Apr 12, 2021 11:43 AM IST
.“The goal is to have an economy and a financial system that can absorb shocks. ..Balance sheets can be better managed, Non-Performing Loans (NPLs) can be better managed,” Tobias Adrian, Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF) told PTI in an interview.
- Apr 08, 2021 08:18 AM IST
The outlook, she asserted, is brighter because millions of people are benefitting from vaccinations and because of further policy support, especially in the US.
- Apr 08, 2021 07:58 AM IST
The advisers would include U.N. officials, nongovernmental organizations, private investors and even ratings agencies with expertise in sourcing investment, including grants, low- or no-interest loans and conditional debt relief, the document says.
- Apr 07, 2021 08:55 PM IST
The feeling in the government is that Yellen’s statement stems from the United States’ ‘one-shot’ approach to providing stimulus in face of the Covid-19 pandemic, which is opposed to India’s response, which has been more deliberate and has focused on the credit and fiscal side of things.
- Apr 07, 2021 08:10 PM IST
Gopinath also said that this fiscal stance is also appropriate for India overall and that it is good that support isn't being pulled back,
- Apr 07, 2021 06:18 PM IST
The pandemic has affected almost every country in the world and has left national economies and businesses counting the costs, as governments struggle with new lockdown measures to tackle the spread of the deadly virus.
- Apr 07, 2021 04:04 PM IST
The IMF report predicted that the US will be the second biggest contributor to global growth, followed by India, Japan and Germany.
- Apr 07, 2021 12:40 PM IST
The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF’s Monetary and Capital Markets Department, told reporters at a news conference on Tuesday.
- Apr 07, 2021 08:29 AM IST
On Tuesday, the IMF predicted a 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.
- Apr 06, 2021 07:44 PM IST
Gita Gopinath said current disparities in national corporate tax rates had triggered “a large amount” of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues to fund needed economic and social spending.
- Apr 06, 2021 06:35 PM IST
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.
- Apr 06, 2021 01:01 PM IST
The Rockefeller report said rich countries could reallocate their new Special Drawing Rights (SDRs) to quickly close the funding gap and get more people vaccinated around the world
- Mar 31, 2021 01:31 PM IST
The pandemic-induced lockdowns disrupted the revenue streams of businesses around the world which led to an increase in leverage in corporate balance sheets and households.
- Mar 26, 2021 07:50 AM IST
The IMF is scheduled to release its World Economic Outlook on April 6.
- Mar 21, 2021 08:21 AM IST
IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in the United States, but gave no details.
- Feb 21, 2021 09:25 PM IST
The virtual FATF plenary will be held in Paris from February 22 to 25 to consider cases of various countries on the grey list, including Pakistan, and a decision will be made at the conclusion of the meetings
- Feb 20, 2021 08:08 AM IST
Three countries - Ethiopia, Chad and Zambia - have already initiated negotiations with creditors under a new Common Framework supported by the Group of 20 major economies, a process that may lead to debt reductions in some cases.
- Feb 05, 2021 08:38 AM IST
Gerry Rice, Director of Communications at the International Monetary Fund (IMF), at a press conference here said the Union Budget rightly focuses on health, education, public infrastructure and, if fully implemented, can help increase India's growth potential.
- Jan 28, 2021 11:43 PM IST
Aditya Birla Group has unveiled plans to invest in about $2.4 billion across businesses in the past few weeks, as according to Kumar Mangalam Birla 'the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels'.
- Jan 28, 2021 10:53 PM IST
Gita Gopinath also said a credible divestment plan would boost the confidence of the markets, adding that the government must keep the borrowing costs low during the transition period.
- Jan 27, 2021 11:17 PM IST
Gopinath also said that a larger budget deficit than what India usually has can be expected.
- Jan 27, 2021 01:54 PM IST
The three agri laws, enacted in September last year, have been projected by the Indian government as major reforms in the agriculture sector that will remove middlemen and allow farmers to sell their produce anywhere in the country.
- Jan 27, 2021 12:53 PM IST
GDP numbers suggest that we are in a technical recession but things could reverse very quickly without giving much time or opportunity for investors to react.
- Jan 26, 2021 11:09 PM IST
Speaking at the World Economic Forum's online Davos Agenda Summit, she said the IMF is projecting 5.5 per cent global economic growth for 2021, which is higher than before.
- Jan 26, 2021 06:54 PM IST
China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).