Developing Countries Face Growing Risks From Financial Fragility: World Bank

Developing countries face growing risks from financial fragility created by the Covid-19 crisis and non-transparent debt, the World Bank has said in a report, urging policymakers to focus on creating healthier financial sectors. According to the World Development Report 2022: Finance for an Equitable Recovery it stated that “Risks may be hidden” because the balance […]

Public Financial Management System Workshop Concludes In Bhubaneswar

Public Financial Management System (PFMS) Division of Office of Controller General of Accounts (CGA) under Ministry of Finance organized a workshop on Public Finance Management System (PFMS) to generate awareness among the officials on the functioning and achievements of the system at Jaydev Bhawan in Bhubaneswar. Technical workshops on the Single Nodal Account (SNA) model […]

Corona’s second wave is unlikely to have a major impact on the financial system: Chief financial adviser

As the second wave of the corona is getting lethal, discussions are underway on the country’s finances. While the country’s financial system is said to be in shambles, the government’s chief financial adviser, K.V. Subramanian’s response was received. In his view, the second wave of the corona is unlikely to have much of an impact […]

“Whether or not there is a financial crisis, the country needs development”- CEA

Krishnamurthy Subramanian, Chief Economic Adviser, said on Saturday that the country now need development. “Whether or not there is a financial crisis, this is the biggest need for the country right now,” he said. “For some reason, India now wants to increase its self-reliance on the global financial system,” he said. Subramaniam’s remarks are now […]