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  India's forex reserves jump to USD 665.4 billion, highest rise in nearly five months

  Business | April 06, 2025 15:09 IST

  India's foreign exchange reserves rose by $6.6 billion to $665.4 billion in the week ending March 28, marking the highest weekly increase in nearly five months, according to RBI data. This marks the fourth consecutive weekly gain, with total reserves up by $20.1 billion in that period.

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  Pakistan cuts 1,50,000 jobs, dissolves six ministries as part of IMF deal

  World | September 29, 2024 21:49 IST

  Pakistan has been struggling to fix its economy for the last many years and it was close to default in 2023 but a timely loan of USD 3 billion by the IMF saved the situation.

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  Rajnath takes jibe at Pakistan, says 'Would've given larger package had it maintained friendly ties'

  India | September 29, 2024 18:27 IST

  Defence Minister Rajnath Singh said that Centre provided package to Jammu and Kashmir for development which was far more than what Pakistan sought from the International Monetary Fund (IMF). He also said that while India spends money in J-K for development, Pakistan misuses bailout money.

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  RBI Governor Shaktikanta Das ranked among top 3 central bankers: Who are other two?

  Business | August 21, 2024 14:54 IST

  Denmark's Christian Kettel Thomsen and Switzerland's Thomas Jordan, Das was recognised for his effective management of inflation, economic growth, currency stability, and interest rates. This accolade highlights his successful monetary policies amidst global economic challenges.

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  'India needs to create 148 million additional jobs by 2030': IMF's Gita Gopinath

  Business | August 17, 2024 18:49 IST

  International Monetary Fund's First Deputy Managing Director Gita Gopinath attended the Diamond Jubilee event at the Delhi School of Economics and said that India needs basic reforms, private investments, and revamping the education system.

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  IMF upgrades India's GDP forecast to 7 per cent for 2024-25

  Business | July 16, 2024 19:52 IST

  The IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.

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  Pakistan President Zardari threatens ruling govt, says 'we know how to form and dismantle govts'

  World | July 12, 2024 10:30 IST

  The verbal threat by President Asif Ali Zardari came after Pakistan's government said it would continue to seek IMF loans, which he opposed. His party leaders have also expressed unhappiness with the lack of cooperation from provincial and federal governments.

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  IMF raises India's growth projection to 6.8 per cent in 2024 citing rising working-age population

  Business | April 16, 2024 20:01 IST

  As per the World Economic Outlook report, India continues to be the fastest-growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period.

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  'Can't survive without another IMF programme': Pakistan PM Sharif says another bailout is inevitable

  World | March 21, 2024 16:59 IST

  The comments by Sharif came a day after the IMF said it had agreed to a provisional or staff-level agreement with Islamabad which, if approved by its board, will disburse the last tranche of $1.1 billion under the $3 billion standby arrangement.

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  Pakistan PM Shehbaz Sharif, entire cabinet to forgo salaries amid economic crisis | Does it work?

  World | March 21, 2024 10:46 IST

  Pakistan's austerity measures aim to promote fiscal responsibility amid a severe economic crisis, causing them to seek a financial bailout from the IMF. The global moneylender reached a staff-level agreement with Pakistan to release the last tranche of the $3 billion bailout package.

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  IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

  World | March 20, 2024 13:12 IST

  Despite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.

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  Debt trap? China rolls over USD 2 billion loan to cash-strapped Pakistan

  World | February 29, 2024 9:01 IST

  Pakistan's cash-strapped economy is struggling to stabilise from a financial crisis and secured a $3 billion standby arrangement from the International Monetary Fund last summer.

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  Pakistan says IMF conditions for USD 1.2 B tranche met ahead of visit of global lender's review

  World | February 25, 2024 18:14 IST

  The Ministry of Energy officials said they have met the end-December targets related to containing the flow of circular debt below Pakistani Rs 385 billion, timely increase in the electricity prices, and slowing the increase in line losses.

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  '98 per cent job is done, only Excel sheet approval is pending': Pakistan Airlines on sale

  World | February 04, 2024 14:23 IST

  "Our job is 98% done," Privatisation Minister Fawad Hasan Fawad said when asked about the plan to sell the airline. "The remaining 2% is just to bring it on an Excel sheet after the cabinet approves it."

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  Interest rates to keep falling but last mile 'very very tricky', says IMF Chief Kristalina Georgieva

  Business | January 18, 2024 16:24 IST

  The IMF chief said that some countries have successfully managed inflation and can afford accommodative monetary policies.

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  Artificial Intelligence to impact about 40 per cent jobs globally: IMF

  Business | January 15, 2024 10:55 IST

  Artificial intelligence is likely to exacerbate overall inequality, and more productivity from high-income workers and companies would boost capital returns, widening the wealth gap, said IMF Managing Director Kristalina Georgieva.

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  'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'

  Business | December 23, 2023 8:42 IST

  The finance ministry said that any adverse global shock or extreme event is expected to uni-directionally impact all the economies in an interconnected and globalised world. A cross-country comparison shows that India has done relatively well.

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  Pakistan's economy continues to remain fragile, energy prices will be raised before elections: FM

  World | November 17, 2023 12:50 IST

  Pakistan's caretaker Finance Minister Shamshad Akhtar outlined key aspects of the IMF agreement, affirming the government’s commitment to regular tariff adjustments, including a planned gas price hike in January to prevent the accumulation of circular debt in both the gas and power sectors.

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  'Powerhouse of growth and innovation': PM Modi hails economy after IMF growth projection for India

  India | October 11, 2023 10:39 IST

  International Monetary Fund raised India's GDP projection marginally by 0.2 per cent to 6.3 per cent even as it slashed the global growth forecast to 3 per cent. IMF in July had estimated India's GDP forecast at 6.1 per cent for 2023-24. India's growth is projected to be higher than China.

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  IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption

  Business | October 11, 2023 10:05 IST

  The IMF noted that there are potential risks to prices, primarily from food security concerns. Recent export restrictions in India, the world's largest rice exporter, and uncertain effects of El Nino are contributing to the upward tilt in risks.