While India emerged relatively unscathed from the global financial-crisis, there should be no room for complacency, RBI Governor Shaktikanta Das said on Monday. As a member of the several multilateral institutions, India actively participated in the post-crisis reforms of the international regulatory and supervisory framework under the aegis of the G20 and the Basel Committee, Das said in a speech posted on RBI's website.

President Donald Trump considered nominating his daughter to head the World Bank, and she also would have been "great" as US ambassador to United Nations, he said in an interview published on Friday. "She's a natural diplomat," Trump told The Atlantic. "I even thought of Ivanka for the World Bank," Trump said. "She would've been great at that because she's very good with numbers."

The World Bank confirmed that senior US Treasury official David Malpass was the lone candidate nominated to take over the helm of the development aid institution. Nominations closed Thursday morning, and World Bank board said it will conduct a formal interview and make a decision before the Spring meetings of the World Bank and International Monetary Fund, which are to be held April 12-14.