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IMF keeps India's growth forecast at 7.2% for 2017-18

IMF keeps India's growth forecast at 7.2% for 2017-18

According to IMF's World Economic Outlook Update, India's growth is projected to accelerate to 7.7 percent in 2018-19, from 7.2 percent forecast for 2017-18.

IMF keeps global growth forecasts; China, eurozone revised higher

IMF keeps global growth forecasts; China, eurozone revised higher

In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.

Angela Merkel overshadows party ahead of September election

Challenger Martin Schulz of the centre-left Social Democratic Party (SPD) is leading his campaign with "more social justice", promising reforms to tax, unemployment benefits and childcare after having just succeeded with a push to legalise same-sex marriage.

IMF to participate for 'last time' in Greek bailout: Schaeuble

IMF to participate for 'last time' in Greek bailout: Schaeuble

The German finance chief has been inflexible on the issue of Greek debt relief, in opposition to the IMF which says it needs to be done to breathe new life into Greece's floundering economy.

IMF cuts U.S. growth forecasts, cites Trump fiscal plan uncertainty

IMF cuts U.S. growth forecasts, cites Trump fiscal plan uncertainty

The assumed stimulus from expected tax cuts and new federal spending spurred the IMF earlier this year to bump up its U.S. growth forecasts to 2.3 percent in 2017 and 2.5 percent in 2018. 

 

Mongolians pick president after scandal-plagued campaign

From its sprawling steppes to its capital and even in yurts serving as polling stations, people began to vote in the landlocked country sandwiched between Russia and China that was once viewed as an oasis of democracy full of economic promise.

Presidential polls begin in Mongolia

The polls mainly involve candidates from three leading parties, who have offered different measures to ease the government's mounting debt pressure if elected to office, Xinhua news agency reported.

India's forex kitty at record high of $381.955 billion

Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

Forex kitty at record high of $381.955 billion

Expressed in US dollar terms, Foreign Country Asset's include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.

Forex reserves dip by $11.5 mn to $381.15 bn

Forex reserves dip by $11.5 mn to $381.15 bn

Gold reserves remained unchanged at USD 20.095 billion.

Forex kitty at life-time high of $381.167 billion

Forex kitty at life-time high of $381.167 billion

 India's forex reserves surged by USD 2.404 billion to reach life-time high of USD 381.167 billion in the week to June 2 on account of rise in foreign currency assets, the Reserve Bank said on Friday.

Forex reserves down $443.6 million to $375.27 billion

Forex reserves down $443.6 million to $375.27 billion

After touching a record high, the country's forex reserves declined marginally by USD 443.6 million to USD 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said.

Forex reserves at life-time peak of $375.71 billion

The reserves had risen by $1.594 billion to $372.73 billion in the previous week.

Macron victory is 'good news' for trade-reliant Asia: IMF

Macron victory is 'good news' for trade-reliant Asia: IMF

Emmanuel Macron's victory in the French presidential election is "good news" for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund (IMF) said on Tuesday.

 

India to grow 7.5% next year on higher infra spending: UN

The Indian economy will grow 7.5 percent next year by virtue of consumption revival and higher infrastructure spending, says a report by the UN Economic and Social Commission for Asia and the Pacific (ESCAP).

Forex reserves increase by $889.4 million to $369.887 billion

Forex reserves increase by $889.4 million to $369.887 billion

India's foreign exchange reserves rose by USD 889.4 million to USD 369.887 billion during the week ended April 14, helped by increase in foreign currency assets, the Reserve Bank said.

Need to sustain global growth momentum: Lagarde

Need to sustain global growth momentum: Lagarde

Noting that the world economy is picking up momentum, IMF chief Christine Lagarde has underlined the need to sustain this growth and make it more inclusive.

 IMF says reforms lagging behind timelines in Sri Lanka

IMF says reforms lagging behind timelines in Sri Lanka

The IMF on Tuesday said Sri Lanka should take "decisive" actions to maintain reform momentum after it was found that the country's progress on implementing structural benchmarks were "somewhat uneven".

Indian economy remains a bright spot in global landscape: IMF official

Indian economy remains a bright spot in global landscape: IMF official

Despite temporary setback due to demonetisation, India economy will grow strongly and remain a bright spot in the global landscape said a senior IMF official.

Terrorism, failing economy make Pakistan most dangerous nation for the world: Ex-CIA official

Rampant terrorism, failing economy and its growing nuclear arsenal make Pakistan the most dangerous country for the world, says an ex CIA official.