Currency News
Prev Next
As on May 24, 2019 12:00 AM Your results on : Currency News    
Economic Buzz: IMF Sees Russia Growing At 1.4%, Urges Focus On Domestic Reforms To Improve Potential
24-May-2019 (16:49)

Russia’s growth prospects will depend on the strength of domestic policies and reforms. GDP growth in the past three years averaged 1.4% and is projected at a similar rate in 2019, according to a latest update from the International Monetary Fund (IMF). External support is expected to be limited, as sanctions, global political and trade uncertainty and lower oil prices have replaced the favorable external conditions that contributed to rapid growth in the 2000s boom. Thus Russia now needs to focus on domestic reforms to improve growth potential.

A key building block is the credible macroeconomic framework the authorities have established since 2014, in difficult circumstances, in the form of inflation targeting, exchange rate flexibility and the fiscal rule. These have helped weather external shocks and reduce uncertainty about the domestic environment. Improvements in financial sector soundness put banks in a better position to support growth. And the 2018 pension reform will help offset the negative demographic trend in labor markets.

Beyond these factors, stronger medium-term growth will require an acceleration of structural reforms to improve the working of the economy. The National Projects announced in 2018 have potential to reinvigorate activity, but only if they are implemented effectively and complemented with far-reaching efforts to strengthen competition, roll back the state and improve state-owned enterprise efficiency.

The fund further notes that Russia’s monetary policy has been successful in addressing potential shocks to price stability, and easing now appears appropriate. The monetary policy stance is estimated to be moderately tight. The VAT increase has had a lower-than-expected impact on headline inflation, and the recent slight appreciation of the ruble and stability of domestic fuel prices reduce inflationary pressures.

Powered by Commodity Insights

Economic Buzz: UK CBI Retail Sales Slide At Fastest Pace Since Oct 2017
24-May-2019 (16:33)
Economic Buzz: Japan All Industry Index Declines In March
24-May-2019 (16:00)
Economic Buzz: New Zealand Posts NZ$433 Million Trade Surplus In April
24-May-2019 (09:22)
Economic Buzz: Japan Overall Consumer Prices Up 0.9% On Year In April
24-May-2019 (09:20)
Economic Buzz: US Weekly Jobless Claims Edge Down To 211,000
24-May-2019 (09:06)
Economic Buzz: US New Home Sales Plunge In April
24-May-2019 (08:51)
Economic Buzz: German Private Sector Expands In May
23-May-2019 (15:12)
Economic Buzz: Pace Of Eurozone Private Sector Growth Eases In May
23-May-2019 (14:48)
Economic Buzz: German Ifo Business Confidence Weakens In May
23-May-2019 (14:39)
Economic Buzz: German GDP Advances 0.4% In Q1
23-May-2019 (12:18)
Economic Buzz: Australia Private Sector Activity Expands In May
23-May-2019 (11:43)
Economic Buzz: Japan Nikkei Manufacturing PMI Falls Into Contraction In May
23-May-2019 (09:08)
Economic Buzz: US Fed Expects Patient Approach To Rates
23-May-2019 (09:04)
Economic Buzz: Fed Seemingly In No Rush To Alter Path Of Interest Rates
23-May-2019 (09:02)
Economic Buzz: UK Net Borrowing Lowest Since 2007 In April
22-May-2019 (17:39)
Economic Buzz: UK Consumer Price Inflation Accelerates In April
22-May-2019 (15:53)
Economic Buzz: Australia Leading Index Slides In April
22-May-2019 (14:28)
Economic Buzz: Japan Core Machine Orders Climb 3.8% On Month In March
22-May-2019 (09:02)
Economic Buzz: Japan Posts Y60.402 Billion Trade Surplus In April
22-May-2019 (08:47)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
Equity SEBI Registration No INZ000177137. Exchange Registration Nos NSE : TM No. - 06637, Clearing No.- M50302 | BSE : Clearing No.- 3179 | MSEI : TM Code-1004, Clearing Member Code- 4 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No. INH100001187 | SEBI PMS Registration No. INP00000236
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions