360° Coverage : India asks rich nations to give heads up on monetary policy exit

1 Updates
India asks rich nations to give heads up on monetary policy exit
Photo Credit: RAVEENDRAN, Getty Images

India asks rich nations to give heads up on monetary policy exit

Oct 12 2013, 2:48pm CDT | by IANS

Washington, Oct 12 (IANS) A day after the Group of 20 pressed the US to avoid a potentially devastating default, India Saturday asked advanced economies to give a heads up when the time comes for an exit from unconventional monetary policies.

Washington, Oct 12 — A day after the Group of 20 pressed the US to avoid a potentially devastating default, India Saturday asked advanced economies to give a heads up when the time comes for an exit...

Filed under: news

YouTube Videos

 
 
 

46 weeks ago

India asks rich nations to give heads up on monetary policy exit

Oct 12 2013, 2:48pm CDT | by IANS

Washington, Oct 12 (IANS) A day after the Group of 20 pressed the US to avoid a potentially devastating default, India Saturday asked advanced economies to give a heads up when the time comes for an exit from unconventional monetary policies.

Washington, Oct 12 — A day after the Group of 20 pressed the US to avoid a potentially devastating default, India Saturday asked advanced economies to give a heads up when the time comes for an exit from unconventional monetary policies.

Noting that "global recovery is as yet fragile," Finance Minister P. Chidambaram said, "It needs to be ensured that it is nurtured and put on a sustainable path through appropriate policy actions, both in advanced and emerging market economies."

"Dialogue, cooperation and effective communication, on a multilateral basis, would be important in ensuring this," he told world's financial leaders gathered here for the International Monetary Fund World Bank annual meetings.

"Although the improving economic activity in the US is a good sign," Chidambaram said, "a smooth exit from the unconventional monetary policies poses a major challenge for the policymakers in advanced and emerging economies".

"Given the risks involved in the exit from the unconventional monetary policies, there is a need to communicate clearly to market participants the parameters that will guide the exit," he said.

"Emerging market economies also need to strengthen their domestic fundamentals and be prepared with appropriate policy responses in different scenarios, to meet the challenge arising out of exit from the unconventional monetary policies in advanced economies," he said.

India's warning came amid report that the negotiations between President Barack Obama and Republicans to raise the US debt limit had broke down - just days before the nation reaches its borrowing limit Oct 17 - with the White House rejecting Republican's latest offer.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist Steven Sotloff, CNN reported.
 
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported.
 
 
India offers red carpet, not red tape, Modi hard sells India (Roundup)
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hard sold India to Japanese investors saying that his country offers only a red carpet and not red tape while dubbing his five-day trip to Japan that ends Wednesday as "very successful".
 
 
Fear grips onlookers as Ebola victim walks through market
Monrovia, Sep 2 (IANS) A video footage has emerged from Liberia showing a person tagged positive for Ebola virus disease (EVD) walking through a busy market, sending hundreds of horrified onlookers fleeing in fear, a media report said Tuesday.
 
 
 

Latest from the Network

11 killed in Pakistan building collapse
Islamabad, Sep 2 (IANS) At least 11 people, including women and children, were killed Tuesday when a roof of an old building collapsed in Pakistan, a media report said. As many as 18 people were wounded when a two-...
Read more on Politics Balla
 
Imran refuses to budge as parliament supports Pakistan PM (Roundup)
Islamabad, Sep 2 (IANS) Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan refused to budge on his demand for Prime Minister Nawaz Sharif's resignation Tuesday as a joint session of parliament came out overwhelmingly...
Read more on Politics Balla
 
IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist...
Read more on Ad Balla
 
Modi cites people's efforts for India-Japan strategic ties
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday said India and Japan were now working as "special strategic and global" partners and this was the result of efforts of not just the two governments but because...
Read more on Politics Balla
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported. The video also...
Read more on Ad Balla
 
Rahane shines as India seal series in Edgbaston
Birmingham, Sep 2 (IANS) Ajinkya Rahane's maiden century and his century-run stand with Shikhar Dhawan powered India to a comprehensive nine-wicket win over England in the fourth ODI here Tuesday and also sealed the...
Read more on Sport Balla
 
India vs England: Scoreboard, fourth ODI
Birmingham, Sep 2 (IANS) The following is the final scoreboard of the fourth ODI between India and England at Edgbaston here Tuesday. England Alastair Cook c Raina b Kumar 9 Alex Hales b Kumar 6 Gary Ballance c Rahane...
Read more on Sport Balla
 
Britain asks citizens to review travel plans to Pakistan
Islamabad, Sep 2 (IANS) The British Foreign and Commonwealth Office (FCO) has advised its citizens to review their planned trips to Pakistan in view of the volatile security situation in the country. "There is a high...
Read more on Politics Balla
 
Jaime King: Motherhood is all that matters
Jaime King says her son is the most important thing in her life now. The 'Sin City: A Dame to Kill For' star welcomed her first child James - her son with husband Kyle Newman - into the world last October and since she...
Read more on Celebrity Balla
 
Chris Brown pleads guilty to assault
Chris Brown has pleaded guilty to assault. The 'Beautiful People' hitmaker was sentenced to time already served by a judge after accepting a plea deal at a Washington DC superior court today (02.09.14), where he was...
Read more on Celebrity Balla