September 3, 2021
1 min read

FM leads delegation at UK-India economic dialogue

The UK delegation included Governor of the Bank of England, the Financial Conduct Authority CEO, the Economic Secretary and other representatives from UK Treasury….reports Asian Lite News

The 11th India-United Kingdom Economic and Financial Dialogue (EFD), virtually chaired by Indian Finance Minister Nirmala Sitharaman and the UK’s Chancellor of the Exchequer Rishi Sunak, was held on Thursday.

The Indian delegation included the RBI Governor, the SEBI Chairman, the IFSCA Chairman IFSCA, the Economic Affairs Secretary and other representatives from the Ministry of Finance, as well as the Ministry of External Affairs, and the Indian High Commission in the UK.

The UK delegation included Governor of the Bank of England, the Financial Conduct Authority CEO, the Economic Secretary and other representatives from UK Treasury.

The dialogue, inter alia, covered discussions on economic cooperation on multilateral issues, including G20 and COP26.

Both sides deliberated on furthering of financial services collaboration with special emphasis on Fin-Tech and GIFT City, the annual India-UK Financial Market Dialogue, and measures underway to reform financial markets. Infrastructure development and promotion of sustainable finance and climate finance were also discussed.

Private sector initiatives under the India-UK Financial Partnership (IUKFP) and the India-UK Sustainable Finance Working Group, including its progress, were also discussed.

The Climate Finance Leadership Initiative (CFLI) India partnership, which was launched by both sides on the occasion, aims to work with financial institutions, corporates, and existing sustainable finance initiatives to accelerate efforts to mobilise capital into India.

Both sides agreed to continue to work together to mobilise finances via multilateral and private means and sharing relevant experience, including of the UK’s upcoming sovereign green bond issuance.

The 11th Economic and Financial Dialogue concluded with adoption of a Joint Statement by the Finance Minister and the Chancellor of Exchequer, and release of the Joint Statement on the CFLI India partnership.

ALSO READ: SPECIAL: Tibetans Seek Help To End Chinese Occupation

Previous Story

We are not aware of any invitation by Taliban: MEA

Next Story

India, US hold talks under shadow of Washington’s Afghanistan retreat

Latest from -Top News

India to Pakistan: The Choice Is Yours

Foreign Secretary Misri Labels Pakistan the Epicentre of Global Terrorism, Citing Repeated Offenses…reports Asian Lite News India issued a warning to Pakistan on Thursday, stating that any further escalation would be met

India Thwarts Pak Attacks, Hits Lahore Air Defence

India launches pre-dawn precision strikes on Pakistani air defence systems, with key radar installation in Lahore successfully neutralized, signalling a sharp escalation in regional military tensions…reports Asian Lite News The drones and

Mock drills held nationwide 

The nationwide mock drills are part of the government’s broader strategy to enhance civil defence capabilities and coinciding with the Pahalgam attack and India’s retaliatory action to it.   India conducted large-scale

India’s deepest strikes since 1971 

By extending its strike capabilities deep into Pakistan’s heartland, India has redrawn the contours of conventional deterrence in the subcontinent. This could embolden future Indian responses to cross-border terror attacks, but it
Go toTop

Don't Miss

Russia’s ambitious plans with partner India

The importance of connectivity initiatives, including the International North-South Transport

India IoT module market shows fastest growth

The global cellular IoT module market continued to recover despite