| Indian appointed to key IMF post | 22-NOV-09 |
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| With an experience in managing complex work programmes, Indian economist Siddharth Tiwari has been named as secretary of the International Monetary Fund (IMF) by its Managing Director Dominique Strauss-Kahn. |
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| Indian appointed to key IMF post | 21-NOV-09 |
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| With a proven track record in managing complex work programmes, Indian economist Siddharth Tiwari has been named as the Secretary of the International Monetary Fund by its Managing Director Dominique Strauss-Kahn. |
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| G-20 at centre of US' cooperative effort: Geithner | 18-NOV-09 |
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| Noting that G-20 is the premier forum for international economic co-operation, US Treasury Secretary Timothy Geithner has told lawmakers that the Obama Administration is placing the forum at the centre of its global economic cooperative effort. |
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| IMF chief again says Chinese yuan should rise | 16-NOV-09 |
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| International Monetary Fund (IMF) chief Dominique Strauss-Kahn today reiterated that a stronger yuan would help bolster China's economy, amid mounting pressure on Beijing to let the currency rise. |
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| A V Rajwade: All that glitters is not gold | 16-NOV-09 |
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| The older I’m growing, the more difficult it is becoming for me to understand the rationale for some of the central bank’s decisions. In recent weeks, I have been puzzled by the decision to buy 200 tonnes of gold from the IMF at a cost of $6.7 billion, as also by the proposal to introduce credit default swaps in the Indian market. The decision to buy gold was described as an “earthquake” in a recent Financial Times editorial (November 7). |
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| Y V Reddy: Asia in a post-crisis 'new normalcy' | 09-NOV-09 |
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| There are several reasons for examining the likely consequences for Asia of the global financial crisis and economic slowdown. First, this financial crisis, unlike others in recent decades, originated in developed economies of the “centre”, like the US and the UK, and not in the “periphery”, namely, Latin America, Asia or Eastern Europe. Second, the near collapse of markets happened in countries whose financial sector was considered a model for all others to emulate. |
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| Precarious Pakistan | 09-NOV-09 |
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| Fourteen people died in a stampede in Karachi on September 13 as they lined up to get free flour. That this took place in the affluent Karachi highlights the worsening economic situation. |
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| A V Rajwade: Managing G3 currencies | 09-NOV-09 |
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| In a recent article (October 19, 2009), Financial Times quoted Tim Adams, former under secretary for International Affairs at the US Treasury, as saying: “The exchange rate is the tail on the dog. If you get the fundamentals right, the exchange rate will follow over time. |
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| Gold hits record high on strong demand | 08-NOV-09 |
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| Gold prices today spiked to a new high of Rs 16,900 per 10 gm in the bullion market here on strong marriage season demand amid firmimg global trends. Gold gained Rs 75 to close at Rs 16,900, a level never seen before. The precious metal in the US markets scaled a new high of $1,099 an ounce. |
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| 'Interest rates won't rise for two quarters' | 06-NOV-09 |
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| There won’t be any earnings upgrades for India Inc till it starts investing; and firms aren’t going to invest until they see firm signs of a global recovery, perhaps when fourth quarter US numbers are out. This, in a nutshell, is the view of JPMorgan’s head of economic research. Prior to this, Jahangir Aziz has done a stint as principal economic advisor in the ministry of finance — he’s also headed the China desk at the IMF. |
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| All that glitters... | 05-NOV-09 |
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| The purchase of 200 tonnes of gold by the Reserve Bank of India (RBI) from the International Monetary Fund (IMF) for $6.7 billion has evoked a rather sentimental response in this country. The memory of the 67 tonnes of gold that was pledged to the Bank of England in 1991 as India struggled to find its way out of a severe balance-of-payments crisis still rankles. Almost 19 years later, the country’s ability to buy three times that amount with barely a ripple being caused in its $285-billion foreign exchange reserves is a huge vindication of all the things that various governments have over the years done to reinforce and consolidate on the reform process that was initiated in the aftermath of the 1991 crisis. Well, perhaps a little bit of sentimentality is appropriate, but this is also an opportunity to look back over the past two decades and reflect on whether the reform process delivered on its promises. |
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