
IMF asks India to gear up to meet impact of global crisis
Emerging economies like India, which is expanding rapidly, are not insulated from the impact of a slowdown in the US and would feel the pinch "sooner or later," the International Monetary Fund said on Wednesday.
"The industrial and emerging economies are like two horses yoked together," IMF Managing Director Dominique S Kahn said, adding that nations world over would have to face the impact of global financial crisis "sooner or later".
Kahn, who is on a three day visit to India, also underlined the need for a global solution to the problem of financial crisis, which could have a ripple effect on several economies.
While firming up their response to the global crisis, he suggested, the emerging economies should consider the scope of monetary easing and their ability to provide fiscal stimulus.
The extra spending, he added, should be for a smaller period and must be backed by policy measures like exchange rate flexibility.
Referring to the Indian growth story and future prospects, he said: "India's economic engine will run smoothly and there is no reason why the country should not remain a lucrative investment option for the rest of the world."
The IMF chief further added India's economic growth rate of 8.2 to 8.3 per cent was "not that bad".

Time to review 50% cap on quota? Supreme Court asks states
- If the Supreme Court's five-judge bench accepts that the judgment in Indra Sawhney case should be modified, the case will have to be referred to an 11-judge bench.

SC to examine whether to review 50% cap on quota: Key points

Toolkit case: Nikita Jacob, Shantanu Muluk’s bail plea to be heard today

Money laundering case: ED raids MLA Sukhpal Khaira's house in Chandigarh

Farmers' protest: India condemns false assertions in UK parliamentary debate

Indiscriminate mining has irreversibly damaged Aravallis, suggest documents

With 15,388 new cases, India's daily Covid-19 infections dip slightly

'India stands out in terms of its Covid-19 vaccine policy', says IMF's Gopinath

Kolkata fire tragedy: Centre orders high-level inquiry and other latest updates
- On Tuesday morning, Prime Minister Narendra Modi announced ex-gratia of ₹2 lakh each from the Prime Minister's National Relief Fund for the next of kin of those killed in the fire.

Delhi HC to hear plea challenging new rules to regulate internet content

News updates from HT: IMD predicts rain, snow in western Himalayan region

Missing woman's body, chopped into pieces, found in Jharkhand

‘No lesson needed from Amit Shah’: Kerala CM’s retort to home minister
- Amit Shah had earlier hit out at Vijayan, saying the Kerala CM had no moral right to continue in power after ED pointed to a statement alleging his involvement in the gold smuggling case.

Rain, snow predicted in western Himalayan region for next few days: IMD
