Page 46 - Imf
Sale of Air India will constitute an 'important milestone': IMF official
The International Monetary Fund on Monday said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts. Tata group has emerged as the winning bidder for the loss-making Air India, and on October 11, a letter of intent (LoI) was issued to the group. "We welcome the recent agreement on the sale of Air India, which constitutes an important milestone," Alfred Schipke, Director of IMF-STI Regional Training Institute and a former IMF India Mission Chief, told PTI in an interview. Earlier this month, the government accepted an offer by Talace Pvt Ltd, a unit of Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of Air India's debt. After Tatas accept the LoI, the share purchase agreement (SPA) for the sale will be signed. Along with Air India, Tatas will acquire low-cost carrier Air India Express and Air India's 50 per cent stake in equal joint venture AISATS. "In general, to maximise the benefits from privatisatio
 "Sale of Air India will constitute an 'important milestone': IMF official")
Talks between Pak, IMF for $1 billion loan tranche inconclusive: report
The fresh rounds of talks for the release of loan tranche and a good economic certificate to the nation have remained inconclusive, according to the report
 "Talks between Pak, IMF for $1 billion loan tranche inconclusive: report")
Pak fails to strike agreement with IMF under $6 bn Extended Fund Facility
Islamabad expects the finance secretary to prolong his stay in Washington DC for the next few days for making last-ditch efforts
 "Pak fails to strike agreement with IMF under $6 bn Extended Fund Facility")
IMF commends India's 'swift, substantial' response to Covid-19 pandemic
The International Monetary Fund has commended Indian authorities' swift and substantial' response to the Covid-19 pandemic and noted that there is the possibility of 'a faster than expected recovery'
 "IMF commends India's 'swift, substantial' response to Covid-19 pandemic")
India to remain accommodative in its monetary policy: RBI governor
India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said
 "India to remain accommodative in its monetary policy: RBI governor")
India's economy gradually recovering, but beware of inflation: IMF
Says gradual cut in monetary support will foster orderly market transition
 "India's economy gradually recovering, but beware of inflation: IMF")
India likely to do better than its Paris agreement targets: FM tells IMF
India is all set to meet its Paris climate agreement target to reduce emissions by 33-35 per cent of its GDP by 2030 from the 2005 level, Finance Minister Nirmala Sitharaman has told the IMF
 "India likely to do better than its Paris agreement targets: FM tells IMF")
India recognises importance of universal vaccination: Sitharaman at IMF
Finance Minister Nirmala Sitharaman said on Thursday that India recognises the importance of universal vaccination in stemming the spread of the coronavirus
 "India recognises importance of universal vaccination: Sitharaman at IMF")
G20 finance chiefs back global tax deal, pledge to sustain recovery
Finance leaders from the G20 major economies keeping a close eye on inflation
 "G20 finance chiefs back global tax deal, pledge to sustain recovery")
Sound fiscal consolidation can boost India's rating outlook: Gita Gopinath
In a Q&A, the chief economist at IMF says that high frequency indicators for the third quarter of Calendar 2021 indicate momentum in India's economic recovery
 "Sound fiscal consolidation can boost India's rating outlook: Gita Gopinath")
Important for India to focus on green investment post-pandemic: IMF
As Indian economy recovers from the Covid-19 pandemic that hit it hard, it is important for country to focus on public investment, particularly in green sectors, the IMF said Wednesday.
 "Important for India to focus on green investment post-pandemic: IMF")
IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation
Georgieva, who was cleared of wrongdoing in the matter by the IMF's executive board on Monday, had sharply criticized a report prepared by law firm WilmerHale for the World Bank's board
 "IMF chief says data-rigging scandal won't hamper IMF-World Bank cooperation")
Members to reach $100-bn target for shifting reserves, says IMF chief
The IMF chief said the fund was putting in place measures to increase transparency about the use of any SDRs.
 "Members to reach $100-bn target for shifting reserves, says IMF chief")
Global debt jumps to new high of $226 trillion, says IMF report
Sees risk of sizeable sell-off in stocks
Global debt jumps to a new high of $226 trillion, says IMF
This figure includes both public and non-financial private sector debt.
IMF keeps its India economic growth projection for FY22 unchanged at 9.5%
Says India will be the fastest-growing major economy in the world again
Kristalina Georgieva to remain IMF chief after board's vote of confidence
Janet Yellen puts her on notice; says she will closely evaluate any new fact or finding
 "Kristalina Georgieva to remain IMF chief after board's vote of confidence")
Top headlines: IMF says India to grow 9.5%; retail inflation at 5-month low
Business Standard brings you the top stories from today
 "Top headlines: IMF says India to grow 9.5%; retail inflation at 5-month low")
India doing well in terms of vaccinating its own people, says IMF official
The global financial institution in its latest outlook projected 9.5 per cent growth rate for India in 2021
 "India doing well in terms of vaccinating its own people, says IMF official")
IMF trims view on global growth rebound as 'dangerous divergence' seen
The fund warned threats to growth had increased, pointing to the delta variant, strained supply chains, accelerating inflation and rising costs for food and fuel.