https://www.taxtmi.com/news?id=13760 India's IMF quota is projected to rise to 2.75% under the 2010 Quota and Governance Reforms, moving India to the eighth largest quota holder; IBRD reforms will raise India's voting power to 2.91%, making it the seventh largest shareholder. For reforms to enter into force, members holding at least 70% of quotas must consent in writing and Executive Board reform must be accepted by three-fifths of members representing 85% of voting power. Reported consent stands at 159 members (78.88% of quotas) for quota increases and 145 members (76.97% of quotas) for the Executive Board amendment. en-us Sat, 20 Dec 2014 10:00:53 +0530 Sat, 20 Dec 2014 10:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13760 India's IMF quota is projected to rise to 2.75% under the 2010 Quota and Governance Reforms, moving India to the eighth largest quota holder; IBRD reforms will raise India's voting power to 2.91%, making it the seventh largest shareholder. For reforms to enter into force, members holding at least 70% of quotas must consent in writing and Executive Board reform must be accepted by three-fifths of members representing 85% of voting power. Reported consent stands at 159 members (78.88% of quotas) for quota increases and 145 members (76.97% of quotas) for the Executive Board amendment. News - Sat, 20 Dec 2014 10:00:53 +0530 https://www.taxtmi.com/news?id=13760