Chief Economic Advisor V. Anantha Nageswaran on Thursday, March 16, 2023, said the global uncertainty has been rising after the recent developments in the United States and governments, businesses and individuals should keep ‘margins of safety’ in fiscal, corporate and savings account planning. He said the global growth estimates of the International Monetary Fund (IMF) […]
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Honda Atlas Cars Pakistan Ltd has announced the longest plant shutdown to date in the current economic crisis amongst the country’s automakers, which are struggling to obtain raw materials due to import difficulties. The company, a unit of Japanese car giant Honda Motor Co Ltd , said its plant would shut from March 9, 2023, […]
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India continues to remain a relative “bright spot” in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. While digitisation pulled out the world’s fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for capital investments provided in the […]
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People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. – The Sensitive Price Index, used to measure short-term inflation, rose to 38.42% on a year-on-year basis in Pakistan. | Photo Credit: AFP The yearly inflation hit a new high of 38.42% in the outgoing week in cash-strapped Pakistan as […]
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‘It would take until 2024 for the positive effect of central banks raising rates globally to be felt,’ said International Monetary Fund chief Kristalina Georgieva ‘It would take until 2024 for the positive effect of central banks raising rates globally to be felt,’ said International Monetary Fund chief Kristalina Georgieva International Monetary Fund chief Kristalina […]
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The U.S. dollar is at its highest level since 2000, having appreciated 22% against the yen, 13% against the Euro and 6% against emerging market currencies since the start of this year The U.S. dollar is at its highest level since 2000, having appreciated 22% against the yen, 13% against the Euro and 6% against […]
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The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union […]
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During their meeting on October 14, the two leaders also discussed furthering India-EU collaboration during India’s Presidency of the G-20 in 2023 During their meeting on October 14, the two leaders also discussed furthering India-EU collaboration during India’s Presidency of the G-20 in 2023 Finance Minister Nirmala Sitharaman met European Union’s Commissioner of Economy Paolo […]
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The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union […]
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With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said The impact of a global […]
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