'Most crises take place because locals take their money out, not because only foreigners do'
Terming the US current account deficit as "unsustainable", the International Monetary Fund has said it could have a significant adverse effect on interest rates and global capital markets.
Ahead of the Budget exercise scheduled to begin in the first week of November, Finance Minister P Chidambaram will have a new team of bureaucrats with Economic Affairs Secretary Ashok Jha appointed as the new Finance Secretary. \n
Contradicting the International Monetary Fund, which does not want India and other countries to use any of its foreign exchange reserves for building infrastructure
The rupee resumed lower at 64.20 per dollar.
After reproaching the International Monetary Fund for its attack on India's SEZ policy, Union Commerce Minister Kamal Nath has criticised the Reserve Bank for its 'inconsistent approach' towards special economic zones. \n
The International Monetary Fund says India will clock growth of 8.4 per cent in the coming year.
Gauba took chargeafter incumbent Rajiv Mehrishi retired from service.
There is evidence of asymmetric adjustment to monetary policy
The International Monetary Fund on Thursday asked India to "very carefully" look at the much-touted Special Economic Zones, saying the giveaways and tax sops to the zones could divert industrial activity from the rest of the country.
The reserves had jumped $2.03 billion to $277.38 billion in the previous week.
The International Monetary Fund (IMF) has lowered its real export growth forecast for India for 2008 to 13.2 per cent from its April forecast of 16.3 per cent.
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022. Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
Global software and services major Tata Consultancy Services is in the last stages of finalising a multi-million outsourcing contract with the International Monetary Fund. Under the deal, the IMF will offshore some of its back-office work
In the previous week, total reserves dropped by $273.8 million to $312.382 billion.
The eight-day long annual meetings of the World Bank and International Monetary Fund, which began in Dubai on Wednesday, would intensively discuss employment creation, private sector development and financial sector reforms.
The common and mobile pool of skilled labour in India, created by the reforms process, would be drawn to fast growing states and reduce the profitability of labour-intensive manufacturing, widening the incomes and other disparities.
This is first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher.
Foreign currency assets, a key component rose $1.6 bn to $304.9 bn.
The rise in reserves was $2.12 billion.
India on Monday failed in its bid to prevent China and three other countries from getting more powers in the International Monetary Fund.
The Congress-led coalition government will have to address the challenges of improving the country's infrastructure and modernise agriculture to ensure high growth of the economy
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
India's management of foreign exchange reserves has generally been in accordance with International Monetary Fund guidelines and comparable to global best practices.
The three-year tenure of Raghuram Rajan saw the RBI adding a net of $92 billion to the kitty.
Reserves had touched an all-time high of $355.46 billion in the week to June 19.
India's foreign exchange reserves grew marginally by $51 million during the week ending January 21, 2005 to touch $129.43 billion.
