NEW DELHI: The White House military band on Monday played a rendition of “Om Jai Jagdish Hare” to celebrate Diwali at US President Joe Biden’s official residence.Gita Gopinath, the first deputy managing director of the International Monetary Fund (IMF), shared the video on X and said, “Wonderful to hear the White House military band play…
NEW DELHI: Union finance minister Nirmala Sitharaman and World Bank president Ajay Banga held discussions on various topics during their meeting on the sidelines of the World Bank and IMF Annual Meetings 2024 in Washington, DC. The discussions focused on private capital participation in Global Public Goods, energy security, and reforms in Multilateral Development Banks…
Rajnath Singh (ANI photo) SRINAGAR: Union defence minister Rajnath Singh on Sunday said India would have offered more aid to Pakistan, had the neighbouring country maintained good relations with it.Addressing an election rally in the Gurez assembly segment of Bandipora district in north Kashmir, Singh said India would have given a larger bailout package to…
Pakistan on Sunday announced that it is taking a series of measures to minimize its administrative expenditures which includes abolishing about 150,000 government posts, closing six ministries, and merging two others, as part of reforms agreed upon with the IMF under the $7 billion loan deal.The IMF had finally agreed to an assistance package for…
NEW DELHI: Defence minister Rajnath Singh on Sunday said that India would have been willing to provide Pakistan with a financial aid package larger than what the country is currently seeking from the International Monetary Fund (IMF), had Islamabad maintained friendly relations with New Delhi.“I said, my Pakistani friends, why have strained relations, we are…
Representative image Gold prices soared to an all-time high on Friday as the dollar weakened amid prospects of super-sized reduction in U.S. interest rates next week, while palladium has gained over 15% so far this week. Spot gold was up hitting a record 0.3% at $2,567.23 per ounce by 0703 GMT, after high of $2,570.21…
IMF’s first deputy managing director Gita Gopinath, who is in India, spoke to TOI on a range of issues from the global crisis to AI and the need to create jobs. Excerpts: How do you see wars and crises affecting the world and India? In the last few years, we have seen a big rise…
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said on Friday he had written a letter to the Chinese govt requesting debt re-profiling for Pakistan in an apparent bid to secure the International Monetary Fund’s approval for a $7 billion economic bailout by next month.Islamabad has also asked Beijing to change imported coal-based projects to ones using…
NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand is…
NEW DELHI: The International Monetary Fund (IMF) has maintained its global growth projections for 2024 at 3.2% in its latest World Economic Outlook update, released on Tuesday. Despite this, the organization has revised its forecasts for the United States and Japan downward, citing a slower-than-expected start to the year and temporary supply disruptions, respectively.The IMF…
