Strong dollar will impact financial system in India.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
The global economy, which gathered momentum in 2013, would continue to strengthen in 2014, largely because of improvements in the advanced economies, the International Monetary Fund Chief Christine Lagarde has said even as she expressed concern over the rising risk of deflation.
The women on the 17th annual Forbes Power List hail from 30 countries and were born across four generations.
Crude oil has fallen about 40 per cent since mid June and the price on Monday touched its lowest level since mid 2009 before US oil prices posted their biggest one-day gain in two years overnight.
The Pakistani PM believed New Delhi rebuffed his offer of talks because his country is an issue in the elections in the neighbouring country.
Early GST rollout to help create more jobs, boost output, says IMF.
Meanwhile, the US refrained from making any comment on the move to set up the development bank aimed at reshaping the international financial system dominated by the West, saying that the details are yet to emerge.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
IMF policymakers have said they will come up with ideas on how to push ahead with reform by mid-December.
Biden, who during his visit to India in 2013 had set the target of increasing the bilateral trade to $500 billion.
Reacting to Trump's latest move, China has vowed to immediately retaliate.
Wolfgang Schauble has done right by the Euro zone, but the Greeks believe that doesn't necessarily mean he has done right by them.
Global growth should have a large impact on the poor, says World Bank.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Lagarde had said an Indian could head IMF.
IMF expects growth to pick up to 7.2 per cent.
The net worth of India's billionaire community has soared 12-fold in 15 years - enough to eliminate absolute poverty twice over in the country, where income inequality is also on the rise, according to the IMF.
RBI will take a cue from the Fed policy statement.
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".
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
In advanced economies, growth is strongest in the United States, says IMF.
Christine Lagarde warned of a repeat of high market volatility.
HSBC's Swiss bank routinely allowed clients to withdraw "bricks" of cash
It was for the second time in recent days that Modi has touched upon issues relating to diversity and pluralism, as he faces criticism over the issue of intolerance in the country.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
The voting share of India in IMF would increase to 2.6 per cent from 2.34 per cent.
Almost every country in the world just signed on to the #ParisAgreement on climate change
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The country has enough forex reserves to meet the demand.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
We need to create collaborative and/or disruptive platforms like Uber and Airbnb in all sectors to ensure responsive and responsible inclusive growth, says C P Gurnani.
Tuesday's was the S&P's worst drop since August 24.
India's numbers have shown a reasonable amount of improvement.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
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