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Resist protectionism, keep markets open: G-20 tells nations

Last Updated: Wednesday, June 20, 2012, 15:27

In order to boost global demand and achieve sustainable growth, the G-20 leaders have asked the member nations and other countries to resist protectionism and keep markets open.

G-20 leaders committed to fight slowdown, corruption

Last Updated: Wednesday, June 20, 2012, 12:17

Committing to fight economic slowdown and combat corruption, the G-20 leaders have expressed confidence that USD 450 billion firepower of the International Monetary Fund (IMF) would help in safeguarding financial stability and preventing global crisis.

G-20 may contribute over $450 billion to IMF: Calderon

Last Updated: Wednesday, June 20, 2012, 11:48

The Group of Twenty (G20) major economies may contribute more than USD 450 billion to the International Monetary Fund (IMF), G20 summit host Mexican President Felipe Calderon has said.

G-20 endorses India's concern on infrastructure, austerity

Last Updated: Wednesday, June 20, 2012, 08:51

G20 nations, comprising the world's leading and emerging economies, concluded a much-watched meeting at this Mexican resort with an endorsement of the Indian stand that investment in infrastructure was critical for sustained growth, global economic recovery, poverty reduction and job creation.

G20 agrees to invest in infrastructure in developing countries

Last Updated: Wednesday, June 20, 2012, 08:46

In a big success for India, the G20 countries on Wednesday agreed to give priority to investment in infrastructure in developing countries as a way to stimulate global growth which has been stunted due to the faltering world economy and the Eurozone crisis.

PM calls for quick decision on IMF's quota reforms

Last Updated: Wednesday, June 20, 2012, 08:45

Prime Minister Manmohan Singh Tuesday welcomed the effort to increase the corpus of International Monetary Fund (IMF) to help Eurozone countries but said the progress in hiking voting rights for countries like India was slow.

India may not inject $10 billion into IMF bailout fund immediately

Last Updated: Wednesday, June 20, 2012, 08:44

Prime Minister Manmohan Singh yesterday said that he was happy to announce that India has decided to contribute USD 10 billion to the IMF's additional firewall of USD 430 billion.

BRICS pledges $75 billion contribution to IMF's bailout fund

Last Updated: Tuesday, June 19, 2012, 12:12

India and four other countries of the five-nation BRICS bloc on Tuesday gave a big boost to IMF's USD 430 billion bailout fund for the debt-wracked 17 nation Eurozone pledging to contribute USD 75 billion with New Delhi's contribution being USD 10 billion.

Obama calls Greek election positive sign

Last Updated: Tuesday, June 19, 2012, 09:45

US President Barack Obama on Monday called the election in Greece a positive sign and hoped the country would re-emerge from its debt crisis threatening the financial stability of the eurozone.

BRICS nations explore options to protect currencies

Last Updated: Tuesday, June 19, 2012, 09:38

India, Brazil, Russia, China and South Africa Monday explored mechanisms, such as swap arrangement and a reserve fund. to protect their currencies against external risks.

India announces $10 billion for debt-wracked eurozone

Last Updated: Tuesday, June 19, 2012, 08:59

Calls were being made to the EU to put in place a bigger financial firewall.

PM arrives in Frankfurt en route to G-20 Summit in Mexico

Last Updated: Saturday, June 16, 2012, 22:02

Prime Minister Manmohan Singh arrived here Saturday en route to attend the G-20 Summit in Mexico.