Banking Reforms

Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.

The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.

US top diplomat Antony Blinken on Wednesday said Mahmud Abbas was committed to reforming the Palestinian Authority to potentially reunite war-torn Gaza and the occupied West Bank under its leadership.

An independent group of experts that was commissioned by the Indian G20 presidency has released the second volume of its report on strengthening multilateral development banks (MDBs), and recommended several steps and a roadmap to reform MDBs.

NDTV explains: In the New Delhi G20 Declaration is a commitment by global leaders to "pursue reforms for better, bigger and more effective MDBs". What are MDBs, or multilateral development banks?

US President Joe Biden rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank's capacity to support low- and middle-income countries, the White House said on Saturday.

Climate change, economic cooperation and multilateral development bank reform will be high on the agenda when Prime Minister Narendra Modi and US President Joe Biden hold a bilateral meeting in New Delhi on the sidelines of the G20 summit.

U.S. President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the G20 leaders summit in India, the White House said on Tuesday.

US President Joe Biden will urge reforms to the International Monetary Fund (IMF) and the World Bank that will better serve developing country needs at the G20 summit in Delhi next month, the White House said Tuesday.

RBI said India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the mid-term.

India's potential growth could benefit from accelerated implementation of an already ambitious reform agenda, the World Bank said in a report.

Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.

India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters.

Making a strong case for structural reforms, the Reserve Bank on Friday said they are essential for sustained, balanced and inclusive growth, and also to deal with the after-effects of the pandemic.

The World Bank's Board of Executive Directors has approved USD 195 million loan for Pakistan in order to improve electricity distribution and implement energy sector reforms to increase service quality for consumers.

Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.

The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.

US top diplomat Antony Blinken on Wednesday said Mahmud Abbas was committed to reforming the Palestinian Authority to potentially reunite war-torn Gaza and the occupied West Bank under its leadership.

An independent group of experts that was commissioned by the Indian G20 presidency has released the second volume of its report on strengthening multilateral development banks (MDBs), and recommended several steps and a roadmap to reform MDBs.

NDTV explains: In the New Delhi G20 Declaration is a commitment by global leaders to "pursue reforms for better, bigger and more effective MDBs". What are MDBs, or multilateral development banks?

US President Joe Biden rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank's capacity to support low- and middle-income countries, the White House said on Saturday.

Climate change, economic cooperation and multilateral development bank reform will be high on the agenda when Prime Minister Narendra Modi and US President Joe Biden hold a bilateral meeting in New Delhi on the sidelines of the G20 summit.

U.S. President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the G20 leaders summit in India, the White House said on Tuesday.

US President Joe Biden will urge reforms to the International Monetary Fund (IMF) and the World Bank that will better serve developing country needs at the G20 summit in Delhi next month, the White House said Tuesday.

RBI said India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the mid-term.

India's potential growth could benefit from accelerated implementation of an already ambitious reform agenda, the World Bank said in a report.

Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.

India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters.

Making a strong case for structural reforms, the Reserve Bank on Friday said they are essential for sustained, balanced and inclusive growth, and also to deal with the after-effects of the pandemic.

The World Bank's Board of Executive Directors has approved USD 195 million loan for Pakistan in order to improve electricity distribution and implement energy sector reforms to increase service quality for consumers.