RBI-government spat is the latest in central bank fights around the world as easy money ends India is the latest country to see age-old tensions between governments and central banks flare up as the era of easy money draws to a close. Prime Minister Narendra Modi’s government sent the...
“India has some tariffs, but by no means it’s not (tariff) king,” said Devarajan, who earlier was chief economist for South Asia at the World Bank. (Reuters) The World Bank does not agree with US President Donald Trump’s claim that India is a “tariff king” and feels that the...
Where to do business in 2019; and where to avoid China is closing the gap with its chief economic rival the U.S. as a hassle-free place to do business. In the World Bank’s annual ranking of bureaucracy-busting economies, New Zealand again claimed the top spot after making it cheaper...
In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.(Reuters) Manufacturing PMI October data: The manufacturing sector activity in the country improved in the month of October as firms responded to robust order by scaling up production, input purchasing and employment, survey said...
Last month, Pakistan Finance Minister Asad Umar had made a formal request for financial assistance from the IMF. (Reuters) The discussion on Pakistan’s multibillion dollar bailout application would begin on Wednesday, the International Monetary Fund has said. Last month, Pakistan Finance Minister Asad Umar had made a formal request...
Atlanta Fed lowers U.S. fourth-quarter growth view below 3 percent ...
There were reports of mounting tension between the Ministry of Finance and the Reserve Bank of India (RBI) over the autonomy of monetary policy makers. (Reuters) The IMF has said it was monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to...
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© Reuters. Canada's economy added less jobs than expected in October. ...
Between November 8, 2016 and December 30, 2016, a substantial amount of Rs 42,187 crore was deposited in the bank accounts under Jan Dhan Yojana. Jan Dhan Yojana is ‘another jumla’ of the Narendra Modi government and these bank accounts were used to launder money after demonetisation, The Indian...