Condolences and tributes poured in from across India for renowned economist Bibek Debroy, including heartfelt messages from PM Modi, President Droupadi Murmu, and other leaders
He further said that the VGF was a financial support mechanism that was introduced to encourage Public-Private Partnerships (PPPs) in infrastructure projects
Debroy (69), who was the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), died on Friday morning
Finance Minister Sitharaman participated in the G7 African Ministerial Roundtable on Saturday (local time), the Ministry of Finance stated
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Finance Minister Nirmala Sitharaman urged greater engagement with credit rating agencies to improve rating methodologies
Responding to a question, Sitharaman said India is trying to grow at the fastest possible rate
Countries and institutions need to analyse trends in jobs creation and skills, she says
Industry welcomes move to expand the space economy to $44 billion by 2033
While participating in discussion on 'Bretton Woods Institutions at 80: Priorities for Next Decade', FM stated that no country, whether US which is far or China which is very close cannot ignore India
Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion
'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'
In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations
To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said
Sitharaman will head to Washington, DC, for the Annual Meetings of IMF and the World Bank, as well as the G20 Finance Ministers and Central Bank Governors meetings and other high-level discussions
Sitharaman stressed that despite an increasingly complex global environment, India's macro-economic fundamentals remain sound, acting as a strong foundation upon which to build future growth
Various pension funds and other institutional investors and fund managers across the US attended the Roundtable at the New York Stock Exchange
At present, the average GST rate is around 12.2 per cent, which is below the revenue-neutral rate of 15.3 per cent, spurring the need for discussions on rate rationalisation
Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024, the scheme aims to provide an opportunity to do an internship in the top 500 companies in India for 12 months
During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies