NK Singh, chairman of the 15th Finance Commission, highlighted the prejudice and bias affecting India's credit rating, calling for a reassessment by credit rating agencies. During a session on climate financing at the Confederation of Indian Industry’s Annual Business Summit 2024, Singh emphasized India's strong debt repayment history. He also outlined the need for $5 trillion in climate financing, with contributions from multilateral development banks, private capital, and domestic resources. Singh stressed the necessity for reforms in the global financial architecture to meet climate financing challenges.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.