IMF news

4TH Global Conference on 'Tax and Inequality' Concludes

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. ...

Posted Under: Income Tax |

Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved

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 repres...

Posted Under: Income Tax |

French Finance Minister, Chiristine Lagarde calls Pranab Mukherjee for support in IMF

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 cu...

Posted Under: Income Tax |

IMF – Selection of new chief due on June 30

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...

Posted Under: Income Tax |

IMF chief jailed without bail in NY hotel-sex case

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. ...

Posted Under: Income Tax |

IMF not to pay bill for Kahn's infamous hotel stay

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 US...

Posted Under: Income Tax |

India among world’s top 7 economies under G-20 scanner

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. ...

Posted Under: Income Tax |

Advanced Economies Need Long-Term Efforts to Tame Public Debt, IMF Studies Find

Advanced economies must pursue long-term policy reforms to reduce public debt levels over the coming decades and ensure future fiscal sustainability, according to three papers published today by the International Monetary Fund (IMF). In order to protect the fragile economic recovery, support growth and job creation and provide reassurance...

Posted Under: Income Tax |

National policies alone cannot prevent a crisis

Give the known challenges, every central bank has to move in the direction of taking right steps that it may feel as appropriate despite lack of consensus on many critical issues, without waiting for the global system to move. It would be wrong, however, as noted by Mr. Stephen Roach, to presume that “best global policies are the sum of...

Posted Under: Income Tax | ,

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