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IMF, International Monetary Fund, Christine Lagarde, india economy, indian express news

Indian economy on ‘very solid track’, says IMF chief Christine Lagarde

Describing the two major recent reforms in India -demonetisation and Goods and Services Tax (GST) – as a monumental effort, Lagarde said it is hardly surprising that there “is a little bit of a short-term slowdown” as a result.

IMF chief says Indian economy on ‘solid track’

IMF chief Christine Lagarde described demonetisation and the rolling out of GST as a “monumental effort” and said it is hardly surprising that here “is a little bit of a short-term slowdown” as a result.

Arun jaitley, Gold, gold price, Gold trade, Arun jaitley gold trade, MCX, Silver, Copper, Dhanteras, Dhanteras 2017, Diwali 2017, diwali, India news,

India carried out structural reform at the right time, says Finance Minister Arun Jaitley

The Indian government has, however, received support from top leaders of the International Monetary Fund (IMF) and the World Bank who have called the slowness in recent Indian growth rate “an aberration” and a short-term one.

Indian Economy news, IMF and Indian Economy, reforms for Indian Economy, IMF suggestion for reforms, IMF reforms for India, Indian Banking secotr, weakness in Indian Economy, Indian Banking sector, infrastructure in India, Infrastructure reforms for India, India news, business news, India Business news

IMF not endorsing Universal Basic Income in India: Official

The reports of IMF pushing for UBI, in place of Public Distribution System (PDS), emerged after the IMF, in its annual Fiscal Monitor report, said the UBI will outperform the PDS in terms of coverage, progressivity, and generosity.

Indian Economy news, IMF and Indian Economy, reforms for Indian Economy, IMF suggestion for reforms, IMF reforms for India, Indian Banking secotr, weakness in Indian Economy, Indian Banking sector, infrastructure in India, Infrastructure reforms for India, India news, business news, India Business news

India’s economic slowdown due to demonetisation, GST; need structural reforms: IMF

“First priority is to address the corporate and banking sector weaknesses, by accelerating the resolution of non-performing loans, rebuilding the capital buffers for the public sector banks, and enhancing banks’ debt recovery mechanisms,” said Kenneth Kang.

IMF, International Monetory Fund, China, US, India, inequality, world news, Indian express news

Inequality increased in China, India and US: IMF

Investments in education and health help reduce income inequality over the medium term, address persistent poverty across generations, enhance social mobility, and ultimately promote sustainable and inclusive growth, the IMF official said.

IMF, World Bank, Narendra Modi, Economic Advisory Council, Economic Advisory Council to PM, Rathin Roy, EAC Rathin Roy, growth, RBi, economic growth, Indian express news

PM Modi’s advisory council member questions IMF, WB growth outlook

While the International Monetary Fund (IMF) has lowered India’s growth forecast for the current fiscal by 0.5 percentage points to 6.7 per cent, the World Bank has pegged economic expansion at 7 per cent, down from 7.2 per cent projected earlier.

IMF, International Monetory Fund, China, US, India, inequality, world news, Indian express news

IMF lowers India’s growth forecast over demonetisation, GST

“In India, growth momentum slowed, reflecting the lingering impact of the authorities’ currency exchange initiative as well as uncertainty related to the midyear introduction of the country-wide Goods and Services Tax,” the IMF said.

G-20 summit, G-20, G-20 economies, IMF,

IMF urges G-20 leaders to avoid ‘myopic’ trade policies

In a pointed message before US President Donald Trump’s first G20 summit in Hamburg, Germany later this week, the IMF said in an economic briefing note to the leaders that a rules-based and open trading system was vital for world prosperity.

IMF to participate for ‘last time’ in Greek bailout, says German Finance Minister Schaeuble

After participating in two previous international loans to save Greece from bankruptcy, the IMF is still set to take part in a third bailout.

Greece debt, Eurozone, IMF, IMF Eurozone meet, IMF chief, Eurozone finance ministers, Greece bankruptcy

Greece seeks bailout, debt breakthroughs

IMF chief Christine Lagarde and the eurozone’s 19 finance ministers meet in Luxembourg with hopes riding high that the talks will secure the release of the latest tranche of Greece’s 86-billion euro (USD 97 billion) bailout agreed in 2015.

Ukraine parliament, Ukraine parliament extends self rule by one year, Ukraine news, World news

IMF sets tough new Ukraine loan demands

Overall, Ukraine has received USD 8.3 billion from the IMF since the package was approved in February 2015

G-20 summit, G-20, G-20 economies, IMF,

India to grow at 7.7 per cent in 2018-19: IMF

According to the report, in India, improving productivity in the agriculture sector, which is the most labour-intensive sector and employs about half of Indian workers, remains a key challenge.

G-20 summit, G-20, G-20 economies, IMF,

IMF team in Cairo to review second instalment of $12-billion loan

Egypt agreed the three-year programme with the IMF in November, after floating its Egyptian pound currency

imf, international monetary fund, IMF deputy chief, IMF Min Zhu, Min Zhu IMF, Min Zhu iMF news, world news, latest news, business news

IMF Deputy Managing Director Min Zhu to leave Fund in July

Prior to joining the Fund in 2010 as a special advisor to the managing director, Zhu had served as deputy governor of the People’s Bank of China.