G 20 Major Economies

G20 leaders promise to produce plan for global growth

The leaders of the world's largest economies have agreed to step up their efforts to boost growth and job creation, which they call the top priority in fighting the effects of the European economic crisis

India cautions against slowdown in IMF quota reforms

Pointing out that the quota formula was of central importance since quotas are the main determinant of the voting power of members, Pranab Mukherjee said efforts should be made to complete it by the target date of January 2013.

Singh to attend G20 Summit, leaves for Cannes tomorrow

Prime Minister Manmohan Singh heads for Cannes in France Wednesday to attend a crucial summit of the world's 20 leading economies(G20) during which India is expected to make a call to resist trade protectionism when the global economic growth is facing a slowdown.

IMF to publish analysis on imbalances, currencies

The International Monetary Fund said on Monday it will begin publishing regular analyses of global economic imbalances and exchange rates as part of a growing role, a move that could draw it deeper into difficult international disputes.

India set to become 8th largest shareholder in IMF

India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October.

PM defends India's $10 bn contribution to EU bailout fund

Defending the Government's decision, the prime minister said the contribution will be used up only if the need arose and asserted it will continue to be part of the country's reserves.

G20 summit: China, Brazil to rescue of 'developed' nations

The G20 gathering did outline the globe's new balance of power. Developing countries projected optimism and wealth, while European and US leaders struggled just to stay solvent.

Obama, Singh may have a separate meeting at G-20 summit

Singh and Obama share an excellent bonhomie, with the President often turning to the economist-turned politician for advice on economic issues.

Sigh of relief at G20 summit over Greek election results

Spanish Prime Minister Mariano Rajoy lauded the Greek vote while speaking to reporters in Mexico on Sunday, saying "we have improved a lot since we've entered the euro."

G-20 must get 'credible and ambitious' plan for global economy: India

The proposed action plan is to be adopted by the leaders of these countries at their summit in La Cabos, Mexico in June.