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India’s economy grew 66% in last decade: PM Modi at post-Budget webinar

PM Modi announced India's economy grew 66% in a decade, aiming for a $5 trillion economy, while focusing on education, skills, and healthcare advancements.

Prime Minister Narendra Modi addresses a post-budget webinar on boosting job creation virtually in New Delhi on Wednesday. (ANI)
Published on Mar 06, 2025 06:52 AM IST
ByAbhishek Angad, New Delhi

Argentina's Milei praises Trump plan for reciprocal tariffs

Argentina's Milei praises Trump plan for reciprocal tariffs

Argentina's Milei praises Trump plan for reciprocal tariffs
Published on Feb 23, 2025 05:13 AM IST
AFP |

Horst Koehler, German ex-president and IMF chief, dead at 81

Horst Koehler, German ex-president and IMF chief, dead at 81

Horst Koehler, German ex-president and IMF chief, dead at 81
Published on Feb 01, 2025 08:05 PM IST
AFP |

Cash-strapped Pakistan won't impose more taxes this year: Report

Pakistan's Prime Minister Shehbaz Sharif is facing public criticism for raising taxes and energy costs to meet the conditions of the IMF loan package

Pakistan's tax revenue goal is of 13 trillion rupees ($47 billion) for the financial year ending in June 2025(Representational Image/Pixabay)
Published on Nov 18, 2024 04:48 PM IST

What US elections mean for India’s energy security

Whether a pro-fossil fuel Trump or clean-energy focussed Harris wins the US elections, India has the opportunity to gain from either scenario

US Vice President and Democratic presidential candidate Kamala Harris makes the gesture of a phone with her hand as she speaks during a
Published on Nov 02, 2024 07:26 PM IST

Pakistan's bid to privatise debt-ridden airline gets offer of just $36 million

Pakistan International Airlines has around 7,100 employees, with over 2,400 working on a daily wage basis

A Pakistan International Airlines (PIA) passenger plane(Reuters file)
Published on Nov 01, 2024 07:00 PM IST

Pakistan aims to privatize flag carrier in November: Finance Minister

Pakistan aims to privatize flag carrier in November: Finance Minister

Pakistan aims to privatize flag carrier in November: Finance Minister
Published on Oct 24, 2024 06:06 AM IST
AFP |

Russia calls on BRICS partners to create alternative to IMF

BRICS-RUSSIA/IMF (CORRECTED):CORRECTED-Russia calls on BRICS partners to create alternative to IMF

Russia calls on BRICS partners to create alternative to IMF
Published on Oct 14, 2024 07:17 PM IST
Reuters |

Pakistan economy grows faster than expected buoyed by IMF loan, lower rates

Pakistan's economy grew 3.07% last quarter, surpassing forecasts due to IMF funds and lower interest rates.

Pakistan's GDP rose 3.07% in the last quarter, aided by IMF funds and lower borrowing costs. The government anticipates 3.6% growth by June 2025, with strong agricultural performance and easing inflation contributing to recovery.(AFP)
Published on Oct 01, 2024 10:13 AM IST
Bloomberg |

Rajnath Singh says ‘India would’ve given larger bailout package to Pakistan if…'

Rajnath Singh said Centre gives money to Jammu and Kashmir for development while Pakistan has been misusing financial aid for a long time

Defence minister Rajnath Singh.(PTI)
Updated on Sep 29, 2024 04:12 PM IST
By | Edited by

Twists and turns in a pipeline

This article is authored by Tara Kartha, director (R&A), Centre for Land Warfare Studies, New Delhi.

A picture from Gwadar, the port city in Pakistan.(Bloomberg)
Published on Sep 11, 2024 03:04 PM IST

Sri Lanka's key inflation rate falls to 0.5% in August

SRI LANKA-ECONOMY/INFLATION (UPDATE 1):UPDATE 1-Sri Lanka's key inflation rate falls to 0.5% in August

Sri Lanka's key inflation rate falls to 0.5% in August
Published on Aug 30, 2024 05:25 PM IST
Reuters |

Egypt hikes electricity prices for households by up to 50%: Report

The latest hike was due to take effect earlier in the summer but was delayed as the country grappled with power shortages.

Egypt hikes electricity prices for households by up to 50%: Report
Published on Aug 20, 2024 12:54 AM IST
Reuters |

IMF approves $71 million for junta-led Niger

IMF approves $71 million for junta-led Niger

IMF approves $71 million for junta-led Niger
Published on Jul 18, 2024 02:01 AM IST
AFP |

IMF raises India’s FY25 growth forecast upward to 7%

IMF raises India's growth forecast for FY25 to 7 per cent, expects 6.5 per cent growth in FY26.

A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting.(Reuters)
Updated on Jul 16, 2024 07:33 PM IST
By | Edited by

RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP

On the Indian economy, RBI said that the outlook remains bright owing to sustained strengthening of macroeconomic fundamentals.

In FY23, RBI's balance sheet stood at <span class='webrupee'>₹</span>63.44 lakh crore. It has now increased to 24.1 per cent of India's GDP at end of March 2024.
Updated on May 30, 2024 01:19 PM IST
By | Edited by

IMF raises China's 2024 growth forecast to 5%

China should continue with economic reforms to boost productivity, level the playing field among all types of firms, IMF said.

 A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting  in Nusa Dua, Bali, Indonesia.(Reuters)
Published on May 29, 2024 08:29 AM IST
Reuters |

Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Pakistan is seeking a USD 6 billion to USD 8 billion bailout package from the global lender for three to four years, to deal with its financial crisis,

The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.(AFP)
Published on May 18, 2024 02:56 PM IST
ANI |

Brazil urges additional aid after $10 Billion plan to combat floods

The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul.

Military personnel help people crossing a boat from Arroio do Meio to Lajeado, over the Forquilha river(AFP)
Published on May 17, 2024 12:21 AM IST
Bloomberg |

‘Artificial intelligence hitting labour forces like a tsunami’: IMF chief

Artificial intelligence is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world in the next two years, Georgieva said.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF).(Bloomberg)
Published on May 14, 2024 01:45 AM IST
Reuters |

IMF says its mission will visit Pakistan this month to discuss new loan

PAKISTAN-ECONOMY/IMF:IMF says its mission will visit Pakistan this month to discuss new loan

IMF says its mission will visit Pakistan this month to discuss new loan
Updated on May 05, 2024 06:31 PM IST
Reuters |

IMF approves final $1.1 billion tranche for Pakistan's bailout package

Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after the current standby arrangement expires this month.

The funding is the second and last tranche of a $3 billion standby arrangement with the IMF (Reuters/File)
Published on Apr 30, 2024 05:56 AM IST
Reuters |

Saudi Arabia Needs Oil Price Near $100, IMF Says

Saudi Arabia will need a higher oil price than previously thought this year as the OPEC leader spearheads the group’s production cuts, according to the International Monetary Fund.

Saudi Arabia Needs Oil Price Near $100, IMF Says
Published on Apr 19, 2024 11:22 AM IST
Bloomberg |

IMF chief urges attention to war-ravaged Yemen, Sudan

IMF chief urges attention to war-ravaged Yemen, Sudan

IMF chief urges attention to war-ravaged Yemen, Sudan
Published on Apr 18, 2024 10:22 PM IST
AFP |

IMF ready to support Sri Lanka's discussions with bondholders

Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program.

Sri Lanka, which declared its first-ever debt default in April 2022, had secured an IMF bailout agreement of USD 2.9 billion over four years by the last quarter of 2022. (Reuters/File)
Published on Apr 18, 2024 11:04 AM IST
Reuters |

India is 'one of the strong performers': IMF

With this, India continues to be the fastest growing economies of the world and ahead of China’s growth projection of 4.6 per cent during the same period.

At the same time, growth in emerging and developing Asia is expected to fall from an estimated 5.6 per cent in 2023 to 5.2 per cent in 2024 and 4.9 per cent in 2025. (File)
Published on Apr 17, 2024 02:18 AM IST
PTI |

IMF changes lending rules to speed up debt restructuring

The board on April 9 approved reforms in five policy areas “which should ensure a smoother and speedier process in the future”, the fund said in a statement.

A major hurdle for those approaches has been receiving “financing assurances” from creditors, which are key to unlocking IMF aid. (AP)
Updated on Apr 17, 2024 02:12 AM IST
Bloomberg |

IMF projects India's 2024 growth at 6.8%, remains fastest-growing major economy

IMF raises India's growth forecast to 6.8 per cent, citing strong domestic demand and young workforce.

IMF raises India's growth projection to 6.8% in 2024(AFP File Photo)
Updated on Apr 16, 2024 07:45 PM IST

All eyes on Spring Meetings this week as climate crisis intensifies

UN Climate Chief Simon Stiell emphasised last week that the World Bank’s Spring Meetings, from April 17-19, will be crucial in addressing significant gaps in climate finance

MDBs are the primary channels for climate finance to developing countries (AFP)
Updated on Apr 15, 2024 06:12 AM IST
ByJayashree Nandi, New Delhi

IMF Sees Growth Edging Higher But Still Warns of ‘Tepid Twenties’

The International Monetary Fund hinted it will nudge its global growth forecasts slightly higher, while warning that the world economy still risks a “Tepid Twenties” this decade if inflation and debt challenges aren’t addressed.

HT Image
Published on Apr 11, 2024 09:14 PM IST
Bloomberg |
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