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The Latest Breaking News from Krishna Srinivasan

Global Market: IMF warns of energy shock, AI correction risks to Asia's growth outlook

The IMF warned that Asia’s economic growth may slow to 4.4% in 2027 amid energy price shocks, Middle East conflict, AI market correction risks and rising bond yields. It urged central banks to prioritise price stability and governments to provide targeted fiscal support while managing inflation and debt pressures.

The Economic Times · 2h ago

IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentals

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamentals which allow it to manage external pressures effectively. The exchange rate fluctuations are not indicative of economic failure according to IMF officials. Structural reforms and domestic demand…

The Economic Times · 4h ago

Asia set to ‘continue to outpace the world’, says IMF, as it asks central banks to stay focused on price stability

Asia's central banks are advised to potentially tighten monetary policy in response to rising inflation expectations. Inflation has been impacted by an oil shock from the ongoing Middle East war, raising near-term price expectations. The International Monetary Fund emphasizes the need for clear communication from central banks on maintaining price…

The Economic Times · 4h ago

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Madras High Court dismisses PIL filed against Kudankulam Nuclear Power Project

Madras HC dismisses PIL against KKNPP, noting SC had found it complied with all safety norms. NPCIL, TN Govt ensuring only natural growth of population in sterilized zone. AERB, MoEFCC to monitor project regularly.

The Hindu · Oct 3, 2023

India is doing better and in relative bright spot compared to others: IMF

WASHINGTON: When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund (IMF) official said on Tuesday.

The Times of India · Oct 12, 2022

Madras High Court restrains University of Madras from conducting syndicate elections

An academic council member had approached the court alleging rejection of her nomination on a flimsy ground

The Hindu · Sep 21, 2022

IMF downgrades Asia Pacific forecast

The International Monetary Fund (IMF) has lowered its growth forecast for the Asia Pacific region this year to 4.2% -- 0.7 percentage point lower than it expected in April, and well below the region’s 6.5% growth in 2021.

Bangkok Post · Jul 29, 2022

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Some Asia economies need rapid rate hikes to cool inflation: IMF

IMF director for Asia and Pacific says rapid increases needed to prevent “upward spiral” in inflation.

Al Jazeera · Jul 29, 2022

IMF says Sri Lanka needs to talk with China about debt restructuring

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.

Reuters · Jul 27, 2022

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