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Kristalina Georgieva appointed as new IMF chief
The Bulgarian Economist Christina Georgieva was appointed as the new head of the International Monetary Fund. Kristalina Georgieva Kristalina had served as Chief Executive in World Bank as well. Before becoming CEO of the bank in 2019, she had served ..
Month: Current Affairs - September, 2019
India’s Economic Growth
Projections by the IMF As per the latest projections made available by the International Monetary Fund (IMF), it has cut India?s growth forecast for 2019-20 to 7%. In its earlier forecast made available in April, it had reduced India’s growth ..
Short Note : Economic Crisis in Pakistan
The International Monetary Fund (IMF) has stated that the nation of Pakistan is facing significant economic challenge. These challenges are due to the lack-lustre growth exhibited by the markets of Pakistan. What is happening in Pakistan? As per the IMF ..
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 ..
Month: Current Affairs - June, 2019
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 ..
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 ..