Jaswant will not attend IMF-WB meet

Finance Minister Jaswant Singh will not attend the spring meeting of IMF and World Bank starting in Washington on March 20.RBI Governor Y.V....

Finance Minister Jaswant Singh will not attend the spring meeting of IMF and World Bank starting in Washington on March 20.

RBI Governor Y.V. Reddy will lead the Indian delegation to the five-day IMF-WB meet that would review the progress of the two multilateral funding institutions, a Finance Ministry official said today.

Singh will be busy campaigning for the Lok Sabha elections during this period.

The Indian delegation, headed by Reddy, would comprise Finance Secretary D.C. Gupta, Chief Economic Advisor Ashok Lahiri, Additional Secretary S. Mankad and Joint Secretary (IMF-WB) R. Banerjee, official sources said.

Choksi and his nephew Nirav Modi are wanted in the alleged Punjab National Bank fraud case that they allegedly orchestrated through fraudulent Letters of Undertaking in connivance with some bank officials at the Brady House branch in Mumbai.

‘Personal space, adequate light’: India assures Belgium on Mehul Choksi if extradited

India1 hr ago

Four months after Mehul Choksi, the fugitive diamond trader wanted in India for the alleged Rs 13,000 crore Punjab National Bank (PNB) loan fraud case, was arrested in Belgium, India sent a letter of assurance to the country’s government, saying it will keep him in Mumbai’s Arthur Road jail complex, “if extradited”.

View all shorts

Live Blog