Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

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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Sitharaman meets E.U. commissioner of economy, discusses global economic situation

Sitharaman meets E.U. commissioner of economy, discusses global economic situation

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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Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

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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Sitharaman briefs G20 FMs on its 2023 presidency agenda

Sitharaman briefs G20 FMs on its 2023 presidency agenda

Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating India on Thursday briefed the finance ministers and central bank governors of G20 countries about its agenda […]

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Nirmala Sitharaman says budget to address growth, inflation concerns

Nirmala Sitharaman says budget to address growth, inflation concerns

Finance Minister Nirmala Sitharaman identified high energy prices among the biggest problems facing the Indian economy in the near future Finance Minister Nirmala Sitharaman identified high energy prices among the biggest problems facing the Indian economy in the near future Faced with twin challenges of slowing growth rate and high inflation, Finance Minister Nirmala Sitharaman […]

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World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

Ms. Shrinate said rupee has hit a historic low. Ms. Shrinate said rupee has hit a historic low. Citing the World Bank report that flagged worsening of poverty numbers in India during the COVID pandemic and downgraded the country economic growth forecast, the Congress on Friday alleged that the situation doesn’t worry Prime Minister Narendra […]

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Finance Minister urges World Bank arm IFC to scale up lending to India

Finance Minister urges World Bank arm IFC to scale up lending to India

Finance Minister Nirmala Sitharaman has told the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to increase its lending to India to more than $2 billion in the next two years and to $3-3.5 billion over the next three-four years. IFC managing director Makhtar Diop, who met the Minister in the capital […]

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8,000 schools closed to obtain World Bank loan: TDP accuses Andhra Pradesh governmnet

8,000 schools closed to obtain World Bank loan: TDP accuses Andhra Pradesh governmnet

The Telugu Desam Party (TDP) has made a scathing attack on the State government, accusing it of closing down 8,000 schools in the State. Addressing the media on Thursday, TDP official spokesperson K. Pattabhiram said the State government had put the future of the students at stake with the sole objective of obtaining ₹2,000 crore […]

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