Wednesday, September 22, 2021
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International Monetary Fund

Editorial: India’s recovery derails

Rising unemployment and plunging demand have once again turned the spotlight on the gloomy urban economy

Air of optimism

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

UN expects India’s economy to recover by 7.3% this calendar year

India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.

Long road to recovery

Centre must increase public spending to stimulate demand and strengthen growth momentum

Forex reserves touch life-time high

In the previous week ended October 9, 2020, the reserves had increased by $5.867 billion to reach $551.505 billion

India awaits another stimulus

The fiscal support must tilt towards more direct spending and tax relief

‘World experiencing one of the deepest recessions since Great Depression’

World Bank President David Malpass welcome countries that are keeping open their export markets, and also countries that are able to change their subsidy systems in order to allow more food availability.

New lockdowns from, China to Europe as virus trials stumble

The virus is still spreading rapidly worldwide, with over one million deaths and 37 million infections.

Indian economy to contract by 10.3 per cent in 2020: IMF

India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, IMF said

World economy in deep recession: IMF

IMF says growth to be -4.4 per cent in 2020 due to the impact of the coronavirus pandemic

IMF vows not to put ‘pressure’ on Argentina over loan

Argentina is hoping to renegotiate repayments on the debt agreed in 2018 under previous president Mauricio Macri.

Saudi-Pak ties on a cold turn

As the India-Saudi Arabia friendship begins to blossom, the all-weather bond between Pakistan and Saudi Arabia is becoming bitter

Forex reserves hit all-time high

In the previous week ended Jun 26, the reserves had increased by $1.27 billion to $506.84 billion.

Forex reserves up by $1.27 bn to $506.84 bn

In the previous week ended June 19, the reserves had dipped by $2.08 billion to $505.57 billion.

Gold at new high amid rising Covid cases

Futures of the yellow metal touched a fresh record high on the Multi-Commodity Exchange (MCX) as it reached Rs 48,420 per 10 gram on Wednesday

Forex reserves touch life-time high

The foreign currency assets, a major component of the overall reserves, rose by $5.106 billion to $468.737 billion.

Forex reserves soar to record high of $490.04 bn

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

IMF chief urges halting of bank dividends, buybacks

In an opinion piece published on the Financial Times on Thursday, the IMF chief said even though the resilience of the financial system has been significantly strengthened after the 2008 financial crisis

Taxpayers’ money should not be used to subsidise fossil fuels: UN Chief

"I am calling on Governments to ensure that spending to revitalise economies should accelerate the decarbonisation of all aspects of our economy and privilege the creation of green jobs."

 Egypt seeks aid from International Monetary Fund amid virus downturn   

The government has imposed harsh austerity measures in recent years to try to reduce its deficit, including cutting subsidies on fuel and electricity.   

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