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India's Current Foreign Exchange Reserves: $311.427 billion

October 12, 2014

India’s forex reserves continued their downward journey for the fifth consecutive week, India’s foreign exchange reserves plunged by $2.754 billion to $311.427 billion in the week to October 3. The largest fall is seen in US currency assets which make ..

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World Bank projects 5.7% growth for India in 2014-15

April 15, 2014

The World Bank has projected an economic growth rate of 5.7% in 2014-15 for India. World Bank projected an acceleration of growth (factor costs) in FY 2014 to 4.8%, further increase to 5.7% in FY 2015 Rationale: This growth rate was projected ..

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G-20 pushes USA to ratify IMF reforms by the year end

April 14, 2014

G-20 has conveyed its dashing hopes at the stretched out delay over International Monetary Fund’s (IMF) quota and governance reforms agreed to in 2010 and the 15th General Review of Quotas (GRQ) including a new quota formula that would impart emerging ..

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India saved Rs 14,000 cr as US refuses higher IMF quota

January 22, 2014

The US Congress has not approved International Monetary Fund (IMF) reforms because it has refused to ratify a capital increase for the fund which was agreed to four years ago. (In 2010, the United States of America agreed to double ..

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UNCTAD forecasts India's growth at 5.2% in 2013

September 14, 2013

As per the Trade and Development Report 2013 released by the United Nations Conference on Trade and Development (UNCTAD), Indian economy is likely to grow at 5.2% in 2013 calendar year on account of rising domestic demand. UNCTAD’s India growth ..

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IMF approves 1.7 billion euro bail out to Greece

July 31, 2013

The International Monetary Fund (IMF) approved 1.72 billion Euros bail out to Greece after reviewing the country’s performance under the international rescue program. This payout means Greece has received around 8.24 billion Euros from the IMF under the bailout coordinated with the European ..

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IMF warns Asia of "Middle Income Trap" and asset bubble

May 2, 2013

The International Monetary Fund (IMF) has indicated that a number of Asian countries are potentially susceptible to the “middle-income trap” and asset bubble Asian emerging economies need to guard against asset bubbles and they must improve government institutions and liberalize rigid ..

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Direct cash through Aadhaar to save 0.5% of GDP for India: IMF

May 2, 2013

International Monetary Fund  quoted that integration of direct cash transfer with Aadhaar will take time but the scheme will help Indian government save 0.5 per cent of the GDP. Benefits Better targeting of spending on the poor Indian government save ..

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Turkey will no longer be indebter to IMF

April 29, 2013

Turkey Treasury would close the debt chapter with IMF (International Monetary Fund) by refunding USD 422.1 million of capital as part of its 19th Stand-by on May 14, 2013. This will end Turkey’s 52 years long indebter category from IMF. IMF ..

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Indian economy likely to grow by 5.7% in 2013: IMF

April 19, 2013

International Monetary Fund (IMF) in its latest release of the World Economic Outlook (WEO) slashed the economic growth projection of India to 5.7% for the calendar year 2013, from its earlier prediction of 5.9%. IMF slashed the global outlook to ..

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