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India’s growth to rise to 6.2 per cent in 2014: IMF

India’s growth to rise to 6.2 per cent in 2014: IMF

Washington, April 16 Lowering India’s growth projections by just a notch, the the International Monetary Fund (IMF) Tuesday predicted that this will rise to 5.75 percent in 2013 and 6.2 percent in 2014. IMF’s latest World Economic...
2013 to be make or break year: IMF chief

2013 to be make or break year: IMF chief

Davos (Switzerland), Jan 24 The International Monetary Fund (IMF) chief says 2013 will be a “make or break” year, a few hours after the IMF revised its forecast for this year’s global growth rate down to 3.5 percent. “The recovery...
Pension & Social Security: TIME FOR ‘INCLUSIVE AGEING’…

Pension & Social Security: TIME FOR ‘INCLUSIVE AGEING’…

Pension & Social Security TIME FOR ‘INCLUSIVE AGEING’ By Shivaji Sarkar New Delhi, Oct 04 : If only three top international agencies thought alike, life would be far better, particularly for the elderly. Sadly, this is not the case. On the one...
Lowest Household Savings: SIGNAL OF DEEPER CRISIS…

Lowest Household Savings: SIGNAL OF DEEPER CRISIS…

Lowest household savings SIGNAL OF DEEPER CRISIS By Shivaji Sarkar New Delhi, Sept 06 : The country is moving from problem to problem. While the GDP growth is thawing, inflation is becoming unmanageable and fresh jobs are disappearing. Now, with the lowest...
Karnataka targets Rs.4 trillion software exports by 2020

Karnataka targets Rs.4 trillion software exports by 2020

Bangalore, Aug 16  With about 40 percent share of software export from India, Karnataka has set an ambitious export target of a whopping Rs.4 trillion (Rs.4 lakh crore) by 2020 for the resilient IT services industry in the state. “We propose to...
India wants crucial role in IMF with $10 billion lend

India wants crucial role in IMF with $10 billion lend

June 20 : India intends to make available up to US$ 10 billion to shore up the resources of the International Monetary Fund (IMF). It is significant that India, which had to resort to IMF financing on a few occasions till the early nineties, will now...
PM calls for quick decision on hike in voting rights

PM calls for quick decision on hike in voting rights

June 20 :  Prime Minister Manmohan Singh welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said the progress in hiking voting rights for countries like India was slow. “I must point out...
IMF suggests reforms, inflation check to resume India’s high growth

IMF suggests reforms, inflation check to resume India’s high growth

Washington, April 18 The International Monetary Fund (IMF) has suggested reinvigoration of structural reforms, including development of infrastructure, fiscal consolidation and controlling of inflation to bring India’s growth back to potential and...
Highlights of 4th BRICS Summit

Highlights of 4th BRICS Summit

New Delhi, March 30 Key outcomes of the Fourth BRICS Summit as reflected in the Delhi Declaration: 1) Global governance reforms: BRICS leaders pitch for reform of global governance institutions, including the UN, the International Monetary Fund (IMF)...
G20 leaders agree to strengthen IMF to defend stable growth

G20 leaders agree to strengthen IMF to defend stable growth

Cannes, Nov 4 The Group of Twenty (G20) leaders have agreed to strengthen the resources of the International Monetary Fund (IMF), French President Nicolas Sarkozy said Friday at the conclusion of a two-day summit that gathered the world’s major...
India, China helping decrease global inequality: IMF

India, China helping decrease global inequality: IMF

Washington, Sep 12 Even as inequality is getting worse in many countries, the rise of India and China has contributed to the decrease in global inequality, according to the International Monetary Fund (IMF). “As the two giants — India ...
Global economy in dangerous new phase: IMF chief

Global economy in dangerous new phase: IMF chief

Washington, Aug 29 International Monetary Fund chief Christine Lagarde warned Saturday that downside risks to the global economy are rising, and developments this summer have indicated the global economy is in a “dangerous new phase”. The...
India’s forex reserves decline by $621 million

India’s forex reserves decline by $621 million

Mumbai, Aug 20 India’s foreign exchange (forex) reserves declined by $621 million to $316.60 billion for the week ended Aug 12 due to sharp drop in the value of foreign currency assets, official data showed Saturday. The foreign reserves kitty...