• Latest
  • Trending

More Voting Rights To India, China: Christine Lagarde

March 21, 2012

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

April 1, 2021

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

April 1, 2021
ADVERTISEMENT

After Freedom House, V-Dem, The Turn Of The US State Department

April 1, 2021

How Long This Jobless Economic Planning Will Continue In India?

April 1, 2021

Modi Govt’s Three Farm Laws Constitute An Attack On Adivasis

April 1, 2021

Biden Wants Corporations And The Rich To Pay For Rebuilding America

April 1, 2021

Modi Govt’s Judo Technique Pays Off In Electoral Bonds

March 31, 2021

Electoral Bonds: Supreme Court Has Evaded The Real Issue

March 31, 2021

Risks Of India Going From Bad To Worse Due To New Covid-19 Wave

March 31, 2021

Protecting The Vulnerable At The Time Of Pandemic Is Imperative

March 31, 2021

Mamata Has Sent A Strong Message To BJP By Contesting From Nandigram

March 31, 2021

Sumitra Mahajan Was A Woman Parliamentarian For The Longest Term

March 31, 2021
ADVERTISEMENT
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Friday, April 2, 2021
No Result
View All Result
IPA Newspack
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
  • Setup menu at Appearance » Menus and assign menu to Main Navigation
No Result
View All Result
IPA Newspack
No Result
View All Result
ADVERTISEMENT

More Voting Rights To India, China: Christine Lagarde

IPA Staff by IPA Staff
March 21, 2012
in Uncategorized
2 min read
0
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

RelatedArticles

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

After Freedom House, V-Dem, The Turn Of The US State Department

NEW DELHI: The International Monetary Fund is keen to implement quota reforms that will give more voting rights to economic powers like India and China, managing director Christine Lagarde has said.
“Change is in the air,” Lagarde said at an event organized by IMF and the Indian Council for Research on International Economic Relations in Delhi. “I will certainly be a strong advocate of that.”
The multilateral agency’s board of governors had in 2010 approved a set of quota reforms, which include a shift of over 6% voting rights from overrepresented to under- represented members. India has a voting share of 2.34% at IMF.
“Both India and China have already ratified the quotas (voting rights) to increase their representation in IMF,” Lagarde told a news conference later in the day. “I know they will be keen to rally support around the organisation to have the requisite number of country votes to implement the reforms.”
Lauding India’s 7% GDP growth, Lagarde complimented Finance Minister Pranab Mukherjee’s fiscal consolidation measures. “We are encouraged to see a continued path towards fiscal consolidation. Efforts to reform the tax code and cap subsidies at 2% of GDP are good measures,” she said commenting on the 2012-13 Budget.
She, however, emphasised on the need to ensure a “favourable” business climate in India to at tract domestic and international private investments, particularly in infrastructure. According to IMF projections, the Indian economy is expected to grow at 7% in 2012 and 7.3% the year after.
The IMF chief also hinted at a possible revision in growth forecasts of several countries at its meeting in April.
“The global economic picture is certainly more positive than three months ago…some revisions in global economic outlook are likely in April,” Lagarde said while maintaining that the situation is still fragile and fraught with difficulties.
She also warned that an increase in oil prices could become a threat to global economy. “Everybody is now talking about oil prices. If the price of oil suddenly increases, either supply driven or due to geopolitical agitations, it will affect everyone including India,” Lagarde said.
According to IMF estimates, continued stress on oil supply from Iran could push prices up by 20%-30% if other oil producing countries are not “quick to pick up the baton”.

ADVERTISEMENT
ADVERTISEMENT
Previous Post

Irda to decide on letting LIC retain stake in banks

Next Post

BRICS meet will address mistrust, says China

IPA Staff

IPA Staff

Related Posts

IPA Service

Mamata’s Opposition Unity Call Has Big Relevance For 2024 Lok Sabha Polls

by ipaadmin
April 1, 2021
IPA Service

Amit Shah Is Dream Merchant For Sonar Bangla Without Knowing Its Origin

by ipaadmin
April 1, 2021
IPA Service

After Freedom House, V-Dem, The Turn Of The US State Department

by ipaadmin
April 1, 2021
IPA Service

How Long This Jobless Economic Planning Will Continue In India?

by ipaadmin
April 1, 2021
IPA Service

Modi Govt’s Three Farm Laws Constitute An Attack On Adivasis

by ipaadmin
April 1, 2021
IPA Service

Biden Wants Corporations And The Rich To Pay For Rebuilding America

by ipaadmin
April 1, 2021
Load More
Next Post

BRICS meet will address mistrust, says China

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Advertisement

ADVERTISEMENT

Recommended

Inflated Ego Of Congress Leadership Is Hurting Building Of Anti-BJP Front

Inflated Ego Of Congress Leadership Is Hurting Building Of Anti-BJP Front

3 months ago
Case Against Bhushan Puts Focus Back On Contempt Of Court

Case Against Bhushan Puts Focus Back On Contempt Of Court

8 months ago
Load More
ADVERTISEMENT

Contact

India Press Agency D-34, Basement, Gulmohar Park, Delhi - 110049 Gautam Nagar, New Delhi
ADVERTISEMENT
ADVERTISEMENT

About Us

IPA Newspack

IPA Intelligence Unit is a specialist service of India Press Agency (IPA), one of the oldest news agencies of India.

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2020 India Press Agency - Latest Breaking news and Opinion IPA Media Group | Arabian Post

No Result
View All Result

© 2020 India Press Agency - Latest Breaking news and Opinion IPA Media Group | Arabian Post

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In