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IMF says UK risks self-reinforcing economic slide after Brexit

The International Monetary Fund said Britain risks falling into a self-reinforcing cycle of weaker economic growth and lower house and share prices if voters opt to leave the European Union next month.

Read more: Brexit, IMF, uk
india economy, india economic growth, raghuram rajan, rbi rajan, india labour market, Business news, india news, rbi inflation, raghuram rajan inflation, latest news

RBI Governor Raghuram Rajan questions feasibility of ‘helicopter money’ policy

So far a hypothetical monetary policy, it is being debated to spur spending and boosting economic growth in times of near-zero interest rates and ultra-low or negative inflation.

Read more: IMF, Raghuram Rajan, RBI
Greek Prime Minister Alexis Tsipras attends a parliamentary session before a vote of tax and pension reforms in Athens, Greece, May 8, 2016. REUTERS/Alkis Konstantinidis     TPX IMAGES OF THE DAY

Greek debt deal would ‘end six years of darkness’: Tsipras

EU ministers are likely to expect further commitments by Greece on faster privatisation and a hike in indirect taxes before they approve a deal.

Read more: Alexis Tsipras, EU, Greece, IMF

India tells IMF that its next chief should be from an emerging country

India has supported Christine Lagarde’s second tenure as there was no other candidate this time

IMF, India, economy, IMF indian economy, IMF india economy, IMF Indian economy forcast, IMF india economy growth, business news

India’s growth spillover unlikely outside South Asia: IMF

India is the fastest growing emerging economy in the world, with growth rates at 7.5 per cent both in 2016-17, said Changyong Rhee, director Asia and Pacific Department, IMF.

Read more: IMF
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PM Modi at IMF summit: India is a ray of hope for global economic recovery

Modi said many knowledgeable people have said that the 21st century is and shall remain the Asian Century, where India has a special place.

arun jaitley, OROP, seventh pay commission, finance ministry, budget 2016, fiscal consolidation, finance news, economy news

Need to keep reform momentum going, says Arun Jaitley at IMF event

Jaitley was speaking at the inaugural address of the three-day ‘Advancing Asia- Investing for Future’ conference organised by the finance ministry and the International Monetary Fund.

Pitching for reforms in fuel subsidies, a top IMF official said they are 'not only extensive but actually regressive'. Reuters

IMF projects 7.3% growth rate for India this fiscal

The agency’s protections are lower than the government’s estimate of 7.6 per cent growth in 2015-16 while Reserve Bank sees economy expanding by 7.4 per cent this fiscal.

Read more: IMF
IMF, IMF reforms, Modi, Narendra Modi, India at G20, G20, G20 summit, G20 India, G20 IMF Reforms, IMF Reforms India, India news, World News

G20 endorses India’s concerns over delays in implementation of IMF reforms

Prime Minister Narendra Modi had expressed hope, earlier in the day, that the US would ratify the quota reforms of the International Monitoring Fund, a key demand of the developing countries.

world bank report, china economy, india jobs, india jobs world bank, world bank jobs report, india news, business news, latest news

In fact: India’s dealings with World Bank, IMF conditions

In 2008, India had to drop a proposal to borrow after China objected to a Rs 11,000 crore loan to strengthen electricity distribution and transmission in Arunachal Pradesh and Sikkim.

Read more: IMF, RBI, World Bank
raghuram rajan, RBI rate cut, RBI repo rate, raghuram rajan RBI, business news, repo rate cut, india news, latest news

Financial inclusion: Rajan reiterates his Lima stance

The RBI governor sounded a similar note of caution in Lima, Peru, a week ago on the sidelines of an IMF-World Bank meet.

rbi, rbi rate cut, repo rate cut, rbi repo rate cut, rbi governor raghuram rajan, rbi basis point cut, rbi loan rate cut, rbi news, reserve bank of india, business news, economy news, indian economy, indian express news

Hasten slowly

Investments in the real economy are needed to ensure financial inclusion is for real.

Read more: IMF, raghuram ranjan, RBI
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India to grow at 7.5 per cent in 2016, faster than China: IMF

According to the report, in India, inflation is expected to decline further in 2015, reflecting the fall in global oil and agricultural commodity prices.

Read more: IMF
nepal economy, international monetary funf, IMF nepal economy, nepal new constitution, nepal protest, Nepal madhesi, nepal eathquake, nepal government, nepal news, latest news,

IMF predicts a down slide in Nepal’s economy amid protests and earthquake aftermath

Losses in agricultural production and damage to transport systems further pushed up prices, raising inflation to about 7 per cent, the IMF said in a statement after the conclusion of its latest mission to the Himalayan country.

Read more: IMF, Nepal economy
Greece bailout, greece, greece debt, IMF, EU, Alexis Tsipras, Pierre Moscovici, international news, news

Greek Parliament approves second package of reforms

European Economic and Monetary Affairs Commissioner Pierre Moscovici told reporters in Brussels he was confident the parliament would adopt the bill.