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Congratulate you for doing it in a budget less than that of 'Interstellar': IMF chief to PM Modi on Chandrayaan-3 success

IndiaTimes Sunday, 10 September 2023
Several world leaders at the G20 Summit here congratulated PM Narendra Modi on the success of Chandrayaan-3, with IMF Managing Director Kristalina Georgieva hailing India for achieving the feat "in a budget less than that of the movie Interstellar", according to sources.During various sessions and meetings of the G20, many world leaders showered praise on India for its lunar mission and also lauded the successful launch of Aditya L1, India's first space-based mission to study the Sun.
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Kristalina Georgieva Kristalina Georgieva Bulgarian politician and economist

Investing in women and girls: Is gender parity the key to economic prosperity? [Video]

Investing in women and girls: Is gender parity the key to economic prosperity?

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

Chandrayaan-3 Chandrayaan-3 Indian lunar lander mission

Chandrayaan-3 mission had huge impact on perception of Indians abroad: Jaishankar

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International Monetary Fund International Monetary Fund International financial institution

IMF Warns of Broad Global Impact Due to Conflict in the Middle East [Video]

IMF Warns of Broad Global Impact Due to Conflict in the Middle East

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
IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News [Video]

IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News

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 ~HT.178~PR.152~GR.123~

Credit: Oneindia    Duration: 02:25Published

Narendra Modi Narendra Modi Prime Minister of India since 2014 (born 1950)

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G20 G20 Forum of 19 countries along with EU and AU

PM Modi speaks to Italian counterpart Giorgia Meloni, thanks her for G7 summit invite

Indian PM Narendra Modi recently had a phone call with Italian PM Giorgia Meloni to mark Italy's 79th Liberation Day. Modi expressed gratitude for the G7 Summit..
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