Finance Minister Arun Jaitley is leaving for United States tomorrow to attend the IMF-World Bank Spring meetings in Washington.RBI Governor Dr Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting which is likely to focus on the steps needed to give a push to the global economy.International Monetary Fund (IMF) Managing Director Christine Lagarde had described the country as a 'growth bright spot' during her visit last month.Emerging counties, like India, China, Brazil and Russia have been asking for increased voting rights in IMF, which would reflect their growing share in world economy.The quota reform, once implemented, will increase India's voting share from the current 2.44 per cent to 2.75 per cent, following which the country will become the eighth largest quota holder at the IMF, up from the 11th position.
News On AIR | April 13, 2015 9:13 PM
FM leaving for US tomorrow to attend IMF-World Bank Spring meetings