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Tom Cruise and Rebecca Ferguson in a still from Mission Impossible Fallout.

First Mission Impossible Fallout reactions call it best action film of last decade, praise superhuman Tom Cruise

By HT Correspondent, New Delhi
UPDATED ON JUL 11, 2018 01:53 PM IST
First reactions to Mission: Impossible - Fallout are in, and Tom Cruise fans are going to be very excited.
Whoever succeeds Nawaz Sharif will face some tough policy choices.(AFP)
Whoever succeeds Nawaz Sharif will face some tough policy choices.(AFP)

Pakistan’s indebted economy heads towards another IMF bailout

Karachi | By Bloomberg
UPDATED ON JUL 10, 2018 10:34 PM IST
Pakistan may soon ask for a bailout from the International Monetary Fund (IMF), less than two years after its last $6.6 billion emergency cash infusion
An employee shows a bundle of Pakistani one thousand rupee banknotes at a cash counter of the office of Pakistan Currency Exchange Pvt in Karachi, Pakistan.(Asim Hafeez/Bloomberg)
An employee shows a bundle of Pakistani one thousand rupee banknotes at a cash counter of the office of Pakistan Currency Exchange Pvt in Karachi, Pakistan.(Asim Hafeez/Bloomberg)

Pakistan said to devalue rupee for the third time since December

Bloomberg | By Faseeh Mangi
PUBLISHED ON JUN 11, 2018 03:48 PM IST
The Pakistani rupee was already Asia’s worst-performing currency against the dollar since the start of December before Monday’s devaluation move. On Monday, the currency had dropped to 121.5 against the US dollar.
India’s forex reserves declined by USD 593.7 million to USD 412.23 billion for the week ended Jun 1(Reuters File Photo)
India’s forex reserves declined by USD 593.7 million to USD 412.23 billion for the week ended Jun 1(Reuters File Photo)

India’s foreign exchange reserves decline by $594 million

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON JUN 08, 2018 06:40 PM IST
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves
RBI Governor Urjit Patel, at the RBI headquarters after the announcement of a 0.25% rate hike by the central bank, in Mumbai on Wednesday, June 06.(PTI Photo)
RBI Governor Urjit Patel, at the RBI headquarters after the announcement of a 0.25% rate hike by the central bank, in Mumbai on Wednesday, June 06.(PTI Photo)

RBI decision to hike interest rates was an ‘appropriate step’: IMF

Press Trust of India, Washington | By Press Trust of India
UPDATED ON JUN 08, 2018 01:02 PM IST
In the context of rising inflation and additional upside risks due to higher oil prices, exchange rate depreciation and other domestic factors, the IMF thinks that this was an appropriate step by the RBI, said the spokesman for IMF.
India’s GDP is expected to breach the psychological $2.5 trillion barrier for the first time in 2017, making it the sixth largest economy in the world(Reuters)
India’s GDP is expected to breach the psychological $2.5 trillion barrier for the first time in 2017, making it the sixth largest economy in the world(Reuters)

Why becoming a $2.5-trillion economy will not be enough for India

HHindustan Times | By HT Correspondent
UPDATED ON APR 26, 2018 01:35 PM IST
Thanks to our large population, India is still a laggard when it comes to per capita GDP levels in the world. India also does much worse compared to many smaller countries on the Human Development Index, which takes into account life expectancy at birth and average years of schooling into account. All this means that average living standards of the people continue to be low.
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/Files(Reuters File)
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/Files(Reuters File)

India’s forex reserves at a life-time high of $426.082 billion

Press Trust of India, Mumbai | By Press Trust of India, Mumbai
PUBLISHED ON APR 20, 2018 10:10 PM IST
India’s forex reserves expanded by $1.217 billion to 426.082 billion in the week to 13 April, RBI has said.
The International Monetary Fund kept its forecast of India’s growth unchanged at 7.4% in 2018 and 7.8% in 2019. India displaced France to take the sixth spot, though the European nation is expected to close the gap with a narrow margin.(Bloomberg)
The International Monetary Fund kept its forecast of India’s growth unchanged at 7.4% in 2018 and 7.8% in 2019. India displaced France to take the sixth spot, though the European nation is expected to close the gap with a narrow margin.(Bloomberg)

India is world’s sixth largest economy at $2.6 trillion, says IMF

Hindustan Times, Washington | By Yashwant Raj, Washington
UPDATED ON APR 19, 2018 10:40 AM IST
India is now the world’s sixth largest economy, displacing France. The five economies ahead are the United States, China, Japan, Germany and United Kingdom.
International Monetary Fund a return to a gradual path of growth-friendly fiscal consolidation is desirable to create fiscal space in India.(Reuters File Photo)
International Monetary Fund a return to a gradual path of growth-friendly fiscal consolidation is desirable to create fiscal space in India.(Reuters File Photo)

India must fully implement GST to avoid tax revenue underperformance: IMF

Press Trust of India, Washington | By Press Trust of India
PUBLISHED ON APR 18, 2018 07:40 PM IST
IMF said fiscal consolidation was paused in fiscal year 2017/18 as the Indian economy recovered from disruptions related to demonetisation and the rollout of GST.
IMF kept its growth projections for India unchanged at 7.4% for 2018-19.(AFP File Photo)
IMF kept its growth projections for India unchanged at 7.4% for 2018-19.(AFP File Photo)

IMF, World Bank optimistic about India’s growth rate

Hindustan Times, New Delhi/Washington | By Asit Ranjan Mishra and Yashwant Raj
UPDATED ON APR 17, 2018 11:16 PM IST
In its bi-annual World Economic Outlook, IMF kept its growth projections for India unchanged at 7.4% for 2018-19 and 7.8% for 2019-20.
The IMF, in its latest World Economic Outlook, kept its 2018 and 2019 global growth forecasts unchanged at 3.9% for both years after upgrades in January.(Reuters File Photo)
The IMF, in its latest World Economic Outlook, kept its 2018 and 2019 global growth forecasts unchanged at 3.9% for both years after upgrades in January.(Reuters File Photo)

IMF forecasts global growth at 3.9%, says will soften in the next couple of years

Reuters | By Reuters
UPDATED ON APR 17, 2018 07:09 PM IST
IMF’s World Economic Outlook said advanced economies would be “held back by aging populations and lackluster productivity.”
India’s high public debt and recent failure to achieve the budget’s deficit target call for continued fiscal consolidation into the medium term to further strengthen fiscal policy credibility, the IMF World Economic Outlook report said.(AFP Photo)
India’s high public debt and recent failure to achieve the budget’s deficit target call for continued fiscal consolidation into the medium term to further strengthen fiscal policy credibility, the IMF World Economic Outlook report said.(AFP Photo)

IMF says India to grow at 7.4%, cites recovery from demonitisation, GST

Hindustan Times, Washington | By Yashwant Raj
UPDATED ON APR 20, 2018 06:01 PM IST
With growth picking up after falling sharply in the second quarter of 2017 due to “one-off factors”, India in 2018 and 2019 would re-emerge as one of the fastest growing major economies, IMF said.
Subhash Garg, as economic affairs secretary, is the “alternate governor” for India on the IMF’s board of governors(Mohd Zakir/HT PHOTO)
Subhash Garg, as economic affairs secretary, is the “alternate governor” for India on the IMF’s board of governors(Mohd Zakir/HT PHOTO)

Finance secretary Garg leads India team to WB-IMF spring meetings

Hindustan Times, Washington | By Yashwant Raj, Washington
UPDATED ON APR 16, 2018 11:13 PM IST
The World Bank-International Monetary Fund spring meetings is taking place amid fears of a trade war between the United States and China.
Women participate in a march demonstrating the “Urgent Need to Pass Women's Reservation Bill in Winter Session of Parliament” in New Delhi in December 2017(Arvind Yadav/HT PHOTO)
Women participate in a march demonstrating the “Urgent Need to Pass Women's Reservation Bill in Winter Session of Parliament” in New Delhi in December 2017(Arvind Yadav/HT PHOTO)

India needs a lot more women in its legislatures and Parliament

By Barkha Deva
UPDATED ON APR 24, 2018 06:09 PM IST
While growth is crucial for the country, in itself it’s not going to be enough to tackle the alarming levels of inequality, the other big challenge facing us today. Especially as our demographic dividend matures and faces the realities of limited opportunities and too many claimants.
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