Finance Minster and Governor (RBI) Attend the First Meeting of the Governing Council of the BRICS Contigent Reserve Arrangement; Governing Council Approved the Governing Council Procedural Rules and Standing Committee Procedural Rules https://www.taxtmi.com/news?id=15279 The Governing Council approved the Contingent Reserve Arrangement's Governing Council Procedural Rules and Standing Committee Procedural Rules at its first meeting, with India represented by its Finance Minister and RBI Governor as alternate. Decisions were taken by consensus. The Arrangement is intended to provide short term liquidity support and mutual financial assistance to strengthen financial stability, ensure equity and inclusiveness among signatories, and offer a backup safety net that reduces external constraints on domestic policy decisions. en-us Sat, 05 Dec 2015 16:02:41 +0530 Sat, 05 Dec 2015 16:02:41 +0530 TaxTMI RSS Generator Finance Minster and Governor (RBI) Attend the First Meeting of the Governing Council of the BRICS Contigent Reserve Arrangement; Governing Council Approved the Governing Council Procedural Rules and Standing Committee Procedural Rules https://www.taxtmi.com/news?id=15279 The Governing Council approved the Contingent Reserve Arrangement's Governing Council Procedural Rules and Standing Committee Procedural Rules at its first meeting, with India represented by its Finance Minister and RBI Governor as alternate. Decisions were taken by consensus. The Arrangement is intended to provide short term liquidity support and mutual financial assistance to strengthen financial stability, ensure equity and inclusiveness among signatories, and offer a backup safety net that reduces external constraints on domestic policy decisions. News - Sat, 05 Dec 2015 16:02:41 +0530 https://www.taxtmi.com/news?id=15279