Today: 27 May 2025
8 August 2023
1 min read

India, US deliberate on UPI, FedNow, and global debt

The US delegation was led by Assistant Secretary for International Finance Brent Neiman, while representatives from the Reserve Bank of India and the US Federal Reserve in Washington DC participated virtually…reports Asian Lite News

 India and the US have held wide-ranging discussions on cross-border payments issues including G20 payments roadmap, India’s United Payments Interface (UPI) platform, and the Federal Reserve’s implementation of the FedNow payments system.

The meeting was held on August 3 between senior Finance Ministry officials led by Chief Economic Adviser V. Anantha Nageswaran and the US Treasury Department representatives in New Delhi, as part of their second sub-ministerial meeting following the 9th ministerial meeting of the Indian-US Economic and Financial Partnership (EFP) held in November 2022.

The US delegation was led by Assistant Secretary for International Finance Brent Neiman, while representatives from the Reserve Bank of India and the US Federal Reserve in Washington DC participated virtually.

During the meeting, issues related to Indian and US priorities in addressing global debt challenges, joint efforts to advance the clean energy transition and mobilide climate finance, and the progress on creating innovative investment platforms to accelerate deployment of renewable energy projects, were also discussed, official sources said.

Both sides agreed to continue their collaboration and build on successful meetings that took place between Prime Minister Narendra Modi and US President Joe Biden during the former’s US visit in June this year.

ALSO READ-Innovative MSMEs leading progress in 2023

Previous Story

Dubai Chamber welcomes 30,000+ new firms in H1 2023

Next Story

Ola sees more top-level exits

Latest from -Top News

Islamabad-Ankara-Baku Axis Sharpens Against India

Both Turkey and Azerbaijan have openly expressed solidarity with Pakistan and backed Islamabad in its military standoff with India, this month….reports Asian Lite News The evolving alliance between Islamabad, Ankara, and Baku

India Targets Pak Terror Ties in Guyana

The delegation met the Guyanese President, Mohamed Irfaan Ali, who had hosted a dinner to celebrate friendship and shared aspirations between the two nations…reports Asian Lite News Congress leader Shashi Tharoor, currently

Qatar Stands With India on Terror

Khulaifi conveyed Qatar’s solidarity with India and its policy of zero tolerance against terrorism for regional stability…reports Asian Lite News Qatar’s Foreign Affairs Minister Mohamed bin Abdulaziz bin Saleh Al Khulaifi expressed

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to
Go toTop