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India gets more voting rights in IMF

International Monetary Fund’s (IMF’s) long-pending 2010 Quota

and Governance Reforms have finally become effective.

The resforms give boost to the representation of emerging

economies like India, China, Brazil, Russia and increases their

power and greater say in IMF.

India’s voting rights increased by 0.3% from the current 2.3% to

2.6%.

China’s voting rights increased by 2.2% from current 3.8% to 6 %.

These reforms shifted more than 6% of the quota shares to

emerging and developing countries from the US and European

countries. Russia and Brazil also have gained from the reforms.

China will have the 3rd largest IMF quota and voting share after

the US and Japan.

While, India, Russia and Brazil will also be among the top 10

members of the IMF.

20 cities shortlisted under Smart Cities Mission:

The Ministry of Urban Development has shortlisted 20 cities from 11 States

and Delhi Union Territory in the list of first batch of Smart Cities Mission.

State wise Cities: Among the shortlisted 20 Smart cities, 3 are from Madhya

Pradesh, 2 each are from Maharashtra, Rajasthan Tamil Nadu, Karnataka,

Gujarat and Andhra Pradesh and 1 each from Odisha, Kerala, Delhi (UT),

Assam and Punjab.

20 shortlisted smart cities (Rank wise) are

Bhubaneswar

Pune

Jaipur

Surat

Kochi

Ahmedabad

Jabalpur

Visakhapatnam

Solapur

Davangere,

Indore

New Delhi Municipal Corporation

Coimbatore

Kakinada

Belagavi

Udaipur

Guwahati

Chennai

Ludhiana

Bhopal

What is a Smart City?

A smart city is highly advanced urban region in terms of overall

infrastructure, communications, sustainable real estate and market

viability. In this city information technology (IT) is the principal

infrastructure and the basis for providing essential services to residents.

There are many technological platforms involved the principal

infrastructure of the smart cities and it is not limited to automated sensor

networks and data centres.

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