She said women are being given gas cylinders at a discounted rate than global prices. “Govt of India gives them a subsidy of Rs 200/cylinder, so they don't bear the burden of int'l price fluctuations," she said.

David Solomon said that if governments can help people participate in economic activity around the world, the world is better and life is better for everyone.

Finance Minister Nirmala Sitharaman and Reserve Bank Governor Shaktikanta Das jointly chaired the 2nd meeting of G20 Finance Ministers and Central Bank Governors under the G20 India Presidency in Washington DC. The meeting saw the participation of around 350 delegates from G20 members, 13 invitee countries, and various international and regional organisations.

FMs and governors recognised the urgency to address debt vulnerabilities, including strengthening multilateral coordination toward addressing increasing debt distress in low-income and vulnerable middle-income countries. G20 members appreciated India's Presidency's focus on the important agenda around reforming and strengthening Multilateral Development Banks to address global challenges of the 21st century, including economic development and climate finance.

During the meeting, FM said: "Discussion of climate finance is moving in a positive direction, not just the current flow but also the quantum required for meeting climate challenges. Private financing, transitional costs and technological requirements are also being looked into."

“When we're talking about crypto & DPI, cross-border payment issues also get subsumed,” said the FM, adding that the cross-border payments issue has the strength of being a very important instrument to be a good buy-in from all the G20 countries.

Members also discussed the key challenges to the global economic outlook, including the war in Ukraine, food and energy insecurity, climate change, and recent risks to financial stability.

Central Bank Governors

Modi govt focussed on ‘women-led’ development rather than ‘women-centric’: FM