According to reports, Ivanka Trump and Washington's former UN ambassador Nikki Haley were among possible US candidates to replace Jim Yong Kim. Through an unwritten post-war pact with Europe, the World Bank has always been led by an American while a European has always been in charge of the IMF.
'RBI's refusal to engage forced govt to mull extreme legal step'The Modi government was driven to consider the extreme step of invoking the never-before-used Section 7 of the RBI Act by central bank governor Urjit … Read MorePresident Xi admits 'uncertainty' in China's economy
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via IFTT… Read MoreCar companies likely to hike discounts on flat salesExpect the discounts and freebies on cars to go up. As higher fuel prices, increased insurance costs and rising interest rates pinch the customer's po… Read MoreIndia, China to undertake joint research on WTO reforms
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via IFTT… Read MoreG N Bajpai resigns from IL&FS boardOn October 3, the government had set up a seven-member team to replace the earlier board of IL&FS with Bajpai as one of its members and chaired by… Read More
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