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Rajan's right: Govt should compensate PSBs, not use them as extended arms

Aug 28, 2015

Rajan's right: Govt should compensate PSBs, not use them as extended arms

When government forces state-run banks to carry out financial sector activities, but refuses to fully compensate them, that creates distortions in their business. #Economy #RBI #IMF #Narendra Modi #ConnectTheDots #Agriculture #International Monetary Fund #Arun Jaitley #Raghuram Rajan #Aadhaar #public sector banks #Indian Banks Association #Indradhanush #Make In India #Jan Dhan Yojana
India can replace China as driver of global growth: Jaitley

Aug 27, 2015

India can replace China as driver of global growth: Jaitley

According to IMF, India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 percent. #Economy #Inflation #India #China #IMF #International Monetary Fund #TheySaidIt #Arun Jaitley #Raghuram Rajan
Government steps up rate cut pressure on RBI

Aug 20, 2015

Government steps up rate cut pressure on RBI

The RBI, however, has remained far more cautious, specifically on the outlook for the monsoon season, which has roughly another month to run and has a huge influence on food prices in the country. #Economy #RBI #NewsTracker #International Monetary Fund #Moody's #Arun Jaitley #Raghuram Rajan #Rate cut
Dr Rajan, it's time for the RBI itself to buy gold - as Subbarao did in 2009

Aug 11, 2015

Dr Rajan, it's time for the RBI itself to buy gold - as Subbarao did in 2009

The fall in global gold prices is an opportunity for the RBI to buy gold for its reserves. The same logic that applied in 2009, when it bought gold from the IMF, applies now. #Economy #RBI #Duvvuri Subbarao #InMyOpinion #International Monetary Fund #Raghuram Rajan #Gold reserves
Dissent from rebels, but Greece PM gets parliament mandate for seeking fresh credit line

Jul 11, 2015

Dissent from rebels, but Greece PM gets parliament mandate for seeking fresh credit line

The measures received nitial green light from European Union and International Monetary Fund before a crucial meeting of the 19 euro zone finance ministers in Brussels #International Monetary Fund #European Union #bailout #credit line #Tsipras #Greece PM
Greece races against clock to submit reform proposal

Jul 08, 2015

Greece races against clock to submit reform proposal

Tsipras insisted last Sunday's referendum result, in which voters soundly rejected a previous creditors' reform proposal, does not mean a break with Europe. #Economy #NewsTracker #Greece #International Monetary Fund #Eurozone #European Commission #Jean-Claude Juncker #Alexis Tsipras #European Parliament
Greek PM Alexis Tsipras vows to go ahead with controversial bailout referendum

Jul 02, 2015

Greek PM Alexis Tsipras vows to go ahead with controversial bailout referendum

Greek Prime Minister Alexis Tsipras has vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote. #IMF #NewsTracker #Greece #International Monetary Fund #EU #Brussels #Alexis Tsipras #Greek
Greece won't pay  its IMF debt due today, says French minister

Jun 30, 2015

Greece won't pay its IMF debt due today, says French minister

Greece will not pay a 1.6 billion euro debt installment to the International Monetary Fund due on Tuesday, but Athens still holds out hope of a last-minute deal with creditors on an aid package, Finance Minister Yanis Varoufakis said. #Finance minister #Greece #International Monetary Fund #Athens #Aid #Yanis Varoufakis
Global stocks go for a tumble after Greece closes banks

Jun 29, 2015

Global stocks go for a tumble after Greece closes banks

The ECB is committed to buying 60 billion a month in bonds to push down interest rates and help economies that use the euro. #Economy #Greece #Credit Suisse #International Monetary Fund #Euro #markets #European Central Bank #MarketClose #Alexis Tsipras #Athens Stock Exchange
Grexit: There is a good reason why the world's going nuts over Greece

Jun 29, 2015

Grexit: There is a good reason why the world's going nuts over Greece

The bailout money helps keep the Greek economy going and at the same time helps repay the debt that is falling due. #Economy #Greece #ConnectTheDots #International Monetary Fund #euro zone #European Central Bank #European Commission #Alexis Tsipras #Grexit