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
COLOMBO: In an “unstinted and multi-faceted support” to Sri Lanka which is grappling with its worst-ever economic crisis, India has extended the duration of the $400 million currency swap facility which had been concluded with the island nation in January. This was the first extension of an international debt instrument to Sri Lanka after the … 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