Finance Minister Pranab Mukherjee on Tuesday congratulated French Finance Minister Christine Lagarde on her appointment as the new Managing Director of the International Monetary Fund.
French Finance Minister Christine Lagarde on Tuesday became the first woman to head the International Monetary Fund after its executive board chose her over Mexican central bank governor Agustin Carstens.
The highest decision making body of the IMF met at its headquarters in Washington on Saturday in the wake of the corruption charges that have surfaced against its chief.
UAE's Minister of State for Financial Affairs Obeid Humaid Al Tayer said on Sunday that the UAE's support for Lagarde came as a result of her role in leading the French Ministry of Finance and in recognition of her achievements, as well as the efforts she has made during the G20 meetings under the rotating presidency of France.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
Lagarde said that she had elaborate discussions on the general economic situation.
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job.
Finance Minister Pranab Mukherjee on Tuesday said India has not given any assurance to his French counterpart Christine Lagarde on support for her candidature to the post of IMF's managing director.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
"The Executive Board will meet with the candidates in Washington and, thereafter, meet to discuss the strengths of the candidates and make a selection," the official IMF statement said.
Christine Lagarde recently gave a speech in which she outlined steps needed to avoid future global crisis.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
IMF policymakers have said they will come up with ideas on how to push ahead with reform by mid-December.
Grandmaster R Praggnanandhaa wrote a golden chapter in Indian chess history by becoming only the second player from the country after Viswanathan Anand -- and the youngest -- to play in the FIDE World Cup final.
Anand, who first made it to the World's top-10 in July 1991, has remained India's top-ranked player in all published lists since January 1987.
The IMF chief described the incident of rape and murder of an eight-year-old girl in India as "revolting.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
Lagarde had said an Indian could head IMF.
Crude oil has fallen about 40 per cent since mid June and the price on Monday touched its lowest level since mid 2009 before US oil prices posted their biggest one-day gain in two years overnight.
IMF MD Christine Lagarde hailed the government's latest Budget.
The managing director of the International Monetary Fund, on a two-day visit in New Delhi, was speaking at a conference on growth aspects of Indian and Chinese economies.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
The net worth of India's billionaire community has soared 12-fold in 15 years - enough to eliminate absolute poverty twice over in the country, where income inequality is also on the rise, according to the IMF.
The global economy, which gathered momentum in 2013, would continue to strengthen in 2014, largely because of improvements in the advanced economies, the International Monetary Fund Chief Christine Lagarde has said even as she expressed concern over the rising risk of deflation.
Strong dollar will impact financial system in India.
Apart from Lagarde, Mexican central bank governor Agustin Carstens and Kazakhstan's central bank governor Grigory Marchenkois are in the fray for the IMF managing director's post which fell vacant after the ignominious exit of Dominique Strauss-Kahn last month.
While most European countries are backing Lagarde, the developing countries are trying to build a consensus on nominating a person from the emerging nations as the next IMF chief.
Mexican bank head seeks support for IMF post.
Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.
French companies are committed to invest euro 10 billion (USD 13.37 bn) in India by 2012, the country's Minister of Economy and Finance Christine Lagarde said.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
Young Indian Grand Master R Praggnanandhaa pulled off a huge upset as he outclassed former world champion Veselin Topalov in the sixth round of the 18th Gibraltar chess festival to record his fifth straight win, in Gibraltar. The 14-year old Chennai lad needed just 33 moves to put it across the Bulgarian. He had started with a loss against compatriot P V Nandhidhaa but since then he has been on a winning spree.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
In advanced economies, growth is strongest in the United States, says IMF.
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Female labour force participation in India is lower than many other EM economies.
France's Finance Minister Christine Lagarde has claimed that women actually make better politicians than men as they're not prisoners to their libido and testosterone.
The International Monetary Fund has said it broadly supports the series of economic reforms undertaken by India, which is moving in the right direction.
Arvind Panagariya, sherpa for India at the summit, tweeted about the "interaction".
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