China, Russia object to common statement issued by the FMCBG condemning Russia’s invasion of Ukraine. China says meeting not right forum to discuss geopolitical issues.
She emphasised the need for strengthening global financial safety net, including reviewing IMF's quota resources, which are critical for ensuring predictability of its firepower.
Finance Minister Nirmala Sitharaman says progress made on various issues like regulation of crypto assets, restructuring of debt & taxation frameworks, but these are 'possible takeaways'.
Russia hit back, accusing West of turning work on G20 agenda into “farce” and said Western delegations wanted to shift responsibility for their economic failures onto Moscow.
By David Lawder and Aftab Ahmed BENGALURU (Reuters) - U.S. Treasury Secretary Janet Yellen accused Russian officials attending a G20 finance leaders meeting of being "complicit" in atrocities in
Liu Kun, China's finance minister, said international financial institutions & commercial creditors should follow the principle of 'joint action, fair burden' in debt settlements.
International Monetary Fund has forecast global GDP growth for 2023 at 2.9%, up from a 2.7% forecast in October, but still well below the 3.4% achieved in 2022.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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