
Russia-Ukraine War: FM Sitharaman says India's development challenged as world peace threatened
Zee News
Union Finance Minister Nirmala Sitharaman was speaking at the annual Asia Economic Dialogue organised by the Ministry of External Affairs and think-tank Pune International Centre.
New Delhi: In the aftermath of the Russian invasion of Ukraine, Union Finance Minister Nirmala Sitharaman on Friday said that never has the globe peace faced challenges of this significance since World War-II, and India's development is "challenged" by the recent events.
She said human welfare needs a conducive environment without any disruptions or disturbances to make the post-pandemic economic recovery sustainable.
"India's development is going to be challenged by the newer challenges emanating in the world. Peace is being threatened and after the Second World War, (a) war of this significance, this impact, on the globe probably is not felt," Sitharaman said.
She was speaking at the annual Asia Economic Dialogue organised by the Ministry of External Affairs and think-tank Pune International Centre.
"Hopefully, some kind of restoration of peace at the earliest will happen, based on which, recoveries can be sustainable," she added.

The new additions also comprise of rural housing, online media service provider/streaming services, value added dairy products, barley & its product, pen-drive and external hard disk, attendant, babysitter and exercise equipment. The year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January is recorded at 2.13% (Provisional).

In a major relief for customers, banks will now have to prove that a financial product actually suits you before selling it. For the first time, the RBI is making “suitability” a legal requirement. This means that before offering you insurance, mutual funds, or even credit cards, banks must assess factors like your income, age, financial understanding and risk appetite.

Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.

Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.









