Articles about International Monetary Fund

China hits-back at US, imposes tariffs on imports worth $3bn

02 Apr 2018

China hits-back at US, imposes tariffs on imports worth $3bn

Days after proposing tariffs on American products, China has made it official for 128 items imported from the US, including pork and wine.

After US targets China, Beijing hits back with proposed tariffs

23 Mar 2018

After US targets China, Beijing hits back with proposed tariffs

Hitting back at the US' trade tariffs, China has proposed similar action on 128 US products, which had an import value of $3bn last year.

India seems to be recovering from demonetization disruptions: IMF

11 Mar 2018

India seems to be recovering from demonetization disruptions: IMF

The International Monetary Fund (IMF) on Sunday said that the Indian economy now seems to be on its way to recovering from disruptions caused by demonetization and roll-out of goods and services tax (GST).

War of words on trade between Trump and EU intensifies

05 Mar 2018

War of words on trade between Trump and EU intensifies

US President Trump is stepping up his war of words on trade tariffs, and has threatened to "apply a tax" on car imports from the European Union.

15th Finance Commission to soon decide what populism is

28 Feb 2018

15th Finance Commission to soon decide what populism is

In a first, the Finance Commission, which recommends how much money states should get out of the taxes collected by the central government, will define what a populist measure is and recommend incentives for states that do not resort to them.

Pakistan borrows $500mn from China to support diminishing reserves

18 Feb 2018

Pakistan borrows $500mn from China to support diminishing reserves

Pakistan has taken another foreign commercial loan of $500mn from Industrial and Commercial Bank of China (ICBC) to support its diminishing foreign currency reserves.

What if the world's richest paid for government spending?

13 Feb 2018

What if the world's richest paid for government spending?

Bloomberg Politics has constructed an index to see how many days governments can keep running if the richest person from each country pays for governments' expenditure.

Qatar the richest country in the world per capita

18 Nov 2017

Qatar the richest country in the world per capita

Based on the per capita income of its people, Qatar has been named the world's richest country.

Raghuram Rajan may soon enter Rajya Sabha on AAP ticket

08 Nov 2017

Raghuram Rajan may soon enter Rajya Sabha on AAP ticket

Arvind Kejriwal's Aam Aadmi Party (AAP) has been considering giving its three Rajya Sabha (RS) seats to "outsiders," that is, those who don't belong to any political party.

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

01 Nov 2017

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

Former governor of the Reserve Bank of India, Raghuram Rajan, makes for an ideal candidate to head the US Federal Reserve, says international financial magazine Barron's.

India on solid growth-track, says IMF Chief backing GST, demonetization

15 Oct 2017

India on solid growth-track, says IMF Chief backing GST, demonetization

Only days after the International Monetary Fund slashed India's growth forecast for 2017 and 2018, IMF Managing Director Christine Lagarde said the country's economy is on a "very solid track" in the medium term.

IMF cuts India's growth forecast, but expects a medium-term recovery

11 Oct 2017

IMF cuts India's growth forecast, but expects a medium-term recovery

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).

India's economic-slowdown an "aberration"; GST, a huge positive: World Bank

06 Oct 2017

India's economic-slowdown an "aberration"; GST, a huge positive: World Bank

The World Bank said the recent Indian economic slowdown is an "aberration" due to temporary disruptions in the run-up to Goods and Services Tax, adding it will be rectified soon.

Former PM Manmohan Singh turns 85 today!

26 Sep 2017

Former PM Manmohan Singh turns 85 today!

Manmohan Singh, who had the longest serving contiguous term as PM after Jawaharlal Nehru, has often been described as the hero of India's 1991 liberalization, the "accidental PM" in 2004, and the "mute PM" in 2011.

Rajiv Kumar becomes NITI Aayog's new VC

06 Aug 2017

Rajiv Kumar becomes NITI Aayog's new VC

Economist Rajiv Kumar has been appointed as NITI Aayog's new vice-chairman by the Centre on Saturday.

NITI Aayog Vice Chairman Arvind Panagariya resigns

01 Aug 2017

NITI Aayog Vice Chairman Arvind Panagariya resigns

NITI Aayog Vice Chairman Arvind Panagariya resigned from his post on 1st August. In the next phase, he will return to Columbia University in the US as professor of economics.

Clashes mar Venezuela's constituent assembly vote, 10 killed

31 Jul 2017

Clashes mar Venezuela's constituent assembly vote, 10 killed

At least 10 people have died in protest-related violence in Venezuela as the country voted for a controversial constituent assembly.

Venezuela govt. bans protests that 'disturb' controversial vote

28 Jul 2017

Venezuela govt. bans protests that 'disturb' controversial vote

The Venezuelan government has banned protests which may "disturb or affect" a controversial election for a new constituent assembly scheduled for July 30.

Opposition calls for strike against Venezuelan president's constitution rewrite plans

28 Jul 2017

Opposition calls for strike against Venezuelan president's constitution rewrite plans

Venezuelan opposition leaders have called on workers nationwide to stay home as part of a 48-hour strike aimed at protesting against President Nicolas Maduro's plans to hold a controversial constituent assembly election on July 30.

Nifty50 reaches 10,000 for the first time ever

25 Jul 2017

Nifty50 reaches 10,000 for the first time ever

Nifty50 has finally hit the coveted 10,000 in the opening trade on Tuesday.

IMF downgrades UK and US growth forecasts for 2017

24 Jul 2017

IMF downgrades UK and US growth forecasts for 2017

The US and UK economies are expected to grow more slowly in 2017 than previously predicted, the International Monetary Fund (IMF) said.

Venezuela defies US sanctions threat on constituent assembly election

20 Jul 2017

Venezuela defies US sanctions threat on constituent assembly election

The Venezuelan government said it will hold a controversial constituent assembly election despite threats of US sanctions.

Former Greek PM Papademos injured in car explosion

26 May 2017

Former Greek PM Papademos injured in car explosion

Former Greek PM Papademos was injured after an explosive went off inside his car in Central Athens.

CPEC is flagship of OBOR: Chinese President Xi Jinping

15 May 2017

CPEC is flagship of OBOR: Chinese President Xi Jinping

At the end of the Belt and Road summit, Chinese President Xi Jinping praised the China Pakistan Economic Corridor calling it the flagship of the Belt and Road initiative.

Chinese President Jinping pledges $124 billion for new Silk Road

15 May 2017

Chinese President Jinping pledges $124 billion for new Silk Road

Chinese President Xi Jinping pledged $124 billion for a new initiative he called the Belt and Road initiative. It takes forward China's One Belt, One Road initiative that was announced in 2013.

Over $21 billion illicit financial outflows from India in 2014

03 May 2017

Over $21 billion illicit financial outflows from India in 2014

Data from international watchdog Global Financial Integrity has revealed that in 2014, over $21 billion in illegal money found its way out of India.

Brazil burns as the first general strike ended

29 Apr 2017

Brazil burns as the first general strike ended

Violence has broken out in Brazil as the country saw its first general strike in almost 20 years.

India is set to become the world's fourth-largest economy

28 Apr 2017

India is set to become the world's fourth-largest economy

It's been 70 years since our independence; 5 more years and we will push Britain out of the top five economies. We would emerge as the world's fourth-largest economy overtaking Germany on the way.

Protests in Venezuela: President Maduro offers talks with opposition

24 Apr 2017

Protests in Venezuela: President Maduro offers talks with opposition

Embattled Venezuelan President Nicolas Maduro has called for a resumption of dialogue with the Venezuelan opposition. He added that he wanted local elections to take place.

3 civilians killed in Venezuelan anti-government protests

20 Apr 2017

3 civilians killed in Venezuelan anti-government protests

Three people were killed in separate incidents across Venezuela in the midst of anti-government protests in the country.

Greece, eurozone reach basic agreement to unlock bailout payments

09 Apr 2017

Greece, eurozone reach basic agreement to unlock bailout payments

Eurozone finance ministers said they have reached an "in principle" agreement with Greece on the contents of a deal to release a delayed bailout payment.

RBI governor gets a pay hike

02 Apr 2017

RBI governor gets a pay hike

The government has more than doubled the salaries of the RBI Governor and Deputy Governors.

India's GDP increased by 7% in Q3

28 Feb 2017

India's GDP increased by 7% in Q3

India's third quarter GDP grew at a faster-than-expected 7% pace despite demonetization in the quarter till December. It had been expected to grow 6.1% then.

The core team that drafted the Budget

07 Feb 2017

The core team that drafted the Budget

Finance Minister Arun Jaitley was closely assisted by a team of seven top officials in drafting the Budget for 2017-18.

Highlights of Union Budget 2017

01 Feb 2017

Highlights of Union Budget 2017

Union Finance Minister Arun Jaitley said growth will recover in 2017.

Saudi Arabia to introduce taxes for citizens

31 Jan 2017

Saudi Arabia to introduce taxes for citizens

Reeling from the fallout of the massive fiscal deficit in the kingdom last year, Saudi Arabia's cabinet approved the unified agreement on Value Added Tax and selective taxes in the Gulf Cooperation Council states.

Budget giveaways uncertain due to demonetization distress

24 Jan 2017

Budget giveaways uncertain due to demonetization distress

Finance Minister Arun Jaitley is under pressure to offer tax giveaways and increase capital and welfare spending in the upcoming union budget.

World Bank: India's growth to be 7% for 2016-17

11 Jan 2017

World Bank: India's growth to be 7% for 2016-17

The World Bank has forecast India's growth for 2016-17 to be at 7%; they added that in the coming years growth would bounce back to 7.6-7.8% growth.

China's forex reserves drop, hit a 6-year low

08 Jan 2017

China's forex reserves drop, hit a 6-year low

China's foreign exchange reserves dropped by $41 billion to $3.011 trillion, the lowest since March 2011.

India's GDP expected to fall

06 Jan 2017

India's GDP expected to fall

According to data compiled by Central Statistics Office, India's GDP has been revised downwards from the original estimate of 7.6% to 7.1%.