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By B Yerram Raju “Money begets money,” says Geoffrey Crowther. Absolutely true — whether it is with individuals, institutions, or nations. Why should nations borrow? One should go back to the post-world war economy. People lost all their wealth and assets in the war. To provide money in people’s hands, Keynes propounded ‘dig holes and […]
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Islamabad: The International Monetary Fund (IMF) has asked the Pakistan government to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around 300 billion PKR to the Chinese power plants, putting Islamabad in a tight spot. The global lender has asked the government to treat the Chinese CPEC power plants at par […]
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By Amitava Mukherjee There are quite a few reasons why Gotabaya Rajapaksa, the President of Sri Lanka, appointed Ranil Wickremesinghe as the Prime Minister of the country. First, Ranil Wickremesinghe is known to be close to the Rajapaksa family and it is more than likely that he will try to save both Gotabaya and Mahinda […]
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The dangerous meltdown in Sri Lanka, in the wake of public anger and violence spiralling out of control, can have security implications for India. The situation needs to be handled with sensitivity. As a close neighbour with historical ties, India has demonstrated its support and extended a helping hand in the hour of crisis. However, […]
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The Reserve Bank of India’s sudden decision to hike the policy rate may have taken the market off guard but it has become inevitable to tame the soaring inflation. The decision, taken at an unscheduled meeting of the Monetary Policy Committee (MPC) of the central bank, sends a clear signal that rising inflation is going […]
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By Dr K Srinivasa Rao The global economy is under stress due to geopolitical hostilities and continuing risks of Covid-19 on increased mobility. Rising inflation and repercussions of global portfolio redistribution owing to policy rate hikes in the western world are exacerbating risks to emerging economies. Due to their internal constraints and policy objectives, emerging […]
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The virtual collapse of the Sri Lankan economy comes as a wake-up call for the south Asian region with many nations battling similar woes and being sucked into the vortex of unmanageable debt. Colombo’s crisis has been in the making for more than a decade, largely due to the country’s excessive dependence on imports and […]
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By Dr Vanishree Joseph, Dr N V Madhuri Several measures have been taken in India for the deprived to recover from the impact created by the Covid-19 pandemic. As per the IMF staff estimates, these measures sum to about 0.6% of the GDP. This estimated amount is being used to spend in providing insurance coverage […]
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Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread to over 40 countries around the world. “The global economy has continued to recover, but the recovery faces many risks, including […]
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The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.
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Signals from a few sectors and other economies keep the hope of an economic rebound afloat amidst a grim situation
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Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022
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Make structural and administrative changes to improve them and serve our economically heterogeneous population better
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While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome
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The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gita told PTI on Tuesday.
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Amid exceptional uncertainty, the global economy is projected to grow 5.5 per cent in 2021 and 4.2 per cent in 2022.
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The report, however, expected the gross domestic product (GDP) to dip in 2022-23 fiscal year to 6.8 per cent.
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In the previous week ended October 9, 2020, the reserves had increased by $5.867 billion to reach $551.505 billion
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IMF says growth to be -4.4 per cent in 2020 due to the impact of the coronavirus pandemic
