Finance Minister Nirmala Sitharaman on Saturday said that inadequate access to developmental finance is hindering developing economies from achieving Sustainable Development Goals (SDGs) and underscored the urgent need to address this USD 4 trillion annual financing gap.
Addressing the third Voice of Global South Summit virtually, Sitharaman said that recent reports reveal that the implementation of many SDGs in developing economies is stagnating, with some indicators even regressing.
The SDG financing gap is estimated to be USD 4 trillion annually for developing countries, she said.
Observing that the global South is affected by global uncertainties, she said one in four developing countries will be poorer by the end of this year than they were before the pandemic as per a recent World Bank report.
"Growth thus remains insufficient to drive progress in development and poverty reduction. To accelerate progress on SDGs, there is an urgent need to address the USD 4 trillion financing

Nirmala Sitharaman, Nirmala, Finance Minister

India has grown well in terms of its overall growth rate, and at 7 per cent, it is the fastest growing major economy in the world, she said

Sitharaman, Gopinath

Kolkata rape-murder case: Protests have taken place in the state capital before - it's in the city's DNA. However, the scale of this midnight protest was larger than any in recent times

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In response to the brutal crime at R G Kar Medical College and Hospital in Kolkata, Indian Medical Association has announced a nationwide withdrawal of services by doctors for 24 hours on Aug 17

Doctors and students protest at RG Kar Medical College and Hospital in Kolkata on Wednesday 	(Photo: PTI)

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Senior Congress leader Prithviraj Chavan has demanded that the cut off time to register for the Maharashtra government's Mukhyamantri Majhi Ladki Bahin Yojana be waived off to enable all eligible women to avail financial assistance.
The August 31 cut off date should be scrapped and the scheme should be implemented as a social security right, Chavan said in a letter to Chief Minister Eknath Shinde.  Due to technical glitches, the server of the official portal is non functional most of the time, while in several instances women do not get the registration OTP for nearly six hours, he said.  Women are worried they will not be able to register themselves for the scheme in time, Chavan said in the letter.  He said the registration limit was July 15 earlier and this was extended to August 31 after he made such a demand during the monsoon session, adding the age limit was increased from 60 to 65 years following his initiative.

Chavan, Prithviraj Chavan

Union Home Minister Amit Shah on Sunday said a large number refugees were denied citizenship rights in the country due to the appeasement policy of past governments led by the Congress and its allies.
Addressing a gathering in Ahmedabad after handing over citizenship certificates to 188 Hindu refugees in Gujarat, Shah said the Citizenship (Amendment) Act (CAA) is about giving rights and justice to lakhs of refugees.
He also assured Muslims that there is no provision in the CAA to take away anyone's citizenship, as it is about granting citizenship.
The past governments allowed crores of intruders into the country and made them citizens illegally, he said.
At the same time, they denied citizenship to those who followed the law and applied for the same by saying there was no legal provision for it, Shah said.
"Because of the policy of appeasement of past governments run by the Congress and its allies, those who came to the country for refuge did not get rights and justice," the minis

Amit Shah, Home Minister, Amit

Chief Minister Siddaramaiah has convened a Congress Legislative Party (CLP) meeting on August 22 in the wake of Karnataka Governor Thaawarchand Gehlot granting permission to prosecute him in the alleged site allotment scam in the Mysuru Urban Development Authority.
According to a statement issued by the chief minister's office, the meeting will be held in Vidhana Souda conference Hall.
The meeting is related to the MUDA developments. The chief minister will brief the Congress legislators about the facts of the case and will chalk out a strategy to fight the case legally and politically, a source in the CM House told PTI.
Gehlot granted permission to prosecute Siddaramaiah, acting on complaints by three private individuals.
In the MUDA 'scam', it is alleged that compensatory sites were allotted to Siddaramaiah's wife Parvathi in an upmarket area in Mysuru, which had higher property value compared to the location of her land, which had been "acquired" by MUDA.
MUDA had allotted 14 s

Siddaramaiah,  Karnataka CM

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

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Scrap registration cut off date for Ladki Bahin scheme, says Chavan

Refugees denied citizenship rights due to appeasement policy of Cong: Shah

CM Siddaramaiah convenes CLP meet as guv gives nod to prosecute him

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Urgent need to address $4 trn financing gap to accelerate SDG progress: FM

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