$10 bn contribution to IMF to be released in phases: Govt

Apart from India, China has also announced USD 43 billion, Russia and Brazil (USD 10 billion each) and South Africa (USD 2 billion) contribution to the Washington-based funding agency.

India to become 8th largest shareholder in IMF

India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October.

India defers announcement on contribution to IMF

India has decided to defer its announcement on making its contribution to the IMF as part of effort to maintain consensus among members of the BRICS, a powerful grouping of emerging economies.

India not committed to Lagarde for IMF job

India refrained from assuring support to Christine Lagarde for her candidature for top job at IMF.