International Monetary Fund

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Improve health system to tackle COVID-19 crisis in future: Gopinath

28 Jan 2021

Improve health system to tackle COVID-19 crisis in future: Gopinath

As the world gradually makes its way out of the coronavirus crisis, International Monetary Fund (IMF) Chief Economist Gita Gopinath has said that countries should work on their health system and be ready to provide timely assistance to impacted segments of the society.

India's new farm-laws potential 'step forward' for agricultural reforms: IMF

15 Jan 2021

India's new farm-laws potential 'step forward' for agricultural reforms: IMF

Backing the new farm laws introduced by the Indian Government, the International Monetary Fund (IMF) said that these laws have the potential to "represent a significant step forward" for agricultural reforms.

Struggling economy gets RBI's boost, big announcement for banks

17 Apr 2020

Struggling economy gets RBI's boost, big announcement for banks

With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.

Coronavirus kills over 100,000 globally; 50% died in a week

11 Apr 2020

Coronavirus kills over 100,000 globally; 50% died in a week

The novel coronavirus is highly contagious and is capable of wiping off cities, the new data about the death toll confirms, yet again.

Coronavirus: World Bank approves  $1bn emergency fund for India

03 Apr 2020

Coronavirus: World Bank approves $1bn emergency fund for India

The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.

Coronavirus: Anticipating job loss, H-1B workers seek extension in US

31 Mar 2020

Coronavirus: Anticipating job loss, H-1B workers seek extension in US

With the global economy dwindling in the wake of coronavirus pandemic, professionals working on H-1B visas in the United States fear massive job cuts, hence, they have asked the administration to allow them to stay there for longer.

We've entered recession, will be worse than 2009: IMF Chief

28 Mar 2020

We've entered recession, will be worse than 2009: IMF Chief

International Monetary Fund chief Kristalina Georgieva on Friday said the world has entered into a recession, courtesy the coronavirus pandemic and she anticipates that the current global situation to be worse than 2009.

FATF keeps Pakistan on greylist, gives a four-month deadline

21 Feb 2020

FATF keeps Pakistan on greylist, gives a four-month deadline

Pakistan has got yet another extension from the global terror financing watchdog Financial Action Task Force (FATF).

People wearing jackets, pants, so there's no recession: BJP MP

10 Feb 2020

People wearing jackets, pants, so there's no recession: BJP MP

Amid the ongoing economic crisis, a member of BJP has exclaimed that people can still afford jackets and pants, hence, there is no recession.

5 big takeaways of Nirmala Sitharaman's budget you should know

01 Feb 2020

5 big takeaways of Nirmala Sitharaman's budget you should know

Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).

IMF chief says growth slowdown in India is temporary

24 Jan 2020

IMF chief says growth slowdown in India is temporary

The chief of the International Monetary Fund, Kristalina Georgieva, said on Friday that the economic slowdown in India is temporary.

Jeff Bezos snubbed: IMF's Gita Gopinath says India needs investment

21 Jan 2020

Jeff Bezos snubbed: IMF's Gita Gopinath says India needs investment

At a time when India is witnessing a historic economic slump, the government should welcome investments, said chief economist of International Monetary Fund (IMF), Gita Gopinath, on Monday.

India in middle of significant economic slowdown, must act: IMF

24 Dec 2019

India in middle of significant economic slowdown, must act: IMF

That India is going through one of its worst economic slowdowns is not news anymore. And keeping the same crisis in mind, the International Monetary Fund (IMF) has asked the Indian government to take action.

Pakistan to remain in FATF 'grey list' till February 2020

18 Oct 2019

Pakistan to remain in FATF 'grey list' till February 2020

After speculations over its black-listing, Pakistan will now remain in the "grey list" of the global terror funding watchdog Financial Action Task Force (FATF), until a new deadline of February 2020.

FATF may put Pakistan on "dark grey list"

15 Oct 2019

FATF may put Pakistan on "dark grey list"

Financial Action Task Force (FATF) will soon decide Pakistan's fate, and things aren't looking great for the country.

Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

13 Oct 2019

Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.

Has Pakistan curbed terror financing? FATF to decide soon

13 Oct 2019

Has Pakistan curbed terror financing? FATF to decide soon

Pakistan, already having a bad reputation for encouraging terrorism in its land, is facing a testing time.

#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%

13 Oct 2019

#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%

The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.

Impact of economic slowdown 'more pronounced' in India: IMF Chief

09 Oct 2019

Impact of economic slowdown 'more pronounced' in India: IMF Chief

The entire globe is facing an economic slowdown, but the effect is more pronounced in emerging economies like India, the chief of the International Monetary Fund (IMF) said on Tuesday.

Global Business Forum: Modi invites businesses to invest in India

25 Sep 2019

Global Business Forum: Modi invites businesses to invest in India

On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.

Pakistan airline operated over 80 flights with 0 passengers: Report

22 Sep 2019

Pakistan airline operated over 80 flights with 0 passengers: Report

In an explicable blooper, Pakistan International Airlines (PIA) operated 46 regular flights without any passengers on board, from the Islamabad airport during 2016-17, revealed the national carrier's audit report.

FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding

23 Aug 2019

FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding

In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.

Five famous and successful alumni of IIM-Ahmedabad to know about

12 Jul 2019

Five famous and successful alumni of IIM-Ahmedabad to know about

The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education.

Five famous alumni of IIT Delhi you should know about

02 Jul 2019

Five famous alumni of IIT Delhi you should know about

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.

It's depressing: Pakistan's Chief Justice on World Cup loss, economy

20 Jun 2019

It's depressing: Pakistan's Chief Justice on World Cup loss, economy

After Indian cricket team thrashed Pakistan to register an important win in the ongoing World Cup tournament, social media was abuzz with reactions.

In a rare move, Pakistan agrees to cut military budget

05 Jun 2019

In a rare move, Pakistan agrees to cut military budget

As Pakistan is facing a mounting economic crisis, the country's military has agreed to cut its budget for the next fiscal year.

No evidence of Pakistan dismantling terror infrastructure, says ex-envoy Haqqani

13 Apr 2019

No evidence of Pakistan dismantling terror infrastructure, says ex-envoy Haqqani

Pakistan Prime Minister Imran Khan's recent statement promising an end of support to terror groups does not reflect a change of policy and is motivated by the fear of getting blacklisted by the global terror-financing watchdog FATF, the country's former envoy to the US, Husain Haqqani, has said.

Pakistan to receive $2 billion loan from China by Monday

22 Mar 2019

Pakistan to receive $2 billion loan from China by Monday

Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced.

Pakistan writes to FATF seeking India's removal from review body

10 Mar 2019

Pakistan writes to FATF seeking India's removal from review body

Pakistan has asked terror financing watchdog, FATF, to remove India as co-chair of its Asia-Pacific Joint Group, to ensure the review process is "fair and unbiased".

Cash-strapped Pakistan gifts gold-plated assault rifle to Saudi Crown Prince

21 Feb 2019

Cash-strapped Pakistan gifts gold-plated assault rifle to Saudi Crown Prince

At a time when Pakistan is under immense global pressure on terrorism, the country's cash-strapped government has gifted Saudi Crown Prince Mohammad bin Salman a gold-plated assault rifle, a media report said.

Donald Trump nominates David Malpass for World Bank President

07 Feb 2019

Donald Trump nominates David Malpass for World Bank President

US President Donald Trump has nominated David Malpass, a vocal critic of the World Bank, to head the international financial institution, sparking concerns that he may seek to reduce the role of the global lender.

Find out 'Mission Impossible' movies' release dates in 2021, 2022

02 Feb 2019

Find out 'Mission Impossible' movies' release dates in 2021, 2022

Mission Impossible is one of the most successful Hollywood franchises.

Two new 'Mission Impossible' movies confirmed for 2021 and 2022

15 Jan 2019

Two new 'Mission Impossible' movies confirmed for 2021 and 2022

Looks like it is "Missions: Accepted" at Paramount Pictures as two new movies for the popular action franchise Mission Impossible have been confirmed.

Operational independence of central banks important: IMF director

14 Dec 2018

Operational independence of central banks important: IMF director

The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.

India's growth very solid over past four-years: IMF Chief Economist

10 Dec 2018

India's growth very solid over past four-years: IMF Chief Economist

India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld said yesterday, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government.

War will continue so long as Ukraine government stays: Putin

02 Dec 2018

War will continue so long as Ukraine government stays: Putin

Russian President Vladimir Putin said yesterday he saw no end to the conflict in eastern Ukraine "as long as the current authorities remain in power".

US demands transparency over Chinese debt on Pakistan

29 Nov 2018

US demands transparency over Chinese debt on Pakistan

The US is demanding transparency over China's debt on Pakistan, Under Secretary of Treasury for International Affairs David Malpass told lawmakers during a Congressional hearing, amid concerns that Islamabad is seeking a multibillion-dollar bailout package from IMF to pay back Chinese creditors.

Imran Khan to visit Malaysia next week; may seek monetary-aid

16 Nov 2018

Imran Khan to visit Malaysia next week; may seek monetary-aid

Pakistan's Prime Minister Imran Khan will visit Malaysia next week, where he is likely to seek monetary assistance to minimize the cash-strapped country's dependence on an International Monetary Fund (IMF) bailout package.

Pakistan PM Imran Khan arrives in China, seeks bailout money

02 Nov 2018

Pakistan PM Imran Khan arrives in China, seeks bailout money

Imran Khan arrived in Beijing today, in what is termed as the most significant visit to China by a Pakistani Prime Minister in recent years.

IMF board approves increased loan package worth $56bn for Argentina

28 Oct 2018

IMF board approves increased loan package worth $56bn for Argentina

The International Monetary Fund executive board on Friday approved an increased loan package for Argentina worth $56 billion to help stabilize the crisis-battered country's economy and currency.