New Delhi : India has strongly objected to the International Monetary Fund’s (IMF) proposed $1 billion financial assistance to Pakistan, citing fears that the funds could be misused to support terrorism. In a stern message delivered during an address to military personnel, Defence Minister Rajnath Singh underscored India’s position that global financial institutions must not […]
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New Delhi : The Indian government on Friday strongly contested the International Monetary Fund’s (IMF) decision to grant a $2.3 billion bailout package to Pakistan, arguing that the move undermines regional stability amid escalating cross-border hostilities. A day later, Jammu and Kashmir’s Chief Minister Omar Abdullah joined in, sharply criticizing the IMF for financially supporting […]
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Amid rising tensions with India, Pakistan’s Ministry of Economic Affairs found itself in an embarrassing situation on Friday after a post from its official X (formerly Twitter) account appeared to publicly appeal to international partners for financial assistance. The ministry later claimed that the account had been “hacked” and disowned the content. The controversial post, […]
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New Delhi : The International Monetary Fund (IMF) has reaffirmed its projection of India’s economic growth at a robust 6.5% for the fiscal years 2025-26 (FY26) and 2026-27 (FY27). This forecast, consistent with the IMF’s October 2024 World Economic Outlook update, highlights India’s position as the fastest-growing economy among the world’s largest nations. Despite global […]
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Washington, January11, 2025: Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), issued a warning on Friday about the heightened uncertainty the global economy will face in 2025, primarily due to economic policies, with particular emphasis on the evolving U.S. trade strategy. Georgieva emphasized that the U.S. economy, given its size and influence, […]
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New Delhi : Finance Minister Nirmala Sitharaman has called on the World Bank to work closely with nations in pinpointing high-priority skilling sectors, with a particular focus on generating employment, skill matching, and sustaining labor retention. Speaking at the plenary lunch during the World Bank and IMF Annual Meetings in Washington, D.C., Sitharaman emphasized that […]
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Mumbai : In a distressing case of cyber fraud, a 65-year-old woman from Mumbai has lost a staggering ₹1.30 crore to scammers posing as officials from various organizations, including the Customs Department, Reserve Bank of India, and the International Monetary Fund. The victim, who lived in the Chandivali area of Powai until June 2024 before […]
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Dr. Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), has highlighted that India’s economic performance exceeded expectations during the fiscal year 2023-24. She projects that India is likely to become the world’s third-largest economy by 2027. Gopinath noted that to achieve this goal, India will need to generate millions of […]
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