Imf Dissatisfied With India & #8217;S Data Standards

The International Monetary Fund has expressed concern at India's progress in effecting transparency in publishing economic data especially relating to its short-term fluctuation in foreign currency position as per the Standard Data Dissemination Standards (SDDS), which the country has signed. In a letter to finance secretary Ajit Kumar, the executive director of IMF Vijay Kelkar has said out of the 39 countries only three including India has failed to keep up to the schedule.

The letter says the country has not been able to create a suitable data standards to ensure that all relevant data on the country's reserves are released on a monthly basis. While the RBI does release weekly figures on the foreign exchange position including the amount of gold and SDRs that it holds, the IMF has asked for data on the