1.5 million for 2023, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) announced, Khaama Press reported.
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Indian stock indices carry positive momentum from past week
Updated : 2 years, 10 months ago IST
Indian stock indices extended their positive momentum from the past week and opened in the green on Tuesday, largely due to firm GST collections and continued foreign fund inflows in April.
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Asia-Pacific to grow 4.6 pc in 2023; India, China to contribute half of gl
Updated : 2 years, 10 months ago IST
The IMF report said that India and China, the two largest emerging market economies of the Asia-Pacific are expected to contribute around half of global growth this year, with the rest of Asia and Pacific contributing an additional fifth.
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IMF pins hope on India for global economic revival: Report
Updated : 2 years, 10 months ago IST
A few days back, IMF released its much-awaited World Economic Outlook report 'A Rocky Recovery' which had predicted that India would grow 5.9 per cent this year.
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Air India sends strongly worded email to pilots on licence renewal
Updated : 2 years, 10 months ago IST
Air India has sent out a strongly worded email, including a directive of disciplinary and monetary action against its pilots, in case of delay in licence renewal or Airport Entry Pass (AEP).
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Pakistan turning into failed state due to its institutional crisis
Updated : 2 years, 10 months ago IST
The Pak army and military establishment have failed to maintain neutrality among the political parties and always try to become a king-maker by lodging and un-lodging political leaders from the seat of power. The military establishment often hatches conspiracy against the governments which l
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UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 2 years, 10 months ago IST
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the UAE delegation, which will include Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); Younis Haji Al Khoori, Undersecretary of Ministry of Finance; and Ibrahim Obaid Al Zaabi, CBUAE's A
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India's economic resilience: IMF predicts Indian economy will grow by near
Updated : 2 years, 10 months ago IST
In its flagship World Economic Outlook report, the International Monetary Fund (IMF) projected that India would be the fastest-growing economy in the world, despite confronting considerable challenges such as financial sector turmoil, inflationary pressures, effects of the Russia-Ukraine
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UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 2 years, 10 months ago IST
Al Hussaini emphasised the significance of these meetings in offering a robust platform for exchanging views and discussing the most prominent financial and economic topics and developments in the Arab region.
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