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IMF flags decelerating pace of reforms in India; lists six areas for further reforms

IMF flags decelerating pace of reforms in India; lists six areas for further reforms

Listing out as many as six core areas that need further reforms in India, IMF has warned that headwinds from weaknesses in the country's corporate and bank balance sheets, decelerating pace of reforms and sluggish exports may weigh on its economic growth.

Saudi Arabia unveils first targets in sweeping reform plan

Saudi Arabia unveils first targets in sweeping reform plan

In a press conference in the early hours of Tuesday in Jeddah, officials revealed sweeping plans to create some 450,000 non-government jobs by 2020, boost non-oil revenues and cut the cost of public wages.

Labour reforms not essential for industrial growth: FM Jaitley

Labour reforms not essential for industrial growth: FM Jaitley

Finance Minister Arun Jaitley has told Bharatiya Mazdoor Sangh that labour reforms are "not essential" for industrial growth and changes in these laws would be made only after taking unions on board, the RSS affiliated body said Thursday.

Reforms to push India's growth to 8% by FY'19: Fitch

Reforms to push India's growth to 8% by FY'19: Fitch

In its latest Global Economic outlook, Fitch Ratings said it expects India's real GDP growth to rise to 8 percent by 2018-19, from 7.9 percent in 2017-18 and 7.7 percent in 2016-17.

Politically difficult to speed up structural reforms: Raghuram Rajan

Politically difficult to speed up structural reforms: Raghuram Rajan

It is 'politically difficult' to speed up structural reforms in India, RBI Governor Raghuram Rajan said on Saturday even as he stressed on a need for cleansing the banks and checking inflation to ensure faster GDP growth.

Thousands take to streets in Greece ahead of reform vote

Thousands take to streets in Greece ahead of reform vote

Thousands of protesters took to the streets of Athens Sunday as Greece's parliament prepared to vote on a controversial tax and pensions overhaul which has sparked mass opposition.

Christine Lagarde for breathing space before next round of IMF reforms

Christine Lagarde for breathing space before next round of IMF reforms

A day after India pitched for further quota reforms at IMF to reflect global economic realities, its chief Christine Lagarde Sunday said a round of quota reforms has just been completed and there has to be some breathing space before the next round is taken up.

India need to keep reform momentum going: Arun Jaitley

India need to keep reform momentum going: Arun Jaitley

As the global environment becomes extremely difficult and challenging, India will need to keep the reform momentum going while putting resources in areas where it lacks, Finance Minister Arun Jaitley said Friday.

Govt to bring in more banking reforms soon: Arun Jaitley

Govt to bring in more banking reforms soon: Arun Jaitley

Hinting at major banking sector reforms in the offing, Finance Minister Arun Jaitley Sunday said the country is not at a stage where the government can completely exit its holding in the 27 public sector banks.

IMF implements quota reforms; India, China get more voting rights

IMF implements quota reforms; India, China get more voting rights

For the first time, the four emerging economies – India China, Brazil and Russia -- would be among the 10 largest members of the International Monetary Fund.

Lower inflation result of reforms, global oil prices: FinMin

Lower inflation result of reforms, global oil prices: FinMin

WPI-based inflation has come down from 6.0 percent in 2013-14 to 2.0 percent in 2014-15. The wholesale inflation has been in the negative zone since November 2014 and stood at -3.8 percent in October 2015.

Delay In Reforms May Adversely Affect Investments: Moody's

Rating agency Moody's has warned a reversal in investments if the economic reforms get further delayed affecting the projected GDP for 2016.

All Party Meeting To Create Consensus On GST Bill

Before winter session of Parliament the attempt to bring a consensus on GST Bill through all party meeting has brought the ball in the court of Congress that alone can unite the opposition in favour of the bill.

PM Modi promises more reforms; hopes to rollout GST next year

PM Modi promises more reforms; hopes to rollout GST next year

 PM Narendra Modi promised at India Singapore Economic Convention that he will make India more attractive for foreign investments and assured assured investors they would be guided well when they come investing in India.

Ratings to face stress if reforms stray; GST crucial: S&P

Expressing concern over slowdown in the pace of reforms, Standard & Poor's has said India's rating could come under stress if government fails to pursue reforms agenda and overshoots fiscal deficit target.

Eurozone won't release new money for Greece until reforms done

The eurozone will release the next tranche of loans for Greece as well as money for bank recapitalisation only after Athens implements agreed reforms, euro zone finance ministers said, noting a Greek pledge the conditions would be met this week.

States on reform path, need to generate more revenue: Brickwork

States on reform path, need to generate more revenue: Brickwork

According to the State Finances Handbook 2015 released by Brickwork Ratings, most states are undertaking reforms, specially in areas like power, urban development, taxation as well as governance.

David Cameron promises pick-up in EU reform proposals

David Cameron promises pick-up in EU reform proposals

British Prime Minister David Cameron told European Union leaders Thursday he will soon lay out detailed proposals for the reform of the EU that will ensure his support for the country's continued membership of the bloc in a national vote due sometime in the next couple of years.

India has launched "game-changing" reforms: Jayant Sinha

India has launched "game-changing" reforms: Jayant Sinha

Allaying concerns of investors over pace of reforms in India, Minister of State for Finance Jayant Sinha Tuesday said the government has implemented "game- changing" measures to transform India's economic fortunes and improve the business environment in the country.

Arun Jaitley calls for reforms in World Bank at global meet

Arun Jaitley calls for reforms in World Bank at global meet

Finance Minister Arun Jaitley has made a strong case for raising shareholding of developing nations including India in the World Bank Group to reflect their share in the global economy and demanded a significant hike in the capital to meet growing financing needs.