Stay updated with the latest international-monetary-fund news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on international-monetary-fund topics.
Mumbai (Maharashtra) [India], August 3 (ANI): India's foreign exchange reserves rose by USD 2.703 billion to USD 698.192 billion for the week ending July 25, after falling for three consecutive weeks, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week, the country's foreign exchange reserves fell by USD 1.18 billion to USD 695.49 billion. In the week ending July 25, foreign currency assets, the major constituent of the forex reserves, ros ...Read More >
New Delhi [India], July 20 (ANI): India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country. It brings all your bank accounts together in one mob ...Read More >
Mumbai: India's foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second consecutive week of decline, according to official data released by the Reserve Bank of India (RBI). In the previous reporting week ending July 4, the country's forex reserves had slipped by USD 3.049 billion to USD 699.736 billion. In the week ending July 11, foreign currency assets -- the major component of forex reserves -- fell by USD 2.477 billion to USD ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): India's foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second straight week of decline, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week of July 4, the country's forex reserves witnessed a slip of USD 3.049 billion to USD 699.736 billion. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 20, 2025 Declared, C ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): India foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second straight week of decline, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week of July 4, the country forex reserves witnessed a slip of USD 3.049 billion to USD 699.736 billion. In the week ending July 11, foreign currency assets, which are the major constituent of the f ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
New York: India has called for urgent and time-bound UN Security Council reforms while reiterating its strong commitment to the implementation and review of the "Pact for the Future" agreement to strengthen global cooperation. Speaking at an informal dialogue on Thursday, India's permanent representative to the UN Ambassador Parvathaneni Harish also stressed the importance of coherence with G20, World Trade Organisation, World Bank, and IMF processes. The Pact for the Future is a United Nations ...Read More >
Economy 2 min read India to become a global employment epicenter amid shift in global labour market: Crisil India to become a global employment epicenter as the global labour market is undergoing rapid transformation, with rising demand of skilled workers across economies as ageing population in many countries and businesses are adopting digitisation, according to a report by Crisil Intelligence. New Delhi [India], July 15 (ANI): India to become a global employment epicenter as the global labou ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
New Delhi [India], July 12 : Noting that Indian strikes during Operation Sindoor were a message about its capability ... New Delhi [India], July 12 : Noting that Indian strikes during Operation Sindoor were a message about its capability not just to Pakistan, but to the world, a leading international security expert has said that New Delhi demonstrated not just capability but showed the will to strike with precision and restraint. In a video interview with ANI, warfare scholar and expert John ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. Also Read | Bodoland Lottery Result Today, July 12, 2025: Assam State Lottery Sambad Saturday Lucky Dra ...Read More >
Mumbai: India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the foreign currency assets, slipped USD 3.5 ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country's forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the fo ...Read More >
Mumbai (Maharashtra) [India], July 12 (ANI): India foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD 699.736 billion for the week ending July 4 amid the uncertain global trade environment, official data released by the Reserve Bank of India showed. In the preceding week, the country forex reserves registered an uptick of USD 4.8 billion to USD 702.78 billion. In the week ending July 4, according to the RBI data, the major component of the forex reserves, the foreig ...Read More >
MUMBAI : Shiv Sena (UBT) MP Sanjay Raut on Friday posted a video on X purportedly showing the state's social justice minister Sanjay Shirsat of the Shiv Sena sitting in a room along with a partially opened bag containing what look like bundles of currency notes. Shirsat, however, rubbished the claim, saying the bag only contained clothes.The allegation came a day after it emerged that Shirsat had received a notice from the income tax department seeking an explanation for increase in his financia ...Read More >
NEW DELHI: The rise in UPI payments has helped reduce use of cash in India, a new paper by a team from IMF has said, while using proxies, such as cash withdrawal from ATMs and currency in circulation as a proportion of GDP."Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India. India now makes faster payments than any other coun ...Read More >
New Delhi, July 11 (SocialNews.XYZ) The country's gold reserves grew by $342 million during the week, reaching $84.846 billion, according to the latest weekly data released by Reserve Bank of India (RBI) on Friday. Along with gold, Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $39 million to $18.868 billion. Additionally, India's reserve position with the IMF also rose by $107 million to $4.735 billion, the data showed. This uptick in reserves comes at ...Read More >
Mumbai, Jul 11 (PTI) India's forex reserves dropped by USD 3.049 billion to USD 699.736 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 4.849 billion to USD 702.784 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. Also Read | ITR Filing for FY2024-25: ITR-2 and ITR-3 Excel Utilities Released by Income Tax Department, Here Are Key Things To Know for Taxpayers. For th ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transa ...Read More >
New Delhi: Prime Minister Narendra Modi on Monday called on Brics countries to work together in order to secure critical mineral supply chains and ensure that no one nation is able to dominate and weaponize these resources. His call at the 17th Brics Summit in Rio de Janeiro comes amid a Chinese chokehold on global rare earth supplies. Brics is a group of 11 countries that was set up by Brazil, Russia, India, China and South Africa. Modi said it was important to make critical mineral supply ch ...Read More >
CHENNAI: India emerged as a key architect of the BRICS agenda -- driving local-currency trade, global governance reform, green investments, and digital regulation. These developments offer strong tailwinds for sectors spanning finance, infrastructure, technology, agriculture, and clean energy. With India set to assume BRICS Chairmanship in 2026, its businesses are well-positioned to capitalise on newfound opportunities. Following are some of the highlights from the Summit as far as such opportu ...Read More >
New Delhi: India's foreign exchange reserves rose by USD 4.84 billion to USD 702.78 billion for the week ending June 27, close to the record high of USD 704.89 billion in September 2024, according to RBI data. This is a strong recovery from January when reserves had dropped to around USD 624 billion. The increase came mainly from foreign currency assets, which jumped by USD 5.75 billion to USD 594.82 billion, while gold reserves fell by USD 1.23 billion to USD 84.5 billion. Special Drawing Rig ...Read More >
New Delhi: BRICS, the developing world's stand-in to the G-7 grouping. was expanded at the Kazan Summit, last year. Post expansion, Indonesia, Iran, Egypt, Ethiopia, Saudi Arabia and the UAE have joined the founding members Brazil, Russia, India, China and South Africa. In a world divided in silos, BRICS nations are advancing pragmatic pluralism. Under its presidency, Brazil has resisted strong pressures to position BRICS as an anti-West alliance. Six key agenda points at the 2025 Summit in Ri ...Read More >
India's Latest Forex Reserves: India's foreign exchange reserves rose sharply by $4.84 billion to $702.78 billion in the week ended June 27, bringing them within striking distance of the all-time-high level of $704.89 billion recorded in end-September 2024, according to the latest data released by the Reserve Bank of India (RBI). This marks a strong rebound from late January levels, when reserves had fallen to a multi-month low of around $624 billion. The gain was led by an increase in foreign ...Read More >
India is pressing multilateral development banks (MDBs) to lend more in Japanese yen and Indian rupees in an attempt to reduce borrowing costs and manage exchange rate risks more effectively, two officials aware of the matter said. New Delhi has steadily expanded loans and official development assistance (ODA) in yen to gain from ultra-low interest rates and the rupee's appreciation against the Japanese currency. Many of these loans finance infrastructure and development projects. "Yen rates r ...Read More >
Mumbai: India's foreign exchange reserves once again crossed the $700 billion mark, reaching $702.78 billion for the week ending June 27, according to data released by the Reserve Bank of India (RBI) on Friday. This marks a significant rise of $4.8 billion from the previous week, when reserves stood at $697.93 billion. This is the first time in nine months that India's forex reserves have gone above the $700 billion level. The reserves had last touched an all-time high of $704.88 billion in en ...Read More >
Mumbai (Maharashtra) [India], July 4 (ANI): Shiv Sena (UBT) leader Aaditya Thackeray on Friday slammed the Centre for allegedly granting a nod to Pakistan to play the Hockey Asia Cup in India. Speaking to reporters, Thackeray said, "Hockey Asia Cup is going to be held in Bihar. The Union Ministry of Sports has given an NOC to Pakistan's team to participate in it. If no one objects, BCCI will soon grant permission to Pakistan to participate in the Cricket Asia Cup as well. Now, when we are fight ...Read More >
New Delhi: Defence Minister Rajnath Singh and his American counterpart Pete Hegseth have agreed to firm up a 10-year framework to further expand defence and strategic ties between India and the US. The decision on the defence framework was mentioned in a Pentagon statement that was released on Wednesday, a day after Singh and US defence secretary Hegseth held a phone conversation. "Secretary Hegseth and minister Singh agreed to sign the next 10-year US-India defence framework when they next me ...Read More >
Noting that Chief Minister Bhagwant Mann appointed former IMF senior economist Arbind Modi as chief adviser and former World Bank economist Sebastian James as adviser to revive Punjab's struggling economy, Bajwa questioned the effectiveness of the appointments. "Is this the expertise that globally renowned economists are offering the AAP government? Even AAP leader Arvind Kejriwal, who often boasts about his revenue management skills, has failed to support Punjab in its hour of need," he said. ...Read More >
New Delhi, Jul 2 (PTI) As Prime Minister Narendra Modi embarked on a five-nation tour, Trinamool Congress MP Mahua Moitra on Wednesday called him a "globetrotting" PM and asked why diplomatic efforts of the government were "unable" to isolate Pakistan at the global stage. In a video statement, Moitra said Modi is "probably the one Prime Minister who's travelled the most on taxpayers' money, apparently cementing India in the global world order and making sure that we are in prime position". "A ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.