Leaders of G-20 nations have decided against any immediate withdrawal of economic stimulus measures, strongly pushed for by India, to preserve the “fragile” global recovery, while agreeing that countries should themselves decide on the contentious financial levies.
India’s stand against any levy on banks to fund bailouts was also vindicated, with G-20 leaders agreeing that any such tax should be left to individual nations, taking into account the “circumstances and options” of each one. —PTI