IMF chief Horst Kohler, who is in Dubai to World Bank Group and IMF meetings, did not comment on the issue of BPCL and HPCL divestment.
The government on Monday approved the appointment of B P Mishra as the new executive director of International Monetary Fund.
India's reserve position with the International Monetary Fund was down $4.4 million to $1.67 billion.
Only time will tell whether an individual like Rajan would be able to influence the manner in which the Fund looks at the rest of the world, especially developing countries.\n\n
An exclusive interview with Dr Raghuram Rajan, who has just been appointed Chief Economist at the IMF.
IMF managing director Horst Koehler said Raghuram Rajan has been at the forefront of his work on banking and financial sector issues.
FCAs decreased by $3.56 billion to $325.03 billion.
Fund raises growth forecast to 8.3% in 2006.
Upbeat over India's economy, International Monetary Fund said on Wednesday that the country had the potential to grow at 10 per cent annually for several years, higher than the Tenth Plan target of 8.0 per cent.
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
Gold prices are expected to slump by 5 per cent before the end of this month to $855 per ounce as leaders of G-20 nations agreed on Thursday that the International Monetary Fund should sell gold from its reserve to help stimulate the world economy.
Gold reserves remained unchanged at $19.943 billion.
IMF Chief Economist Raghuram Rajan has said that while the Indian government has as strong reason to feel good about the economy, a lot still remains to be done.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
International Monetary Fund on Friday warned the Centre of high fiscal deficit that could come in the way of sustaining high growth in the economy, which clocked 8.4 per cent rise in the second quarter of 2003-04.
The gold reserves remained unchanged at $18.151 billion.
Rajan, 57, who was RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.
The International Monetary Fund forecast on Thursday that the Indian economy will grow 5.5 per cent in 2003-04 with some upside potential, but said fiscal deficit and public debt were an economic burden.
After a fall last week, India's foreign exchange reserves have recorded a rise again and are nearing the $85 billion mark.
Gold reserves were up by $712 million to $34.729 billion.
International Monetary Fund has cut its 2003 global growth forecast to 3.2 per cent from 3.7 per cent due to the Iraq war and stock market declines, and is particularly worried about weak German growth.
The head of the International Monetary Fund on Tuesday forecast the global economy would grow by slightly more than 3 per cent this year and advanced economies may need to cut interest rates to support the recovery.\n\n\n\n
Asia is likely to sprint ahead of the rest of the world in 2003, but the lingering uncertainty of a Middle East war and slowing US economy can derail the region's growth engine, a top IMF official said.
India's forex kitty shrunk by $1.03 billion to $353.33 billion on the back of a dip in the core currency assets, the Reserve Bank said.
The specter of war in Iraq and instability in the world's No. 5 oil producer, Venezuela, as well as world market woes, bode poorly for the global economy, a top IMF official said on Friday.
Gold reserves were up by $1.525 billion in the reporting week to $37.625 billion.
The country's foreign exchange reserves rose by $1.73 billion for the week ended October 31 to $315.91 billion, show Reserve Bank of India (RBI) data released on Friday, marking one of the sharpest rises ever.
The gold reserves remained stable at $19.335 billion.
China's gross domestic product rank dropped to number 7 from number 6, while GDP per capita jumped one place to 110th rank from 111th rank, International Monetary Fund has said.\n\n\n\n
