Working to boost India’s energy transition: Yellen
GANDHINAGAR: While referring to India as one of America’s “closest partners”, treasury secretary Janet Yellen on Monday said that the US is working with India on an investment platform to lower the cost of capital and step up private investment in the country’s energy transition.
The statement, which came after a bilateral meeting with finance minister Nirmala Sitharaman, also suggested a common position with India on reforming multilateral development banks (MDBs) as well as a global tax deal. The 2021 deal saw over a hundred countries agree to a minimum tax of 15% on large firms with a global footprint.
