Ø The Indian government on Thursday said competitive devaluation of
currency is a major threat to the stability of the global economy. The
statement was made in the release announcing Finance Minister Arun Jaitley’s
departure to Ankara in Turkey for a meeting of G-20 Finance Ministers and
central bank governors. The recent devaluation of major currencies followed by
currency depreciations in a large number of Asian emerging markets raises the
risk of competitive devaluations. Competitive currency devaluations, at a time
when global demand is sluggish, is a major threat to stability in the global
economy. The two-day meeting will take stock of the global economic situation
and the yuan devaluation is expected to dominate the agenda.
Ø New Delhi and Abu Dhabi on Thursday discussed steps to check
radicalisation and deal with terror threats from transnational organisations,
even as they conferred on how to enhance bilateral trade and investment at the
11th India-UAE Joint Commission Meeting. External Affairs Minister Sushma
Swaraj, who co-chaired the meeting with her UAE counterpart Sheikh Al-Nahyan,
said India and the UAE had emerged as strong voices against terrorism. “We
should work together for the early adoption of India’s proposed Comprehensive
Convention on International Terrorism (CCIT) at the United Nations,” she said
in a statement.
No comments:
Post a Comment