Bombay HC relief to Anil Ambani in bank fraud case
Bombay High Court grants interim relief to Anil Ambani, stays actions by three banks over declaring RCom accounts fraudulent, citing illegal forensic report. Details inside.
Category : Search result: IMF exchange rate classification
DLC Guide Mumbai 2025 Strengthens India's Hospitality Rating
The second edition of the DLC Guide Mumbai 2025 concluded, reinforcing India's first global hospitality rating system. Discover how this initiative elevates standards.
CBUAE revokes Omda Exchange licence, fines Dh10 million
The UAE Central Bank has revoked Omda Exchange's licence and fined it Dh10 million for regulatory breaches. This action strengthens the financial system's integrity for residents. Read more about the enforcement.
IMF's India Statistics Grade Set for 'Remarkable Change' in 2026
Top officials predict a significant upgrade in IMF's assessment of India's official statistics after ongoing data reforms. New CPI & GDP series, aligned with global standards, to be launched in Feb 2026.
PIL in Delhi HC: Reclassify Air Purifiers as Medical Devices
A PIL before Delhi High Court challenges 18% GST on air purifiers, calling them a necessity, not luxury. It seeks reclassification as medical devices to slash tax to 5% for public health.
Gold Price Today: Chennai Highest, Check Rates in Major Cities
Gold prices vary across Indian cities today, with Chennai leading at ₹13,931 per gram for 24K. Check the latest 22K and 18K gold rates in Mumbai, Delhi, Kolkata, and more. Stay updated on your investment.
Top 10 Richest Countries in 2025: IMF Ranking
Discover the top 10 wealthiest nations for 2025 based on GDP per capita (PPP). See which countries lead in prosperity and the key factors behind their economic success.
UK Delegation Visits LPU for Academic Exchange
A high-level UK delegation visited Lovely Professional University to strengthen academic collaboration, cultural ties, and explore student exchange programs. Discover the future of Indo-UK education.
India's Forex Reserves Rise to $688.949 Billion in December
India's foreign exchange reserves surged by $1.689 billion to $688.949 billion for the week ending December 12, RBI data shows. Gold and foreign currency assets saw significant growth. Read the full analysis.
India's $5 Trillion Economy Target Pushed to 2028-29
IMF data shows India's $5 trillion GDP target is delayed by 3-4 years. We analyze the impact on jobs, EMIs, investments, and daily costs for Indian households.
Karnataka Passes SC Internal Reservation Bill
Karnataka Assembly passes SC sub-classification bill, dividing 17% quota among 101 communities. The move lifts a freeze on government appointments and fulfills a Congress poll promise. Read the full story.
Coinbase Enters Prediction Markets via Kalshi Partnership
Coinbase partners with Kalshi to offer prediction markets on sports, elections & economy. This move is part of its vision to become a 24/7 'everything exchange' for US traders.
IMF May Raise India's GDP Growth Forecast to 7%: Gopinath
Former IMF deputy MD Gita Gopinath predicts the Fund will upgrade India's growth forecast closer to 7% for the current fiscal, citing strong Q2 data and global AI spending offsetting tariff impacts.
Karnataka tables Bill for 6-6-5 SC internal reservation
Karnataka govt tables Bill for 6-6-5 internal SC quota, lifting recruitment freeze. Details on categories, excluded tribes, and legal amendments inside.
How Pakistan's Economy Survives Despite Deep Crisis
Pakistan's economy avoids collapse via IMF bailouts & Chinese loans, but structural flaws, elite corruption & regional tensions threaten long-term stability. Explore the full analysis.
Guide to Heart Rate Zones for Effective Exercise
Learn your ideal heart rate for walking, running, and HIIT. Train smarter to boost cardiovascular health, endurance, and fitness. Check your target zones now!
Ex-CJI Gavai defends SC creamy layer verdict, questions critics
Retired CJI Bhushan Gavai addresses criticism of the Supreme Court's verdict extending creamy layer to SCs. He asks if the same yardstick applies to a CJI's son and a labourer's child. Read his full defence.
RBI's Gupta Responds to IMF on India's Growth Data & Rupee
RBI Deputy Governor Poonam Gupta clarifies IMF's procedural concerns on India's growth data quality and the rupee's 'crawling peg' classification, affirming India's managed float stance. Read the full details.
RBI's Gupta Responds to IMF on India's Growth Data & Rupee
RBI Deputy Governor Poonam Gupta clarifies IMF's procedural concerns on India's data quality and the rupee's 'crawling peg' tag. Get the full story on the economic debate.
RBI Cuts Repo Rate by 25 bps as Expected
The Reserve Bank of India's MPC cut the repo rate by 25 basis points to 5.25% in its December policy. This marks a cumulative reduction of 125 bps since February. Read the full analysis.
IMF Mulls More Support for Sri Lanka After Cyclone Ditwah
IMF is assessing options to aid Sri Lanka's recovery from Cyclone Ditwah's devastation. Read about the economic impact and the crucial $3 billion bailout's next steps.
Rupee gains to 89.80 vs USD ahead of RBI policy
Indian rupee extended recovery, rising 9 paise to 89.80 against US dollar in early trade Friday. All eyes on RBI's monetary policy announcement at 10 AM for future direction. Read full analysis.
Kuwait Approves Strict Law Against Illegal Currency Exchange
Kuwait's Cabinet approves a new law imposing jail terms and heavy fines for unlicensed currency exchange to combat money laundering and fraud. Get the full details on the penalties.
Pakistan to Sell Loss-Making PIA via Bidding
Pakistan initiates bidding to privatise loss-making Pakistan International Airlines (PIA), a key step under its $7 billion IMF programme. Read the full details and implications.
Govt to Update GDP Base Year to 2022-23 from 2011-12
Finance Minister Nirmala Sitharaman announced India will update its GDP calculation base year to 2022-23. New data series, reflecting modern consumption, will be released on Feb 27. Read the full story.
IMF 'C' Grade Due to Old Base Year, Says FM Sitharaman
Finance Minister Nirmala Sitharaman clarifies IMF's 'C' rating stems from an old 2011-12 base year, not growth data. India to adopt new 2022-23 base from 2026. Read details.
IMF 'C' Rating Questions India's GDP Data Quality
The IMF's 'C' rating highlights long-standing issues with India's GDP data, including an outdated base year and deflator problems, casting doubt on the impressive 8.2% Q2 growth figure. Experts call for urgent statistical reforms.
IMF's 'C' grade for India's economic data spurs improvement drive
The IMF's critique of India's economic statistics highlights data quality issues but is seen as a cue for improvement, not alarm. India's 8.2% GDP growth for Q2 2025-26 remains robust. Read more.
Gold, Silver Futures Surge to New Peaks in Early Trade
Gold and silver prices surged in Indian markets, driven by a weaker dollar and Fed rate cut expectations. Check today's city-wise rates and expert analysis.
India's 8.2% GDP growth faces IMF data quality scrutiny
India's economy grew at 8.2% in Q2 FY25, its fastest pace in 6 quarters. Yet, the IMF gives its national accounts a 'C' grade, sparking a debate on data quality. We explain the clash and what it means.
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