India announces $ 10 billion for debt-wracked eurozone

[neutral_person]

indian govt should use it on there own economy which is getting down day by day with inflation & ppls dont have food to eat, instead of showing offf to the world tht they are helping europe (which i doubt).

surely europeans will laugh on it..but who cares indians must be proud of it...

There is a reason why Pakistan does not have an economy. Financial "gurus" like you contribute very heavily to this cause. With people like your level of intellect in Pakistan, we can almost be assured that Pakistan will never grow much economically.

 

[xataxsata]

China = 43 Billion

http://www.chinadaily.com.cn/xinhua/2012-06-19/content_6224017.html1st
LD: China to contribute 43 billion USD to IMF recapitalization
LOS CABOS, Mexico, June 18 (Xinhua) -- China announced Monday that it will contribute 43 billion U.S. dollars to the recapitalization of the International Monetary Fund (IMF) at the G20 summit being held here.

The summit discussed the issue of boosting funding for the IMF, and the G20 leaders agreed that in order to address the risks and challenges the world economy is currently faced with, it is necessary to ensure that the IMF is sufficiently capitalized.

China has always made it clear that it will not be absent in IMF recapitalization, and holds that the recapitalization has to be based mainly on quotas and the top imperative thing is to implement the IMF's 2010 quota and governance reform package.

China has repeatedly expressed the hope that relevant countries should go through the approval process of the plan as soon as possible in order to ensure that the reform package will be effective before the 2012 IMF annual meetings in October.

Its not a dick measuring contest...cheap chinese should respect PDF rules before posting off topic just for the sake of 50 cents.

 

[ashok321]

Guys, ladies and gentleman, who are against India as a whole, should know one thing.
Country like india is not going to fail, its too big to fail.
Foreign remmitance to india from Indians overseas and income from software codes brings a whopping 100 Billion USD to India.
According to New york times, Indian PSUs owned by Indian Gov are worth 600 billions, minust the Indian Railways and Postal service. If the GOI starts divestment plan, India would sitting on a trllion dollar pile.
So India haters, please stay away.

 

[RazPaK]

As much as I want to make fun of them, the bharti baniya babus made a good move.

 

[tvsram1992]

It says our economy is strong enough despite fall of rupee

 

[neutral_person]

Guys, ladies and gentleman, who are against India as a whole, should know one thing.
Country like india is not going to fail, its too big to fail.
Foreign remmitance to india from Indians overseas and income from software codes brings a whopping 100 Billion USD to India.
According to New york times, Indian PSUs owned by Indian Gov are worth 600 billions, minust the Indian Railways and Postal service. If the GOI starts divestment plan, India would sitting on a trllion dollar pile.
So India haters, please stay away.

Soviet Union (a superpower at its peak) failed. Any nation can fail if it makes the wrong choices.

 

[livingdead]

Eurozone sudden collapse could be a calamity for all of us, I guess whoever can should contribute.
Pakistan and bangladesh, excused.

 

[harpoon]

As much as I want to make fun of them, the bharti baniya babus made a good move.

Why bcs you saw China contributing 4 times the Indian contribution and as far as making fun is concerned you and your friends use 'bharti' to address us eventhough many Indians here pointed out that its not the correct way.

 

[AyanRay]

Well this actually isnt a loan nor its aid. If you read carefully the functioning of IMF, you will understand that India is actualy investing the money. In return of the idle forex we are buying SDR or special depository rights from.IMF. Its same like when you are putchasing FDs from bank. You dont really say you are giving a loan to the bank, instead you are investing. The same principle apply here. Nothing to boost about.
btw China can 43 billion for IMF, but was penniles when Pakistan had asked for help( then they had to go to IMF). ....Interesting

 

[sancho]

It's a good diplomatic move but was it necessary Indian fellows?

It's a good move, but won't make any change, since some of these countries needs waaaaay more money to come out of the mess. The availability of money isn't even the real issue, but governments finding the right ways for their own countries, as well as common policies for the EURO partners as a whole.

However, this will put more pressure on the EURO partners to speed up of finding a solution!

indian govt should use it on there own economy

To make it as simple as possible

Eurozone getting back in shape => more orders for Indian economy and more invest into India => more growth of Indian economy and more jobs created in India!

 

[punit]

why loan just transfer 10% of indian money in swiss bank a/c to Euro bank(?)

 

[keerthan]

why loan just transfer 10% of indian money in swiss bank a/c to Euro bank(?)

with that money we can even bailout half of the eurozone countries

 

[Vibs]

why loan just transfer 10% of indian money in swiss bank a/c to Euro bank(?)

Technically not all of that money is black money. But I suppose transferring even a single account would probably do the job . I'd love to see the developed nations to even try and push their candidate for the IMF chief's post once the current term is over after all these donations.

 

[lilaspr]

To all who say India shouldn't .... BRICS has already committed to $60 billion. so basically India has played a sly hand pledging $10bn. Its a BRICS deal. relax...

 

[Roybot]

To all who say India shouldn't .... BRICS has already committed to $60 billion. so basically India has played a sly hand pledging $10bn. Its a BRICS deal. relax...

Yeah well where do you think "BRICS" will get its money from?