Page 17 - G20 Summit

G20 LIVE: PM Modi, Prez Murmu join G20 leaders, delegates at grand dinner

G20 Summit: India is hosting the event which is being attended by the leaders from 30 countries and the European Union. Catch all the live updates here

Defining milestone: Sunil Mittal on African Union joining G20 as member

As the African Union joined the G20 on Saturday, Sunil Mittal, Founder and Chairman of Bharti Enterprises said the day will be remembered as a "defining milestone" towards charting more inclusive compositions across international organisations and their bodies. Mittal congratulated Prime Minister Narendra Modi "for successfully leading the inclusion of the African Union as a permanent member of the G20". "My hearty congratulations to PM Narendra Modi for successfully leading the inclusion of the African Union as a permanent member of the G20. As this announcement finds its way from New Delhi to the world, I am certain that this day will be remembered as a defining milestone towards charting more inclusive compositions across international organisations and their bodies," Mittal said in a statement. Mittal added he has personally witnessed the government's "uncompromising focus" on this inclusion through his engagement as Chair of the B20 Action Council on African Economic ...

G20 Summit: Global Biofuel Alliance & other initiatives launched by India

Global Biofuel Alliance, G20 Satellite Mission for Environment and Climate Observation, and Green Credit Initiative among initiatives launched under India's G20 Summit presidency

G20 nations have unanimously adopted New Delhi Declaration: Amitabh Kant

G20 has made India ready for the world, and the world ready for India, says External Affairs Minister S Jaishankar

G20 Summit 2023: Here is what the New Delhi Leaders' Declaration states

On September 9, the G20 adopted the New Delhi Leaders Summit Declaration after Prime Minister Narendra Modi announced that consensus had been reached

India-Middle East-Europe economic corridor launched at Delhi G20 Summit

Lauding the launch of the India-Middle East-Europe connectivity corridor, Prime Minister Narendra Modi said that a historic agreement was concluded today

G20 Summit: Countries welcome Chennai principles for ocean-based economy

The countries also reaffirmed their commitment to ending illegal and unregulated fishing as well as harmful fishing methods

President Murmu, PM Modi welcome G20 leaders, delegates at grand dinner

President Droupadi Murmu and Prime Minister Narendra Modi on Saturday welcomed G20 leaders and delegates at a grand dinner hosted for them at Bharat Mandapam, the venue for the Summit, here. They welcomed the guests before the start of the dinner at a dais, with its backdrop depicting the ruins of the Nalanda University in Bihar and India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'. Nalanda university ruins, a UNESCO world heritage site in Bihar, was one of the oldest universities of the world. President Murmu is hosting the ceremonial dinner for the G20 leaders, international delegates and other dignitaries at the Bharat Mandapam. The newly built international convention and exhibition centre and its verdant lawns dazzled at night with colourful illumination while its gurgling fountains and the 'Nataraja' statue placed on front of the state-of-the-art building created a pretty picture. UN Secretary General Antonio Guterres, International

UK, India two nations with one ambition, rooted in shared values: PM Sunak

Prime Minister Narendra Modi on Saturday held a bilateral meeting with his UK counterpart Sunak on the sidelines of the G20 Summit being held in the national capital under India's presidency

Trillions needed to meet Paris climate goals: G20 under India's presidency

The G20, under India's presidency, on Saturday said that developing countries will need USD 5.9 trillion in the pre-2030 period to implement their national climate plans effectively, with the aim of holding global warming to well below 2 degrees Celsius, preferably 1.5 degrees Celsius. To achieve net-zero emissions by 2050, developing countries will require approximately USD 4 trillion annually for clean energy technologies by 2030, the bloc said. The G20 also urged developed countries to fulfil their commitment to double their collective adaptation finance provision by 2025, compared to 2019 levels. Comprising nations responsible for 85 per cent of the world's GDP and 80 per cent of emissions, the G20 emphasised the need for increased global investments to align with the goals of the Paris Agreement. They called for a substantial scaling up of investment and climate finance, transitioning from billions to trillions of dollars from all sources. The New Delhi Leaders' Declaration,

Accelerate climate action with focus on gender equality: G20 Declaration

The G20 countries have established a new working group to promote women's empowerment

Indian G20 presidency has walked the talk on MDBs, inclusion: FM Sitharaman

Expert group report on MDB reforms, IMF-FSB synthesis note on crypto to be taken up in next finance track meeting in Marrakesh

G20 New Delhi Declaration highlights: Peace, prosperity, sustainable growth

Amitabh Kant, India's Sherpa to G20, stated that the declaration focused on strong, sustainable growth, sustainable development goals, green development pacts, and multilateralism

Delhi Declaration calls for all states to uphold int'l law on Ukraine war

G20 nations welcomed all relevant and constructive initiatives for a comprehensive, just, and durable peace in Ukraine

Post-Covid global reconstruction unique opportunity: S African President

As the African Union became a permanent member of the G20 on Saturday, South African president Cyril Ramaphosa called for accelerating the transition to low carbon, climate resilient, sustainable societies. In a post on X, he also said that South Africa calls for an enhanced and expanded "Global Partnership for Sustainable Development" backed by the suggestions outlined in the Addis Ababa Action Agenda (AAAA) on Financing for Development. Ramaphosa expressed delight over the African Union becoming a member of the G20. Responding to Ramaphosa's post on X, Prime Minister Narendra Modi said, "With the African Union strengthening the G20 family, we will cement partnerships that prioritise all-round development, leading to a better planet". In a significant milestone under India's G20 presidency, the 55-member African Union on Saturday became a new permanent member of the grouping of the largest economies of the world. It is the first expansion of the influential bloc since its inceptio

EU to invest 4 bn euros in renewables sector in developing economies

Leyen said science tells us that we are about to miss our objective of limiting global warming to 1.5 degrees

MCD deploys water sprinklers to control pollution during G20 Summit

The Municipal Corporation of Delhi (MCD) on Saturday said that anti-smog guns and water sprinklers have been deployed to control pollution in the national capital, where the G20 Summit is underway. The MCD is putting main emphasis on roads around G20 summit. Municipal corporation of Delhi has deployed 20 anti-smog guns at pollution hotspots to control pollution. The anti smog guns have been deployed at sanitary landfill sites situated at Bhalaswa, Ghazipur and Okhla and pollution hotspot at Anand Vihar, an MCD official said. The two-day G20 Summit began on Saturday. The MCD said that 15 anti-smog guns have also been deployed at high-rise buildings, Civil Lines, Green Park zonal building and Tilak Nagar Colony hospital. Municipal corporation of Delhi has pressed 253 water sprinklers, which includes 30 truck mounted anti-smog guns which sprinkle roads with an average of 9-10 km of road length per day per machine which translates to approximately 2,000 km per day," the MCD official ..

G20 countries reaffirm commitment to zero toleration for corruption

The G20 grouping which met under India's leadership on Saturday in its Delhi Declaration reaffirmed its commitment to zero tolerance for corruption and called for strengthening law enforcement-related international cooperation and information sharing for combating graft. The joint Declaration also called for strengthening asset recovery mechanisms for combating corruption "We reaffirm our commitment to zero tolerance for corruption. We endorse the three G20 High-level principles on: Strengthening law enforcement related international cooperation and information sharing for combating corruption; Strengthening asset recovery mechanisms for combating corruption and promoting integrity and effectiveness of public bodies and authorities responsible for preventing and combating corruption," the Declaration said. The G20 also reaffirmed its support to enhance global efforts to seize, confiscate and return criminal proceeds to victims and states, in line with international obligations and .

G20 leaders decide on swift implementation of crypto reporting framework

The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027. The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are not used by tax evaders to conceal their unaccounted wealth. "We call for the swift implementation of the CryptoAsset Reporting Framework ("CARF") and amendments to the CRS. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions," said the G20 Leaders' declaration, which was adopted by consensus. The leaders of 20 developing and developed nations have reaffirmed the commitment to continue cooperation towards a globally fair, sustainable and modern international tax system appropriate to the needs of the 21st ...

Biden rallies G20 to boost World Bank support for low-income countries

US President Joe Biden has rallied G20 nations to agree to collectively mobilise more headroom and concessional finance to boost the World Bank's capacity to support low- and middle-income countries, the White House said on Saturday. Biden is currently in New Delhi to attend the annual G20 summit being hosted by India from September 9-10. "We are aiming for our joint contributions to deliver a one-time boost to IBRD (International Bank for Reconstruction and Development) equivalent to three times the World Bank's annual non-concessional lending volume, and to double IDA's crisis lending capacity," the White House said in a press statement. This initiative, it said, will make the World Bank a stronger institution that is able to provide resources at the scale and speed needed to tackle global challenges and address the urgent needs of the poorest countries. "In New Delhi, President Biden rallied G20 partners to agree to collectively mobilise more headroom and concessional finance to