Tuesday, April 16, 2024
Latest News
WhatsApp introduces 'Recent Online Contacts' feature: What is this and how to use it NASA's plan to bring Mars samples to Earth undergoes revision due to budget cuts Election Commission Of India: 48.76cr Drugs, 19.27cr Liquor Seized From Mar 1 To Apr 13 | Guwahati News China’s GDP growth beat expectations – so why are analysts and business groups still downbeat? US, Chinese defence chiefs talk for first time in more than two years Samsung has good news for Galaxy S22 users: OneUI 6.1 update to bring latest Galaxy AI features and more Copenhagen’s Old Stock Exchange Building Partly Collapses in Fire Former UK leader Liz Truss backs Trump and blames others for her ouster after 49 days Biden under fire for shutting down US oil production, urged to impose sanctions on Venezuela Possession Of Ganja: Two Youths Held For Possession Of Ganja, Luxury Car Seized | Coimbatore News CBDT signs record number of 125 Advance Pricing Agreements in fiscal 2023-24 Gay cruising hotspot or sacred Hong Kong wishing tree? It is both in this art exhibition by Trevor Yeung SCMP Best Bets: Beast can scare off rivals at Happy Valley | HK Racing Justice Thomas returns to Supreme Court after 1-day absence 404 | Fox News 'I can feel Begunia residents' support for Congress, my family' | Bhubaneswar News Rumoured couple Sonakshi Sinha and Zaheer Iqbal's relationship decoded by body language expert China’s top diplomat Wang Yi to push belt and road during visits to Indonesia, Cambodia and Papua New Guinea Luck finally eludes Shreyas Iyer! KKR skipper loses toss against RR despite kissing coin before flipping | Cricket News Electric vehicles: China’s Chery Automobile enters UK’s car rental business as its Omoda EVs are leased out by Octopus A London court rules against a Muslim girl who wanted to pray at a school known for strict rules UP: RPF cop saves man from coming under train at Prayagraj railway station | Allahabad News India's unemployment rate to decline by 97 basis points by 2028: ORF report 'Rishabh Pant deserves to be...': Ricky Ponting makes a big statement on wicketkeeper-batter | Cricket News Sony PS5 Pro leaked specs confirmed: This is what to expect from the next PlayStation 5 launching soon Inside the Manhattan Courtroom Where Trump Is on Trial Law firm accidentally divorced wrong couple after 'clicking wrong button' Opinion | Israel-Iran showdown puts the whole world in uncharted territory Waterborne Diseases: Waterborne Diseases On The Rise | Ahmedabad News IMF keeps China’s 2024 GDP growth estimate unchanged on ‘troubled property sector’
HomeBusinessYellen: Working to boost India’s energy transition: Yellen

Yellen: Working to boost India’s energy transition: Yellen



GANDHINAGAR: While referring to India as one of America’s “closest partners”, treasury secretary Janet Yellen on Monday said that the US is working with India on an investment platform to lower the cost of capital and step up private investment in the country’s energy transition.
The statement, which came after a bilateral meeting with finance minister Nirmala Sitharaman, also suggested a common position with India on reforming multilateral development banks (MDBs) as well as a global tax deal. The 2021 deal saw over a hundred countries agree to a minimum tax of 15% on large firms with a global footprint.
“Today, our discussions highlight the commitment of India and the United States to actively further the G20 agenda. These include: Addressing critical global issues such as strengthening MDBs and taking coordinated climate action, facilitating consensus to intractable issues associated with rising indebtedness of lowand middle-income countries; and, harnessing opportunities presented by cryptoassets and digital public infrastructure for financial inclusion,” the FM said. India has identified some of these issues as its priorities for a decision by the time leaders from the G20 nations’ meet in Delhi in September.
The global economic growth outlook remains uncertain with downside risks, FM said at G20 meet. “Since we last met in April, the global economy is below its long-run average, and remains uneven,” Sitharaman said. The FM is chairing the meet along with RBI governor Shaktikanta Das. “The uncertainty around the outlook remains high, and downside risks still persist, including those related to geo-economic fragmentation. What we need are coordinated international efforts to navigate this challenging period,” she said.
Lauding India’s efforts to reform MDBs , Yellen said, “It is vital that we use meetings like this to strengthen our coalition of shareholders that are working together to press for more ambition and specific reforms with respect to the MDBs’ vision, incentive structures, operational approaches, and financial capacity to better address global challenges. ”
She added, MDBs could unlock $200 billion over the next decade just from the measures already being implemented or under deliberation as part of this process.

window.TimesApps = window.TimesApps || {}; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) { var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) { loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); } else { var JarvisUrl="https://jarvis.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config){ if (config) { loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); } }) } }; })( window, document, 'script', );



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Latest News