FM Expects G-20 Will Play Major Role in Recovery of Global Financial Crisis


Busan, South Korea,,
Finance Minister, Shri Pranab Mukherjee had a fruitful and positive bilateral meeting with Mr. Il Sakong, Chairman of the Presidential Committee for G-20 Meeting today in Busan, South Korea on the sidelines of the G-20 Finance Ministers Meeting being held here from 3rd June to 5th June. Both the leaders emphasized that focus of G-20 Meet on all round compressive development will continue despite debt crisis and other financial problems being faced by various developed economies.

The Finance Minister also said that India is not in favour of posing any tax on banks rather it is in favour of regulatory mechanism as being followed by Indian banks. Both the leaders hoped that crisis in Europe will be discussed in the G-20 Finance Ministers meet and that comprehensive package being prepared will be sufficient to contain any further extension of damage. They also said that the G-20 will be able to play a major role in recovery of various countries’ financial crisis and it will reflect change in balance of power. This is all the more relevant as various advanced and developed economies have failed to resolve their financial problems on their own.

Finance Minister, Shri Mukherjee is scheduled to attend four nations BRICK meeting today later in the evening before participating in the G-20 Finance Ministers Meeting.


  1. After I initially commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get four emails with the identical comment. Is there any manner you can remove me from that service? Thanks!

  2. Thanks for this post. I most definately agree with what you are saying. I have been talking about this subject a lot lately with my father so possibly will this will get him to see my point of view. Fingers crossed!

  3. I’m impressed, I must say. Really rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.

  4. Im simply getting started down this highway, the adventure is going to be lengthy, but my goal is 2 years to have a whole time earnings online and to find a way spend more time with my family instead of going for a nine to five job..

  5. I just sent this post to a bunch of my friends as I agree with most of what you’re saying here and the way you’ve presented it is awesome.

  6. It’s strange to find out how many sites the internet has on this subject! I don’t know if I’ll ever have to come back here, but it’s great to know I stumbled upon the one that has some helpful information if this should come up for me another time.

  7. I just cant stop reading this. Its so awesome, so full of details that I just didnt know. Im glad to determine that folks are basically writing about this issue in a real smart way, showing us all distinct sides to it. Youre a fantastic blogger. Please continue to keep it up. I cant wait to understand whats subsequent.

  8. Advantageously, the article is really the best on this worthy topic. I harmonize with your conclusions and will eagerly look forward to your next Lithuanian translations updates. Just saying thanks will not just be adequate, for the extraordinary lucidity in your writing. I will at once grab your rss feed to stay abreast of any updates. Good work and much success in your business enterprise!

  9. Nice I found your blog post, lots of interesting stuffs out here. The information part of it was fine, and you have done bit of research thing, good job! Hope to read more posts in future. Try engaging new things. Keep the good work going.


Please enter your comment!
Please enter your name here