Indian Foreign Exchange Reserves increased by $2.063 billion

The data from the Reserve Bank of India (RBI) shows that the Foreign Exchange Reserves of India increased by $2.063 billion to $400.24 billion in the week to February 1. The foreign exchange reserves had increased by USD 1.497 billion ..

Month: Current Affairs - February, 2019

Pravasi Bharatiya Samman Awards 2019

President Ram Nath Kovind conferred Pravasi Bharatiya Samman Awards 2019 to 30 awardees. The awards were conferred during the Pravasi Bharatiya Divas being held at Varanasi. The winner of this prestigious award includes Gita Gopinath chief economist of IMF, Nihal ..

IMF growth Prospects for India: Key Facts

The World Economic Outlook of the International Monetary Fund (IMF) has given the following prospects about the growth trends for India: IMF has retained its growth projection for the country at 7.5 per cent for 2019-20 and said it is likely ..

Month: Current Affairs - January, 2019

Policy Priorities proposed in World Economic Outlook to arrest the Downward Growth Trend

The International Monetary Fund in its World Economic Outlook has suggested various policy measures to arrest the downward growth trend. They are: Resolving cooperatively and quickly the trade disagreements which may derail the global trade and addressing the resulting policy ..

Month: Current Affairs - January, 2019

World Economic Outlook Report: Key Facts

The International Monetary Fund has released the global wealth forecasts for 2019 in its World Economic Outlook report. The important findings of the IMF forecast are: IMF cut its estimate for global growth in 2019. World Economic Outlook (WEO) projecting ..

Month: Current Affairs - January, 2019

Indian-American Gita Gopinath appointed as Chief Economist of IMF

India-born economist Gita Gopinath was appointed Chief Economist of International Monetary Fund (IMF). She will take over as IMF chief economist after Maurice Obstfeld retires in December 2018. It makes her second Indian after former RBI governor Raghuram Rajan to ..

Month: Current Affairs - October, 2018

IMF, World Bank and WTO launch Reinvigorating Trade and Inclusive Growth Report

International Monetary Fund (IMF), World Bank and World Trade Organization have collectively launched report “Reinvigorating Trade and Inclusive Growth”. In this report all three international organisations have sought liberalisation of global service sector, asserting that barriers to these services trade ..

Month: Current Affairs - October, 2018

IMF forecasts 7.3% GDP growth for India in 2018-19 and 7.5% in 2019-20

The International Monetary Fund (IMF) in its report has projected India’s GDP growth 7.3% in the 2018-19 fiscal and 7.5% in 2019-2020 on strengthening of investment and robust private consumption. India’s near-term macroeconomic outlook for India is broadly favourable. Key ..

Month: Current Affairs - August, 2018

IMF cuts India's growth forecast for 2018 to 7.3%

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) update has projected growth rate of 7.3% in 2018 and 7.5% in 2019 for India as against 6.7% in 2017. This makes India, fastest growing country among major ..

Month: Current Affairs - July, 2018

India to grow 7.4% in 2018: IMF's Asia & Pacific Regional Economic Outlook report

The International Monetary Fund (IMF) in its Asia and Pacific Regional Economic Outlook report has reaffirmed that India will be the fastest growing major economy in 2018, with growth rate of 7.4% and 7.8% in 2019. Key Facts India’s medium-term ..

Month: Current Affairs - May, 2018