international monetary system

India seeks its rightful role on world stage: Envoy

May 19th, 2012 - 10:39 am ICT by IANS
Dallas, Texas, May 19 (IANS) Noting that India is acting as a responsible stakeholder in the international system, New Delhi's UN envoy has a made a strong case for a ... Read more...

Posted in Uncategorized |

Drug money damages world economy by $2 trillion annually

January 27th, 2012 - 5:01 pm ICT by IANS
Moscow, Jan 27 (IANS/RIA Novosti) Annual financial damage to the world economy from drug money equals $2 trillion, Russia's Federal Drug Control Service head Viktor Ivanov said."Narco-dollars form a market ... Read more...

Posted in Uncategorized |

China’s financial system sound: IMF

November 15th, 2011 - 1:31 pm ICT by IANS
Washington, Nov 15 (IANS) The International Monetary Fund (IMF) said Monday that China's financial system is sound."China has made remarkable progress in its transition toward a more commercially-oriented and financially ... Read more...

Posted in Business |

G20 must ensure economic growth: Chinese president

November 2nd, 2011 - 4:06 pm ICT by IANS
Beijing, Nov 2 (IANS) The G20 should give top priority to maintaining economic growth, said Chinese President Hu Jintao Wednesday.Hu made the remarks in an interview with the French newspaper ... Read more...

Posted in Business |

IMF to review Pakistan economy

October 17th, 2011 - 11:59 am ICT by IANS
Islamabad, Oct 17 (IANS) A delegation of the International Monetary Fund (IMF) will visit Pakistan to review the country's financial condition, an official said.The delegation will arrive here Nov 12, ... Read more...

Posted in Business |

India to press for sharing past banking info at G20 meet

October 13th, 2011 - 6:31 pm ICT by IANS
New Delhi, Oct 13 (IANS) Finance Minister Pranab Mukherjee at a G20 meet beginning Friday will press the concerned countries, especially tax havens, to share past banking and tax-related ... Read more...

Posted in Business |

India, other emerging economies to make for half of global growth

May 17th, 2011 - 9:58 pm ICT by IANS
Washington, May 17 (IANS) By 2025, India and five other major emerging economies - Brazil, China, Indonesia, South Korea, and Russia - will account for more than half of all ... Read more...

Posted in World |

Mukherjee to attend ADB’s annual meet in Hanoi

May 2nd, 2011 - 9:34 pm ICT by ANI
New Delhi, May 2 (ANI): Union Finance Minister Pranab Mukherjee will leave for Vietnamese capital Hanoi tomorrow to attend Asian Development Bank (ADB)'s 44th Board of Governors' annual meet.During his two ... Read more...

Posted in National |

Delegates arrive in Vietnam capital for ADB’s 44th annual meeting

May 2nd, 2011 - 1:06 pm ICT by ANI
Hanoi (Vietnam), May 2 (ANI): Delegates began arriving at Hanoi's National Convention Center today to register for the Asian Development Bank's (ADB) 44th Annual Meeting of its Board of Governors.The meeting, ... Read more...

Posted in World |

IMF monitoring to avert future financial crisis

April 17th, 2011 - 10:58 am ICT by IANS
Washington, April 17 (IANS) International Monetary Fund (IMF) member countries including India have agreed to expand and deepen its surveillance of the global economy to identify largest systematic risks to ... Read more...

Posted in Business |

BRICS leaders call for reforms in international monetary system

April 14th, 2011 - 2:28 pm ICT by ANI
Sanya, Apr 14 (ANI): Recognizing that the international financial crisis has exposed the inadequacies and deficiencies of the existing international financial system, leaders of BRICS countries called for reform and improvement of ... Read more...

Posted in World |

Rising trade deficit with China a matter of concern: Anand Sharma

April 13th, 2011 - 11:19 am ICT by ANI
Sanya, Apr 13 (ANI): Commerce Minister Anand Sharma, who is part of a high level delegation that is accompanying Prime Minister Manmohan Singh to the BRICS summit being held in China, ... Read more...

Posted in World |

BRICS to sign unique pact at Sanya to use own currencies for lending and grants

April 13th, 2011 - 2:29 am ICT by ANI
Sanya (China), Apr 12 (ANI): In what could be seen as signal of its growing clout in world economy , the group of fastest growing economies -- Brazil, Russia, India, China ... Read more...

Posted in South Asia |

Local currencies to replace dollar for BRICS credit

April 13th, 2011 - 12:17 am ICT by IANS
On board Air India One, April 12 (IANS) In a first of its kind, BRICS nations - Brazil, Russia, India, China and South Africa - will sign a major ... Read more...

Posted in World |

UAE advocates free trade

February 22nd, 2011 - 12:53 am ICT by IANS
Paris, Feb 21 (IANS/WAM) The United Arab Emirates has advocated a free trade policy in the world, saying it can create economic opportunity for millions of people in developing economies, and thus ... Read more...

Posted in Business |

Pranab Mukherjee to attend G-20 finance ministers’ meet in Paris

February 17th, 2011 - 12:19 pm ICT by ANI
New Delhi, Feb 17 (ANI) Union Finance Minister Pranab Mukherjee will leave for Paris on Thursday evening on a three-day visit to attend G-20 Finance Ministers and Central Bank Governors' meet ... Read more...

Posted in National |

Sarkozy’s Facebook account hacked

January 24th, 2011 - 11:05 pm ICT by IANS
Paris, Jan 24 (IANS) A hacker took over French President Nicolas Sarkozy's Facebook account and issued a fake message that he would not run for re-election in 2012, media reports said ... Read more...

Posted in Politics |

Sarkozy proposes G20 secretariat

August 26th, 2010 - 5:03 am ICT by IANS
Paris, Aug 26 (DPA) French President Nicolas Sarkozy Wednesday proposed the formation of a Group of 20 secretariat to oversee the implementation of important decisions by the bloc of major world economies. In ... Read more...

Posted in Business |

IMF sees ‘break in the clouds’, but no voice for emerging economies

April 26th, 2009 - 12:41 pm ICT by IANS
By Arun Kumar Washington, April 26 (IANS) Amid signs of a "break in the clouds" of the economic storm, world finance leaders have pledged to keep working collaboratively to restore international financial stability ... Read more...

Posted in Business |

Create super-sovereign reserve currency: Chinese bank official

March 24th, 2009 - 1:12 pm ICT by IANS
Beijing, March 24 (Xinhua) Zhou Xiaochuan, governor of China's central bank, has proposed to create a super-sovereign reserve currency as part of reform in the international monetary system. The desirable goal of the ... Read more...

Posted in World |