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

 
 
 

49 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

Dry roasted peanuts may trigger allergy risk
London, Sep 22 (IANS) Dry roasted peanuts are more likely to trigger an allergy to peanuts than their raw form, suggests a study.
 
 
How to prevent depression risk among teens
New York, Sep 22 (IANS) If you wish to shield your kids from depression, driving home the point that personalities can be changed may help, a study suggests.
 
 
Chinese firm sacks 340 employees over expired meat
Shanghai, Sep 22 (IANS) The parent company of Shanghai Husi Food Co. Ltd. has announced it will sack 340 employees of the firm following an expose that it used expired meat.
 
 
Newborns have strong immune system
London, Sep 22 (IANS) Although their immune system works very differently from that of adults, babies may be able to mount a stronger immune defence than previously thought, a study suggests.
 
 
 

Latest from the Network

Dry roasted peanuts may trigger allergy risk
London, Sep 22 (IANS) Dry roasted peanuts are more likely to trigger an allergy to peanuts than their raw form, suggests a study. Specific chemical changes caused by the high temperatures of the dry roasting process...
Read more on Celebrity Balla
 
Asiad basketball: India men down Kazakhstan 81-60
Incheon, Sep 22 (IANS) The Indian men's basketball team registered their second win from three matches in the 17th Asian Games here Monday, defeating Kazakhstan 81-60 in a qualifying round Group B encounter at the...
Read more on Sport Balla
 
How to prevent depression risk among teens
New York, Sep 22 (IANS) If you wish to shield your kids from depression, driving home the point that personalities can be changed may help, a study suggests. A low-cost, one-time intervention that educates teenagers...
Read more on Celebrity Balla
 
Chinese firm sacks 340 employees over expired meat
Shanghai, Sep 22 (IANS) The parent company of Shanghai Husi Food Co. Ltd. has announced it will sack 340 employees of the firm following an expose that it used expired meat. In a statement posted on its website Monday...
Read more on Business Balla
 
Asiad volleyball: Indian women lose to Japan
Incheon, Sep 22 (IANS) The Indian women's volleyball team lost 0-3 in a Group A preliminary round match of the 17th Asian Games at the Ansan Sangroksu Gymnasium here Monday. The Indian team, which had lost to South...
Read more on Sport Balla
 
Bahrain national elections to be held in November
Manama, Sep 22 (IANS) Bahrain's national elections will be held in early November, Minister of State for Information Affairs Sameera Rajab said. An exact date for the parliamentary and municipal council elections,...
Read more on Politics Balla
 
Citizens' freedom might be restricted for security: Australian PM
Canberra, Sep 22 (IANS) The Australian government is set to introduce counter-terrorism laws to crack down on Australians fighting for militant or terrorist groups, media reported. Australians have been warned that...
Read more on Politics Balla
 
Newborns have strong immune system
London, Sep 22 (IANS) Although their immune system works very differently from that of adults, babies may be able to mount a stronger immune defence than previously thought, a study suggests. Contrary to what was...
Read more on Business Balla
 
Nicolas Cage hurt by 'snarky comments'
Nicolas Cage admits ''snarky comments'' get him down. The 'Kick-Ass' actor can't stop himself reading peoples' opinions, and revealed he sometimes cares too much and complains to his wife about what the public have said...
Read more on Movie Balla
 
Roberto Orci drops out of Power Rangers reboot
Roberto Orci has dropped out of the 'Power Rangers.' The screenwriter-and-producer has been forced to quit as executive producer in the Lionsgate and Haim Saban's upcoming big screen reboot as his 'Star Trek 3'...
Read more on Movie Balla