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India has urged the Asian Development Bank (ADB) not to overlook its focus on reduction of remaining poverty while promoting sustainable growth for the member nations in the Asia Pacific region. Making intervention at the Board of Governors Business Session at the 57th Annual Meeting of ADB, India's Temporary Alternate Governor Vikas Sheel said the bank has played a critical role in facilitating measures of faster economic development, reducing poverty and promoting regional cooperation while effectively addressing the challenges and delivery of global public goods. He said ‘We note with concern that economic growth and dealing with the remaining poverty do not find a place in the enhanced focus areas of the ADB in the review of its Strategy 2030. We urge ADB not to overlook the ADB's charter mandate on growth and shared prosperity’.
He assured India's continued support to work towards accelerated inclusive and sustainable growth in Asia and the Pacific. Observing that ADB is expected to grow bigger, better and bolder in line with the New Delhi declaration of the G20, Sheel said it can thus play a much bigger role in addressing the ambitious climate agenda. He said ‘Based on the detailed recommendations made by the Independent Expert Group, appointed under India's G20 presidency, we are happy to note that ADB is proactively implementing recommendations of IEG to live up to the aspirations of being the trusted development partner of the fast-growing economies of Asia and of transforming itself into a climate bank’.
He added ADB shall have to not only continue to pursue these reform measures but would also have to assist members in catalyzing significant private sector investments, especially for climate finance in addition to concessional financing, coupled with technology transfer in line with the global challenges funding mechanism recommended by the G 20. In line with the commitment to support the smaller economies in the region, he said, India has increased its contribution to the Asian Development Fund (ADF) 14 through $58.17 million.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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