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New Delhi: Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary Fund (IMF) note has emphasised. Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI…
KUWAIT CITY: All India Majlis-e-Ittehadul Muslimeen (AIMIM) MP Asaduddin Owaisi, who is part of the all-party delegation led by BJP MP Baijayant Panda, has strongly called for Pakistan to be brought back to the Financial Action Task Force (FATF) grey list. Owaisi has strongly advocated for Pakistan’s re-inclusion on the FATF grey list, and said…
Indian Economy News: Chief Executive Officer (CEO) of NITI Aayog, BVR Subrahmanyam said on Saturday that India has left behind Japan and has become the fourth largest economy in the world. Subrahmanyam told the media after the 10th meeting of the NITI Aayog Governing Council that overall global and economic environment is favorable to India….
No news Business India To Take Up Pakistan Funding With World Bank, May Rake Up FATF Grey List Issue New DelhiA few moments ago Copy link India will raise the issue of funding to Pakistan in a meeting with the World Bank in June 2025. Apart from this, the Indian government will also put the…
New Delhi: Amid India’s objections to the International Monetary Fund bailout package to Pakistan, the IMF has said the debt-ridden country “met all the required targets” to receive the latest loan instalment. The IMF recently gave the nod to a $ 1 billion (over Rs 8,000 crore) bailout package to Pakistan even as India expressed…
Quick Read Summary is AI generated, newsroom reviewed. The IMF defended its $1 billion bailout to Pakistan, stating the country met required targets despite India’s concerns over terrorism. The aid is tied to 11 new conditions, including budget approvals and financial strategy planning. New Delhi: The International Monetary Fund (IMF) has defended the $1 billion…
New Delhi: As Pakistan’s economic frailty teeters on the edge, the International Monetary Fund (IMF) has signalled a hardening of stance. It has slapped Islamabad with 11 fresh policy requirements to unlock its next bailout tranche. This brings the total number of conditions to a staggering 50. The latest decision reflects the global lender’s growing…
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New Delhi36 minutes ago Copy link Yesterday’s big news was related to the International Monetary Fund (IMF). The Executive Board of the IMF has given a new loan of $ 1.4 billion (about ₹ 12 thousand crore) to Pakistan under the Climate Rejylines Loan Program. At the same time, State Bank of India (SBI), the…
AIMIM chief Asaduddin Owaisi came down heavily on Pakistan over the IMF’s bailout package amid conflict with India on Saturday and said that the country is an “official beggar”. He stated that the neighbouring country does not even know how to run an economy. Questioning the IMF for providing a bailout package to Pakistan, Owaisi…