Nirmal Tay said that similar working and partnerships for multilateral development will now be in line with the 21st century partnership.
The Union Finance Minister said in Bangalore today on Saturday that the global order has come into existence that does not care about technology boundaries or borders, regardless of any single country’s move to anonymize crypto assets.
Today, the global order is so intertwined that it would be ineffective for one country to take any action when it comes to regulating crypto assets because technology does not care about boundaries or borders.
– Mrs @nsitharaman in Bangalore. (1/n) pic.twitter.com/DqjS91KwVW
N Sitharaman Office (@nsitharamanoffc) May 6, 2023
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The assessor said that the functioning and plans of the Multilateral Development Bank (Multilateral Development Bank) will now have to be tailored to the partnership of the 21st century. Today you cannot run MDBs the way you raised resources from the market earlier. Today, money gets transferred elsewhere in a variety of ways.
Today, many developed economies are on the verge of facing recession. While India’s chances of going into recession are zero. But we cannot sit complacent as we have set a target of becoming a developed and advanced economy by 2047.
– Mrs @nsitharaman in Bangalore. pic.twitter.com/a2DQsLxmUP
N Sitharaman Office (@nsitharamanoffc) May 6, 2023
The Union Finance Minister said that today many developed economies are on the verge of recession. While the chances of India going to zero, we cannot sit complacent as the target has been set to become a developed and advanced nation by 2047.