Findings are of relevance for RBI, which has followed inflation targeting policies since 2016 but had to write to govt in December 2022 explaining why inflation had overshot target.
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.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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