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IMF chief Lagarde meets Pranab, discusses euro zone crisis

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The International Monetary Fund (IMF) chief Christine Lagarde today met Finance Minister and discussed the global economic situation, including the euro zone crisis.

"We particularly discussed the euro area situation and we also discussed the role of IMF and importance that emerging market economies have to play within organisation," Lagarde told reporters after meeting Mukherjee here.

Lagarde said that she had elaborate discussions on the general economic situation.

The IMF Managing Director's two-day visit to India comes at a time when the European debt turmoil poses risk to the fragile global economic recovery.

The multilateral agency is also looking to bolster its financial resources -- especially with contributions from emerging majors such as China and India.

She would be participating in the conference on 'China and India: Sustaining High Quality Growth' here tomorrow. The event is co-organised by the IMF.

Lagarde came to India today after spending two days in China, where she met top Chinese officials, among others.

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Oil cos hike jet fuel prices by 3%

State-owned oil companies today hiked jet fuel price by about 3%, the third time they have increased rates this month.

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