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Think20 summit to be organised from July 31 to August 2 in Bengaluru

Think20 summit to be organised from July 31 to August 2 in Bengaluru
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G20 expert group conveners meet US Treasury Secy Yellen

Co-conveners of the expert group on strengthening MDBs, Larry Summers and NK Singh, met US Treasury Secretary Janet Yellen to discuss reforming multilateral development banks and boosting their financial capacity. The US has not committed to increasing its financial commitment to MDBs yet. However, there appears to be some openness in Washington, as President Biden and Prime Minister Modi discussed the issue and emphasized the need for comprehensive efforts to address global challenges. The joint statement during Modi s visit also indicated the possibility of greater financial commitment by sovereign countries to support the bank s expanded mandate. | Latest News India

Young Indians without Jobs Miss out on Growing Economy

Despite world-beating growth, India s lack of jobs threatens its young

MUMBAI - On a hot summer afternoon, 23-year old Nizamudin Abdul Rahim Khan is playing cricket on a muddy, unpaved road in the Rafiq Nagar slum in India's financial capital, Mumbai. Here, there is scant evidence of India's fast-growing economy. Bordering what was once Asia's largest garbage dumping ground, Rafiq Nagar and surrounding areas are home to an estimated 800,000.

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