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India To Remain Fastest Growing Major Economy With 6.5% Growth In FY26: IMF
Multilateral financing agency International Monetary Fund (IMF) has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26.
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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India Hits Out At IMF For Saying "Currency Intervention Excessive"
India pushed back against the International Monetary Fund for saying the central bank's intervention in the foreign-exchange market was excessive, implying that the country was trying to influence the level of the rupee.
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India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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IMF Working on New Central Bank Digital Currencies Platform to Enable International Transactions
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. She added that CBDCs should not be fragmented national propositions and that to have more efficient and fairer transactions interoperability i...
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"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
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India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding: Details
Speaking at the 17th India Digital Summit earlier this week, a panel of industry insiders said that the use of CBDC is not coming with incentives for Indians. They explained that as opposed to the existing UPI online payment method, the programmable CBDC will make online payments cheaper, faster, and protected with a layer of anonymity.
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China's Finance Minister To Attend Debt Meeting In India, Says IMF: Report
"China is going to participate at the level of minister of finance and the governor of People's Bank of China," IMF Managing Director Kristalina Georgieva said in a CBS' 60 Minutes interview on Sunday.
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RuPay Payments: Singapore, UAE Express Interest in Accepting Payments System, Finance Minister Nirmala Sitharaman Says
Union Finance Minister Nirmala Sitharaman revealed on Tuesday that countries like Singapore and the UAE were keen on accepting the RuPay payment mechanism that is currently in use in India. The minister stated that the government was in talks with different countries on accepting RuPay, at a fireside conversation with economist Eshwar Prasad at the...
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IMF Exec Believes More Stablecoins Are Vulnerable to Runs and Sell-Offs
The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.
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Amid Rising Inflation, High Fuel Prices, All Eyes On Annual GDP Data
The Reserve Bank of India (RBI) has projected 9.5 per cent of GDP growth for 2021-22 and kept March quarter growth at 6.1 per cent
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Dollar Hits Fresh 1 Month Low
The dollar hit a fresh one-month low on Tuesday as the euro extended gains
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IMF's Growth Projection For India Is Fastest Among Major Economies: Finance Minister
Finance Minister Nirmala Sitharaman said IMF's growth projection for India of 8.2 per cent for 2022-23, is fastest among major economies
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India To Remain Fastest Growing Major Economy With 6.5% Growth In FY26: IMF
Multilateral financing agency International Monetary Fund (IMF) has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26.
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
India Hits Out At IMF For Saying "Currency Intervention Excessive"
India pushed back against the International Monetary Fund for saying the central bank's intervention in the foreign-exchange market was excessive, implying that the country was trying to influence the level of the rupee.
-
India-Led G20 Adopt Roadmap on Crypto Assets Suggested by IMF, FSB Joint Synthesis Paper
The finance ministers and central bank governors from the G20 nations met in Morocco’s Marrakesh for their fourth and final meeting under India’s Presidency. There, the FMCBGs agreed that the IMF-FSB synthesis paper released in September makes for an essential guide for the G20 group to ensure that crypto assets are supported in a way that they...
-
RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
IMF Working on New Central Bank Digital Currencies Platform to Enable International Transactions
The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. She added that CBDCs should not be fragmented national propositions and that to have more efficient and fairer transactions interoperability i...
-
"Addiction Forced Into System": Raghuram Rajan Expects More Bank Troubles
Raghuram Rajan, the former IMF chief economist who predicted the global financial crisis more than a decade ago - warned that the banking system is headed for more turmoil after the rescues of Silicon Valley Bank and Credit Suisse.
-
India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding: Details
Speaking at the 17th India Digital Summit earlier this week, a panel of industry insiders said that the use of CBDC is not coming with incentives for Indians. They explained that as opposed to the existing UPI online payment method, the programmable CBDC will make online payments cheaper, faster, and protected with a layer of anonymity.
-
China's Finance Minister To Attend Debt Meeting In India, Says IMF: Report
"China is going to participate at the level of minister of finance and the governor of People's Bank of China," IMF Managing Director Kristalina Georgieva said in a CBS' 60 Minutes interview on Sunday.
-
RuPay Payments: Singapore, UAE Express Interest in Accepting Payments System, Finance Minister Nirmala Sitharaman Says
Union Finance Minister Nirmala Sitharaman revealed on Tuesday that countries like Singapore and the UAE were keen on accepting the RuPay payment mechanism that is currently in use in India. The minister stated that the government was in talks with different countries on accepting RuPay, at a fireside conversation with economist Eshwar Prasad at the...
-
IMF Exec Believes More Stablecoins Are Vulnerable to Runs and Sell-Offs
The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.
-
Amid Rising Inflation, High Fuel Prices, All Eyes On Annual GDP Data
The Reserve Bank of India (RBI) has projected 9.5 per cent of GDP growth for 2021-22 and kept March quarter growth at 6.1 per cent
-
Dollar Hits Fresh 1 Month Low
The dollar hit a fresh one-month low on Tuesday as the euro extended gains
-
IMF's Growth Projection For India Is Fastest Among Major Economies: Finance Minister
Finance Minister Nirmala Sitharaman said IMF's growth projection for India of 8.2 per cent for 2022-23, is fastest among major economies
