Mike Pompeo
Shift in Global Dynamics: US Dollar Witnesses Decline in Dominance
While the US dollar remains the dominant reserve currency globally, the euro comes second, with its share sliding to 19.6%. The Japanese yen's proportion of world reserves grew slightly to 5.5%, while the Chinese yuan, British pound, Canadian dollar, and Swiss franc saw minimal changes in their shares.
India's Growth Rate Expected to Remain Strong, Current Account Deficit Set to Decline: IMF Report
The IMF Directors commend India's prudent policies, economic performance, and call for sustained stability and key structural reforms to unlock the country's potential.
Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu
This was stated by the finance ministry's economic review for September 2023. "Strong private consumption demand has been a major driver of India’s economic growth in the recent period," the review released on Monday said. In addition, it said that at least two additional drivers of growth have emerged, the first is the gradual strengthening of investment demand.
Despite global headwinds, RBI goes ahead of IMF, pegs growth at 6.5%
Unveiling the bi-monthly monetary policy review, RBI Governor Shaktikanta Das said on October 6 that the domestic economy exhibits resilience on the back of strong demand.
Sitharaman calls for collective action for shared problems of IMF financial committee's member nations
Sitharaman, who attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) in Marrakech, Morocco to discuss the priorities identified in IMF MD’s Global Policy Agenda, said this during her intervention.
Creditable! Buoyed by positivity on GDP, banks expect steady credit growth
The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) to grow at 6.5 per cent in Financial Year (FY) 24.
Market sentiments get a boost after IMF raises GDP target
At close on Wednesday, Nifty was up 0.62 per cent or 121.5 points at 19,811.35, while Sensex settled at 66,473.05, up 394 points or 0.60 per cent.
Coal production rose 16% year-on-year to 67.21 mn tonnes in Sep
The production of Coal India Limited (CIL) rose to 51.44 million tonnes in September 2023 as against 45.67 million tonnes in September 2022, thus recording a growth of 12.63 per cent.
IMF raises India's GDP growth projection to 6.1% in 2023-24
However this projection by IMF is still lesser than the 6.5 per cent growth projected by RBI for 2023-24. The IMF has also cautioned that persistent challenges could impact the medium term outlook.
Pakistan stock market jumps on hopes of IMF loan revival
The benchmark index rose 1245.32 points as the market anticipates that Pakistan can revive the stalled IMF loan to avoid a sovereign default, Geo News reported. Saad Ali, a capital market expert said the revised budget had revived hopes among the market stakeholders after the government added fresh taxes to the Finance Bill 2023-24, Geo News reported.
Advertisement