India set to become eighth largest shareholder in IMF

India is ready to become the 8th largest shareholder in the IMF after quota reforms which are expected to be finalized at the agency’s annual meeting at Tokyo in October 2012. Once the quota reforms are put through, India’s share ..

Month: Current Affairs - June, 2012

G20 concurs to boost infrastructure investment

In a big advantage to India, the G20 countries agreed to give precedence to investment in infrastructure in developing countries in order to fuel global growth which has been hindered due to the weakening world economy and the Euro zone ..

Month: Current Affairs - June, 2012

India need not transfer $10 bn into IMF right away

India may not be required to infuse $10 billion (Rs 55,000 crore) it promised at the G20 to the International Monetary Fund (IMF) for bailing out debt-trapped Euro zone if the global economic situation gets better The amount to be ..

Month: Current Affairs - June, 2012

G-20 Cannes summit 2011

G-20 is a group of finance ministers and central bank governors from 20 economies which include 19 countries viz. South Africa, Canada, Mexico, United States, Argentina, Brazil, China, Japan, South Korea, India, Indonesia, Saudi Arabia, Russia, Turkey, France, Germany, Italy, ..

Month: Current Affairs - December, 2011

Category: Summits and Conferences

International Groups from G-1 to G-77

G1: The G1, or Group of One, does not actually exist as a formal group. The term is sometimes used to refer to the United States as the sole superpower in the world. G3: The G3 is a group composed ..