Addressing the gathering, the Prime Minister underlined that this is the first Minister-level dialogue under India's G20 Presidency and conveyed his best wishes for a productive meeting.
Modi pointed out that it is now up to the custodians of the leading economies and monetary systems of the world to bring back stability, confidence and growth to the global economy.
The symposium, moderated by Infosys' co-founder Nandan Nilekani, saw the participation of Union Finance Minister Nirmala Sitharaman, Indonesia Finance Minister Sri Mulyani Indrawati, International Monetary Fund Managing Director Kristalina Georgieva, Brazil Central Bank Governor Roberto de O
Benchmark stock indices extended their losses from the previous session as market sentiments remain subdued over global inflation and subsequent monetary policy actions by various central banks.
Minutes of the latest monetary policy meeting of the US Federal Reserve showed some of the participants noted that the probability of the economy entering a recession in 2023 remained elevated.
The chief said in a blog on Wednesday, "So, it's fitting that Group of Twenty finance ministers and central bank governors will gather in Bengaluru this week."
The domestic equity markets on Tuesday continued with losses amid weak cues from global stocks. Indices of BSE IT, BSE Realty and BSE Financial Services also settled in the negative territory on Tuesday.
In what is a first-of-its-kind collaboration with another country, India and Singapore on Tuesday linked their respective online payments systems -- Unified Payments Interface (UPI) of India and PayNow of Singapore -- for seamless cross-border transactions between the two countries.
Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore Managing Director Ravi Menon will launch the cross-border connectivity.
"My heart goes to the people of Pakistan. They have been devastated by the floods that affected one-third of the population of the country," Georgieva said in an interview with an international broadcaster on Sunday.
Addressing a press conference, TLP Saad Hussain Rizvi warned that if the government does not withdraw the price hike, the party would do "what it is known for"- a reference to protest marches in the recent that brought the federal capital to a standstill.
Pakistan is in panic after the IMF team that came to negotiate the details left without reaching a final agreement last week. Even though Finance Minister Ishaq Dar and Prime Minister Shehbaz Sharif agreed to all the preconditions. And now Pakistan increased the petrol price which is increas