The Indian Mountaineering Foundation (IMF) has posthumously conferred the prestigious Nain Singh-Kishan Singh Lifetime Achievement Award on former Border Security Force (BSF)
Under the Extended Funding Facility (EFF) $7 billion bailout programme for Pakistan, it was agreed that a progress review would be done every six months.
A recent IMF report offers key insights for India amid an increasingly debt-laden global economy.
The recent IMF report presents a mixed picture of the global economy: the immediate threat of recession has receded, and inflation is gradually stabilising, yet a new alarm has been sounded on the surging levels of global debt.
The level of uncertainty surrounding the global economic outlook is high, the report noted on Tuesday
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
In what appears to be an alternative to the International Monetary Fund (IMF), Pakistan Finance Minister Ishaq Dar expressed hope to receive a $3 billion second bailout from Saudi Arabia within days, vowing to raise money through sale of assets to beef up the critically-low foreign exchange reserves.
It added that the recovery was accompanied by significant fiscal consolidation and social support for the most vulnerable.
In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillion which is more than the same period of last fiscal year,
India's foreign exchange reserves on Friday fell by $3.85 billion to $524.52 billion for the week ending on October 21, according to the latest data released by the Reserve Bank of India (RBI).
