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......

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......

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......