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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
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Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
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India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
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Amid Rising Inflation, High Fuel Prices, All Eyes On Annual GDP Data
The Reserve Bank of India (RBI) has projected 9.5 per cent of GDP growth for 2021-22 and kept March quarter growth at 6.1 per cent
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Government To Release 2021-22 GDP Data Tomorrow Amid High Inflation, Geo-Political Tensions
Government will release the GDP growth data for the March quarter of 2021-22 as well as for the complete fiscal tomorrow on May 31, 2022
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IMF Adds To Negative Tone For India's Economic Outlook From Ukraine War
The International Monetary Fund (IMF) said the disruptions to the world economy from the escalating Russia-Ukraine war would negatively hurt Asia's third-largest economy and the widespread worries of the impact of the Russia-Ukraine conflict on the world economy.
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Economy Set To Grow At More Than 9% In Current Fiscal: Finance Ministry Report
India is the only large and major country listed by the IMF whose growth projection has been revised upwards in 2022
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Air India Sale A Key Milestone In India's Privatisation Efforts: IMF Official
IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts
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Forex Reserves Rise $16.6 Billion To Touch Record High Of $633.5 Billion
On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.
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At 13%, Economist Intelligence Unit Pegs India's Growth In 2021 Higher Than IMF
The Economist Intelligence Unit (EIU) has pegged India's economic growth for the year 2021 at 13 per cent, higher than the growth forecast by the International Monetary Fund (IMF).
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IMF Growth Projection For India Highest Among G20: RBI Governor Shaktikanta Das
Today is the second time the RBI Governor is addressing the media since the nationwide lockdown imposed by the Centre to curb the coronavirus pandemic.
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IMF Inducts Raghuram Rajan To Key Advisory Panel
IMF MD Kristalina Georgieva on Friday named the inclusion of former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues.
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With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
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India's Forex Reserves Rise To Over $461 Billion
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.01 billion to $427.94 billion.
-
RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
-
Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
-
India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
-
Amid Rising Inflation, High Fuel Prices, All Eyes On Annual GDP Data
The Reserve Bank of India (RBI) has projected 9.5 per cent of GDP growth for 2021-22 and kept March quarter growth at 6.1 per cent
-
Government To Release 2021-22 GDP Data Tomorrow Amid High Inflation, Geo-Political Tensions
Government will release the GDP growth data for the March quarter of 2021-22 as well as for the complete fiscal tomorrow on May 31, 2022
-
IMF Adds To Negative Tone For India's Economic Outlook From Ukraine War
The International Monetary Fund (IMF) said the disruptions to the world economy from the escalating Russia-Ukraine war would negatively hurt Asia's third-largest economy and the widespread worries of the impact of the Russia-Ukraine conflict on the world economy.
-
Economy Set To Grow At More Than 9% In Current Fiscal: Finance Ministry Report
India is the only large and major country listed by the IMF whose growth projection has been revised upwards in 2022
-
Air India Sale A Key Milestone In India's Privatisation Efforts: IMF Official
IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts
-
Forex Reserves Rise $16.6 Billion To Touch Record High Of $633.5 Billion
On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.
-
At 13%, Economist Intelligence Unit Pegs India's Growth In 2021 Higher Than IMF
The Economist Intelligence Unit (EIU) has pegged India's economic growth for the year 2021 at 13 per cent, higher than the growth forecast by the International Monetary Fund (IMF).
-
IMF Growth Projection For India Highest Among G20: RBI Governor Shaktikanta Das
Today is the second time the RBI Governor is addressing the media since the nationwide lockdown imposed by the Centre to curb the coronavirus pandemic.
-
IMF Inducts Raghuram Rajan To Key Advisory Panel
IMF MD Kristalina Georgieva on Friday named the inclusion of former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues.
-
With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
-
India's Forex Reserves Rise To Over $461 Billion
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.01 billion to $427.94 billion.
