Page 34 - Imf

After finance ministry stint, K V Subramanian starts new innings as IMF ED

The India ED also represents Bangladesh, Bhutan and Sri Lanka, along with another appointee from one of these countries

Govt appoints ex-CEA Krishnamurthy Subramanian as India ED at IMF

Subramanian is currently Professor (Finance), Indian School of Business

Gulf states to gain $1.3 trillion in additional oil revenue by 2026: IMF

The gains, due to high oil prices, are expected to provide 'firepower' to the region's sovereign wealth funds (SWFs), one of the largest in the world

IMF delegation to visit Sri Lanka this month: Central Bank Governor

The Sri Lankan government's negotiations with the IMF for a bailout package have made "good progress," the Central Bank Governor said on Thursday, indicating that a top delegation of the Washington-based lender is expected to arrive here at the end of this month to chalk out a staff-level agreement. Sri Lanka is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials. The island nation of 22 million also witnessed a major political churn in recent times following massive mass protests that forced former president Gotabaya Rajapaksa to flee the country and resign from his post. "The IMF programme is making a good progress, and an IMF mission is planning to visit Sri Lanka towards the end of this month to reach a staff-level agreement on a policy package, news portal newsfirst.lk quoted Sri Lanka's Central Bank Governor Nandalal Weerasinghe as saying. Weerasinghe said that after Sri Lanka reached a staff-level agreement with the

Capital goods production expands in June, led by capex revival

The Index of Industrial Production for June, released on Friday, showed capital goods output -- which is a barometer of investment -- rose by 26.1 per cent over the year-ago period, the sharpest among

India's Covid-19 fiscal stimulus was relatively small, say experts

With the latest round of repo rate hike by the Reserve Bank of India (RBI), all the pandemic rate cuts have now been reversed

India should gradually withdraw fiscal, monetary stimulus, says IMF

In its latest External Sector Report, IMF said India should further liberalise its investment regime accompanying it with reduction in tariffs, especially on intermediate goods

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

Additional 30 bn taxes in Pakistan to prevent oil and gas payments default

Pakistan's government has decided to impose an additional PKR 30 billion as taxes as it scrambles to arrange PKR 100 billion emergency funding to avoid international default on oil and gas payments.

Lanka Prez urges parties to find ways to repay loan as IMF deal delayed

Sri Lanka's President Ranil Wickremesinghe said that the unrest had delayed a possible deal with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis

Pakistan military chief seeks US help on release of $1.7 bn IMF loan

Pakistan's army chief has contacted Washington, seeking US help in securing an early release of a crucial $1.7 billion instalment from the International Monetary Fund to the country

Best of BS Opinion: Some post-pandemic surprises, nobel for AI & more

Here are the top BS Opinion articles of the day

Pakistan rupee posts worst month ever amid concern on IMF loan

Pakistan is striving to stave off fears it will follow Sri Lanka into a default this year

Irdai may offer more flexibility to insurers in corporate agency tie-ups

Insurance regulator's board proposes limit on expenses of management for general insurers

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

Sri Lanka Crisis: Are Indian states on the same path to economic distress?

The RBI, in a report in June 2022, said that several Indian states are posting worrisome numbers, mainly due to populist measures

Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession

IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall

Pak expected to secure $1.2 bn from IMF, may help ease pressure on currency

Pakistan's currency and bonds have been hammered this month as the specter of political uncertainty delaying IMF support for the nation unnerves investors

Top Headlines: 5G spectrum bids on Day 1, IMF cuts India's GDP forecast

The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G