• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Foreign Affairs

10th Round of Ministerial UK-India Economic and Financial Dialogue

October 29, 2020
in Foreign Affairs
Reading Time: 2min read
0
10th Round of Ministerial UK-India Economic and Financial Dialogue
97
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook

In news 

Union Minister for Finance & Corporate Affairs led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD) through video conferencing

Key highlights of the dialogue

  • The Dialogue, inter alia, covered sharing of experiences on corona virus response, to enable both countries to be enriched through experiences of the other and collaboration in the G20 on finance track matters, including through G20 Framework Working Group and Debt Service Suspension Initiative (DSSI). 
  • Issues related to the international tax agenda including development of inclusive consensus based solutions on the taxation of the digital economy was discussed. 
  • Deliberations on furthering of Financial Services Collaboration with special emphasis on Fin-Tech and GIFT City, establishment of an annual India-UK Financial Market Dialogue and measures underway to reform financial markets were also discussed. 
  • Infrastructure development and promotion of Sustainable Finance were also discussed with a focus on green finance. 
  • It was also decided to establish a bilateral India- UK Sustainable Finance Forum. Private sector initiatives under India-UK Financial Partnership (IUKFP) and India-UK Sustainable Finance Working Group were welcomed. 
  • First such Economic and Financial Dialogue (EFD) was held in 2007

The partnership between India & UK

The United Kingdom has entered into a strategic partnership to develop India’s fledgling international financial services centre GIFT City, and agreed to set up a new Fund of Funds to be managed by the State Bank of India group in order to route U.K.’s future capital investments into India.

India and U.K. also signed off on a new infrastructure finance and policy partnership to help India execute its National Infrastructure Pipeline that envisages investments worth $1.4 trillion, at the tenth Economic and Financial Dialogue (EFD) between the two countries steered by U.K. Chancellor Rishi Sunak and Finance Minister Nirmala Sitharaman 

Under the infrastructure partnership, the UK will support India’s infrastructure pipeline by sharing experience, knowledge exchange and technical assistance to support India’s National Infrastructure Pipeline, including setting up a Project Preparation Support Facility-cum-Centre of Excellence for PPP Projects.

To mobilise private capital for green investment, a new U.K.-India Sustainable Finance Forum is also being established.

India-UK economic relations

  • India-UK economic ties are important as together they are two of the world’s top seven economies with a combined GDP of over $5 trillion. 
  • India-UK trade has more than doubled since the first EFD in 2007, with bilateral investment supporting over half a million jobs across both countries
Source: PIB
Tags: Prelims

Related Posts

Mission Innovation 2.0

Mission Innovation 2.0

March 5, 2021
Inclusion of Chabahar port in the INSTC route

Inclusion of Chabahar port in the INSTC route

March 5, 2021
Legislation on H1B visa

Legislation on H1B visa

March 4, 2021
Srilanka port project to be built by India, Japan

Srilanka port project to be built by India, Japan

March 3, 2021
India signs defence and trade (CECPA) agreements with Mauritius

India signs defence and trade (CECPA) agreements with Mauritius

March 2, 2021
CARES Programme of Asian Development Bank (ADB)

CARES Programme of Asian Development Bank (ADB)

March 1, 2021
Swiss neutrality

Swiss neutrality

March 1, 2021
Nirav Modi Extradition

Nirav Modi Extradition

February 26, 2021
India Pakistan ceasefire agreement

India Pakistan ceasefire agreement

February 26, 2021
International Bank for Reconstruction and Development (IBRD) brief

International Bank for Reconstruction and Development (IBRD) brief

February 24, 2021
Please login to join discussion
March 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Feb    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In