Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine
This comes as India's southern neighbour deals with its worst-ever economic crisis.
FM Nirmala Sitharaman has urged the Indian diaspora to become partners in growth of the country during the next 25 years as it attains 100 years of independence.
"India wants to be friends with the European Union and the Western, free, liberal world, but not as a weak friend that needs desperate help here and there," Sitharaman said
Sitharaman during a meeting with World Bank Group prez David Malpass, said India remains concerned about the risks to global recovery due to rising uncertainty amidst enhanced geopolitical tensions
Boeing Defense CEO Ted Colbert mentioned that Boeing is expanding its India operations and is committed to the vision of Aatmanirbhar Bharat
"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."
The Finance Minister said she voiced her concern that countries like India which have potential for floating its agricultural produce, particularly cereals, have faced difficulties with the WTO
India has not condemned the invasion outrightly -- and abstained on two votes in the UN Security Council -- but it has made clear its disapproval of it
India will hold the Presidency of the G20 from December 1, 2022 to November 30, 2023, culminating with the G20 Summit in India in 2023
Finance Minister Nirmala Sitharaman on Thursday said it was necessary to address the challenges of conflict and violence to achieve the role of ending extreme poverty and boosting shared prosperity.
FM Nirmala Sitharaman has reaffirmed India's commitment to fighting money laundering and terrorist financing as she appreciated the role of FATF global network in safeguarding the financial system.
FedEx President and CEO-elect Raj Subramaniam, during the meeting with the Finance Minister, mentioned that he is positive about India and has significant expansion plans, including in skilling
The meeting was held on Wednesday under the presidency of Indonesia. Its agenda included global economic outlook and risk, international financial architecture and global health.
The meeting agenda included global economic outlook and risk, international financial architecture and global health
Live news updates: Speech comes after communal clashes near a mosque in Delhi locality.
Under the Indonesia presidency, the Union Finance Minister at G20 said that it is well placed to catalyse international policy coordination to deal with macroeconomic consequences
The finance minister's Washington announcement signals an acceleration of the government's plans but there are many basic questions to address still
This is also needed to build resilience to future shocks: Sitharaman
The the G20 Emerging Market Economies meeting was organised by the IMF on the sidelines of the upcoming G20 Finance Ministers and Central Bank Governors meeting