Leaders of emerging economies said on Monday that they wanted the IMF to put in place reforms to increase their influence before they step up contributions to a fund to prevent future crises.

Leaders

India and Russia each pledged $10 billion on Monday for an IMF firewall meant to prevent future crises, marking a new level of commitment by emerging economies as they seek a greater voice.

At a summ

Prime Minister Manmohan Singh on Tuesday said his government is determined to take 'tough' decisions, including on controlling subsidies, to reverse the expansion of the fiscal deficit, even as he exp