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IMF pegs Asia-Pacific growth at 6 percent in 2012

Mumbai, May 7 : Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year – barring downsides in the global economy. It will...

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IMF pegs Asia-Pacific growth at 6 percent in 2012

Mumbai, May 7 (IANS) Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year – barring downsides in the global economy. It...

View Article

IMF pegs Asia-Pacific growth at 6 percent in 2012

Mumbai, May 7 (IANS) Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year – barring downsides in the global economy. It...

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7% growth possible even without reforms: IMF

The Indian government needs to introduce key reforms to improve infrastructure and address supply-side constraints to check inflation to spur economic growth beyond 7% a year, International Monetary...

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‘New normal’ for India: 7% growth with little govt effort

Will the Finance Minister’s several rollbacks bring foreign investors roaring back in? Probably not. Foreign investors have several other concerns apart from contentious tax and other Budget...

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IMF pegs Asia-Pacific growth at 6 percent in 2012

Mumbai: Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year – barring downsides in the global economy. It will rise to...

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IMF interview: How the European crisis will affect India

A report released by the International Monetary Fund (IMF) on the Regional Economic Outlook for Asia and the Pacific notes that stronger economic and policy fundamentals have helped buffer the...

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Europe’s Cyprus Blunder and Its Consequences

The late Mike Mussa, a former Chief Economist of the International Monetary Fund, noted about some episodes of the late-1990s Asian financial turmoil that “there are three types of financial crises:...

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Today’s Badi Soch

Civil society activists in Bangalore should view the Congress party’s victory in Karnataka’s polls as a platform to renew their demand for making Bangalore India’s primary first-world city. Next door...

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India’s Foreign Policy and Regional Multilateralism

While successful processes of regional multilateralism are taking place in all corners of the world, South Asia and its neighbouring regions have not been able to successfully cooperate in a regional...

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Dreams out, reality in

When a nation starts to descend into a crisis, the satire and ironic humour of its hapless citizenry begins to blossom. India is at that stage. Quiz questions like “What will hit Rs 100 first, a kg of...

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The domestic dimensions of India’s international economic crisis

Summary: As recently as three years ago, India was being hailed by the international community as an upcoming economic superpower along with China. Now, however, the country finds itself wading...

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India needs business activism

Just three years ago, India was viewed as another Asian upcoming economic giant, along with China. Now, instead, the country is in a severe economic slowdown with a potential balance-of-payment crisis....

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Going downhill: Argentine economy

The economic situation in Argentina is deteriorating. The peso devalued by 12.4% in just one day on 23 January,  reaching eight pesos to a dollar at the official exchange rate. The devaluation in the...

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Rethinking material progress

What might an “economics of happiness” look like? This question brought together hundreds of people for a conference in Bangalore on March 15. In an auditorium packed with opponents of a...

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Decoding RBI’s policy on foreign debt

The Reserve Bank of India (RBI) recently issued a curious circular to all banks in India. It barred Indian banks with overseas operations from lending foreign currency to Indian companies, or from...

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Three reasons the BRICS’ bank matters

Although the tragic incident of MH17 now attracts global attention, the real big news last week was the establishment of the BRICS development bank at the BRICS summit in Brazil, which has long-term...

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IMF, RBI and interest rates

Christine Lagarde International Monetary Fund (IMF) Managing Director was in India on 16 March for a two-day trip following the 11 March release of the IMF’s 2014 annual review of the Indian economy....

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The new multilateral financial architecture

The announcement by Britain, France, Germany, Australia and Brazil to join the China-promoted Asian Infrastructure Investment Bank (AIIB) has taken the world by surprise. AIIB, dismissed just a few...

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Will the IMF bend for Ukraine?

The International Monetary Fund (IMF) is scheduled to hold a meeting towards the end of November to review its “lending-into-arrears” policy. [1] This has important geopolitical implications for the...

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