Global rebalancing: Deficit eco must save more

The Reserve Bank of India has said global rebalancing will require deficit economies to save more and consume less, while depending more on external demand.Addressing a meeting of the International......

IMF to hike India's vote, quota shares

India has welcomed the IMF's plan to raise its quota and vote shares in the bank as a 'significant' first step that would have a 'catalytic effect' on reforms in the World Bank and other......

India out of race for IMFC top post

India's chances to head a major committee of International Monetary Fund appears to have ended with an alliance of countries favouring Italy and Canada for the top policy job at the global......

Chidambaram in race to chair IMF panel

Finance Minister P Chidambaram is the front-runner in the race for chairing the International Monetary & Financial Committee, a crucial governing body at the International Monetary Fund, sources......