According to the IMF, Ukraine's 48-month Extended Fund Facility Arrangement (EFF) has been successful in providing a strong anchor for the country's economic program.
The 2024 Article IV consultation discussions have now ended with the signing of a staff-level agreement between the IMF senior mission chief and the deputy mission chief.
A team of technically-savvy key personnel with diverse skill-sets has allowed govt and RBI to formulate sound arguments in place of the earlier rhetoric-based rebuttals.
The IMF also projected India’s economy will grow at 6.3% in both the current fiscal year and the next, below the RBI’s forecast of 7% in the current year.
A crucial IMF package, commitment to fiscal discipline & historic corporate profits meant investors in KSE-100 index would’ve earned far higher returns than from investing in Sensex.
Chief Economic Advisor to govt of India, V Anantha Nageswaran, says these indices, used to rate investment safety of countries, is created by ‘experts’ who have no presence on the ground.
Conflict in the Middle East could upset assumptions & forecasts and, if it escalates, disrupt the oil markets. For India, it could raise worries on inflation, put pressure on the rupee.
The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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