IMF urges Lebanon to make immediate and substantial fiscal adjustment

Jun 22 2018

Lebanon requires “an immediate and substantial” fiscal adjustment to improve the sustainability of public debt that stood at more than 150% of GDP at the end of 2017.

PM seeks double-digit GDP growth, raising India's share in world trade

Jun 22 2018

Modi spoke of targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to be doubled to 3.4 %.

Greece gets debt relief from euro zone

Jun 22 2018

Euro zone finmin extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens stand on its own feet

Euro zone to decide on Greek debt relief as bailout exit nears

Jun 21 2018

Euro zone finance ministers will decide how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens.

US current account deficit widens to 2.5 percent of GDP

Jun 20 2018

The U.S. current account deficit widened in the first quarter, driven by increases in goods imports, the Commerce Department said on Wednesday in a report.

Gloomy job market may hit economy hard: Former NASSCOM chief

Jun 20 2018

Former NASSCOM President R Chandrashekhar today sounded a note of caution on the economy, saying it could be disrupted if job growth was not constant.

RBI Governor, others voted for rate hike on inflation risks

Jun 20 2018

RBI Governor Urjit Patel voted for interest rate hike citing inflation risks and related uncertainties while his deputy Viral Acharya felt there was no alternative to it by 25 basis points.

India shelves Air India sale plan after failing to attract buyer

Jun 20 2018

India has shelved its sale of Air India after failing to attract buyers, local media quoted a government minister as saying.

Fed's Kaplan sees muted economic hit from any oil price rise

Jun 19 2018

Robert Kaplan said that a 10-percent increase in oil prices would likely have only a relatively modest negative impact on U.S. GDP growth.

India has potential to become a $10 tn economy by 2030: Official

Jun 19 2018

India has the potential to become a $10 trillion economy by 2030, a top government official said.

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