Shaktikanta Das city New Delhi Usa India pandemic economy crisis Coronavirus rights Shaktikanta Das city New Delhi Usa India

Shaktikanta Das differs with govt over IMF's $500 billion rights plan

Reading now: 703
www.livemint.com

NEW DELHI : While India joined the US last month to oppose the International Monetary Fund’s (IMF’s) plan to issue $500 billion of fresh special drawing rights (SDRs) to help member countries combat the economic fallout of the coronavirus pandemic, Reserve Bank of India (RBI) governor Shaktikanta Das seems to have supported the move during the same IMF-World Bank virtual spring meeting.

SDR is an international reserve asset created by IMF comprising the dollar, euro, yen, sterling and yuan. It is allocated to its members in proportion of their quota.

India’s SDRs rose by $2 million in a week’s time to $1.4 billion as on 15 May. A fresh SDR issue by IMF would have helped the least developed and developing countries facing foreign exchange

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Steve Smith - Australia pips Sri Lanka in Super Over, takes 2-0 series lead - newsfirst.lk - Sri Lanka - Australia
newsfirst.lk
66%
573
Australia pips Sri Lanka in Super Over, takes 2-0 series lead
Josh Hazlewood conceded just five runs in the Super Over as T20 World Cup champion Australia edged Sri Lanka on Sunday after the second game of their series finished in a tie.Australia Innings:Australia was sent in to bat in Sydney and posted 164 for 6, with Josh Inglis scoring 48 from 32 balls to lead the scoring.Dushmantha Chameera took 2 for 30, including wickets with consecutive balls in the 19th over to remove Steve Smith (14) and Marcus Stoinis (19), and Wanindu Hasaranga returned 2 for 33.Sri Lanka Innings:Sri Lanka was always behind in the run chase after losing wickets in the first, third and fifth overs to slip to 25 for 3, but opener Pathum Nissanka’s 73 from 53 deliveries kept the visiting team in contention.Sri Lanka needed 46 from the last 18 balls for victory and, when Hasaranga was run out for 34 on the last ball of the 19th over, still needed 19 off the last over from Stoinis to win the match and level the series.They scored 18 , with Maheesh Teekshana hitting the second ball he faced for six and Chameera hitting a four down the ground on the last ball to level the scores.Super Over :With the Super Over in play Hazlewood, who returned 3 for 22 in his four overs in regulation, bowled two dot balls and a bye, which resulted in Dinesh Chandimal being run out by a direct hit from Glenn Maxwell as Sri Lanka slipped to 1- 1. The Sri Lankans managed to get to 5 for 1 after six balls.Maxwell took a single off Hasaranga from the first ball of Australia’s Super Over and Stoinis did the rest, driving down the ground for consecutive boundaries to secure the victory with three balls to spare.
DMCA