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Finance Minister Nirmala Sitharaman reviews implementation of budget announcements Union Finance minister Nirmala Sitharaman on Tuesday chaired a review meeting on the status of implementation of various budget announcements. During the meeting, which was attended by Economic Affairs Secretary Ajay Seth, secretary in the department of investment and public asset management Tuhin Kanta Pandey, banking secretary Vivek Joshi and corporate affairs secretary Manoj Govil, the finance minister ensured that all proposals should be implemented in a time bound manner. "Bes...
Finance Minister Nirmala Sitharaman reviews implementation of budget announcements
Finance Minister Nirmala Sitharaman reviews implementation of budget announcements
Source: IANS
4/07/2023 6:10:11 PM
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth Economic Affairs Secretary Ajay Seth said Indian financial system is well protected and regulated despite the daunting global financial situation. However, he said there are a set of indicators which provide early warning indicators so that the stresses are noticed well in time to take the corrective measures.  Asked if the spillover of the failure of Silicon Valley Bank and Signature Bank and liquidity pressure faced by Credit Suisse was discussed, Seth said, it was not specifically ...
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth
Indian financial system well protected, regulated despite daunting global financial situation: Ajay Seth
Source: Accord Fintech
9/05/2023 11:49:05 AM
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, under the G20's Indian Presidency, is scheduled to take place in Bengaluru between February 24-25. The meeting is aimed at fostering a meaningful exchange of ideas among ministers and Governors to address some of the key global economic issues. Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das will jointly chair the meeting, official sources said. The G20 FMCBG m...
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru
Inaugural G20 Finance Ministers, Central Bank Governors meeting in Bengaluru
Source: IANS
19/02/2023 5:34:53 PM
Know the architects of Union Budget As the day for the presentation of Union Budget 2023-24 nears, Finance Minister Nirmala Sitharaman and her team of officials are burning the midnight oil to unveil the nation's record of income and expenses on February 1. IANS takes a look at the nine individuals who are the brains behind the annual exercise. * Nirmala Sitharaman, Finance Minister Nirmala Sitharaman will be presenting her fourth Union Budget on February 1. She has helmed the Finance Ministry during the two tumult...
Know the architects of Union Budget
Know the architects of Union Budget
Source: IANS
17/01/2023 10:28:35 AM
G20 Finance, Central Bank deputies meet discusses coordination on pandemic prevention preparedness The ongoing G20 Finance and Central Bank deputies meeting on Wednesday discussed strengthening coordination arrangements between Finance and Health Ministries for pandemic prevention preparedness. The two-day meeting, which had begun in Bengaluru on Tuesday, was coordinated by India's Economic Affairs Secretary Ajay Seth and RBI Deputy Governor Michael Patra. Addressing media persons in Bengaluru, Seth informed that the agenda was designed, keeping in mind India's G20 presidency...
G20 Finance, Central Bank deputies meet discusses coordination on pandemic prevention preparedness
G20 Finance, Central Bank deputies meet discusses coordination on pandemic prevention preparedness
Source: IANS
15/12/2022 10:45:19 AM
G20 wants to build policy consensus on crypto assets The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds the G20 presidency, is hosting the group's first meeting of finance and central bank deputies on Dec. 13-15 in Bengaluru. The implications of crypto assets for the economy, monetary policy and the banking sector should be studied to inform this consensus, ...
G20 wants to build policy consensus on crypto assets
G20 wants to build policy consensus on crypto assets
Source: Reuters
15/12/2022 9:33:12 AM
Deliberations held on global economic outlook at inaugural meeting of Finance, central bank deputies Discussions pertaining to global economic outlook and risks as well as policy responses to tackle emerging global challenges, were held on the first day of the inaugural Finance & Central Bank Deputies meeting under India's G20 presidency in Bengaluru on Tuesday. G20 members spoke on immediate challenges of global inflation, food and energy security as well as climate change, official sources said. Economic Affairs Secretary Ajay Seth and RBI Deputy Governor Michael Patra highli...
Deliberations held on global economic outlook at inaugural meeting of Finance, central bank deputies
Deliberations held on global economic outlook at inaugural meeting of Finance, central bank deputies
Source: IANS
14/12/2022 9:46:53 AM
3-day G20 finance meeting begins in Bengaluru The first G20 Finance and Central Bank Deputies (FCBD) meeting with an aim of forging a common path on global priorities through the theme of "Vasudhaiva Kutumbakam" (world is one family), kicked off in Bengaluru on Tuesday. The three-day meeting which marks the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Union Ministry of Finance and the Reserve Bank of India (RBI). The G20 Finance Track, led by Finance Minis...
3-day G20 finance meeting begins in Bengaluru
3-day G20 finance meeting begins in Bengaluru
Source: IANS
13/12/2022 11:42:13 AM
First finance and central bank deputies meeting to begin in Bengaluru today With over 180 delegates from all over the world, the first Finance & Central Bank Deputies meeting under India's G20 presidency will commence in Bengaluru on Tuesday. Issues related to global economy, international financial architecture, infrastructure and sustainable finance would be taken up during the meeting. Deliberations will continue till December 15, official sources said. It is being jointly hosted by the finance ministry and the RBI. The meeting will be co-chair...
First finance and central bank deputies meeting to begin in Bengaluru today
First finance and central bank deputies meeting to begin in Bengaluru today
Source: IANS
13/12/2022 10:01:01 AM
First G20 meeting of finance & central bank deputies on December 13 in Bengaluru The first meeting of the Finance and Central Bank Deputies under the G20 presidency of India will be held between December 13 and 15 in Bengaluru. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 presidency, will be hosted jointly by the finance ministry and the RBI. The meeting will be co-chaired by economic affairs secretary Ajay Seth and RBI deputy governor Michael Patra. Their counterparts from G20 member countries and from s...
First G20 meeting of finance & central bank deputies on December 13 in Bengaluru
First G20 meeting of finance & central bank deputies on December 13 in Bengaluru
Source: IANS
11/12/2022 2:32:40 PM
India proposes dovetailing climate action with sustainable development at first meeting of G20 Sherpas India has proposed dovetailing climate action with sustainable development at the first meeting of the G20 Sherpas, making a clear bid to bring issues facing the emerging economies and the global south in sharp focus on the world stage. The discussions focussed on technological transformation in the digital economy, health and education, green development and India's Lifestyle for Environment (LiFE) initiative. India's G20 Sherpa Amitabh Kant made a strong pitch for working togethe...
India proposes dovetailing climate action with sustainable development at first meeting of G20 Sherpas
India proposes dovetailing climate action with sustainable development at first meeting of G20 Sherpas
Source: Accord Fintech
6/12/2022 10:15:17 AM
Finance Ministry officials hold negotiations with G20 troika members Economic Affairs Secretary Ajay Seth on Thursday interacted with G20 Troika Members Indonesia and Brazil as well as co-chairs of G20 working groups, to finalise a roadmap on holding consultations on G20 Finance Track for 2023. India has assumed presidency of G20 Thursday onwards. G20 Finance Track discusses global economic and financial issues through meetings of finance ministers and Central Bank Governors, their deputies and various working group level meetings. The work areas incl...
Finance Ministry officials hold negotiations with G20 troika members
Finance Ministry officials hold negotiations with G20 troika members
Source: IANS
2/12/2022 9:36:05 AM
Economy doing well, can reach $5 trillion target by 2025-26: Officials India would be able to achieve the target of becoming a $5 trillion dollar economy by 2025-2026 despite the prevailing global headwinds, top officials told a Parliamentary panel on finance on Monday. The officials further said that even as the geopolitical situation is highly volatile due to the Russia-Ukraine war, Indian economy is doing well and at the current growth rate of 6.4 per cent, it would be able to become a $5 trillion dollar economy by 2025-26, sources privy to developments sa...
Economy doing well, can reach $5 trillion target by 2025-26: Officials
Economy doing well, can reach $5 trillion target by 2025-26: Officials
Source: IANS
22/11/2022 10:58:08 AM
Opportunities galore to invest in green energy: Economic Affairs Secretary There are huge opportunities to scale-up investments in India's key priority areas including green energy and urban infrastructure, Economic Affairs Secretary Ajay Seth said on Monday. Addressing a joint workshop on "Enhancing MDBs' engagement with India's public and private sector", organised by Department of Economic Affairs, multilateral development banks (MDBs), the Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB) and International Fund for ...
Opportunities galore to invest in green energy: Economic Affairs Secretary
Opportunities galore to invest in green energy: Economic Affairs Secretary
Source: IANS
22/11/2022 9:47:32 AM
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment  Finance Minister Nirmala Sitharaman on Friday said that the India-US relations have developed into a global strategic partnership through 50+ bilateral dialogue mechanisms, and their cooperation is broad-based and multi-sectoral. "The strength of the India-US relationship lies in mutual understanding of each one's necessities and respecting the differences," she said while addressing the India US Business and Economic Opportunities Session Event on the sidelines of the ...
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment
Source: IANS
12/11/2022 10:06:51 AM
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy  The Financial Stability and Development Council (FSDC) on Thursday noted that there is a need to monitor financial sector risks, fiscal conditions, and market developments on a continuous basis by the government and the regulators, so that appropriate action can be taken to mitigate any vulnerability and strengthen financial stability. The FSDC meeting in Mumbai, chaired by Finance Minister Nirmala Sitharaman, also discussed early warning indicators for the economy and the government...
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy
FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy
Source: IANS
16/09/2022 9:19:49 AM
Bond yields edges higher on Friday Bond yields edged higher on Friday with Economic Affairs Secretary Ajay Seth’s statement that the measures taken by Reserve Bank of India (RBI) will increase inflows of overseas funds and help in strengthening the rupee against the US dollar. In the global market, U.S. Treasury yields rose on Thursday as investors waited on key jobs data due on Friday for clues about the strength of the economy as the Federal Reserve hikes interest rates in a bid to tackle inflation. Furthermore, Oil...
Bond yields edges higher on Friday
Bond yields edges higher on Friday
Source: Accord Fintech
8/07/2022 3:10:34 PM
Measures by RBI to increase inflows of overseas funds: Economic Affairs Secretary Praising the Reserve Bank of India’s (RBI’s) recent measures, Economic Affairs Secretary Ajay Seth has said the measures will increase inflows of overseas funds and help in strengthening the rupee against the US dollar. RBI on Wednesday raised the overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows. He said RBI measures, including on External Commercial Bor...
Measures by RBI to increase inflows of overseas funds: Economic Affairs Secretary
Measures by RBI to increase inflows of overseas funds: Economic Affairs Secretary
Source: Accord Fintech
8/07/2022 9:29:42 AM