extended fund facility

India's executive director at the IMF will present the nation's stance at a board meeting concerning a proposed $1.3 billion loan to Pakistan. India urges IMF board members to deeply consider the facts, given Pakistan's history with bailout programs. The government is also pushing for a review of funds to Pakistan by other multilateral agencies.

India is escalating its efforts against Pakistan, urging international bodies like the IMF to re-evaluate financial aid due to alleged support for terrorism. New Delhi seeks a review of IMF loans, including a recent $1.3 billion climate resilience loan, and is engaging with the World Bank and Asian Development Bank.

India abstained from the IMF vote approving a $2.3 billion loan to Pakistan, citing concerns about Pakistan's history of misusing IMF funds for terrorism and its poor track record with previous IMF programs.

India-Pakistan tensions: India has voiced strong concerns at the IMF's Executive Board meeting regarding bailout packages for Pakistan, citing its poor track record and potential misuse of funds for terrorism. India highlighted Pakistan's repeated reliance on IMF programs, questioning their effectiveness and the country's economic policies.

Omar Abdullah criticized the international community and IMF for approving a $1 billion loan to Pakistan amidst heightened tensions and cross-border conflict. He suggested the funds could indirectly support Pakistan's military actions. The IMF approved the disbursement despite India's opposition and concerns that the funds might be misused for terrorism, leading India to abstain from the vote.

Following the recent terror attack in Jammu and Kashmir, India is preparing to urge international financial institutions like the IMF and World Bank to reassess their financial aid to Pakistan. This diplomatic push comes before a crucial IMF meeting where Pakistan's financial arrangements will be discussed. India aims to highlight concerns about Pakistan's role in fueling terrorism.

India is considering opposing a $1.3 billion IMF loan for Pakistan, citing concerns about terror support and fund misappropriation. The IMF board is set to evaluate the loan and the ongoing $7 billion bailout package.

Kerala's healthcare and education sectors are undergoing significant transformations, thanks to substantial investments from the Kerala Infrastructure Investment Fund Board (KIIFB). Over ₹6,321 crore has been allocated to enhance healthcare infrastructure, modernizing hospitals and establishing specialized medical facilities. Simultaneously, KIIFB is revolutionizing education by upgrading government schools with high-tech classrooms and advanced equipment, ensuring a progressive learning environment for students.

An RBI panel suggests extending money market hours to 7pm, aiming to provide banks with greater flexibility in managing liquidity and accessing funds. This shift addresses the expansion and increased complexity of India's financial markets since 2019. The proposal includes adjustments to trading and settlement windows for various instruments, along with changes to the liquidity adjustment facility auction timings.

Jadavpur University has significantly enhanced its library facilities for visually impaired students with a Rs 40 lakh upgrade. This initiative, funded by Rotary International and alumni, provides advanced tools and resources, benefiting 150 JU students and others. The upgraded library features Braille displays, scanners, audiobook players, and improved accessibility, addressing previous limitations and fostering inclusive education.

India-Pakistan tensions impact: Escalating tensions with India pose a significant threat to Pakistan's fragile economic recovery, potentially derailing its IMF bailout program and access to international financing. Pakistan's vulnerability stems from its high external debt, limited foreign exchange reserves, and reliance on international aid.

Following the Pahalgam terror attack and escalating tensions, Indian stock markets have shown resilience, with Nifty 50 and BSE Sensex rising. Conversely, Pakistan's stock market crashed, reflecting economic vulnerabilities and investor jitters.

Prime Minister Modi is scheduled to inaugurate the Vizhinjam International Seaport on May 2, positioning India as a transshipment hub. Developed with Adani Ports, it aims to reduce reliance on foreign ports with its advanced infrastructure and strategic location. The port boasts semi-automation and an AI-powered vessel traffic management system, marking a new era in India's maritime trade.