India, as G20 President, was aiming for a communique, which is a stronger statement of intent
Following the outbreak of COVID-19, many countries were pushed into debt distress. There have been small steps on debt restructuring side
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Finance Minister Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on multilateral coordination for managing the burden
It is feared that if left unaddressed, the mounting debt vulnerabilities of developing nations could trigger global recession and push millions to extreme poverty
Union Finance Minister Nirmala Sitharaman on Thursday met her Japanese counterpart Shunichi Suzuki, ahead of the first G20 Finance Ministers and Central Bank Governors meeting
They leaders discussed their perspectives on strengthening multilateral development banks, global debt vulnerabilities, crypto assets and health
She emphasised the country's belief that the recommendations of the expert panel on the MDB's capital adequacy frameworks can significantly unlock development financing
Nirmala Sitharaman met ADB President Masatsugu Asakawa and acknowledged the swift response and support provided by the institution to all its developing member countries
India's retail inflation reversed its downward trend in January at 6.52 per cent and once again breached the central bank's upper tolerance limit
Both finance minister Nirmala Sitharaman and finance secretary Vivek Joshi said that if any state is expecting that the funds deposited for NPS can be returned to them then it is impossible
The wholesale price-based inflation declined to a 2-year low of 4.73 per cent in January on easing prices of manufactured items, fuel and power, even though food articles turned expensive
In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year
The govt has introduced a new system called "file and forget," which is part of its ongoing revamp of the statutory filing website, MCA21
Appellate tribunal will improve business environment
Nirmala Sitharaman said the GST Council adopted the report of the Group of Ministers on GST Appellate Tribunal with certain modifications
Finance Minister Nirmala Sitharaman said on Saturday that the entire GST compensation cess for June 2022 totalling Rs 16,982 crore will be cleared.
Headed by Union Finance Minister, the Goods and Services Tax (GST) Council comprises finance ministers of states and UTs (with legislature)
"Recommended MCD mayor elections to be held on 22 Feb," Kejriwal said in a tweet earlier in the day. Stay tuned for latest updates
He also wrote about his apprehensions that inequality of wealth which is pervading the country today will also enter the GST regime