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Income inequality on the rise in countries like India: IMF

Last Updated: Tuesday, February 04, 2014, 13:37

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.

India likely to post 4.6% growth in 2013-14: IMF

Last Updated: Tuesday, January 21, 2014, 23:09

At market prices (basic prices plus taxes but less subsidies), India's growth rate in 2013-14 is likely to be 4.4 percent, IMF said. Its earlier estimate in October was 3.8 percent.

India for early completion of IMF quota reforms

Last Updated: Thursday, September 05, 2013, 22:29

"We had hoped to be able to welcome ratification of the quota increase in the St Petersburg Summit, but that has not been possible", the Prime Minister said.

India should approach IMF to arrest rupee plunge: Rajiv Kumar

Last Updated: Monday, September 02, 2013, 18:11

With rupee scaling new historic lows against dollar every day, the spectre of India knocking the doors of the International Monetary Fund (IMF) to seek a bail out is just a matter of time.

RBI disagrees with IMF, says regulators function independently

Last Updated: Wednesday, January 16, 2013, 22:14

The IMF report said that the Indian economy faces near-term risks of worsening bank asset quality and pressures on systemic liquidity.

Chidambaram for cutting wasteful expenses

Last Updated: Saturday, October 13, 2012, 19:20

However, he added the government's key social welfare programmes will be fully protected.

India hopeful of completion of IMF quota reforms by Jan 2013

Last Updated: Thursday, October 11, 2012, 19:18

Once the quota reforms are carried out, India's share at IMF is set to rise to 2.75 percent from 2.44 percent, making it the eighth largest shareholder in the multilateral agency from its present 11th position.

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

Last Updated: Thursday, September 06, 2012, 18:51

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

Last Updated: Sunday, June 24, 2012, 11:44

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.

Govt to pay $11 bn for higher voting share in IMF

Last Updated: Friday, May 18, 2012, 21:26

India's quota share in the IMF would increase to 2.75 percent from 2.44 percent once the reforms comes into effect.

India defers announcement on contribution to IMF

Last Updated: Sunday, April 22, 2012, 11:15

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

Last Updated: Tuesday, June 07, 2011, 21:25

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