Marrakech, Morocco: The G20 finance ministers and central bank governors (FMCBG) agreed to “ambitious efforts” for substantially reforming and strengthening multilateral development banks (MDBs), including increasing their lending capacity. They also adopted a road map for the regulation of crypto assets, marking significant progress on India’s G20 agenda. “…The G20 finance track saw key achievements … Read more
A G20 expert group is examining how the lending capacity of the multilateral development banks can be substantially enhanced to help developing nations meet the SDGs and eliminate poverty, N K Singh, co-convenor of the group, said on Wednesday. Singh, who is the co-convenor of the G20 Independent Expert Group, stressed that Multilateral Development Banks … Read more
India has for long grappled with the issue of reducing its fiscal deficit or the difference between the government’s total receipts and expenditures for a given financial year. While what makes for an “optimal” fiscal deficit remains a debated matter between fiscal hawks and doves, the figure has been on the downtrend for the last … Read more
NK Singh, Chairman, 15th Finance Commission Synopsis Chairman of the 15th Finance Commission NK Singh speaks to ET on the Commission’s reading of the economy and its recovery path, the need for a stimulus and GST compensation to states, ahead of publishing its final report. Chairman of the 15th Finance Commission NK Singh speaks to … Read more