Page-222 of Economy & Banking Current Affairs

India turns out to be Net Steel Importer in 2018-19 Fiscal

For the first time in three years, India was the net importer of steel during the financial year 2018-19. This was attributed to India losing market share among its traditional steel buyers and an increase in imports of higher-quality steel domestically. Indian Steel Exports Indian steel exports fell by 34 percent to 6.36 million tonnes in ..

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G-20 Finance Ministers and Central Bank Governors’ meet during 2019 Annual Spring Meeting

G-20 conducted the joint World Bank-IMF Development Committee and the IMF’s International Monetary and Financial Committee meeting during the 2019 Annual Spring Meeting in Washington, DC. The meeting was held to discuss progress on the work of the World Bank and International Monetary Fund. The meeting has explain Structural Reform Steps package and the economic ..

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Financial Sector Assessment Programme for India

The Report of the Financial Sector Assessment Programme for India by the International Monetary Fund (IMF) makes the following recommendations: The level of non-performing loans in India remains high and the IMF has favoured bolstering the level of capitalisation of some banks, particularly government-owned banks. Together with capitalisation, the report asks for resolution and the recognition of Non-performing loans ..

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Hong Kong’s stock market overtakes Japan to be world’s third largest

Hong Kong’s equity market has overtaken Japan to be the world’s third largest in value, behind only the U.S. and mainland China. This is due to the rebound witnessed in Hong Kong stocks after their worst year since 2011. Hong Kong Equity Market Hong Kong’s market cap was $5.78 trillion as of Tuesday and Japan’s market cap ..

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World Economic Outlook April 2019

The International Monetary Fund (IMF) in the World Economic Outlook 2019 April report has made the following forecasts: The global growth will be 3.3% in 2019, down from 3.6% in 2018 and 4% in 2017. The reduced growth rates are attributed to lower global expansion in the second half of 2018 caused by U.S.-China trade ..

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