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IMF Live News Updates: IMF hails India’s rapid growth, urges deeper reforms and private push, says IMF MD Kristalina Georgieva
16 Oct 2025 | 06:51:48 PM IST
Synopsis
IMF Live News Updates: IMF hails India’s rapid growth, urges deeper reforms and private push, says IMF MD Kristalina Georgieva
IMF Live News Updates: IMF hails India’s rapid growth, urges deeper reforms and private push, says IMF MD Kristalina Georgieva
1 New Update
IMF Regional Economic Outlook for Asia & Pacific
- We project the region to grow by 4.5% in 2025 and 4.1% in 2026: IMF
- Inflation expected to stay muted in most countries: IMF
- Key factors driving resilience in Asia Pacific: IMF
- The chinese economy has remained resilient despite increasing tariffs: IMF
- Growth is likely to moderate from 4.7% this year to 4.2% next year: IMF on China
- Indian economy to grow at 6.6 pc this year, fastest among major emerging. Welcome GST reforms help offset impact tariffs: IMF
IMF Backs India
- India is one of the fastest growing economy. It contributes to global growth substantially: IMF
- There is a significant change. The largest economy of world has chosen to use tariffs as an instrument in relation with partners: IMF
- The rest of the world has not followed so far. Out of 191 members of IMF, we have seen only 3 moving more forcefully on tariffs - US, China and Canada
- India itself can aim for a higher degree of trade integration with partners. India has still maintained some barriers to trade - tariffs, restrictions: IMF
- India itself can aim for a higher degree of trade integration with partners. India has still maintained some barriers to trade - tariffs, restrictions: IMF
- One of the reasons why world economy is doing productivity well is easy financial conditions: IMF
- India can bring reforms to open sectors for more private sector investment: IMF
- Strategic direction for India - look at future sources of growth: IMF
IMF MD on global policy agenda
- The forces of change making global economy less predictable: IMF MD Kristalina Georgieva
- I have had extensive meetings with regional groups across the membership: IMF MD
- AI will contribute to growth, somewhere between 0.1 to 0.8%. This is significant: IMF
- We are stuck at 3% growth right now. To extract that growth from AI, it would be very significant for the world: IMG MD
- AI Preparedness Index prepared by IMF: IMF MD announced
- Preparedness really matters, and it is happening fast. we don't really have much time: IMF MD on AI
- China has been quite resilient to the turbulence that world has experienced: IMF
- We expect growth to slow down to 4.2%: IMF on China
- China is growing faster than global average, and it is contributing to global growth: IMF
Bihar Elections 2025: BJP releases a list of star campaigners for phase 1
No telephone conversation between Modi & Trump yesterday: MEA
India’s External Affairs Ministry on Thursday said it is “not aware of any conversation” between Prime Minister Narendra Modi and US President Donald Trump regarding Russian oil purchases, amid Trump’s claims that Modi had assured him India would stop buying crude from Russia
Read more here
Read more here
MEA on Pak-Afghan clashes
- We are closely minitoring the situation on Pak-Afghan border: MEA
- India to upgrade its technical mission in Kabul to embassy in next few days: MEA
- India is buying oil from Brazil, does not reveal the quantity of oil purchases: MEA
Afghanistan-Pakistan border clashes killed 40 civilians
Clashes along the border between Afghanistan and Pakistan killed 40 civilians before a truce halted the violence, a health official in southern Afghanistan told AFP
All 16 Gujarat ministers resign ahead of reshuffle
All 16 ministers submit resignations to Gujarat Chief Minister Bhupendra Patel ahead of cabinet expansion, as per state BJP sources
Karnataka cabinet decides to bring rules to prevent RSS activities on government school/college premises
- Priyank Kharge
Earthquake of magnitude 3.7 strikes Myanmar
An earthquake measuring magnitude 3.7 struck Myanmar on Thursday, according to a statement by the National Centre for Seismology (NCS). The tremor occurred at a shallow depth of 10 kilometres, which increases the likelihood of aftershocks.
Rashtriya Lok Morcha releases another list of two candidates for the Bihar Elections 2025
In last 16 months vehicle of development has moved very fast in Andhra Pradesh: PM Modi in Kurnool
PM Modi pays tribute to Chhatrapati Shivaji Maharaj during Kurnool address
Andhra Pradesh: Addressing a gathering in Kurnool, PM Modi says, “After having the divine darshan at Srisailam, I had the opportunity to visit the Shivaji Inspiration Centre and pay my respects there. From the bottom of my heart, I bow to Chhatrapati Shivaji Maharaj”.
The 21st century is going to be the century of India: Modi
He was addressing a gathering in Andhra Pradesh's Kurnool
PM Narendra Modi inaugurates and lays the foundation stone for various development projects in Kurnool
Rupee rises 25 paise to close at 87.83 (provisional) against US dollar
Andhra Pradesh: PM Narendra Modi receives grand welcome in Kurnool
Search operation underway in J-K's Udhampur
Security forces launched a search operation in Jammu and Kashmir’s Udhampur district on Thursday after receiving information about suspicious movement in the area
Kurnool, Andhra Pradesh | Prime Minister Narendra Modi greets the audience and supporters
Ashok Leyland secures major Tamil Nadu order for 1,937 State Transport buses
Ashok Leyland announced on Thursday that it has secured a significant order from the Tamil Nadu State Transport Undertakings (TNSTUs) for 1,937 buses, further deepening its decades-long association with the state’s public transport network.
The order, one of the largest placed by TNSTU in recent years, will see Ashok Leyland supply a mix of fully built buses and chassis configurations suited for town, mofussil, and State Express Transport Corporation (SETC) operations, according an exchange filing by the commercial vehicle major.
The vehicles will feature the company’s iGen6 BS-VI technology and are built on an AIS 153-compliant chassis, designed to meet the latest safety and performance standards.
The order, one of the largest placed by TNSTU in recent years, will see Ashok Leyland supply a mix of fully built buses and chassis configurations suited for town, mofussil, and State Express Transport Corporation (SETC) operations, according an exchange filing by the commercial vehicle major.
The vehicles will feature the company’s iGen6 BS-VI technology and are built on an AIS 153-compliant chassis, designed to meet the latest safety and performance standards.
Arrested Reliance Power CFO sent to judicial custody
Reliance Power CFO Ashok Pal—who resigned following his arrest— was sent to judicial custody on Thursday, with the final order on the matter reserved for October 18.
Bangladesh prosecution demands death penalty for ex-PM Hasina (AFP)
Singapore police to meet Assam police team on October 21 as part of probe into Zubeen Garg's death: Assam CM Himanta Biswa Sarma
Various parts of Tamil Nadu receive heavy rainfall
SC fixes Nov 4 for hearing legal issues related to Special Intensive Revision exercise of electoral rolls in Bihar
ED raids 20 premises in illegal iron ore export case via Belekeri Port
Bangalore Zonal office, ED is conducting searches at 20 Premises located in Bangalore, Hospet and Gurugram on Thursday in connection with illegal Iron Ore export through Belekeri Port.
The investigation under provisions of PMLA,2002 in this case has been initiated based of FIRs registered and charge-sheets filed by CBI on the directions of the Hon’ble Supreme Court of India, in the cases of illegal export of iron ore from the Belekeri Port of Karnataka.
The following entities who were major beneficiaries of the Illegal Iron ore export through Belekeri Port is being covered along with their key management persons:
1.M/s MSPL Ltd (Baldota Group)
2.M/s Greentex Mining Industries Ltd.
3.M/s Srinivasa Minerals Trading Co
4.M/s Arshad Exports.
5.M/s SVM Nett Project Solutions Pvt. Ltd.
6.M/s Alphine Minmetals India Pvt. Ltd.
The main allegation against the individuals and the entities covered in the search is that they have illegally excavated/purchased/sold/transported Iron ore without paying due taxes and royalty. This has caused huge loss to the state exchequer and has caused immense damage to the environment.
In the process, these entities/individuals have generated proceeds of crime and projected them as untainted.
Further investigation is in progress
The investigation under provisions of PMLA,2002 in this case has been initiated based of FIRs registered and charge-sheets filed by CBI on the directions of the Hon’ble Supreme Court of India, in the cases of illegal export of iron ore from the Belekeri Port of Karnataka.
The following entities who were major beneficiaries of the Illegal Iron ore export through Belekeri Port is being covered along with their key management persons:
1.M/s MSPL Ltd (Baldota Group)
2.M/s Greentex Mining Industries Ltd.
3.M/s Srinivasa Minerals Trading Co
4.M/s Arshad Exports.
5.M/s SVM Nett Project Solutions Pvt. Ltd.
6.M/s Alphine Minmetals India Pvt. Ltd.
The main allegation against the individuals and the entities covered in the search is that they have illegally excavated/purchased/sold/transported Iron ore without paying due taxes and royalty. This has caused huge loss to the state exchequer and has caused immense damage to the environment.
In the process, these entities/individuals have generated proceeds of crime and projected them as untainted.
Further investigation is in progress
China says purchases of Russian oil 'legitimate', rejects US 'bullying'
Reported AFP.
PM Modi offers prayers at Mallikarjuna Swamy temple in Andhra's Srisailam
Zubeen's death: Situation in violence-hit Baksa in Assam 'under control', say police
A day after the police baton-charged and fired tear gas shells to disperse a mob that attacked the convoy carrying the five arrested people in connection with singer Zubeen Garg's death, the situation in the violence-hit area of Assam's Baksa district was ''under control'' on Thursday, an officer said.
EAM Jaishankar calls on PM of Sri Lanka, Dr. Harini Amarasuriya, in Delhi
CM Pushkar Singh Dhami inaugurats construction work of tricolour installation at Kanjabag Tiraha
MakeMyTrip rolls out new Semantic Search feature to simplify looking for hotels, homestays; ups AI capabilities
MakeMyTrip, one of India’s leading online travel company, announced on Thursday that it has introduced Semantic Search, an advanced AI feature to aid customers find hotels and homestays. The new tool allows travellers to search for accommodation using natural language with simple descriptions, eliminating the need to use cumbersome filters.
Built on the same AI framework as the recently announced "Myra" trip assistant, the system is designed to interpret and act on open-ended queries, focusing on the traveler's intent, the company said in a press release.
Moreover, the feature moves beyond rigid search parameters, allowing for highly specific requests.
Users can now input specific demands such as "pet-friendly hotels in Manali with a swimming pool" or "heritage stays near Jaipur forts with parking."
Built on the same AI framework as the recently announced "Myra" trip assistant, the system is designed to interpret and act on open-ended queries, focusing on the traveler's intent, the company said in a press release.
Moreover, the feature moves beyond rigid search parameters, allowing for highly specific requests.
Users can now input specific demands such as "pet-friendly hotels in Manali with a swimming pool" or "heritage stays near Jaipur forts with parking."
India to host 2030 Commonwealth Games in Ahmedabad
UK economy grows 0.1% in August after July slump
BLS International wins MEA contract for Indian Visa Centers in China
BLS International Services Limited has been awarded a contract by the Ministry of External Affairs, Government of India, to establish and operate Indian Visa Application Centers in China. This contract will be valid for a period of 3 years, effective October 14, 2025.
ED chargesheets Elvish Yadav, Fazilpuriya for wildlife offence linked money laundering case
The Enforcement Directorate has filed a chargesheet against YouTuber Siddharth Yadav alias Elvish Yadav, his friend and singer Rahul Yadav alias Fazilpuriya apart from two others, and charged them with money laundering in an alleged wildlife crime involving protected snakes and lizards, official sources said.
Kerala Minister slams school for 'politicising' hijab row
On the Kerala school hijab row, State Minister V. Sivankutty says, "The government made its stance clear yesterday. The school management is trying to politicise the issue. When the stance was clarified yesterday, there were threats from the school management’s side. They are portraying the government in a very negative light. Upon receiving a complaint, a natural investigation was conducted. Submitting a report after the inquiry is a normal procedure...What is happening is a deliberate attempt to politicise the issue. The school management’s aim is not to resolve the problem but to criticise the government. A Facebook post by a journalist on the matter has come to our attention. In that post, he has revealed everything. We have also seen a video of the lawyer being asked about her links with the Congress party. Regardless of who attempts to create communal divisions, the government will not tolerate it. The law will take its own course."
Delhi: Union Minister JP Nadda meets former UK PM Rishi Sunak
Goregaon-Mulund Link Road project: SC to hear BMC plea for nod to fell more trees
The Supreme Court on Thursday agreed to consider listing the Brihanmumbai Municipal Corporation's plea seeking a nod to fell more trees for the Goregaon-Mulund Link Road (GMLR) project subject to compensatory afforestation.
BSP chief Mayawati holds a meeting with party workers in Lucknow
Shoe attack: SC indicates it may consider hearing matter post-Diwali break, says "Let's see if saleable points are still left after a week"
Bihar Assembly Polls: JD(U) release second list of 44 candidates
India to stop buying Russian oil like Trump claims? MEA issues a statement
The External Affairs Ministry on Thursday said the current US administration has shown interest in deepening energy cooperation with India, and discussions are ongoing for the same. The statement comes hours after American President Trump claimed that Prime Minister Narendra Modi has assured him India would stop buying oil from Russia, months after relations between New Delhi and Washington soured over Moscow oil purchases. Read more.
Some Indian refiners prepare to cut Russian oil imports
Reported Reuters citing sources.
Rahul Gandhia accuses PM Modi of being 'frightened' of Trump
Guj oath taking ceremony tomorrow
The oath-taking ceremony of the ministers inducted in the expansion of Gujarat Chief Minister Bhupendra Patel's cabinet will be held tomorrow at 11:30 am at Mahatma Mandir in Gandhinagar. Governor Acharya Devvratji will administer the oath of office and secrecy to the ministers inducted in this expansion of the state cabinet.
Trump says 'looking at' strikes on land against Venezuela cartels
New FSSAI directive to food business operators
FSSAI writes to the all states/UTs Commissioners of Food Safety and all Central Licensing Authorities regarding all food business operators to remove the combination from their food products, whether used as a standalone term or in word "ORS" with any prefix/sufix or as part of the trademark with prefix/suffix in the product name and to ensure strict compiliance with the labelling and advertisement requirements prescribed under the Food Safety and Standard Act, 2006 and the regulations framed thereunder.
Important cases listed in Supreme Court on Thursday
* SC to hear pleas related to Bihar's special intensive review of electoral rolls.
* SC to hear plea by Telangana government against HC stay on 42 per cent quota to Backward Classes in local body elections.
* SC to hear plea by Telangana Chief Minister Revanth Reddy to quash the 2015 cash-for-vote case.
*SC to hear plea to intervene diplomatically to save Indian nurse Nimisha Priya.
* SC to hear plea by Telangana government against HC stay on 42 per cent quota to Backward Classes in local body elections.
* SC to hear plea by Telangana Chief Minister Revanth Reddy to quash the 2015 cash-for-vote case.
*SC to hear plea to intervene diplomatically to save Indian nurse Nimisha Priya.
25 transgender persons consume 'phenyl' in Indore; hospitalised
Nearly 25 persons from the transgender community in Indore claimed to have consumed phenyl, following which they were hospitalised, an official said.
None of the patients was in a critical condition, Dr Basant Kumar Ningwal, Superintendent-in-Charge of the government-run Maharaja Yashwantrao Hospital, told PTI on Wednesday.
"Around 25 persons from the transgender community have been admitted to our hospital. They claimed to have consumed phenyl together on Wednesday night, but this cannot be immediately confirmed," the official said.
What triggered the mass act was not yet clear.
Asked about the incident, Additional Deputy Commissioner of Police Rajesh Dandotiya said, "Only after investigation will it become clear as to what substance the transgender community people had consumed, and why."
Another police official said the incident may be related to a dispute between two local groups of the transgender community.
None of the patients was in a critical condition, Dr Basant Kumar Ningwal, Superintendent-in-Charge of the government-run Maharaja Yashwantrao Hospital, told PTI on Wednesday.
"Around 25 persons from the transgender community have been admitted to our hospital. They claimed to have consumed phenyl together on Wednesday night, but this cannot be immediately confirmed," the official said.
What triggered the mass act was not yet clear.
Asked about the incident, Additional Deputy Commissioner of Police Rajesh Dandotiya said, "Only after investigation will it become clear as to what substance the transgender community people had consumed, and why."
Another police official said the incident may be related to a dispute between two local groups of the transgender community.
Prime Minister of Sri Lanka, Dr. Harini Amarasuriya has arrived in New Delhi on her maiden visit to India. During her visit, she will meet PM Modi and EAM Dr S Jaishankar.
I love stopping wars: Trump
US President Donald Trump says, "...We stopped a lot of these wars using trade. As an example, India and Pakistan were going at it really hard. Seven planes were shot down...Bad things were happening and I was talking to both of them about trade...I said we are not going to do a trade deal unless they stop the war. I got him on the phone and I said, listen, we're going to put a 200 % tariff on your country for any product you sell into the United States unless you stop this war...I spoke to the leaders of both nations. I like them both. But I said that's the way it is and I get a call the next day, we have decided to de-escalate...We have decided that we will not fight...I love stopping wars"
Heavy rain accompanied by thunder and lightning triggers waterlogging in parts of Thoothukudi
Rain lashes parts of Thoothukudi city
Mayawati to address key BSP meeting in Lucknow on Thursday
BSP chief and former Uttar Pradesh chief minister Mayawati will address a crucial meeting of the party's state-level office-bearers in Lucknow on Thursday, the party said in a statement. The meeting, to be held at the Bahujan Samaj Party's (BSP) Uttar Pradesh state office, has been convened to acknowledge and appreciate the "commendable missionary contribution" of party functionaries and supporters towards the "historic success" of the statewide mega event organised on October 9 to mark the 19th death anniversary of BSP founder Kanshi Ram. According to the party's media invite, Mayawati will express gratitude to workers and office-bearers across all levels for their efforts and will also provide important directions for the party's future course of action. Senior BSP leaders, district presidents, coordinators, and other key office-bearers from across Uttar Pradesh are expected to attend the meeting. The programme has been convened by the BSP's Uttar Pradesh state office in Lucknow.
Gaza's Rafah crossing to Egypt expected to open for people on Thursday
The Rafah border crossing between Egypt and the Gaza Strip is expected to reopen to allow people to cross on Thursday with an EU mission set to deploy there, two sources told Reuters.
The sources did not specify what restrictions might be applied to those seeking to cross. The Israeli military and the office of the Israeli prime minister did not immediately respond to a request for comment.
The sources did not specify what restrictions might be applied to those seeking to cross. The Israeli military and the office of the Israeli prime minister did not immediately respond to a request for comment.
Rahul Gandhi to visit family of Dalit lynching victim in UP's Fatehpur
Congress leader Rahul Gandhi will visit Uttar Pradesh's Fatehpur district on Thursday to meet the family of Hariom Valmiki, a Dalit man who was allegedly lynched earlier this month in Raebareli district after being mistaken for a thief.
According to his itinerary, Gandhi, the Leader of Opposition in Lok Sabha, will leave Delhi on Thursday morning and arrive in Kanpur by a special flight at 8 am.
He will then travel by road to Fatehpur and meet the victim's family between 9.15 am and 9.45 am, before returning to Kanpur to proceed to Assam, Congress leaders said.
Congress' UP unit president Ajay Rai said Gandhi's visit aims to express solidarity with the bereaved family and assure them of justice.
According to his itinerary, Gandhi, the Leader of Opposition in Lok Sabha, will leave Delhi on Thursday morning and arrive in Kanpur by a special flight at 8 am.
He will then travel by road to Fatehpur and meet the victim's family between 9.15 am and 9.45 am, before returning to Kanpur to proceed to Assam, Congress leaders said.
Congress' UP unit president Ajay Rai said Gandhi's visit aims to express solidarity with the bereaved family and assure them of justice.
Prime Minister to visit Andhra on Oct 16 for multiple engagements
Prime Minister Narendra Modi is scheduled to visit Andhra Pradesh on Thursday for multiple engagements, during which he is scheduled to inaugurate and lay the foundation stone for projects worth Rs 13,430 crore. He will also participate in the "Super GST Super Savings" event in Kurnool.
The projects span across key sectors such as industry, power transmission, roads, railways, defence manufacturing, and petroleum and natural gas.
The projects span across key sectors such as industry, power transmission, roads, railways, defence manufacturing, and petroleum and natural gas.
