• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India Supports Global Financial Architecture Reforms To Boost Inclusivity: FM Sitharaman

OMMCOM NEWS by OMMCOM NEWS
July 2, 2025
in Business, Science & Tech
FM Sitharaman

Seville (Spain): India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development Bank (MDB) reforms and fairer credit rating systems, Finance Minister Nirmala Sitharaman has stressed.

MDB lending must be aligned with long-term development goals and backed by robust monitoring frameworks to ensure that funds are used as intended, she said at the third plenary meeting during the 4th International Conference on Financing for Development (FFD4) here, organised by the United Nations.

“We support international cooperation to modernise tax systems and curb illicit financial flows. India’s comprehensive tax reforms and digital transformation in tax administration have increased revenue and reduced compliance costs,” she told the gathering.

FM Sitharaman further stated that we believe that optimal regulation fosters innovation and stability.

“The Indian financial system promotes inclusivity through easier credit and lower compliance cost, especially for MSMEs. We have developed a dynamic ecosystem for start-ups and PPPs in infrastructure,” the finance minister emphasised.

India has consistently placed people at the centre of its development strategy.

“Through targeted policy interventions, we have lifted 250 million people out of multidimensional poverty, and empowered communities through inclusive Digital Public Infrastructure (DPI). However, for robust global growth, national efforts must be complemented by an enabling international environment,” she highlighted.

FM Sitharaman noted that We remain committed to South-South and Triangular Cooperation.

“We support the call for a reversal in the decline of ODA, and urge developed countries for enhancing climate finance that is predictable, accessible, and concessional – particularly for adaptation in vulnerable countries. In the spirit of India’s civilisational ethos – ‘Vasudhaiva Kutumbakam’ or ‘The World is one family’ – we must unite in our efforts to drive meaningful change that benefits all,” the finance minister added.

She met Nadia Calvino, President of the European Investment Bank Group, on the sidelines of the FFD4 meetings.

During the meeting, discussions were held on wide-ranging issues, including EIB’s expanding portfolio in India — seven metro projects and one urban rail project, diversifying in other sectors such as water and sanitation.

Recognising India’s strength in digitalisation and its role in promoting economic growth and inclusivity, FM Sitharaman and Calvino discussed the scope for partnering in third countries in this field and other areas.

Calvino looked forward to further strengthening of partnership between EIB and India.

(IANS)

Tags: FM SitharamanGlobal Financial ArchitectureIndiaMultilateral Development BankSeville
ShareTweetSendSharePinShareSend
Previous Post

Fireworks Facility Explodes In California, Triggers Massive Fire

Next Post

Indian Stock Market Opens Higher, IT Stocks Shine

Related Posts

RBI
Business

RBI Cancels Licence Of Karwar Urban Co-Operative Bank

July 23, 2025
RBI
Business

Collective Effort Of Centre, RBI Brings PSB NPAs Down To 2.58 Pc: Economist

July 23, 2025
Business

Indian Economy Largely Resilient Despite Global Uncertainties Around Tariffs: RBI

July 23, 2025
Indian stock markets
Business

Indian Stock Market Surges Amid Value Buying, Sensex Jumps 540 Points

July 23, 2025
Mumbai-Ahmedabad Bullet Train
Business

Gujarat Portion Of Mumbai-Ahmedabad Bullet Train Project To Be Completed By Dec 2027: Vaishnaw

July 23, 2025
Myntra
Business

ED Files FEMA Complaint Against Myntra For Alleged FDI Violation Worth Rs 1,654 Crore

July 23, 2025
Next Post
Indian Stock Market

Indian Stock Market Opens Higher, IT Stocks Shine

Light Rain

Three Districts Under Orange Alert: Heavy To Very Heavy Downpour Expected Today

S. Jaishankar

Jaishankar, Rubio Discuss Implementing Multifaceted Cooperation Under US-India COMPACT

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.