Tag: International Monetary Fund

17 Results

  • Sensex down 200 points, Auto stocks shed 1%

    Sensex down 200 points, Auto stocks shed 1%

    The Nifty of the National Stock Exchange (NSE) opened at 10,949.80 after closing at 10,961.85 on Monday.

    January 22, 2019
  • Two-front challenge

    Two-front challenge

    As India’s relations with both China and Pakistan continue to deteriorate, the country’s policy-makers must reflect on the unpleasant possibility of a ‘two-front’ war with both countries.

    January 14, 2019
  • Gita Gopinath joins International Monetary Fund as its first woman chief economist

    Gita Gopinath joins International Monetary Fund as its first woman chief economist

    The John Zwaanstra professor of International Studies and Economics at Harvard University, Gopinath, 47, succeeds Maurice (Maury) Obstfeld as Economic Counsellor and Director of the IMF's Research Department, who retired on December 31.

    January 8, 2019
  • India’s foreign exchange reserves down by USD 613.9 million

    India’s foreign exchange reserves down by USD 613.9 million

    FCAs, the largest component of the forex reserves, edged lower by $631.6 million to $367.86 billion during the week ended December 14.

    December 22, 2018
  • Imran’s fate hinges on economic showing

    Imran’s fate hinges on economic showing

    Pakistan has requested for a $12 billion help because its economy is in a shambles. The foreign exchange reserve is at $7.3 billion whereas a dollar itself buys 140 Pakistani Rupees. The monthly trade deficit is at $1.7 billion.

    December 21, 2018
  • India’s overall forex reserves rise to USD 393.73 billion

    India’s overall forex reserves rise to USD 393.73 billion

    India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and India's position with the International Monetary Fund (IMF).

    December 15, 2018
  • Former IMF head Rodrigo Rato enters jail for corruption

    Former IMF head Rodrigo Rato enters jail for corruption

    Rodrigo Rato headed the IMF between 2004-07 and was Spain's deputy Prime Minister and Finance Minister between 1996-2004.

    October 26, 2018
  • Pak PM to visit Saudi Arabia, Malaysia and China to seek aid to avoid tough bailout from IMF

    Pak PM to visit Saudi Arabia, Malaysia and China to seek aid to avoid tough bailout from IMF

    In the next two weeks Prime Minister Khan will visit three 'friendly countries' where he is likely to seek monetary assistance, the report said, days after Islamabad formally sought a bailout from the International Monetary Fund (IMF).

    October 22, 2018
  • Pakistan may have to disclose its China debts, IMF requires transparency

    Pakistan may have to disclose its China debts, IMF requires transparency

    Earlier this week, Pakistan said that it would be seeking a loan from the IMF. The country has a ballooning trade deficit, falling currency and is quickly exhausting its foreign-exchange reserves.

    October 11, 2018
  • Alienated Achievers

    Alienated Achievers

    Nothing could be as pleasing as the news that a Kolkata-born Keralite, a Jawaharlal Nehru University ( JNU) alumnus to boot ~ amongst Gita Gopinath’s other stupendous academic credentials ~ has been appointed as the first ever woman chief economist at the International Monetary Fund. Kolkata, Kerala and the JNU are all anathema to the …

    October 6, 2018
  • Rupee at risk

    Rupee at risk

    Amidst several parameters going askew for the Indian economy, two ~ its current account deficit and its sliding rupee ~ are attracting the greatest outcry, more so because of the shrill assault that the present Prime Minister had launched against his predecessor during the 2013 slide of the rupee. At 72.23 to the dollar, the …

    September 24, 2018
  • RBI can control free fall of rupee

    RBI can control free fall of rupee

    As India starves for dollars, the stranglehold of external forces over India tightens. Is it any surprise that the rupee moved from 58 to 73 a dollar in the last four years?

    September 15, 2018
  • Economics and Religion

    Economics and Religion

    It is unfortunate both for Pakistan and its economy that the Imran Khan government has buckled at the threshold to the resonant rumblings and the ramped up pressure of the orthodox segment. It thus comes about that at a direly critical juncture ~ when the new establishment contends with a stuttering economy ~ the aggressive …

    September 9, 2018
  • Frozen Funds

    Frozen Funds

    Donald Trump’s reprisal against Pakistan only confirms that Imran Khan has succeeded to a depleted inheritance. The misuse of US assistance ~ a $ 300 million tranche ~ earmarked for action against terrorists, predates the change of guard in Islamabad. Was it really necessary for the White House and the Pentagon to wait for the …

    September 4, 2018
  • India’s Forex reserves deplete by $1.75 bn

    India’s Forex reserves deplete by $1.75 bn

    India’s foreign exchange (Forex) reserves depleted by $1.75 billion during the week ended June 29, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall forex reserves declined to $406.05 billion from $407.81 billion reported for the week ended June 22. India’s forex reserves comprise of foreign …

    July 6, 2018
  • A prison of suffering or freedom of happiness?

    A prison of suffering or freedom of happiness?

    Two headlines caught my attention recently: the International Monetary Fund declaring India having a US $2.6 trillion GDP economy – the world’s sixth largest – and in Mumbai, one of the world’s richest cities, a young chartered accountant named Mokshesh Sheth deciding to renounce his family fortune of Rs 100 crores (about $15 million) and …

    May 23, 2018
  • India can become powerhouse economy if policies managed well: IMF

    India can become powerhouse economy if policies managed well: IMF

    India can become a powerhouse economy if policies are managed well and reforms are supportive of inclusive growth, a top IMF official has said. David Lipton, the International Monetary Fund’s First Deputy Managing Director, also expressed hope that India’s growth will be reflected in poverty reduction statistics and eventually in a measurement of metrics of …

    April 20, 2018