The Group of 20 nations, representing the world's biggest economies, say they have agreed to extend the suspension of debt payments by an additional six months to support the most vulnerable countries
World Bank President David Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts
India has proposed for the development of voluntary 'G-20 Principles on Coordinated Cross-Border Movement of People' at the G-20 foreign ministers meeting in Riyadh.
But the road to a common tax code still has several hurdles
Finance Minister Nirmala Sitharaman Saturday highlighted the ongoing efforts of India to counter tax avoidance and evasion. She was speaking at the Ministerial Symposium on International Taxation on Globally Fair, Sustainable and Modern International Taxation System organised during the meeting of G-20 Finance Ministers at Fukuoka in Japan. "@nsitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion," the finance ministry tweeted. The two-day G-20 Finance Ministers and Central Bank Governors meeting beginning Saturday is likely to focus on risks and challenges being faced by the global economy, investment in infrastructure and international taxation. The deliberations would be followed by the G-20 Leaders' Summit scheduled on June 28-29 at Osaka. The meeting of the finance ministers would also deliberate on issues like increasing protectionism and its implication on global growth and trade. On the sidelines of the G-20 meet, Sitharaman also
However, they have agreed to renounce competitive devaluations in currency
Projects India's growth at 7.1% for 2017, down from previous projection of 7.5% due to note ban
Communique says monetary policy alone cannot bring balanced growth; 'Brexit,' refugee crisis added to long list of G-20 risks