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3rd G20 FMCBG meet outcome document focuses on debt vulnerabilities, crypt
Updated : 2 years, 8 months ago IST
“Managing global debt vulnerabilities is a significant priority area for 2023, reflecting the Indian Presidency’s endeavour to voice the concerns of the Global South,” the outcome document of the meeting read.
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Rupee, Dirham mechanism is a paradigm shift in making trade settlements: I
Updated : 2 years, 8 months ago IST
“Now, just like that, the Rupee-Dirham mechanism which we have just signed, is the first one for both of us. In that sense, it's extremely significant. I actually see it as a paradigm shift in how we can make trade settlements”, he added.
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G20 FMCBG meet: IMF chief calls for speedy, effective debt restructuring p
Updated : 2 years, 8 months ago IST
“While this progress is important and welcome, the debt restructuring process still needs to be speedier and more effective. The costs of delays in reaching an agreement on needed debt treatments are borne acutely by borrower countries and their people, who are least able to bear th
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RBI Governor meets World Bank President during G20 meeting
Updated : 2 years, 8 months ago IST
Reserve Bank of India Governor Shaktikanta Das met World Bank President Ajay Banga during the G20 Summit in Gandhinagar, Gujarat and discussed various issues.
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Sitharaman meets Bangladeshi counterpart on sidelines of G20 meet, discuss
Updated : 2 years, 8 months ago IST
Finance Minister Nirmala Sitharaman, on Monday, met her Bangladeshi counterpart Mustafa Kamal on the sidelines of the G20 Finance Minister and Central Bank Governors meeting in Gujarat.
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I'm more optimistic today about India: World Bank President Ajay Banga
Updated : 2 years, 8 months ago IST
World Bank President Ajay Banga on Monday said that he is more optimistic today about India economically than he has been for a long time and lauded the government’s initiatives towards digitization of infrastructure
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Global growth uneven with uncertain outlook: Sitharaman at G20 FMCBG meet
Updated : 2 years, 8 months ago IST
Global economic growth is below its long-run “Since we last met in April, the global economic growth is below its long-run average and remains uneven further the uncertainty around the outlook remains high and downside risks to the outlook still persist,” Sitharaman said.
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RBI’s digital rupee, KCC loan innovations displayed at G20 FMCBG event in
Updated : 2 years, 8 months ago IST
The Reserve Bank of India (RBI) has showcased its innovations -- ‘Frictionless Credit’ and ‘Central Bank Digital Currency’ -- at the innovation pavilion on the sidelines of the 3rd meeting of Finance Ministers and Central Bank Governors (FMCBG) under India’s G20 presidency here at the Mahatm
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Look forward to working with India on platform to speed its energy transit
Updated : 2 years, 8 months ago IST
In order to fast-track its energy transition, the United States (US) is working with India on an investment platform to deliver a lower cost of capital and increased private investment, US Treasury Secretary, Janet Yellen said on Monday.
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3rd G20 finance ministers meeting: “PM Modi’s US visit enhanced strength,
Updated : 2 years, 4 months ago IST
Addressing a press conference after meeting with US Treasury Secretary, Janet Yellen the Finance Minister Nirmala Sitharaman said, "I look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms
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Gujarat: RBI Governor meets Swiss National Bank’s Thomas Jordan during G20
Updated : 2 years, 8 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday met with Thomas Jordan, the Chairman of Governing Board, Swiss National Bank, during the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.
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China: Central Bank governor warns economic prudence ahead of retirement
Updated : 2 years, 8 months ago IST
People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged some crucial concerns and also offered advice in a recent article for the Journal of Economic Research.
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