UN Secretary-General Antonio Guterres aims to sustain the momentum of Multilateral Development Banks (MDB) reforms initiated during India s G20 presidency, according to N. K. Singh, Chairman of the 15th Finance Commission. Singh, after a positive interaction with Guterres and Deputy Secretary-General Amina Mohammed, highlighted Guterres commitment to advancing MDB reforms outlined in the 2 Vol. IEG Report.
India Business News: Former finance commission chiefs suggest GST rationalization, real-time data importance, and asset-creating infrastructure investments for policymaker
Former President Ram Nath Kovind emphasized the importance of creating adequate fiscal space for a nation s growth trajectory. He emphasized the need for predictability and certainty in the tax architecture, which attracts both public and private capital and improves public-private partnerships.
Renowned economist and Chairman of the fifteenth finance commission, NK Singh, emphasized the need for India to reassess its fiscal policies, particularly regarding debt management, in light of the persistent post-pandemic challenges. Speaking at the Kautilya Global Award 2023 ceremony, Singh highlighted the global trend of increasing debt levels, underscoring the importance of proactive fiscal strategies.
International Business News: The World Bank needs to reinvent, restructure, and recreate itself to harness private capital and foster multilateral cooperation. It should tap pensi