Search result for IMF

LIQUOR TO GET CHEAPER IN UTTAR PRADESH
HIGHLIGHTS
- The most-populated North Indian State can have cheaper rates for liquors soon.
- New rules allow an individual to store 1.5 liters of each country-made liquor and IMFL, along with four bottles of beer.
Very soon, the prices ...

US RESCUE PACKAGE WOULD INCREASE GROWTH IN US ECONOMY BY 2% POINTS NEXT YEAR: IMF OFFICIAL
Highlights
• A US rescue package on the order of previous $2.2 trillion CARES ACT would increase growth in the world’s biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecasted said Gita Gopinath
• As per the latest ...

STUDY: THE ECONOMIC RECOVERY FOR INDIA, BRAZIL, AND SOUTH AFRICA COULD BE TOUGH
Highlights
- These nations have a high number of corona virus cases
- The study observed several factors that support or weaken the recovery from a crisis
A new study attempts to identify the nations that could have a hard time for...

INDIAN ECONOMY WILL SEE A VERY SHARP RECOVERY IN Q3 AND Q4 OF THE CURRENT FISCAL: N.K. SINGH
Highlights
• On a whole this fiscal year will end up in the negative territory said N.K. Singh
• At the end of previous fiscal, India’s economic growth was standing at an estimated 4.3 percent
• Various global and domestic agencies had predicted ...

PM NARENDRA MODI INVITES THE WORLD TO INVEST IN INDIA
Addressing the inaugural event at the India Global Week 2020, the Prime Minister of India, Narendra Modi today invited the world to invest in India stating that the Indian economy is already showcasing signs of recovery. The event termed as one of the biggest international event’s on India&...

JAPAN TRADE MINISTRY WANTS TO REVAMP SUPPLY CHAINS
HIGHLIGHTS
- The operations of global supply chains have come to a halt due to coronavirus pandemic.
- The Japanese Ministry of Economy, Trade and Industry wants to revamp the supply chains.
The coronavirus pandemic has halted the operat...

FINANCE MINISTRY FORECAST INDIAN ECONOMY TO SHRINK BY 4.5 PERCENT IN FY21
Highlights
• The lockdown imposed by the government dented the economy and despite reopening policies it continues to suffer
• The Indian economy will jump immediately in the next fiscal said the macroeconomic report drafted by the finance ministry on the basis of In...

IMF FORECASTS CONTRACTION OF 4.5 IN THE INDIAN ECONOMY IN FY21
Highlights
• In the month of April, the IMF had predicted growth of 1.9 percent for the FY21
• The IMF stated that the prolonged lockdown and slow recovery will lead to contraction in the GDP
• The IMF also forecasted India’s growth revival will ...

A DECREASE IN CHINESE TOURISTS WILL AFFECT JAPANESE ECONOMY IN THE LONG RUN
Highlights:
- Coronavirus outbreak has led to drastic reduction of tourist numbers to Japan
- Prolonged reduction will have significant impact on Japanese economy
Coronavirus has hit every major industry that contributes to a country&rsq...

India has to do more to ease its credit crunch
According to economists, India desperately needs to find alternatives to the country's credit crunch, which is hitting industries and crippling employment in Asia's third-largest economy.
"The situation needs to be addressed on a priority basis," says Mahesh Singhi, th...

US EQUITY MARKET HAS SEEN A FALL
Highlights:
- The US equity market on Monday ended the trading day with a fall.
- International Monetary Fund (IMF) has lowered its global economic growth forecast for the US economy to 3.3% from 3.4% for 2020.
- The equity markets are also affec...

FORMER FINANCE MINISTER PREDICTS VERBAL ATTACK ON IMF BY BJP
Highlights
- IMF criticized the Indian Economy
- The growth rate of India this fiscal might decline to 4.8 percent
On January 20, the International Monetary Fund (IMF) predicted that the growth rate of India this f...

RBI BUYS 15 TONES OF SAFE-HAVEN TO PROTECT ITS FALLING CURRENCY
The Reserve Bank of India has purchased 0.48 million troy ounces, approximately 15 tones, of gold in October-November. The step was taken by the central bank to save its falling currency. This can be marked as the highest bi-monthly gold purchase by the central bank since RBI started buying gold ...

India growth forecast maybe significantly downgraded by IMF: Gita Gopinath
Gita Gopinath, Chief Economist, the International Monetary Fund (IMF) said that the IMF is set to join other downbeat analysts and cut the growth estimate for India "significantly".
At the India Economic Conclave organized by Times Network, she said that the IMF in October had...

Numbers stronger than words
The finance sector of the nation of India is failing and this has been pretty clear to everyone in the world including the ordinary people but the government of the country has been pretty oblivious to this fact and has been very bullish on the strength of the nation’s finances and economic...

Dubious growth data in Budget?
The nation has been failing as an economy, and there have been accusations made on the government as well as the finance ministry of the country that they have been the ones that have been failing the economy with their bad reforms and even worse implementation of their improvements, and no...

Facebook’s currency project to be rejected?
As the world moves towards a more digitized finance and banking network we all are facing a choice to either adopt Blockchain or hang in the conventional money chains that could rupture down any time and give us a blow straight to the head.
In a blow to the social media giant, the repor...