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India's economy is set to reach the targets set during the tabling of the Economic Survey, according to the Finance Ministry. The calculations are based on high-frequency indicators for the first quarter of this fiscal. Tabled in January…

SynopsisLaw is already a part of fiscal and monetary policy, but too little attention is being paid to its effects on the success and failure of macroeconomic policy. Hence, it is worth testing the benefits of novel legal instruments —…

MUMBAI: The country's foreign exchange reserves declined by a massive $8.062 billion to $580.252 billion in the week ended July 8, according to RBIdata. In the previous week ended July 1, the reserves had dropped by $5.008 billion to…

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are…

The IMF on Friday said that it is deeply concerned about the current crisis in Sri Lanka and hopes for a resolution of the current situation to resume talks as soon as possible on a bailout package for the island nation. Sri Lanka is…

NEW DELHI: India-born Gita Gopinath became the first woman and second Indian to feature on the 'wall of former chief economists' of the International Monetary Fund (IMF). The first Indian to achieve the honour was Raghuram Rajanwho was…

COLOMBO: Sri Lanka raised interest rates to the highest level in two decades on Thursday, saying it had to head off runaway inflation to avoid even deeper pain for an economy that is already in crisis and is shrinking. The Sri Lankan…

ISLAMABAD: Inflation in Pakistan rose to 21.3% in June, the highest since December 2008 when inflation stood at 23.3%. In May, it was 13.7%, as measured by the country's Consumer Price Index. According to the Pakistan Bureau of…

As Prime Minister Narendra Modi flies to the German Alpine resort of Schloss Elmau as a special invitee to the G-7 Summit meeting from June 26 to 27 along with other leaders of the global South such as Argentina, Indonesia, Senegal and…

The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements its rate-tightening plan to curb inflation, the International Monetary Fund said. “The policy priority now must be…