Coal to be back again as gas becoming unaffordable: India’s Finance Minister
NEW DELHI: Given the global energy crisis, India’s Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world […]
Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US
WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]
IMF official warns coronavirus will weigh on some economies for years
By Andrea Shalal WASHINGTON:The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start […]