G20

India needs fewer and simpler regulations

Carpooling, increased bus use and hybrid work could cut passenger transport emissions by 408-538 million tonnes of CO2 annually and strengthen energy security by 2050

G20 nations unanimously endorsed non-binding US guidelines favouring a lighter-touch approach to AI and emerging technologies, marking a win for the Trump administration and Silicon Valley

G20 members failed to reach a joint statement after China opposed the proposal, contending with the Chair's statement.

Finance Minister Nirmala Sitharaman has met World Bank President Ajay Banga and discussed further strengthening the partnership between India and the international finance institution to deepen corporate, infrastructure and municipal bond markets. Sitharaman met Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, in Asheville, on Tuesday. The Union Finance Minister appreciated the World Bank Group's continued engagement with India and acknowledged the speedy processing of the Development Policy Financing (DPF) of USD 1.5 billion," a Finance Ministry statement said. It said Sitharaman appreciated the International Finance Corporation's (IFC) support to MSMEs through SIDBI, which was processed in record time and has had a positive impact on the MSME sector. "The two leaders discussed further strengthening the IndiaWorld Bank Group partnership, including exploring a larger role for MIGA (Multilateral Investment Guarantee Agency) in India to

US Treasury Secretary Scott Bessent is meeting with finance ministers of the world's largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran that is keeping gas prices high for consumers. As Bessent opened meetings of the Group of 20 finance ministers in Asheville on Monday, he said he wants to focus on ways to grow the global economy and rein in mounting debt. But the event comes after hostilities renewed between the US and Iran, and as trade friction with Canada spiked following a breakdown in negotiations that led to escalating tariffs. Bessent told The Associated Press in an interview on Sunday that he plans to turn up pressure on Iran by sanctioning another bank, part of what he is calling "Operation Economic Outcast." He said the administration is prepared to exact "financial violence if we have to." Asked by reporters Monday how long it would take for the Iranian ..

The US will host the G20 Foreign Ministers' meeting in Atlanta on October 30-31, with discussions expected to focus on global economic challenges, resilient supply chains and strengthening international cooperation. The meeting, to be chaired by US Secretary of State Marco Rubio, will bring together foreign ministers from the world's leading economies to advance the G20'scoremission of promoting global stability and prosperity, the State Department said on Monday. "Discussions will focus on strengthening international cooperation, addressing global economic challenges, and supporting open markets and resilient supply chains," spokesperson Tommy Pigott said in a statement. Atlanta, the capital of Georgia, as a centre of diplomacy, business, and global connectivity, provides an ideal setting for these critical discussions, he said. President Donald Trump will host the G20 Leaders' Summit from December 14-15, at Trump National Doral in Miami, Florida, as the United States marks its 25

According to Rubio, the 'New G20' will focus on three core themes--removing regulatory burdens, unlocking affordable and secure energy supply chains, and pioneering technologies

The US has said it will steer the G20 back to its "core mission" of driving economic growth and prosperity by prioritising regulatory reform, energy security and technological innovation during its year-long presidency of the grouping. America assumed the G20 presidency on December 1. The State Department in a statement on Monday said under President Donald Trump's leadership, the US will "return the G20 to focusing on its core mission of driving economic growth and prosperity to produce results". As we usher in these much-needed reforms, we will prioritise three core themes: unleashing economic prosperity by limiting regulatory burdens, unlocking affordable and secure energy supply chains, and pioneering new technologies and innovations, it said. The US will host the G20 Leaders' Summit in Miami, Florida, in 2026, coinciding with the country's 250th anniversary year. America took over the presidency from South Africa, but Trump did not attend the Johannesburg Summit held last mon

With US President Donald Trump announcing that he is barring South Africa from participating in next year's G20 summit in Miami, the Congress on Friday said Prime Minister Narendra Modi is the "self-proclaimed champion" of both Africa and the Global South and asked whether he will take up South Africa's cause with his "good friend". Trump said Wednesday that he is barring South Africa from participating in the Group of 20 summit next year in Miami and will "stop all payments and subsidies" to the country over its treatment of a US government representative at this year's global meeting. Reacting to the development, Congress general secretary in-charge communications Jairam Ramesh said South Africa has been in the G20 from the very beginning simply because it is the largest economy measured by size of GDP in the African continent. "It is not there because the US is doing it some favour. It was very much present at the very first G20 Summit held in Washington DC that was chaired by ..

President Donald Trump said Wednesday that he is barring South Africa from participating in the Group of 20 summit next year in Miami and will "stop all payments and subsidies" to the country over its treatment of a US government representative at this year's global meeting. Trump chose not to have an American delegation attend the recent summit hosted by South Africa, saying he did so because white Afrikaners were being violently persecuted -- a claim that South Africa, which was mired for decades in racial apartheid, has rejected as baseless.

Prime Minister Narendra Modi on Monday returned to India after a three-day visit to South Africa for the G20 and IBSA meetings. At the G20 Leaders Summit, Modi called for a global compact to prevent misuse of artificial intelligence and made a strong pitch for critical technologies to be human-centric, instead of finance-centric. At the India-Brazil-South Africa leaders meeting, the prime minister said the reform of the UN Security Council was no longer an option, but a necessity and asserted that the troika should send a clear message for changes to institutions of global governance. "The successful Johannesburg G20 will contribute to a prosperous and sustainable planet," Modi said in a post on X on Sunday. "My meetings and interactions with world leaders were very fruitful and will deepen India's bilateral linkages with various nations. I'd like to thank the wonderful people of South Africa, President Ramaphosa and the Government of South Africa for organising the Summit," Modi .

G20 leaders have committed to engaging constructively to address concerns regarding global minimum tax and tax challenges arising from digitalisation of the economy, while preserving the tax sovereignty of all countries. In a declaration issued after the G20 Summit in South Africa, leaders of 20 developing and developed nations also called for a new OECD framework that will enable interested jurisdictions to strengthen international tax transparency on immovable property on a voluntary basis. "We will continue engaging constructively to address concerns regarding Pillar Two global minimum taxes, with the shared goal of finding a balanced and practical solution that is acceptable for all as soon as possible," said the G20 Summit declaration. The Organisation for Economic Cooperation and Development (OECD)'s pillar 2 initiative sets a minimum tax rate of 15 per cent for every country that is signatory to it. There are concerns that the US domestic tax rules might conflict with this ne

Marred by the US boycott, the Summit saw leaders focusing on tech, rare-earth minerals shortage and climate change

Prime Minister Narendra Modi met Canadian counterpart Mark Carney here on Sunday and they agreed to unlock the potential for deeper cooperation in defence and space sectors, besides advancing ties in areas such as trade, investment, technology and energy. "Had a very productive meeting with Prime Minister Mark Carney of Canada," Modi said in a social media post after the meeting on the sidelines of the G20 Summit here. This was the second meeting between the two leaders. They earlier met in June on the margins of the G7 summit at Kananaskis in Canada. "We appreciated the significant momentum in our bilateral ties since our earlier meeting held during the G7 Summit hosted by Canada. We agreed to further advance our relations in the coming months, particularly in trade, investment, technology and innovation, energy and education," Modi said. He said that India and Canada have great potential in strengthening trade and investment linkages. "We have set a target of 50 billion USD by 20

It is unfortunate that the US did not participate in the G20 in Johannesburg this weekend because important matters relating to world trade were discussed, South Africa's Minister of Trade, Industry and Competition Parks Tau said on Sunday. Tau, asked whether the US would lose out by not attending and reduce its influence on global trade, said this needed to be judged in the context of what the outcomes of the G20 have been. It's been an important discussion around global trade, issues around the World Trade Organisation (WTO), discussion around industrialisation, financing for development, around debt. All those issues are important for the entire world and it is quite unfortunate that their (the US) voice was not coming across at these meetings, Tau said in a media briefing. The minister said discussions with the US around trade would continue. G20 is a separate process. Of course, I can't pretend that it does not reflect on the issues that have been discussed, but so far it hasn

G20 nations have underscored the need for enhancing the representation and voice of developing countries in decision making in Multilateral Development Banks (MDBs) like the World Bank and IMF and other international economic and financial institutions. "In that context, we welcome the creation of a 25th chair at the IMF Executive Board to enhance the voice and representation of Sub-Saharan Africa," as per the leaders' declaration during the G20 South Africa Summit held in Johannesburg. G20 leaders reaffirm the critical role of MDBs in driving poverty reduction, economic growth, and development across client countries. "We welcome the inaugural Progress Implementation Report on the G20 MDB Roadmap by the Heads of MDBs Group. We further acknowledge the Capital Adequacy Framework's (CAF) potential to help MDBs more efficiently utilise existing resources, share more risk with the private sector and utilise new instruments to increase lending capacity over the next decade and recognise

Earlier on October 29, PM Modi had spoken to PM Takaichi and congratulated her on assuming office. He discussed the shared vision of advancing the partnership between the two countries

The framework seeks to ensure that mineral-producing countries, particularly in the Global South, derive maximum benefit from their resources, moving beyond mere raw material exports

Pointing to the rising frequency and impact of natural disasters worldwide, he described them as a major challenge for humanity