India offers 5G technologies to world, Sitharaman says participating in high-profile meetings in US.

Finance Minister Nirmala Sitharaman said that India is ready to share the recently launched 5G, which is completely indigenous though some parts of it must have come from South Korea with the world. She said we can share this technology with all the countries that would like to take it, participating in a discussion with students at the Johns Hopkins School of Advanced International Studies (SAIS). Launched in select cities of the country, by 2024, all cities in India are expected to have 5G technology.

Sitharaman is on an official visit to the United States to attend the annual meetings of the International Monetary Fund (IMF), the World Bank, and the G20 Finance Ministers and Central Bank Governor’s meetings. The official visit of the Union Minister for Finance & Corporate Affairs acquires much significance, as she is participating in a number of high-profile meetings.

These annual meetings are taking place as the world grapples with the challenges of the pandemic, the Russia-Ukraine conflict, and a global food and energy crisis. These compounding crises are threatening livelihoods and taking a toll on the most vulnerable. There is a profound urgency for policymakers, international organizations, and the private sector to take decisive and coordinated action to build resilience in this era of volatility.

The meetings meant to discuss burning global challenges are also expected to come out with the ways how the International Monetary Fund and World Bank Group are going to support countries addressing multiple crises. Global economic thinkers also discuss how they can ensure the prioritization of shared development goals for a resilient recovery.

In another global development, the prices of crude oil continue to fluctuate in the international market. In the last few days. Currently, crude oil is trending near 95 dollars per barrel. However, the public sector oil marketing companies have not made any change in the price of petrol and diesel in the domestic market.

According to the Indian Oil website, petrol in Delhi stood at Rs 96.72 per liter and diesel at Rs 89.62 on Friday. Petrol in Mumbai costs Rs 106.31 per liter and diesel Rs 94.27 per liter. Petrol in Kolkata is priced at Rs 106.03 per liter and diesel at Rs 92.76 per liter, while in Chennai, petrol is being sold at Rs 102.63 per liter and diesel at Rs 94.24 per liter.

It is noteworthy that the price of crude oil continues to fluctuate in the international market. During trading, Brent crude is trading at $ 94.45 per barrel, while US West Texas Intermediate (WTI) crude is trading at $ 89.05 per barrel. Despite this, there has been no change in the price of petrol and diesel in the domestic market since the last 146th day.
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