Reforms in states
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
Fiji Prime Minister Sitiveni Ligamamada Rabuka effusively praised Prime Minister Narendra Modi on Wednesday and called him the real "Boss" of the world.
The International Monetary Fund (IMF) retained its growth projection for India at 6.5 per cent for FY26 and FY27, holding that it is “in line with potential.”
Anura Kumara Dissanayake’s meteoric rise to the presidency in Sri Lanka has been followed by a sobering realisation: the promises made during a campaign in the heat of a national crisis are far easier to make than to keep.
The Indian Mountaineering Foundation (IMF) has posthumously conferred the prestigious Nain Singh-Kishan Singh Lifetime Achievement Award on former Border Security Force (BSF)
Final approval of the SDR allocation by the Board of Governors requires an 85 percent majority of the total voting power of all IMF members.
The SDR allocation will boost the liquidity and reserves of all our member countries, build confidence, and foster the resilience and stability, according to IMF MD Kristalina Georgieva
Surging reserves can be a double-edged sword as there is a cost to holding them. High reserves will obviously lead to appreciation of the currency and rise in inflation, because capital inflows that result in high reserves are used to buy domestic currency, thereby expanding the domestic monetary base without a corresponding increase in production, and this causes a rise in inflation.
Increasing price on carbon will encourage innovation and transition to renewable energy, clean mobility, and low carbon technologies
Jonathan Otry, the Deputy Director of the IMF`s Asia Pacific Department, said that "the current surge in infections presents a worrisome downside risk revisions" for India.
