Page 20 - G20 Summit

Amid concerns, OECD suggests digital register to record estate ownership

Amid concerns over investments in foreign real estate being used to "shelter undeclared assets", the OECD has suggested automatic exchange of information among countries and setting up of digitalised ownership registers accessible to designated relevant government agencies on a real-time basis. The 'Enhancing International Tax Transparency on Real Estate' report released by the Paris-based Organisation of Economic Cooperation and Development (OECD) ahead of the G20 Summit, said there have been significant increase in foreign-owned real estate assets over the past decade, and a lot of funds have been shifted from financial assets to buying foreign real assets to avoid tax compliance. "While tax administrations often only have limited visibility over the cross-border ownership of (and income from) real estate, there are indications that the proportion of real estate owned by non-residents has continued to increase in recent years... information exchanged under the CRS can also provide

G20 Summit: Air Quality in Delhi 'Good', IMD monitoring Pragati Maidan

The Indian Meteorological Department installed an additional automatic weather station near Pragati Maidan, the venue of the G20 Summit

G20 Summit commences in New Delhi today: Check full schedule, agenda

India is hosting the G20 Leaders' Summit in the national capital at the newly inaugurated Bharat Mandapam on September 9-10

India showcases Konark Wheel as PM Modi welcomes guests at G20 summit

As the guests arrived one by one at the venue on Saturday, they were greeted by PM Modi, In the backdrop was showcased the Konark Wheel from Odisha

Cong leader Chidambaram slams Centre over 'no G20 dinner invite' to Kharge

Senior Congress leader P Chidambaram on Saturday slammed the government over the Leader of the Opposition in Rajya Sabha Mallikarjun Kharge not being invited to the G20 gala dinner, saying this can happen only in countries where there is no democracy or no opposition. Chidambaram said he hopes India, that is Bharat, has not reached a stage where democracy and the opposition will cease to exist. Congress leader Rahul Gandhi on Friday said party chief and the Leader of the Opposition in Rajya Sabha Kharge has not been invited to the G20 gala dinner. He alleged that the government doesn't value the leader of 60 per cent of India's population. In a post on X, Chidambaram said, "I cannot imagine any other democratic country's government not inviting the recognised Leader of the Opposition to a state dinner for world leaders. This can happen only in countries where there is no Democracy or no Opposition." "I hope India, that is Bharat, has not reached a stage where Democracy and the ...

G20 presidency theme 'Vasudhaiva Kutumbakam' road map for development: Prez

The theme for India's G20 presidency, 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future', is a global roadmap for sustainable, inclusive and human-centric development, President Droupadi Murmu said on Saturday. The G20 summit will be held at the newly built international convention and exhibition centre, Bharat Mandapam, here over the weekend. "A warm welcome to all Heads of Delegations of the G20 nations, Guest countries, and International Organisations participating in the 18th G20 Summit in New Delhi. "India's G20 Presidency theme, 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future', is a global roadmap for sustainable, inclusive, and human-centric development. I wish the participants of G20 Summit every success in their efforts towards realising this vision," Murmu said in a post on X. In its G20 presidency, India has been focusing on various issues such as inclusive growth, digital innovation, climate resilience and equitable global health access. The G20 mem

G20: Global Biofuels Alliance to be launched to boost energy transition

India's proposal for setting up a Global Biofuels Alliance is likely to get through at the G20 summit with sources indicating that the new grouping may be launched on Saturday to help accelerate energy transition. A group photo of the G20 world leaders may take place on the first day of the summit on Saturday after it begins at Bharat Mandapam, the venue for the two-day summit, sources said. The Global Biofuels Alliance, which the world's third biggest oil consumer wants to push during its G20 presidency, mirrors the International Solar Alliance (ISA) piloted by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all. Earlier this month, Prime Minister Narendra Modi told PTI in an exclusive interview that India's proposal for a global alliance on biofuels among members of the Group of 20 major economies will help accelerate sustainable biofuels deployment in support of the global energy transition. "Such alliances are aimed at creating options

Top headlines: Modi-Biden bilateral meet ahead of G20, Adani's JV, and more

Business Standard brings you the top headlines at this hour

PM Modi enjoys a $3.8 trillion market moment as G20 leaders fly in

Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, the nation's equity benchmark is also approaching an all-time high

Weekend Bites Special Edition: G20, Modi, Biden, Xi, India, and Bharat

In which we munch over the week's platter of news and views

India all set to host G20 Summit in Delhi: Here's what's on agenda

The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations

India, US to undertake midterm review of iCET in Sept 2024: Joint statement

The iCET was announced in May 2022 to elevate and expand the strategic technology partnership and defence industrial cooperation between the governments, businesses, and academic institutions

Best of BS Opinion: Seeking cultural roots, Missing Mr Xi and more

Here is the best of Business Standard's opinion pieces for today

No clear indication to describe Ukraine crisis in G20 leaders' declaration

A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue. Multiple sources told PTI on Friday that no concrete consensus has been arrived yet on the contentious issue and that G20 Sherpas are holding hectic negotiations to find an amicable solution to the issue. Two sources said the G7 countries are not agreeable to any leaders' declaration without reference to the Ukraine conflict, adding there are other sticky issues as well. "But we are hopeful of overcoming them," said a source. The G20 operates under the principle of consensus and there have been apprehensions that the lack of a common view may result in the summit ending without a joint declaration. Both Russia and China had agreed to the two paragraphs on the Ukraine conflict in the Bali declaration last year, b

Global financial architecture outdated: UN secretary-general Guterres

Calls upon G20 nations to keep goal of 1.5 degree global temp rise alive

US Prez Biden not planning to meet Chinese Premier Li at G20 summit

The American president intends to seize on their absence to court nations that they have tried to influence

Janet Yellen to work with India to aid successful communique crafting

At the briefing, Yellen said there was significant progress made on international debt relief efforts

Xi to welcome debt-burdened leaders in China as he skips G20 Summit

Zambian President Hakainde Hichilema will visit China from Sept. 10-16, while Venezuela's Nicolás Maduro will arrive on Friday for a seven-day trip, the Foreign Ministry in Beijing said

Modi-Biden bilateral meet: 'Our friendship to play big role in global good'

Confident of global consensus on MDB, India and US leaders say after meeting

G20 Summit 2023: Delhi dressed to the nines to display the best of India

On display were various interactive immersive experiences showcasing digital India