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Amid expectations of an increase in retail prices of petrol and diesel, the International Monetary Fund (IMF) on Tuesday suggested a pass through of higher crude prices to consumers, while arguing that India had headroom to navigate the current energy shock due to the closure of the Strait of Hormuz.“They (govt) have cut excise taxes…
Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following recent discussions in Washington.Spokesperson for the State Bank of Pakistan, country’s central bank told PTI, “Pakistan has repaid…
AI-generated image for representation Top international financial officials have sounded an alarm over the latest artificial intelligence (AI) models developed by the US tech companies, warning they could expose dangerous weaknesses in the global banking system’s cyber defences, a report has said. The warning came as finance ministers, central bankers and regulators gathered in Washington…
New Delhi: A weaker rupee and a change in the base year for GDP have resulted in India slipping one rank to be the sixth largest economy in dollar terms during 2025, latest estimates released by the International Monetary Fund showed.According to IMF data, India was the fifth largest economy in 2024 with GDP at…
India will continue to retain its tag of being the world’s fastest growing major economy over the next two years as well. (AI image) In a boost for India, the International Monetary Fund (IMF) has raised the country’s GDP growth forecast for the next two fiscal years despite the ongoing Middle East conflict. IMF has…
IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…
With tensions escalating in West Asia, the International Monetary Fund on Tuesday said it is closely tracking the situation but cautioned that it is “too early to assess the economic impact on the region and the global economy,” as disruptions to trade and energy markets intensify.In a statement, the IMF said it has “observed disruptions…
New Delhi: The impact of AI on the labour market will be like a “tsunami” and can create havoc in financial markets, International Monetary Fund chief Kristalina Georgieva said on Friday, while estimating that it can lift global growth by 0.8%.The IMF managing director estimated that nearly 40% of jobs in emerging markets and 60%…
IMF MD Kristalina Georgieva IMF managing director Kristalina Georgieva said that artificial intelligence can fulfil India’s ambition of Viksit Bharat while boosting global growth by 0.8%.Speaking at the AI Impact Summit, Georgieva cited research by the International Monetary Fund and said that AI could accelerate growth significantly across the world. ‘Crucial Role For India In…
India is set to lead global economic growth by 2026, surpassing the US, according to IMF data. Elon Musk highlighted this seismic shift, noting India and China will drive over 43% of worldwide expansion. This surge, fueled by domestic strength and manufacturing, signals a changing global economic landscape beyond traditional Western markets. Elon Musk dropped…
