Thursday, May 30 2024 | Time 19:09 Hrs(IST)
image
India


India calls for BRICS coordination on IMF quota review

India calls for BRICS coordination on IMF quota review

New Delhi, Apr 6 (UNI) Finance Minister Nirmal Sitharaman on Tuesday emphasised the importance of policy support and enhancing international coordination in responding to the COVID-19 crisis.
Addressing the BRICS Finance Ministers and Central Bank Governors virtually, underscored the merit in engaging with private sector and exploring the innovative financing models.
Sitharaman stated that the Prime Minister’s Health Insurance Scheme using an output-based funding model has triggered a major private investment cycle in healthcare infrastructure, enabling significant expansion of healthcare services to vulnerable citizens.
She highlighted that world’s largest vaccine drive by India is under way. India has supplied 64.5 million vaccine doses to 84 countries.
The finance minister talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion.
Sitharaman also called for greater coordination among BRICS member countries on the issues of 16th general review of Quotas of IMF.
Quotas are a key determinant of the voting power in IMF decisions.
As 2021 BRICS Chair, India’s approach is focused on strengthening intra-BRICS cooperation based on Continuity, Consolidation and Consensus.
This was the first meeting of the BRICS Finance Ministers and Central Bank Governors under India Chairmanship in 2021.
They discussed financial cooperation agenda set by India for 2021 - Global Economic Outlook and Response to COVID-19 pandemic, New Development Bank (NDB) Activities, Social Infrastructure Financing and Use of Digital Technologies, Cooperation on Customs related issues, IMF reforms, Fintech for SMEs and Financial Inclusion, BRICS Rapid Information Security channel and BRICS Bond Fund.
On the BRICS priorities and agenda for 2021, the Finance Minister informed that the efforts should be made towards delivering outcomes that reflects the needs and aspirations of BRICS in particular and emerging markets and developing economies in general.
UNI SRJ

More News
AFMS, IIT Hyderabad ink MoU for collaborative research and training

AFMS, IIT Hyderabad ink MoU for collaborative research and training

30 May 2024 | 6:31 PM

New Delhi, May 30 (UNI) The Armed Forces Medical Services (AFMS) and Indian Institute of Technology (IIT) Hyderabad, have signed an agreement to collaborate on research and training.

see more..
Note that objective view is emerging in Pakistan: India on Sharif saying they violated Lahore Declaration

Note that objective view is emerging in Pakistan: India on Sharif saying they violated Lahore Declaration

30 May 2024 | 6:26 PM

New Delhi, May 30 (UNI) India on Thursday said it has noted that “an objective view based on reality is emerging in Pakistan”, in response to former Pakistan PM Nawaz Sharif admitting that Islamabad had violated the 1999 Lahore Declaration signed between him and former Prime Minister Atal Bihari Vajpayee, as a few months later then Pakistani Gen Pervez Musharraf launched the Kargil war.

see more..
Deeply concerned over heartbreaking civilians deaths in Rafah: India

Deeply concerned over heartbreaking civilians deaths in Rafah: India

30 May 2024 | 5:39 PM

New Delhi, May 30 (UNI) India on Thursday said it is deeply concerned over the “heartbreaking loss of civilian lives” in Rafah following an Israeli military strike on a camp for displaced Palestinian people three days ago.

see more..
INDIA bloc will form government, PM will be elected unanimously: Kharge

INDIA bloc will form government, PM will be elected unanimously: Kharge

30 May 2024 | 4:56 PM

New Delhi, May 30 (UNI) Congress President Mallikarjun Kharge on Thursday expressed confidence that the INDI Alliance will get electoral majority on June 4 and said the leaders of the coalition parties will then sit together and unanimously choose the Prime Minister.

see more..
Potable water use banned at construction sites & car washing centres: Atishi

Potable water use banned at construction sites & car washing centres: Atishi

30 May 2024 | 4:37 PM

New Delhi, May 30 (UNI) Delhi government on Thursday imposed a ban on usage of potable water at construction sites, car washing and repairing centres stating that these establishments will be sealed if found violating the ban.

see more..
image