We are seeing major reforms in India

20 Abril, 2018, 02:25 | Author: Arnold Perez

In a comment that turned out to be a major surprise Thursday, International Monetary Fund Managing Director Christine Lagarde praised the corporate tax cut in President Trump's tax reform package.

She made the remarks during an interaction with reporters at the start of the spring meeting of the worldwide finance organisations.

"Investment and trade are two key engines that are finally picking up".

The Washington-based crisis lending agency this week forecast that global growth for 2018 and 2019 will be stable at an annual rate of 3.9 percent, the fastest expansion in eight years.

"It will not be something that affects two countries".

"What is more important is something that is hard to measure in the short term, and that has to do with confidence. I would hope that the Indian authorities, starting with Prime Minister Modi pay more attention because it is needed for the women of India", Lagarde said.

More news: Prince had no idea he was taking deadly fentanyl, prosecutor says
More news: Bird strike forces Southwest jet to land in Nashville
More news: Britain to ban sale of plastic straws in bid to fight waste

"My suspicion is that there will be many bilateral discussions to be had between the various parties involved", Lagarde said, adding that the issue would also be discussed in larger sessions involving the Fund's 189 member countries.

Lagarde however cautioned that "unilateral trade restrictions have not been helpful, and we suspect that they might even dent confidence".

Even with the implied critique of Trump's tactics, Lagarde praised the massive USA corporate tax reform which the Fund "advocated, recommended, encouraged, and is very pleased to see happening". But at the same time, she urged the U.S. to take advantage of good economic times to reduce its debt and deficits, rather than increase them.

"We expect more and you know, whether it's in the banking sector or in other sectors, more reforms are expected", she said.

But it will be the implementation that matters, she said.

Recomendado:

  • Virat Kohli keen on county stint ahead of England tour

    Virat Kohli keen on county stint ahead of England tour

    The 29-year-old Delhi-born batsman announced his arrival on the big stage after leading the India Under-19 squad to the World Cup win in Malaysia in 2008.
    Utah native wins big at Boston Marathon

    Utah native wins big at Boston Marathon

    A disappointment like that 2011 loss might discourage other people, but Linden is a career athlete, not to mention an Olympian . Per The New York Times , she wasn't hydrating enough, feared leg cramps, and considered dropping out of the race altogether.
    Saints to host Falcons on Thanksgiving Day

    Saints to host Falcons on Thanksgiving Day

    The league announced Monday night games will start 15 minutes earlier than in past seasons, at 7:15 p.m. Thanksgiving tables across south Louisiana this November will be filled with dirty bird jokes.
  • Salah reveals why he returns to EPL to prove Chelsea wrong

    Salah reveals why he returns to EPL to prove Chelsea wrong

    Mohamed Salah has been an instant hit at Anfield this season, scoring an incredible 40 goals in all competitions . He was recently inducted into the PFA Team of the Year and is the hot favourite to land the individual award.
    Mark confirms Facebook collects users data even when they are offline!

    Mark confirms Facebook collects users data even when they are offline!

    We teamed up with the Senate Judiciary Committee to host a joint hearing that featured almost half of the U.S. Despite being used by many legitimate companies, the process has also become a vehicle for scams.
    Queen addresses world leaders on Day 1 of CHOGM

    Queen addresses world leaders on Day 1 of CHOGM

    Trudeau is expected to raise his voice against the use of plastics and pitch in LGBTQ rights on Thursday, media report said. However, it has gotten off to a rocky start for the host, British Prime Minister Theresa May.
  • Man City players rule PFA team of the year

    Man City players rule PFA team of the year

    From the archives: Bert's scrapbook: Scrapbooks are, it's fair to say, largely a thing of the past - and more's the pity . City's title party started with pints, jagerbombs, dancing and singing at a humble local pub in Hale on Sunday night.
    Iran warns Washington of 'unpleasant' consequences if it unilaterally scraps nuclear deal

    Iran warns Washington of 'unpleasant' consequences if it unilaterally scraps nuclear deal

    In January, the president announced that he would never reauthorize agreement again without structural changes to the 2015 Joint Comprehensive Plan of Action, the official name for the Iran nuclear deal.
    Confrontations and Missiles may thwart Yemen peace — United Nations  envoy

    Confrontations and Missiles may thwart Yemen peace — United Nations envoy

    In a televised speech following the assassination, Yemeni President Abd-Rabbu Mansour Hadi called on Yemenis to rise up against the Iran-aligned Houthis.
  • PUBG Will Let you Choose Your Map Soon

    PUBG Will Let you Choose Your Map Soon

    This has been announced today, and PUBG Corp has stated the feature is going to be added mostly because of players' feedback. The plan is for players to be able to tick boxes on maps they are happy to play, and untick the ones they don't want to play.
    Conte's press conference interrupted by wife's phone call

    Conte's press conference interrupted by wife's phone call

    Secondly, the away side has only managed two wins in ten league matches this season against other teams now in the top seven. Sean Dyche saw Burnley's five-game winning streak end as they missed the chance to leapfrog Arsenal into sixth place.
    Babies Now Permitted on US Senate Floor

    Babies Now Permitted on US Senate Floor

    The rule change comes after Illinois Democrat Tammy Duckworth became the first USA senator to give birth while in office . Ms Duckworth shared a photo of her daughter's outfit options on Twitter. "Why would I object to it?" Sen.


Popular

No al ELN — Moreno
La porosidad de las zonas selváticas hace que los grupos armados se muevan entre los dos países sin apenas control. Nosotros no tenemos nada qué ver con esta guerra.

First Look! Prince 'Nothing Compares 2 U' 1984 Rehearsal Footage Released
Prince fans got a little taste of the artist's royal badness just a few days before the two-year anniversary of his death . The singer died of a fentanyl overdose after taking counterfeit Vicodin pills that were laced with the deadly drug.

Nadal Eases Past Khachanov In Monte Carlo Masters
Earlier on Thursday, third seed Alexander Zverev came through a three-set tussle with fellow German Jan-Lennard Struff. World number three without hitting a ball Marin Cilic progressed Milos Raonic withdrew due to a knee injury.

P&G Buys German Company Merck For $4.2 Billion
For the full year 2017, net sales of the Consumer Health business amounted to Euro 911 million (USD$1.1 billion). The German drugmaker recorded €911 million ($987 million) worth of sales from its consumer products in 2017.

Younkers, Herberger's closing sale starts Friday
Bon-Ton had previously announced that the Carson's in Danville would be closing, and the liquidation sale there is ongoing. Bergner's in Peru Mall is one of 212 Bon-Ton stores that will be liquidated, according to the bankruptcy court filings.

Fortnite 50v50 Return Explained: When It Starts, What It is, More
Yes, Tilted Towers is still there, so all of those expecting it to be destroyed with this patch were sadly mistaken. What are your thoughts on the guided missile being removed from Fortnite? let us know in the comments below!

Last-place Reds fire manager Bryan Price, name Jim Riggleman interim
Price took over as Reds manager in 2014 from longtime manager Dusty Baker but the team has struggled during his tenure. In over four seasons at the helm in Cincinnati, Price posted a record of 279-387 and failed to reach the playoffs.

Royals bullpen continues to struggle as Jays roll to sweep
In total, the team's accumulated 5.0 units for bettors taking the moneyline in the season's early going and 2.8 units ATS. His first homer of the season, a solo shot, came with two out in the ninth and helped the Yankees avoid being shut out.

Virginia foresters heading to Oklahoma amid life-threatening wildfire weather
Monday temperatures reached the mid-80s with humidity as low as 10 percent and wind gusts of up to 30 miles per hour . One fire that started in Colorado crossed into Kansas on Tuesday night, prompting the evacuation of 90 homes.

ESPN's Kirk Herbstreit leery of Josh Allen's small-school pedigree
But, no matter the schemes, Herbstreit gave his keys for any of this year's quarterback prospects to be successful in the NFL . And while he notes the importance of getting a franchise QB, Payton stresses that it's not something a team can force.