The country today celebrating DUSHERA festival. The effigy of Ravana will burnt in many parts of the country in evening and also abroad.///PM inaugurates three key projects in Gujarat// G. Kishan Reddy takes part in 59th Raising Day of the ITBP//J&K all set to fulfil Prime Minister Narendra Modi’s vision//President and Vice President greets nation on The Eve of Dussehra///
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Smt. Nirmala Sitharaman attends

Smt. Nirmala Sitharaman attends Meeting of the International Monetary and Financial Committee



NEW DELHI. Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC), theMinisterial-level committee of the International Monetary Fund (IMF)through video-conference.

The discussions at the meeting were based on IMF Managing Director’s Global Policy Agenda titled “Catalyzing a Resilient Recovery”. The members of the IMFC updated the committee on the actions and measures taken by member countries to combat COVID-19 and its adverse impacts.

Smt. Sitharaman, in her intervention at the meeting, briefly outlined the measures under the AtmaNirbhar BharatPackage to foster a quick and more robust economic recoveryin India. She mentioned that the V-shaped pattern of recovery is being seen in several high-frequency indicatorsincluding, manufacturing PMI that reached the highest level in last eight years in the month of September 2020, presenting a strong recovery prospect for the manufacturing sector. To stimulate consumer spending, measures worth $10 billion have been announced recently.

The Finance Minister also complimented IMF’s Managing Director Ms. Kristalina Georgieva and the IMF for providing wise counsel to the economies across the globe and felt that IMF’s assertion that a premature withdrawal of policy support could trigger liquidity shortfalls and insolvencies, is relevant.
(UPDATED ON OCTOBER 15TH, 2020)
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