Finacial trade and customs organizations

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G20 Meeting

Syllabus subtopic: Important International Institutions, agencies and fora - their Structure, Mandate. Prelims and Mains focus: about G20, steps taken by India to deepen corporate bond market and attract foreign portfolio investment (FPI) News: The Finance Ministers and Central Bank Governors’ meeting is being held in Riyadh under Saudi Arabia’s G20 presidency for the first time. Highlights of the meeting Finance Minister of India called f

24 February, 2020
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G-7 (Group of Seven) bloc

Syllabus subtopic: Important International Institutions, agencies and fora - their Structure, Mandate. Prelims and Mains focus: about the COVID-19 outbreak; about G-7 and its working News: The Group of Seven (G-7) finance chiefs said they’re ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what specific measures they would put into place. About G-7 (Group of Seven) The G7, original

04 March, 2020
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G20 pledges $5 trillion to defend global economy against COVID-19

G20 pledges $5 trillion to defend global economy against COVID-19 Part of: GS Prelims and GS-II- IO In a show of crisis unity, leaders commit to implement and fund all health measures needed to stop the virus's spread. Leaders of the Group of 20 major economies pledged to inject $5 trillion in fiscal spending into the global economy to blunt the economic impact of the coronavirus and "do whatever it takes to overcome the pandemic". Showing more unity than at

26 March, 2020
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COVID-19 - G20 VIRTUAL SUBMIT

India unravels monetary policy measures-G-20 virtual meeting Part of: GS-II- International organisation –G20 (PT-MAINS-PERSONALITY TEST) India stressed the role of Finance Ministers and Central Bank Governors of G20 countries in safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner in the backdrop of Covid-19 pandemic. In her intervention at the virtual session of the Second G20 Finance Ministers and Central Bank Governor

17 April, 2020
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Time for EU fiscal stimulus

Time for EU fiscal stimulus Context Germany’s highest court ruled last week that the European Central Bank (ECB) exceeded its mandate in pursuing Quantitative Easing (QE) to rescue the eurozone from the sovereign debt crisis. The verdict is the culmination of fresh hearings that commenced in the country last year to apply the 2018 European Court of Justice decision to uphold the controversial programme. Quantitative Easing QE refers to the unconventional monetary tool of p

12 May, 2020
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Seven to eleven: On India and G-7

Seven to eleven: On India and G-7 Introduction Dismissing the current configuration of the “Group of Seven” or G-7 of the world’s most developed nations as “outdated”, U.S. President Donald Trump announced over the weekend that he would like to expand it to a G-11, by adding India, Russia, South Korea and Australia. He followed that up with invitations to their leaders, including Prime Minister Modi, to attend the G-7 summit in the U.S. later this year.

04 June, 2020
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Government of India & AIIB sign an Agreement for $750 Million for COVID-19 support for India

Government of India & AIIB sign an Agreement for $750 Million for COVID-19 support for India The Government of India and the Asian Infrastructure Investment Bank (AIIB) here today signed a $750 million “COVID-19 Active Response and Expenditure Support Programme” to assist India to strengthen its response to the adverse impacts of the COVID-19 pandemic on poor and vulnerable households. This is the first ever budgetary support programme from the AIIB to India. AIIB’s