Krishnamurthy V Subramaniam, the Executive Director of the International Monetary Fund (IMF), said on Tuesday that India will continue to be a driver for global.. IndiaTimes
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.
Credit: euronews (in English) Duration: 08:00Published
The Edith and Peter O'Donnell Engineering Award, one of Texas' top academic accolades, was bestowed upon Ashok Veeraraghavan, an Indian-origin computer engineer and professor, for his groundbreaking contributions to imaging technology that aims to render invisible entities visible. This award, granted annually by the Texas Academy of Medicine, Engineering, Science, and Technology (TAMEST) to exceptional researchers in the state, recognizes Veeraraghavan's group's revolutionary imaging technology. Veeraraghavan expressed his delight at receiving the award, attributing it to the innovative research conducted by numerous individuals in the computational imaging lab at Rice University over the past decade. His lab's research encompasses imaging processes comprehensively, integrating optics, detector design, and machine learning algorithms to address imaging challenges beyond the capabilities of existing technologies
#AshokVeeraraghavan #TexasAward #IndianAmericanEngineer #Engineer #WhoIsAshokVeeraraghavan
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India urges a balanced approach between freedom of expression and public safety amid pro-Palestine protests in the US. Spokesperson Randhir Jaiswal stresses democracies are judged by domestic actions. Arrests follow demonstrations at major universities, demanding ties cut with Israeli institutions.
#India #US #RandhirJaiswal #IndiaUSrelations #MatthewMiller #SJaishankar #Jaishankar #Worldnews #Oneinda #Oneindia news
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Mathura's electoral battle takes center stage, fueled by youth angst over unemployment woes. Though the BJP swept Mathura in 2019 with Hema Malini's victory, new alliances have injected uncertainty into the landscape. Amidst high-voltage campaigns, the city's lanes witness intense political outreach, from door-to-door canvassing to rallies, reflecting the stakes. Political narratives vie to capture hearts and minds in Mathura's bustling marketplaces, where economic aspirations lie untapped.
Oneindia's Pankaj Mishra takes a closer look.
#LokSabhaElections #LokSabhaElections2024 #ElectionswithOneindia #GeneralElections2024 #LSElections24 #IndianGeneralElection #ElectionPhase2 #BJPvsCongress #INDIAlliance #NarendraModi #RahulGandhi #ModivsRahul #Oneindia
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The ancient city of Mathura finds itself at the center of a high-stakes political contest as Uttar Pradesh gears up for the second phase of the Lok Sabha elections on April 26. The fate of several prominent faces, including actor Hema Malini, hangs in the balance, adding an air of intrigue to the electoral fray.
Malini, the BJP's candidate from Mathura, is seeking a third consecutive term, banking on her star power and the party's development agenda to woo voters.
However, the opposition has mounted a formidable challenge, with the Congress fielding Mukesh Dhangar. Pankaj Mishra Reports on the mood of the city.
#LokSabhaElections #LokSabhaElections2024 #ElectionswithOneindia #GeneralElections2024 #LSElections24 #IndianGeneralElection #ElectionPhase2 #BJPvsCongress #INDIAlliance #NarendraModi #RahulGandhi #ModivsRahul #Oneindia
Hezbollah signals readiness for broader confrontation with Israel, despite warnings from European and Arab nations. Lebanese Prime Minister Najib Mikati reveals international pressure to halt clashes. U.S. mediator stresses urgency for a southern Lebanon ceasefire. Escalating tensions prompt Israel to deploy troops along the border.
#Hezbollah #NajibMikati #Lebanon #HassanNasrallah #IsraelGaza #Gazawar #Worldnews #Oneinda #Oneindia news
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RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory mechanisms.
#kotakmahindrabankopenaccountzerobalance #kotakmahindrabank #kotakmahindrabanknews #kotakmahindrabankcreditcard #kotakmahindrabankcreditcardapply #kotakmahindrabankpersonalloan #RBI #RBInews #Moneynews #Oneinda #Oneindia news
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We Indians love our food, as diverse and vast our culture is, so is our food. From Mughali, to South Indian, to Desi Chinese to Continental, to our very much loved Ghar Ka Khana we love to eat and a..
The Indian government has named Vikram Misri as the next Deputy National Security Advisor, he will succeed Pankaj Saran, who was ex- Indian envoy to Russia and Bangladesh. Saran’s tenure will be over..
Luxury giant Chanel has appointed Indian-origin Leena Nair as their new CEO. Nair who was the first female and youngest ever Chief Human Resources Officer of Anglo-Dutch FMCG major Unilever stepped..
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