Watch Dr. Krishnamurthy Subramanian, India's former Chief Economic Advisor & Executive Director at the IMF, talk about the state of Indian economy, RBI, nuances...
In past 4 decades, India's economy multiplied about 16-fold, and even if its growth numbers turn out to be less flattering in 2022 and 2023, IMF thinks its future remains bright.
Dar, 72, is a chartered accountant who had served as finance minister thrice in the past. He faces the daunting task of stabilising Pakistan's economy which has been in a tailspin.
IMF says agreement is subject to approval by its management and executive board. Sri Lankan govt is yet to come up with debt restructuring plan, say observers.
The global financial body eyes creditor assurances as it prepares a visit to the island nation, and says the country's 'public debt is assessed as unsustainable'.
President’s Office also reportedly issues statement saying negotiations with IMF are ‘highly successful’, and so are political negotiations to form an all-party government.
'There is a condition in relation to the months of import cover that we need to have in order to be able to draw on that money,' Indrajit Coomaraswamy, advisor of the Sri Lankan govt Thursday.
The government is seeking a loan of about Rs 31,000 crore this year from the International Monetary Fund and creditors including China and Japan to help pay for food and fuel.
Wickremesinghe, now his party's lone MP in Parliament, was sworn in once more as PM Thursday. Move seen as attempt to end protests, restore country's international credibility.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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