NEW DELHI/WASHINGTON: Finance minister Nirmala Sitharaman has said that the next Budget will be carefully structured to address the twin challenges of high inflation and slowing growth, while sounding optimistic about the Indian economy expanding by around 7% during the current financial year. “Specifics (of the next Budget) may be difficult at this stage because … Read more
NEW DELHI: The International Monetary Fund on Tuesday vowed to expand its work on crypto assets, amid a call from finance minister Nirmala Sitharaman to evolve a consensus to deal with digital assets. During a panel discussion early Tuesday morning (India time), Sitharaman flagged concerns over possible misuse of private digital currencies for money laundering … Read more
NEW DELHI: India’s economy is estimated to grow by 8.2% in the current fiscal year (2022-23), sharply slower than the International Monetary Fund’s (IMF) earlier forecast of 9% as the impact of Russia’s invasion of Ukraine weighs heavily on prices and disruption of supply chains. In its latest World Economic Outlook (WEO) report, the IMF … Read more