G20

Secure supply chains, resilience key for global economy: Jaishankar at G20

External Affairs Minister S Jaishankar on Saturday said securing supply chains and ensuring their resilience was central to the well-being of the global economy. Addressing the concluding plenary of the G20 Foreign Ministers' Meeting in Atlanta, Jaishankar said diversification and de-risking, including in connectivity, are key to supply chain resilience, threatened by pandemics, conflicts, climate events and mishaps. "The right to industrialise must be promoted; predatory practices and targeting competition should be firmly resisted," the minister said in a post on X, sharing the broad issues he raised at the G20 meeting convened by US Secretary of State Marco Rubio. The minister said de-concentration of the global economy and optimisation of production across geographies can discourage the weaponisation of finance, resources, production and market share. "The G20 should work towards de-politicisation of markets," Jaishankar said. The minister said G20 countries must reconcile the

G20 foreign ministers end Atlanta meeting without consensus on key issue

Top diplomats from the Group of 20 largest world economies wrapped up two days of talks on Saturday without reaching consensus on several critical global security issues after divisions, notably over Russia's war with Ukraine, visibly overshadowed the start of the Atlanta meeting and impacted its outcome, too. As a result, the group did not release a joint communique but relied on a chairman's statement summarising the talks that Secretary of State Marco Rubio released after the meetings closed. That statement made no mention of any agreements reached. Rather, it referred to a list of priorities, from energy and food security to freedom of navigation, that G20 members determined were important to solve. "I wouldn't pretend to you today that we are close to finding universally accepted solutions to these problems," Rubio told reporters at a news conference marking the end of the meetings. "But," he said, "I do think that among the G-20 represented here are countries that are working

US Secretary of State Rubio hosts Quad meet, wraps up G20 gathering

Rubio hosted a final plenary session with ​foreign ministers from the Group of 20 major economies during a two-day summit in Atlanta

Germany slams US move to bring Russia back to global stage, backs Ukraine

German Vice Chancellor Lars Klingbeil said talks with Moscow must not come at Ukraine's expense or bypass President Volodymyr Zelenskyy, amid Donald Trump's efforts to ease sanctions on Russia

G20 discusses curbing excess capacity, dumping hurting fair trade: Goyal

G20 trade ministers have discussed preventing large production capacities, created with government support in some geographies, from hurting manufacturing in countries that follow fair trade practices, including India, the US and Europe, Commerce and Industry Minister Piyush Goyal has said. Replying to questions from the Indian diaspora in Chicago about the G20 trade ministers meeting, which concluded late evening on Friday in Milwaukee, Goyal said the members also discussed the future of several elements of the World Trade Organisation (WTO), which is currently under severe stress, including the fact that many countries are using predatory pricing as they have overcapacity, and are dumping goods, much to the detriment of honest and fair trade. Replying to questions from the Indian diaspora in Chicago about the G20 trade ministers meeting, which concluded late evening on Friday in Milwaukee, Goyal said the members also discussed the future of several elements of the World Trade ...

Distinguish food weaponisation from security measures: Goyal at G20 meet

Commerce Minister Piyush Goyal has asserted the need to clearly distinguish between the weaponisation of food supply chains and legitimate measures adopted by countries to address food security requirements. Addressing the G20 Trade Ministers' meeting in Milwaukee, about 1,200 kms from here, Goyal said the shared objective must be to ensure that food remains a source of security, stability and cooperation. "Also, underlined that we must clearly distinguish between the weaponisation of food supply chains and legitimate measures adopted by countries to pursue domestic policy objectives and address food-security needs," Goyal said in a post on X. The minister was speaking at a session on 'Weaponisation of Food through Coercive Trade Action' at the G20 Trade Ministers' Meet on Wednesday. Earlier, US Trade Representative (USTR) Jamieson Greer said the US, during its G20 Presidency, has focused over the course of the year on four work streams -- the weaponisation of food, structural exce

Piyush Goyal to visit US for G20 meet, hold talks on interim trade deal

The G20 Trade Ministerial is scheduled in Milwaukee (Wisconsin) for Wednesday and Thursday. Goyal will also visit Chicago and New York.

Rules for growth

India needs fewer and simpler regulations

G20 can save $90 bn annually on oil costs through travel shifts: CEEW

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

US secures G20 support for light-touch rules on AI, emerging tech

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

India backs US on global imbalances, but China blocks G20 consensus

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

Sitharaman meets World Bank chief Ajay Banga, discuss deepening cooperation

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 huddles with G20 to try to rally allies on Iran as tariffs strain ties

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 ..

US to host G20 foreign ministers' meeting in Atlanta on October 30-31

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

US unveils 'New G20' for 2026 summit, adds Poland, excludes South Africa

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

US vows to refocus G20 on driving growth, prosperity under its presidency

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

Will PM Modi take up South Africa's cause with 'good friend' Trump: Cong

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 ..

Trump bars South Africa from participating in 2026 G20 summit in Miami

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.

PM Modi returns after 3-day visit to South Africa for G20 summit

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 pledges constructive talks on global minimum tax, digital levy issues

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