Nirmala Sitharaman leads Indian delegation at G20 Finance Ministers and Central Bank Governors in Washington

In Washington DC, Union Finance Minister Nirmala Sitharaman led the Indian delegation at G20 Finance Ministers and Central Bank Governors as well as the BRICS Finance Ministers and Central Bank Governors meetings on the side-lines of the IMF/World Bank Annual ..

Siddharth Tiwari appointed as new Chief Representative for Asia and Pacific by Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) has appointed Siddharth Tiwari as the Chief Representative for Asia and the Pacific. He succeeded Eli Remolona. At BIS, he will work to strengthen the connection between BIS and the central banks in the ..

India signs $300 million agreement with World Bank for Energy Efficiency Scale-Up Program

The Government of India (GoI) and the World Bank signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. The program will be implemented by the Energy Efficiency Services Limited (EESL). ..

Government Enters into Agreement with World Bank on Biotech

The Government of India (GoI) has entered into a legal agreement with the World Bank for a flexible financing arrangement to accelerate research towards early development for biopharmaceuticals. A Statement issued by the government said the mission has been approved ..

Month: Current Affairs - April, 2018

Financial Stability Board

After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically ..

Subhash Chandra Garg represents India in first meeting of BRICS Finance Ministers and Central Bank Governors

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th April, 2018. The Government of India (GoI) was represented in the meeting ..

Month: Current Affairs - April, 2018

Financial Sector Assessment Program

The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth analysis of a country’s financial sector. It is a joint program of the International Monetary Fund and the World Bank It is a key instrument of ..

Argentina hosts first G20 meeting of Finance Ministers and Central Bank Governors of 2018

The first G20 meeting of finance ministers and central bank governors was held at the Center of Exhibitions and Conventions (CEC) in Buenos Aires, Argentina on March 19-20, 2018 with the presence of 57 delegations from countries and institutions. The ..