India got most of what it wanted at G20 summit

April 2nd, 2009 - 11:21 pm ICT by IANS  

Manmohan Singh London, April 2 (IANS) The following are the key points of the declaration issued by G20 leaders here Thursday that suggest India, represented by Prime Minister Manmohan Singh, got most of what it wanted from the crucial summit:
* New Financial Stability Board with India among the members to provide early warning of financial risks

* Extend regulation and oversight to all financial institutions, markets and instruments, including the hedge funds

* Action against non-cooperative tax havens that refuse to share information

* Bring an end to banking secrecy

* Improve and set high-quality global accounting standards for companies

* Extend $1.1 trillion to multilateral lending institutions to restore flow of credit

* Resist protectionism and promote global trade

* Refrain from raising new barriers to investment or trade in goods and services

* Ensure availability of at least $250 billion for export credit

* Commitment to speedily conclude the current round of global trade talks

* Reaffirm commitment to millennium development goals of the UN

* Commitment to build fair, family-friendly labour markets

* Necessary action to restore normal flow of credit through the financial system

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