Tag: IMF
-
Rich Leaders, Poor Nation: Pakistan Begs Again For Funds To IMF
The Election Commission of Pakistan’s report uncovers the wealth of Pakistan’s ministers and caretaker Prime Minister Anwaarul Haq Kakar. It shows a contrast where the country’s leaders hold significant personal wealth, while Pakistan itself faces severe financial challenges and depends on external funding. Wealth of Pakistan’s PM & Ministers The caretaker Prime Minister of Pakistan, ... -
IMF Hikes India’s GDP Growth Forecast to 6.3%, But It Will Go Faster Than That
The IMF has increased its prediction for India’s economic growth to 6.3% in 2023. However, experts believe that India’s economy will grow even faster than it. The International Monetary Fund (IMF) has increased its forecast for India’s GDP growth in 2023 to 6.3%. This is because India’s consumption in the April-June quarter was stronger than ... -
IMF Requests India To Remove Rice Export Bans. What Should India Do?
The International Monetary Fund (IMF) is requesting India to lift its ban on the export of non-basmati rice because it believes that the restriction will be harmful for several other countries. India implemented the ban on July 20, 2023, with the aim of boosting domestic supply and controlling retail prices as the festive season approached. ... -
World Should Learn From India’s Digital Payment Systems: IMF
The IMF has praised India’s digital payment systems including UPI, CBDC, IMPS as well as its highest growth rate among all the major economies in the world. The IMF praised India’s progress on digital payment systems including the Central Bank Digital Currency (CBDC) and Unified Payments Interface (UPI), saying other countries can learn from it. ... -
India’s GDP to contract by 9.6% this fiscal, predicts World Bank
On Thursday the World Bank said that it is expected of India’s GDP to contract by 9.6% this fiscal. The drop is said to be a showcase of nationwide lockdown and income shrinkage experienced in India due to Covi-19. This puts India’s economic condition the worst ever experienced. South Asia Economic Focus report was released ... -
RBI slashes key rate by 40 bps to an all-time low, Predicts GDP shrinkage
On Friday, the Reserve Bank of India (RBI) announced cut in key interest rates by 40 basis points, to a new all-time low. This decision came unexpectedly as RBI is citing negative GDP growth in the current fiscal period. This is a double blow to the economy as the effect on low production and demand ...
