Those who have met Basu know him to be a forthright person. His respect and admiration for Manmohan Singh, the former prime minister as well as the person, comes out strongly. So does his admiration f...

An investigation into the manipulation of an annual World Bank report has found that Kristalina Georgieva, the bank’s former chief executive, who now leads the International Monetary Fund, direc...

The World Bank said on Tuesday that it had halted disbursements of aid money to Afghanistan as it assesses how the Taliban plan to rule the country. A World Bank spokesperson said that the internatio...

India's foreign exchange reserves decreased by $2.099 billion to stand at $619.365 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI data showed on Friday.&n...

Nobel laureate economist Abhijit Vinayak Banerjee on Thursday apprehended that the impending third wave of the Covid-19 pandemic might adversely impact the GDP, and its growth rate might go down to 7 ...

The International Monetary Fund is sharply upgrading its economic outlook this year for the world's wealthy countries, especially the United States, as Covid-19 vaccinations help sustain solid reb...

The IMF has lowered its growth forecast for the country to 9.5 per cent for this fiscal from its earlier projection of  12.5 per cent in April, which is the same as the RBI forecast of 9.5 per ce...

The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to March 31, 2022 as the onset of a severe second Covid-19 wave cut into...

Touted as a counter-response to China’s Belt and Road Initiative project, the G7, an inter-governmental political forum of the world’s wealthiest democracies comprising the United States o...

I can do no better than quote I.G. Patel, the famous economist of his time, about the situation which India faced in 1991. In a talk he had delivered in Bangalore sometime in 1991, he had referred to ...