Sanjay Jog

October 13, 2023

By 2030, India could account for more than one-third of the global market for batteries for electric vehicles...

Maha Cabinet clears Pumped Storage Project policy through PPP, 18 PSP sites with potential of 27,070 mw in Sahyadri ranges earmarked

October 11, 2023

In a bid to harness the hydropower potential through public private partnership, the Maharashtra Cabinet has cleared the...

CREDAI-MCHI bats for reduction in premiums

September 28, 2023

CREDAI-MCHI has unveiled a report that exposes the profound influence of soaring real estate prices, intricately tied to...

PHOTO CREDIT Ministry of Agricultural & Farmers Welfare

Drone Technology Can Transform Agriculture by Reducing Post-Harvest Losses by Up to 50%, Report Reveals

September 22, 2023

Skye Air, in its report titled "Transforming India's Fresh Fruits and Vegetable Industry: Drone Delivery for Minimizing Wastage...

The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting which was held in Mumbai from September 14-16, 2023 concluded on Saturday in Mumbai. The three day meeting saw G20 GPFI delegates engaging over thought provoking discussions on energizing growth for MSMEs, empowering consumers through digital financial literacy and consumer protection as well as key priority areas of GPFI, namely, digital financial inclusion and SME Finance. On day one of the Meeting, a Symposium was organised involving international experts engaging around two key themes “Energizing MSMEs for Higher Economic Growth through Digital Public Infrastructure” and “Credit Guarantees and SME ecosystems”. The Symposium was addressed by Ajay Seth, Secretary (Economic Affairs), Ministry of Finance; T Rabi Sankar, Deputy Governor (RBI); Mohamed Gouled, Vice President (International Finance Corporation) and Dr Arjun Kumar Karki, Global Coordinator-LDC Watch and Former Ambassador of Nepal to USA. Secretary (Economic Affairs) highlighted that through the New Delhi Leaders Declaration, the G20 Leaders renewed their commitment to accelerate “strong, sustainable, balanced and inclusive growth” and “the full and effective implementation of the 2030 Agenda for Sustainable Development” and underscored that MSMEs will be central in fulfilling both the commitments. Through two panel discussions, eminent global panellists deliberated upon approaches to bridge the challenges faced by MSMEs through innovative measures like DPI for bridging the credit gap, promoting transparency, enhance affordability and drive innovations and productivity gains. On day two and three, the GPFI Plenary Meeting saw discussions on GPFI work regarding implementation of G20 GPFI High Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing. The discussions contributed towards the culmination of the remaining work of the on-going three year FIAP 2020 which is in its terminal year and is being implemented by the GPFI. The day three discussions were also complemented with a Symposium on “Advancing Financial Inclusion through Digital Public Infrastructure: Empowering Consumers through Digital and Financial Literacy and Consumer Protection”. The Symposium was addressed by Harsh Vardhan Shringla, Chief Coordinator (G20, India), Dr V Anantha Nageswaran (Chief Economic Advisor, Ministry of Finance, Government of India), Shri KV Shaji Kumar (Chairman, NABARD) and saw engaging discussions on building digital ecosystems which enable digitally and financially empowered individuals and enterprises. GPFI members agreed to continue working towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan.

September 16, 2023

The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting which was held in Mumbai from September 14-16,...

Adoption of DPI & digital mode to help increase financial inclusion

September 14, 2023

There are 1.4 billion people unbanked in the world, 60 countries have reasonably good payment systems and more...

G20 leaders agree to implement well calibrated macroeconomic and structural policies for Strong, Sustainable, Balanced, and Inclusive Growth

The G20 leaders amid uneven global economic growth, which is below its long run average, unanimously agreed to...

Amid escalating Russia-Ukraine war, G20 Leaders assert today’s era must not be of a war

Amid ongoing war between Russia & Ukraine, the G20 Leaders in New Delhi Declaration said ‘’Today’s era must...

G20 Leaders bat for pursuing environmentally sustainable & inclusive economic growth amid climate change challenge

Amid growing challenges of global warming and climate challenges, the G20 leaders in New Delhi Declaration on Saturday...

G20 leaders resolve to harness & preserve ocean based economy & end plastic pollution