Islamabad: Cash-strapped Pakistan has received a rollover of an additional USD 600 million loan from its all-weather ally China to help shore up the country’s foreign exchange reserves on the back of an IMF deal, Prime Minister Shehbaz Sharif said on Tuesday. It is in addition to the over USD 5 billion in loans that…
Mumbai, Jul 18 (PTI) Equity benchmark indices Sensex and Nifty continued their record-breaking rally on Tuesday, reaching new all-time high closing levels, amid fresh foreign fund inflows and a positive trend in the US and European markets. Robust buying in IT major Infosys also contributed to the domestic benchmark indices optimism. The 30-share BSE Sensex…
Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of…
New Delhi: Finance Minister Nirmala Sitharaman and Canadian Deputy Prime Minister Chrystia Freeland on Sunday discussed the progress being made on ongoing bilateral trade negotiations. The two ministers met on the sidelines of the 3rd Finance Ministers and central bank governors meeting in Gandhinagar, Gujarat. Freeland, who is also the finance minister of Canada, said Canadian…
Hampi: Top negotiators of G20 nations complimented New Delhi’s efforts to deliver “strong outcomes” at the grouping’s upcoming summit to deal with key global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India’s G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas’ meeting…
London: The President of the European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD…
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Mumbai: India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday. In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion. In October 2021, the country’s forex kitty had reached an all-time…
New Delhi: The deflation in the wholesale price continued for the third month in a row in June, with WPI contracting to a nearly eight-year low at (-) 4.12 per cent on account falling prices of food products, fuel and basic metals, according to official data released on Friday. The Wholesale Price Index (WPI) based…
New Delhi: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price Index (CPI) stood at 4.31 per per (revised upward from 4.25 per cent) in May and 7 per cent in June 2022….
