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IMF, Global Financial Regulators Set Out Roadmap To Curb Crypto Risks
Global financial regulators and the International Monetary Fund (IMF) on Thursday set out a roadmap to coordinate measures that stop crypto assets from undermining macroeconomic and financial stability.
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Assam Government Introduces Bill Mandating Installation of CCTV Cameras in Public Spaces
The Assam government introduced a new bill seeking to make it mandatory for owners of spaces that have congregations of people to install CCTVs. The bill mandates the use of surveillance equipment, like CCTV cameras and surveillance footage will have to be stored for 30 days and made available to the government as and when required. Failure to inst...
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What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
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Coronavirus: Global Fiscal Measures, Liquidity Injections Near $14 Trillion, Says IMF
Countries have taken fiscal measures and central banks together injected a whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said.
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Coronavirus Highlights: Coronavirus Cases In India Cross 1000-Mark, 27 Dead
Today, in his radio address at Mann Ki Baat, Prime Minister Narendra Modi talked extensively about COVID-19. PM Modi thanked people for their monetary contribution contribution for COVID-19. He apologized to people for taking strict lockdown measures, although he mentioned that there is no other way to contain the virus.
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India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
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Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
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IMF Says Pakistan Bailout Sets Ambitious Fiscal Targets
The $6 billion loan package for Pakistan approved by the International Monetary Fund last week will require "very ambitious" fiscal measures and sustained commitment for the bailout to succeed, IMF officials said on Monday.
-
Pakistan Unveils Tax Cuts, Incentives To Boost Growth
Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to the International Monetary Fund for help.
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Pakistan Unlikely To Get IMF Bailout By January 15, Says Report
Pakistan's quest for a $8 billion bailout package from the International Monetary Fund (IMF) by January 15 might not be successful as the global lender wants the government to adopt tougher measures to address external sector imbalances, a media report said.
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Ready To Be Lender Of Last Resort, But No Need For It At Present: RBI
The Reserve Bank of India (RBI) said t liquidity is not a major concern and that adequate measures are being taken and the current situation does not warrant it to be the lender of last resort.
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International Delegation In Pak To Hold Meet On Terror Financing
A second team of the Financial Action Task Force (FATF) is in Pakistan to hold meetings with top officials to discuss the measures taken by the country to counter money laundering and terror financing after it was added in the 'grey list' for providing monetary assistance to terrorists.
-
IMF Cautions China, Praises India For "Right Policies" To Lower Debt
The International Monetary Fund or IMF has praised India for using "the right policies" to lower its level of debt. Highlighting India's debt to GDP ratio - the ratio between a country's government debt (a cumulative amount) and its gross domestic product or GDP (measured in years) - IMF said, India's share is "quite high", but New Delhi is trying ...
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International Monetary Fund On Aadhaar: India Should Take Steps To Ensure Privacy
The International Monetary Fund (IMF) today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system.
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IMF Supports India's Big Currency Move To Fight Corruption
The IMF said on Thursday it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.
-
IMF, Global Financial Regulators Set Out Roadmap To Curb Crypto Risks
Global financial regulators and the International Monetary Fund (IMF) on Thursday set out a roadmap to coordinate measures that stop crypto assets from undermining macroeconomic and financial stability.
-
Assam Government Introduces Bill Mandating Installation of CCTV Cameras in Public Spaces
The Assam government introduced a new bill seeking to make it mandatory for owners of spaces that have congregations of people to install CCTVs. The bill mandates the use of surveillance equipment, like CCTV cameras and surveillance footage will have to be stored for 30 days and made available to the government as and when required. Failure to inst...
-
What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
-
Coronavirus: Global Fiscal Measures, Liquidity Injections Near $14 Trillion, Says IMF
Countries have taken fiscal measures and central banks together injected a whopping USD 14 trillion as part of their efforts to mitigate the challenges posed by the novel coronavirus pandemic, the International Monetary Fund has said.
-
Coronavirus Highlights: Coronavirus Cases In India Cross 1000-Mark, 27 Dead
Today, in his radio address at Mann Ki Baat, Prime Minister Narendra Modi talked extensively about COVID-19. PM Modi thanked people for their monetary contribution contribution for COVID-19. He apologized to people for taking strict lockdown measures, although he mentioned that there is no other way to contain the virus.
-
India Needs Urgent Structural, Financial Sector Reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said.
-
Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
-
IMF Says Pakistan Bailout Sets Ambitious Fiscal Targets
The $6 billion loan package for Pakistan approved by the International Monetary Fund last week will require "very ambitious" fiscal measures and sustained commitment for the bailout to succeed, IMF officials said on Monday.
-
Pakistan Unveils Tax Cuts, Incentives To Boost Growth
Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to the International Monetary Fund for help.
-
Pakistan Unlikely To Get IMF Bailout By January 15, Says Report
Pakistan's quest for a $8 billion bailout package from the International Monetary Fund (IMF) by January 15 might not be successful as the global lender wants the government to adopt tougher measures to address external sector imbalances, a media report said.
-
Ready To Be Lender Of Last Resort, But No Need For It At Present: RBI
The Reserve Bank of India (RBI) said t liquidity is not a major concern and that adequate measures are being taken and the current situation does not warrant it to be the lender of last resort.
-
International Delegation In Pak To Hold Meet On Terror Financing
A second team of the Financial Action Task Force (FATF) is in Pakistan to hold meetings with top officials to discuss the measures taken by the country to counter money laundering and terror financing after it was added in the 'grey list' for providing monetary assistance to terrorists.
-
IMF Cautions China, Praises India For "Right Policies" To Lower Debt
The International Monetary Fund or IMF has praised India for using "the right policies" to lower its level of debt. Highlighting India's debt to GDP ratio - the ratio between a country's government debt (a cumulative amount) and its gross domestic product or GDP (measured in years) - IMF said, India's share is "quite high", but New Delhi is trying ...
-
International Monetary Fund On Aadhaar: India Should Take Steps To Ensure Privacy
The International Monetary Fund (IMF) today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system.
-
IMF Supports India's Big Currency Move To Fight Corruption
The IMF said on Thursday it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.
