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India avoids growth downgrade by IMF

Last Updated: Friday, July 25, 2014, 20:38

India is the only country in the BRICS grouping that has avoided a growth downgrade by IMF as it retained the country's economic expansion forecast at 5.4 percent for the current fiscal.

Forex reserves up for 7th straight week, kitty at $317.85 billion

Last Updated: Friday, July 25, 2014, 18:15

All-time high for the reserves was USD 321 billion in late 2011.

British economy grows to above pre-crisis level

Last Updated: Friday, July 25, 2014, 15:33

Britain is predicted by the IMF to be the fastest growing major world economy this year.

IMF cuts global growth outlook; India avoids ratings downgrade

Last Updated: Friday, July 25, 2014, 10:27

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade.

IMF cuts US economic growth forecast to 1.7% in 2014

Last Updated: Wednesday, July 23, 2014, 21:51

The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

BRICS shake up global economic architecture

Last Updated: Sunday, July 20, 2014, 09:18

For the past 70 years, the International Monetary Fund and the World Bank have been the pillars of the world`s economic system.

IMF chief says low inflation can hit European growth

Last Updated: Friday, July 18, 2014, 16:41

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

IMF says Ukraine economy to shrink 6.5% instead of 5% in 2014

Last Updated: Friday, July 18, 2014, 14:18

The International Monetary Fund said on Friday it expected Ukraine`s economy to shrink by 6.5 percent in 2014 instead of the 5.0 percent it forecast earlier this year because of the escalating eastern uprising.

PM Narendra Modi returns home after attending BRICS Summit

Last Updated: Friday, July 18, 2014, 00:31

Prime Minister Narendra Modi returned home late tonight after a five-day visit to Brazil where he attended the BRICS Summit.

IMF welcomes establishment of BRICS bank

Last Updated: Thursday, July 17, 2014, 07:47

The International Monetary Fund has welcomed the move to set up a new BRICS development bank stating that it is ready to work with the Bank`s leadership.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 07:09

The emerging-market bloc of BRICS Tuesday advocated cooperative approach and peaceful solution to global hot issues.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 06:47

The world`s leading emerging economies Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms.