Page-6 of IMF Current Affairs, GK & News

India’s Forex reserves rise to a record high of $426.42 billion

As per the data revealed by Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserve rose to a life-time high of $426.42 billion (in week to 21 June 2019) after it surged by $4.215 billion boosted by higher foreign portfolio investments (FPI) and a stable rupee. Key Highlights Background: Earlier, the Forex reserves had ..

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Did India Over-Estimate its Growth Rate?

In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the official estimate of 7 per cent. Observations made in the Research Paper India s GDP ..

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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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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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World Gold Council Report

  The World Gold Council its latest report highlights the quantum of gold holding by the different countries. The findings of the report are: India has the 11th largest gold reserve and the current holding pegged at 607 tonnes. India’s would have been at the tenth position had the list included only countries. International Monetary ..

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