INTERNATIONAL MONETARY FUND
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
Iran unveils budget of 'resistance' against US sanctions
After unilaterally withdrawing from a 2015 nuclear deal between Iran and world power...
Pakistan's ailing economy gets USD 1.3 billion infusion from ADB
The ADB's quick dispersing special policy-based loan is part of a multi-dono...
Forex kitty continues to swells, scales past $451 bn mark
Announcing the fifth bi-monthly monetary policy on Thursday, governor Shaktikanta Das had said the reserves touched USD 451.7 billion as of December 3, an increase of USD 38.8 billion since April.
RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again
The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.
Rich-world problem of lowflation has arrived in emerging markets
The biggest ones are their currencies, which don’t loom so large for rich-world central bankers (although U.S. President Donald Trump thinks they should). Emerging-market exchange rates get bounced around as capital shifts in and out -– flows that have been amplified by years of cheap money in developed countries.
View: Statisticians are not crooks. But their methodologies do need to change
The government is wrong to try and hide NSSO data. But that does not make the data any less incredible.
How to make the FRDI bill more effective
The new Act should consider keeping its ripple effects on other laws to the minimum.
Forex reserve hits fresh record high of $449 billion
In the previous week, the reserves had increased by $441 million to reach $448.249 billion.
View: Despite doubts, there’s enough proof to conclude that foreign trade is good for poor
Areas where workers faced foreign competition tended to have greater reduction in poverty rates.
Reform push to labour laws, green nod will spur investment: Piyush Goyal
The government has made upfront released Rs 70,000 crore to state-run banks and made additional provision for lending and liquidity of Rs 5 lakh crore to increase credit flow to industries, said Goyal. He said while global growth is forecast at 3% for 2019, India continues to grow faster than the rest of the world.
Forex reserve rises by $441 million to lifetime high of $448.2 billion
During the week, gold reserves decreased by USD 200 million to USD 26.709 billion, it said.
View: Govt and NSSO should not hide data, but make them public to improve them
Now, the Modi government has announced not to release the 2017-18 NSSO survey. These are bad practices.
Forex kitty continues to swell, touches a new high of $448 bn
The increase was mainly on account of a rise in foreign currency assets, a major component of the overall reserves and jumped by USD 2.174 billion to USD 415.828 billion in the reporting week, as per the data released on Friday.
Forex reserve hits fresh high of $448 billion
In the previous week, the reserves surged by USD 3.515 billion to reach USD 446.098 billion.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service