With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand. She rooted for government policies focusing on managing a slowdown in domestic demand, and on boosting productivity growth and supporting employment creation in the medium term.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
The good times are back, in a measured way, in fun spots across the globe.
France striker Karim Benzema hit out at those who questioned his work ethic as he tried to play down Real Madrid coach Carlo Ancelloti's suggestion that he shies away from hard work.
Cristiano Ronaldo is a colossal figure in club football having completed a hat-trick of Champions League (1 Manchester United, 2 Real Madrid) victories. The three-time Ballon d'Or winner, Ronaldo has won several league titles. But the Portuguese magician tasted success for the first time with the national team as Portugal defeated hosts France to lift the 2016 Euro title.
Portugal won their first Euro title after defeating France 1-0 at the Stade de France in Paris on Sunday.
Wales's Euro 2016 victory over Belgium, officially the second-best team in football, showed again that you can have all the attacking talent in the world but if you are weak at the back you will be found out at the highest level.
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
From sharp, flying tackles and tough possession-fights, bloodied noses to scissor kicks in attempt to finding those crucial goals and the ecstatic celebrations thereafter, Rediff.com gives you a quick rewind of all the excitement that has transpired over the last five days across France...
The swollen Seine receded on Sunday, but between flood damages, strikes and terror fears, France was firmly stuck in the doldrums just five days before the Euro football tournament. Thick grey clouds hung over Paris as the muddy Seine slowly inched back from a three-decade high that saw it burst its banks in places, forcing the Louvre and Orsay museums to shut their doors to evacuate priceless works. But while crowds thronged to photograph the river -- Paris's star attraction this weekend -- residents in nearby towns picked through their devastated homes, with insurers estimating damages of at least 600 million euros ($681 million). Several towns remained on alert after the floods left four people dead in the Paris region this week, and over 11,000 homes were without electricity. In Paris several metro stations remained shut as a precaution.
The Competition Commission of India (CCI) on Monday ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play's payment system. Google Pay is a popular digital payments platform while Google Play is the app store on its Android ecosystem.
'There is no secrecy clause to the price (of the aircraft).' 'There can be secrecy on the capability of the nuclear payload of aircraft and things like that, but the price is hardly a secret.'
Maria Sharapova had not completed a match since losing at Wimbledon in July, so the Russian was naturally thrilled to emerge with a victory at the WTA finals on Sunday after taking time to heal from a number of ailments.
These photos prove we live in a bizarre world.
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
Richard Gasquet kept his ATP World Tour finals hopes alive when he overcame Fernando Verdasco 7-5, 6-7(6), 6-3 to reach the Paris Masters third round as fellow Frenchman Jo-Wilfried Tsonga crashed out of the race on Tuesday.
'I asked the coach for an explanation. An explanation can be just two minutes long. It's not complicated ... But I am still at the coach's disposal. The coach knows this' 'I have the feeling that my name is being manipulated for reasons that have nothing to do with football'
According to the Credit Suisse Global Wealth report, India has 1,800 ultra high net worth individuals -- 11th largest group globally, while the United States tops the chart with 62,800 UHNW adults (equivalent to 49 per cent of the global total).
European champions Portugal spurned a two-goal lead against Tunisia, stumbling to a 2-2 draw, as France, one of the World Cup favourites, flexed their muscles with a comfortable 2-0 win over Ireland in warm-up friendlies on Monday.
Five years after Chief Minister Nitish Kumar imposed total prohibition in Bihar, the liquor mafia continues to thrive, reports MI Khan.
Playing at the Parc des Princes against the team who denied them the title last year was the perfect occasion for PSG, owned by big-spenders Qatar Sports Investments since 2011, to wrap up their fifth title in the Qatari era.
Images from Day 1 of the 2020 French Open in Paris on Sunday.
He has won it all at club level and has three world player of the year awards but on Sunday Cristiano Ronaldo celebrated as never before -- with tears of joy streaming down his face after his Portugal beat France 1-0 to win the European Championship.
The 25-year-old striker, who stands 1.76 metres tall, caught the eye on the big stage against Germany, driving home a penalty at the end of the first half before poking in the ball on 72 minutes following a rare blunder by Germany goalkeeper Manuel Neuer.
The former Paris St Germain manager will be presented on Wednesday and will replace Jose Mourinho who left at the end of last season to join Chelsea.
Here's a glimpse of all that happened around the world last week, in 14 images.
Liverpool failed to muster a single shot on target in a Champions League game for the first time since a 1-0 defeat to Benfica in February 2006.
Hundreds of thousands of ecstatic French fans celebrated the return of their World Cup winning football team on Monday, jumping and chanting "We Are The Champions" as their bus paraded down the Champs Elysees before a special presidential reception.
Olympic champion Usain Bolt sent out a warning to his rivals ahead of the world championships by running the fastest time of the year to win the 200 metres at the Paris Diamond League on Saturday.
Images from Monday's action at the French Open.
Manchester City made it five wins out of five in the Premier League and Cristiano Ronaldo scored five goals for Real Madrid but Chelsea and Juventus continued to struggle at the weekend as the Champions League looms.
IMAGES from matches on Day 9 at the French Open at Roland Garros
The prolific fashion designer had given the Chanel's Paris haute couture show a miss in January due to ill health.
Chelsea, Bayern Munich, Real Madrid and Juventus consolidated their top-flight leads at the weekend while Paris St Germain proved too strong for Ligue 1 leaders Olympique Marseille.
A summary of sports events and sports persons who made news on Sunday.
Whenever you think of Microsoft, the only name that crosses one's mind is Bill Gates. But the tech behemoth was co-founded in 1975 by Gates and Paul Allen.
Garbine Muguruza roared into the French Open semi-finals with a 6-2, 6-1 demolition job of Maria Sharapova on Wednesday.
Together with Jet Airways we will have 61 flights to Amsterdam and Paris during the winter season. That also makes us the second largest airline group after Lufthansa, which has 67 weekly flights, and we are catching up to become the first, says KLM CEO Pieter Elbers.
Ukraine advanced to the Euro 2020 finals after an impressive first half helped them to a 2-1 home win over Portugal, whose talismanic captain Cristiano Ronaldo scored his 700th career goal.
Breakdancing, considered one of the pillars of hip-hop culture, will also make its Asian Games bow in 2022, two years before it features in the Olympics for the first time in Paris.
