The US government has finally given into the legislation for the emerging economies
this means that the US will not have the veto voting power among all of the voting nations remember the Chinese Yuan Renembi will be activated October 1st - 16th 2016.
GNS Research
NEW DELHI: India will join the US, Japan, Germany and France at the International Monetary Fund's top table along with three other emerging markets after the multilateral institution approved much-delayed quota reforms on Wednesday. India is now among the top largest 10 members of the IMF, along with Italy and the UK besides fellow newcomers, Brazil, China and Russia.
The changes had been pending since 2010. Finance minister Arun Jaitley had made a strong pitch for their early implem ..
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