Skip to content
Search

Latest Stories

Sitharaman, Yellen discuss stronger India-US economic and financial partnership

The Indian Finance Minister also emphasised the importance of coordinated global action to address debt vulnerability in low and middle-income countries

Sitharaman, Yellen discuss stronger India-US economic and financial partnership

Indian Finance Minister Nirmala Sitharaman on Tuesday (11) met with US Treasury Secretary Janet Yellen on the sidelines of the World Bank and IMF Spring Meetings 2023 in Washington.

The two leaders discussed strengthening the India-US economic and financial partnership and increasing engagements at bilateral and multilateral forums.


“Union Finance Minister Smt. @nsitharaman met with the United States Treasury Secretary Ms.@SecYellen on the sidelines of the @WorldBank and IMF #SpringMeetings 2023, in Washington today,” tweeted the ministry of finance.

Taking the discussions ahead from their last meeting in November 22 during the Economic Financial Dialogue (EFD), in India, the two leaders discussed strengthening the India-US economic and financial partnership and increasing engagements at bilateral and multilateral forums.

“Wide-ranging conversation between finance minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen on deepening bilateral economic partnership and engagement in multilateral fora,” tweeted Taranjit Singh Sandhu, Indian Ambassador to the US.

Sitharaman, who is leading a high-powered delegation, appreciated the multi-faceted India-US partnership and called for further cooperation in addressing global economic challenges, including climate change. She also highlighted the role of G20, Quad, and IPEF in fostering this partnership.

“FM Smt. @nsitharaman appreciated the multi-faceted India-US partnership and called for further cooperation in addressing global economic challenges, including #ClimateChange. FM highlighted the role of #G20, QUAD and IPEF in fostering this partnership,” tweeted the ministry of finance.

Sitharaman also emphasised the importance of coordinated global action to address debt vulnerability in low and middle-income countries, besides the need for financial support to help developing economies achieve their climate goals.

Yellen applauded India for focusing on advancing the evolution of the multilateral development bank during its G-20 presidency. She said the US was looking forward to continuing its close cooperation with India to help make India’s G20 presidency a success.

“I want to commend your presidency for its focus on advancing the evolution of the multilateral development banks. As you know, this initiative is a priority of mine and will be a major focus of our conversations this week,” she said.

Yellen said the G-20 can bring strong political momentum to bear to make sure that the multilateral development banks accelerate their work on 21st-century global challenges as part of their effort to end extreme poverty and expand shared prosperity.

She also said that having the right leadership at the World Bank is critical in furthering the progress that they have made.

The Finance Minister also met with the US ex-commerce secretary Penny Pritzker and discussed the digital public infrastructure, providing accessibility for all, including startups, besides supporting the growth of fintech.

(ANI)

More For You

Southport stabbings: Terrorism watchdog rejects definition change

FILE PHOTO: Riot police hold back protesters near a burning police vehicle in Southport, England (Photo: Christopher Furlong/Getty Images)

Getty Images

Southport stabbings: Terrorism watchdog rejects definition change

TERRORISM watchdog has rejected calls to redefine terrorism following last summer's tragic Southport murders, while recommending a new offence to tackle those intent on mass killings without clear ideological motives.

Jonathan Hall KC, the Independent Reviewer of Terrorism Legislation, published his highly anticipated report on Thursday (13), concluding that the existing definition of terrorism should remain unchanged despite growing concerns about violent attackers with unclear motives.

Keep ReadingShow less
Commonwealth wreath-laying ceremony held in London

A military piper, choir, and the Sikh soldiers of the British Army took part in the ceremony.

Commonwealth wreath-laying ceremony held in London

A WREATH-LAYING ceremony was held at the Memorial Gates on Constitution Hill in London on 10 March to honour Commonwealth servicemen and women who fought in the First and Second World Wars.

Lord Boateng, chairman of the Memorial Gates Council, led the event, highlighting the importance of remembering those who served.

Keep ReadingShow less
Student visas

The ongoing negotiations focus specifically on business mobility, addressing only the relevant business visas

iStock

Student visas excluded from UK-India FTA talks, says government

THE government last week clarified that only temporary business mobility visas are part of the India-UK Free Trade Agreement (FTA) negotiations.

Other types of visas, such as student visas, will not be included in the trade deal, it was revealed during a debate in the House of Lords.

Keep ReadingShow less
India Detains Crypto Administrator Wanted by US for Laundering

Aleksej Besciokov, was charged with money laundering and accused of violating sanctions and operating an unlicensed money-transmitting business, according to the US Justice Department. (Photo: US Secret Service)

India arrests crypto administrator wanted by US for money laundering

INDIAN authorities have arrested a cryptocurrency exchange administrator at the request of the United States on charges of money laundering conspiracy and sanctions violations, the Central Bureau of Investigation (CBI) said on Wednesday.

The arrest follows a joint operation by the United States, Germany, and Finland, which dismantled the online infrastructure of Russian cryptocurrency exchange Garantex.

Keep ReadingShow less
Starmer-Getty

Starmer said that the change would free up funds for doctors, nurses, and frontline services while reducing red tape to accelerate improvements in the health system. (Photo: Getty Images)

Starmer scraps NHS England, brings health service under ministerial control

PRIME MINISTER Keir Starmer has abolished NHS England, bringing the health service under direct ministerial control.

The decision reverses a key reform introduced by former health secretary Andrew Lansley during the Conservative-Liberal Democrat coalition, The Guardian reported.

Keep ReadingShow less