New Delhi: IMF has projected 5.8 per cent economic growth for India in this fiscal 2013-14 and said pace of investment in infrastructure should increase to get back to 8 per cent expansion level.
"We are forecasting India to grow at about 5.8 per cent this fiscal (2013-14) and 6.3 per cent in 2014-15. This compares to an average growth rate of 8.7 per cent for the five years prior to the global financial crisis," IMF Deputy
Managing Director Naoyuki Shinohara said during an event here on Wednesday....
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08:55 PM, May 01, 2013
New Delhi: World Bank on Tuesday scaled down India's growth forecast to 6.1 per cent for the current fiscal from 7 per cent projected six months ago. The decline in the growth forecast is largely due to the decline in agriculture sector which is expected to grow at 2 per cent during 2013-14 against the previous estimate of 2.7 per cent despite normal monsoon projection. However, the multi-lateral funding agency...
01:39 PM, Apr 30, 2013
Washington: The global economy might have avoided the worst but it is by no means out of the woods, the International Monetary Fund said on Saturday adding that emerging markets face the risk of avoiding potential financial excesses and as such they should rebuild macroeconomic policy space and further strengthen financial regulation and supervision. "Emerging markets face the new risk of avoiding potential financial excesses. They should rebuild macroeconomic policy...
11:55 PM, Apr 20, 2013
Washington: The International Monetary Fund has announced that it is recognising Somalia's new government after a 22-year break in relations with the once-chaotic country, part of a general push by the United States, United Nations and the West toward encouraging rehabilitation there. The US formally recognised the African nation's new government in January the first time the US had recognised a Somali government since 1991, when warlords overthrew longtime dictator...
10:30 AM, Apr 13, 2013
Washington: Asserting that inflation is likely to remain stable as the recovery strengthens, the International Monetary Fund has said fears about high inflation should not prevent monetary authorities from pursuing highly accommodative monetary policy. "With long-term inflation expectations firmly anchored, inflation is also likely to remain stable as the recovery strengthens-the dog has been muzzled and is unlikely to bark. Therefore, fears about high inflation should not prevent monetary authorities...
07:41 PM, Apr 09, 2013
Thiruvananthapuram: Liquor sales touched an all-time high in Kerala at Rs 8,841 crore for fiscal 2012-13, show figures. Figures provided by the sole wholesaler of Indian Made Foreign Liquor (IMFL) and beer, the state-owned Kerala State Beverages Corporation (KSBC), shows that the overall sales jumped from Rs 7,860 crore in 2011-12 to a record Rs 8,841 crore in the last fiscal (2012-13). "By way of taxes, the state government got...
02:34 PM, Apr 06, 2013
Cypriot President Nicos Anastasiades embarked on last-minute crisis talks with international lenders on Sunday in an attempt to save the Mediterranean island from financial meltdown. ...
07:05 AM, Mar 25, 2013
French authorities searched the Paris apartment of IMF chief Christine Lagarde on Wednesday in an investigation into her award of a 2008 arbitration payment to a businessman supporter of former president Nicolas Sarkozy, her lawyer said. ...
06:01 AM, Mar 21, 2013
A total of 255 companies of Central Armed Paramilitary Forces (CAPF) have been deployed for smooth conduct of the February 23 Nagaland Assembly elections, a senior official said. ...
03:04 AM, Feb 22, 2013
In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde on Saturday asked countries and their leaders to follow the 'do not relax' principle and not let complacency come into their efforts. ...
07:47 PM, Jan 26, 2013
An unexpectedly stubborn eurozone recession and weakness in Japan will weigh on global economic growth in 2013 before a rebound in 2014 that should deliver the fastest expansion since 2010, the International Monetary Fund said on Wednesday. ...
12:46 AM, Jan 24, 2013
Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet in 2012. ...
04:25 AM, Jan 18, 2013
Supporting multi-lateral agency IMF's view on commercial banking licence policy, Chairman of the Parliamentary Standing Committee on Finance and senior BJP leader Yashwant Sinha on Thursday said letting large corporates into banking space will "unnecessary risk" stability of the sector. ...
02:25 AM, Jan 18, 2013
US intelligence has predicted that in 2030, India could be the rising economic powerhouse of the world as China is seen today and that it will continue to consolidate its power advantage over Pakistan. ...
11:02 AM, Dec 11, 2012
Averting Greece bankruptcy, leaders of eurozone countries and IMF have agreed to unlock 43.7 billion euros to the heavily-indebted Greek economy. The breakthrough came after 12 hours of negotiations by eurozone finance ministers in Brussels which concluded last night. ...
05:48 PM, Nov 27, 2012
New Delhi: Differing with International Monetary Fund's growth forecast of 4.9 per cent for India during 2012, Planning Commission Deputy Chairman Montek Singh Ahluwalia said it has a statistical problem. "I think, it is the result of a bit of statistical problem," he told reporters on the sidelines of 4th OECD World Forum in reply to a question on the recent economic growth projection for India by IMF. Ahluwalia said...
02:39 PM, Oct 16, 2012
Tokyo: Expressing concern over uncertainty in global economy, Indian Finance Minister P Chidambaram said high commodity prices, particularly energy prices, pose a major risk to the country's growth and inflation. At the meeting of International Monetary and Financial Committee (IMFC) in Tokyo on Friday, he said capital flows to emerging economies remain volatile and global commodity prices have remained elevated. "The sharp rise in global food prices is another major...
05:51 PM, Oct 13, 2012
Beijing: China's economic growth is expected to weaken to 7.8 per cent this year, the International Monetary Fund said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff". However, the IMF said several Asian countries had fiscal room to support their economies if needed and it reiterated a long-standing view that some regional...
02:37 AM, Oct 09, 2012
Berlin: The International Monetary Fund (IMF) will lower its forecasts for global economic growth to 3.3 per cent this year and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectively, a Germany newspaper reported on Friday. The IMF expects the euro zone economy to shrink by 0.4 per cent this year and then grow 0.2 per cent in 2013, business daily Handelsblatt...
01:54 PM, Oct 05, 2012
New York: New York-based think tank Atlantic Council has awarded the 2012 Global Citizen Award to Myanmar's opposition leader Aung San Suu Kyi, who says she does not deserve any praise or compassion for her struggles since she willingly made the choice of putting her country back on the road to democracy. Suu Kyi received the award on Friday from International Monetary Fund Managing Director Christine Lagarde. The honour comes...
09:12 PM, Sep 22, 2012
