Free Press Journal
  • Rupee nears 73-mark

    Rising crude oil prices, global trade spat take toll on currency

  • Same rules for EU, non-EU nationals

    Post-Brexit immigration rules Immigration rules for non-EU citizens, such as Indians, are set to be closely aligned with those for European Union nationals once Britain has left the economic bloc by next year. Theresa May, British PM.

  • Pakistan at risk of debt distress due to CPEC, says US senators

    Washington : As newly elected government in Pakistan headed by Prime Minister Imran Khan is willing to pursue an International Monetary Fund (IMF) bailout, a group of United States Senators have asserted that Islamabad is at risk of debt distress due to rising current-account deficit and external debt obligations caused by the China Pakistan Economic Corridor (CPEC).

  • RBI puts 200 stressed A/Cs under scanner

    New Delhi : As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective banks.

  • RBI needs to gradually tighten policy: International Monetary Fund

    New Delhi : The Reserve Bank of India (RBI) needs to gradually tighten monetary policy in view of inflationary pressure due to higher oil prices, increase in Khariff MSP and possible fiscal slippage, the International Monetary Fund (IMF) said today.

  • Former IMF head denies money laundering charges

    Madrid : A former head of the International Monetary Fund and an ex-deputy Prime Minister in Spain’s government who is under investigation for alleged involvement in money laundering for private profit denied any wrongdoing at a hearing in front of an investigating magistrate here on Monday. Rodrigo Rato, who had also been Spain’s Economy Minister for eight years until 2004 and left his post as Managing Director of the IMF to become

  • Heeding IMF and RBI voices of caution

    Two important bodies have sent out voices of caution on the Indian economy in recent days.  The International Monetary Fund (IMF) has revised its growth estimate downward for India, for this year as well as the next. The revision is small for 2018, from 7.4 to 7.3 per cent. But for next year, the revised growth projection is down from 7.8 to 7.5 per cent. The question is not about how accurate

  • IMF suggests India three steps to sustain high growth rate

    Washington: To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund (IMF) said today.

  • Swiss referendum is canary of debt problem

    The list of top ten countries with the highest debt to GDP ratio as compiled by the International Monetary Fund has three European nations (Greece, Italy and Portugal), and the number one slot belongs to Japan, whose ratio is nearly 240 per cent. Contrary to conventional expectations, these highly indebted countries are not among the poorest nations, or identified as reckless and spendthrift. Of course, there are also other countries such as

  • Important for India to address banking crisis to support investment, inclusive growth agenda: IMF

    Washington: The International Monetary Fund (IMF) today said addressing the ongoing crisis in the banking sector was important for India to support investment and inclusive growth agenda. “Addressing the banking sector balance sheet issues and improving the performance of particular public sector banks is a very important issue for India to support investment and its inclusive growth agenda,” IMF Spokesman Gerry Rice told reporters at his bi-weekly news conference. Responding to a question

  • Getting more women into formal workforce is priority for India, says IMF

    United Nations: India must focus as a priority on ensuring that more women work in the formal sector as it continues with labour reforms, according to Ken Kang, the deputy director in International Monetary Fund (IMF) Asia Pacific Department.

  • India’s growth momentum must continue despite elections: IMF

    Washington: The International Monetary Fund has said it wants continued momentum in India’s growth and structural reforms despite the election period. A number of elections are scheduled to be held in India within the next one year with assembly polls in Karnataka, Mizoram, Chattisgarh, Madhya Pradesh and Rajasthan as well as the 2019 Lok Sabha election.

  • India’s reforms bearing fruits, make case for more steps says IMF official David Lipton

    Washington: The reforms carried out by India has been bearing fruits and benefiting people, making a strong case for more steps, a top IMF official has said. The implementation of the goods and services tax (GST), despite a bumpy road, is going to help secure the solidity of foundation of public finances, David Lipton, the International Monetary Fund (IMF)’s First Deputy Managing Director David Lipton, told PTI.

  • IMF projects India’s growth rate at 7.4 percent in 2018

    New Delhi: The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in the 2018 – 2019 period, projecting the country’s growth rate at 7.4 percent in 2018.

  • India using ‘right policies’ to lower high debt level: IMF

    Washington: India has “quite a high” debt to GDP ratio, but New Delhi is trying to lower it using “the right policies”, the International Monetary Fund has said. India’s general government debt remained relatively high, at 70 per cent of the GDP in 2017, Abdel Senhadji, Deputy Director, IMF Fiscal Affairs Department, told reporters at a news conference here.

  • Improve bank’s ability to go after debtors says IMF to India

    The International Monetary Fund (IMF) has urged India to strengthen the ability of banks to go after debtors and warned that debts negatively impact investments. “The corporate debt overhang and associated banking sector credit quality concerns exert a drag on investment in India,” the IMF’s World Economic Outlook report released on Tuesday said.