MONEY MATTERS

Pranab Mukherjee, Finance Minister of India is to leave for the U.S. on September 21st to address the 8th Annual India Investment Forum meeting in New York. He is going to present India to the top U.S. corporates, as an attractive destination to invest money. India needs over $1 trillion for its infrastructure development. The Finance Ministers of Brazil, Russia, India, China and South Africa are to meet to explore the manner in which this group can coordinate in addressing the evolving economic and financial situations in various countries of the world. Mr. Mukherjee will be handed over the presidency of G-24 by South African Minister Pravin J. Gordhan. For the first time ever there is to be a meeting between the joint International Monetary and Finance Committee and World Economic Forum consisting of 24 Ministers and 24 CEOs. The Finance Ministers and Development Ministers meeting is to discuss on development agenda, including infrastructure and food security, and development financing which will include a report by Bill Gates Foundation on development financing and World Bank’s report on climate financing.

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