Yellen, who is visiting India for the first time as US Treasury Secretary, at the Microsoft India Development Centre, said that the pandemic and Russia-Ukraine war are reasons to further deepen the economic ties between both nations.
"The bond will provide funds for infrastructure in Vadodara. A written case study will also be published sharing lessons learned from Vadodara's bond issuance that will benefit other Indian cities issuing their own municipal bonds in the future," the US embassy said in a statement.
New York [US], October 12 (ANI): Fifty-four developing economies accounting for more than half of the world's poorest people need urgent debt relief as a result of cascading global crises, according to the United Nations Development Programme (UNDP).
Mumbai (Maharashtra)[India], October 10 (ANI): The Rupee on Monday dropped to a fresh record low against the US dollar, with an increased sell-off resulting from the good US jobs report which hints at more aggressive hikes from US Federal Reserve. The local currency declined 37 paise, to a record low of 82.67 versus the greenback.
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
Mumbai (Maharashtra) [India], August 26 (ANI): A top US Treasury official has reaffirmed the deep economic ties between the United States and India and highlighted opportunities for working together to address shared global challenges like high and volatile energy prices.
New Delhi [India], August 24 (ANI): US Treasury Deputy Secretary Wally Adeyemo is set to start his three-day visit to India on Wednesday during which talks will be held on economic and security issues between the two countries.
Washington [US], August 20 (ANI): US Treasury Deputy Secretary Wally Adeyemo is set to visit India from August 24-26 to underscore bilateral economic and security ties, the Treasury Department said on Friday.
Washington [US], February 26 (ANI): US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Friday (local time) sanctioned Russian President Vladimir Putin, Foreign Minister Sergei Lavrov, and members of Russia's Security Council in response to Russia's "unjustified, unprovoked and premediated" invasion of Ukraine.
Washington [US], February 25 (ANI): US Department of the Treasury's Office of Foreign Assets Control (OFAC) is sanctioning 24 Belarusian individuals and entities "due to Belarus's support for, and facilitation of, the invasion" of Ukraine by Russian.