Corporate Law : Reserve Bank of India vide its web communication dated September 1, 2021 informs us that International Monetary Fund (IMF) has mad...
Finance : In “The Effects of the Global Crisis on Islamic and Conventional Banks: A Comparative Study,” economists Jemma Dridi of the IM...
Finance : Just 10 short years ago, the 189 member states of the United Nations signed a declaration in which they said “we will spare no e...
Finance : The global powerful financial houses and banking giants needs a chemical to wash their foresight about the world economic recovery...
Fema / RBI : Give the known challenges, every central bank has to move in the direction of taking right steps that it may feel as appropriate d...
Income Tax : India successfully hosted the three day 4th International Tax Dialogue Conference on Tax and Inequality. The conference was inaugu...
Finance : The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Boar...
Finance : The French Finance Minister, Ms. Christine Lagarde called on the Union Finance Minister Shri Pranab Mukherjee today as part of her...
Finance : The International Monetary Fund's selection process for a new managing director will kick off with nominations on Monday,and the f...
Finance : Haggard and unshaven after a weekend in jail, the chief of the IMF was denied release on bail Monday on charges of trying to rape ...
Reserve Bank of India vide its web communication dated September 1, 2021 informs us that International Monetary Fund (IMF) has made an allocation of Special Drawing Rights (SDR) 12.57 billion (equivalent to around USD 17.86 billion at the latest exchange rate) to India on August 23, 2021. The total SDR holdings of India now stands […]
India successfully hosted the three day 4th International Tax Dialogue Conference on Tax and Inequality. The conference was inaugurated by the Finance Minister of India Mr Pranab Mukherjee on 7th December.
The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Board of the IMF. The amendments are part of a package of reforms on quotas and governance in the IMF. Along with the recent quota reforms in IMF (i.e., Fourteenth General Review of Quotas), these amendments represent a major overhaul of the Fund`s quotas and governance, and help in strengthening the Fund`s legitimacy and effectiveness .
The French Finance Minister, Ms. Christine Lagarde called on the Union Finance Minister Shri Pranab Mukherjee today as part of her effort to seek support for her candidature to the post of Managing Director, IMF. During her talks, she outlined her vision for reforms that IMF needs to undertake and the role it can play in addressing the current challenges confronting the world economy including G-20 matters.
The International Monetary Fund’s selection process for a new managing director will kick off with nominations on Monday,and the final decision expected by June 30, the institution has said. I am very pleased to announce that the Fund’s Executive Board has adopted a procedure that allows the selection of the next managing director to take place in an open, merit-based, and transparent manner, A Shakour Shaalan, dean of the IMF executive board, said in a statement late yesterday.
Haggard and unshaven after a weekend in jail, the chief of the IMF was denied release on bail Monday on charges of trying to rape a hotel maid as allegations of other, similar attacks by Dominique Strauss-Kahn began to emerge.
International Monetary Fund pays for all business-related hotel bills of its chief, but incumbent Dominique Strauss Kahn’s stay in a luxury suite of Sofitel here does not qualify for any such reimbursement. It was during his stay at this Sofitel hotel that Kahn, who was appointed IMF Managing Director in 2007 with a salary in excess of USD 5,00,000 per year, was accused of indulging in sexual assault on a chambermaid.
The G-20 on Friday announced that International Monetary Fund (IMF) would review policies of the world’s seven largest economies, including India and China , with the objective of rectifying flaws before they imperil growth. The US, Japan, Germany, France and Britain are the other five countries that influence the global economy.
In “The Effects of the Global Crisis on Islamic and Conventional Banks: A Comparative Study,” economists Jemma Dridi of the IMF’s Middle East and Central Asia Department and Maher Hasan of the IMF’s Monetary and Capital Market Department look at the effects of the crisis on bank profitability, credit, and asset growth in countries where both types of banks have a significant market share. The new working paper adds an empirical dimension to the debate on the relationship between Islamic banking and financial stability, a topic that has generated renewed interest since the global crisis.
Just 10 short years ago, the 189 member states of the United Nations signed a declaration in which they said “we will spare no effort to free our fellow men, women, and children from the abject and dehumanizing conditions of extreme poverty to which
