Page 38 - G20 Summit

G20 FMCBG meeting: Members find common ground on economy and crypto

Ukraine, international law remain sticking points

India to push G20 to raise share of taxes on firms for 'excess profit'

More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals

G20 FMs deliberate on risks to global economy, steps to promote green tech

Finance ministers of G20 nations on Monday deliberated on global economy and risks, as well as policy measures for promoting green and low carbon technologies on the opening day of the ministerial conference. The meeting of the G20 finance ministers and central bank governors in the first session deliberated on issues pertaining to global economic outlook, economic risks, and key policy responses to support recovery, the Finance Ministry said in a tweet. International Monetary Fund (IMF) Managing Director Kristalina Georgieva last week in a blog said that the IMF forecast for global growth over the medium term is around 3 per cent -- well below the historical average of 3.8 per cent during 2000-19. She also flagged that economic fragmentation will both undermine growth and make it harder to tackle pressing global challenges, from rising sovereign debt crises to the existential threat of climate change. The G20 finance ministers meeting in the second session deliberated on sustainab

Financial Stability Board seeks measures to regulate cryptoassets

Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said

G20 FMCBG: Sitharaman for attracting pvt investment to develop urban infra

Debt relief framework: China a stumbling block

Ignore geopolitics

To make India's G20 presidency a success, leaders must narrow their focus

From jets to limos, Gandhinagar finds a new place on the world map

Gandhinagar, which is the official city for the finance track, has borrowed forces from the neighbouring districts of Bhuj and Ahmedabad

Substantial progress on Preamble, gender equality: G20 Sherpa Amitabh Kant

Our talks are progressing well. Our priorities and envisaged outcomes have been appreciated by developing countries and developed ones alike: Kant

Developmental goals central at 3rd G20 Sherpa meet under India's presidency

India's G20 presidency intends to preserve the grouping's identity and ethos as a forum for growth that brings together developed and emerging economies on a common platform. This is stated in an official statement released on Sunday at the end of a three-day Sherpas' meeting that was chaired by India's G20 Sherpa Amitabh Kant in the historic city of Hampi. The deliberations at the meeting focused on a draft communique that is set to take the shape of the leaders' joint declaration to be adopted at the G20 Summit on September 9 and 10 in New Delhi. The draft text covers the six priorities including the Sustainable Development Goals (SDGs), green development, reform of multilateral development banks (MDBs), digital public infrastructure and gender equality, and incorporates the outcomes from the various working groups. The G20 members engaged in hard negotiations with the aim to foster transformative, action-oriented initiatives, that is holistic and imbibes the spirit of one world

ESG issues discussed a lot at G20 forums, says Union Minister Meghwal

Union Law and Justice Minister Arjun Ram Meghwal on Saturday said that Environmental, Social and Governance (ESG) issues are discussed a lot at the G20 forums and elements like ESG will decide the country's future road map. He was speaking at the two-day summit on the theme 'Unlocking Sustainability: G20 Presidency Paves the Way for an ESG-driven New World Order' here. ESG is being discussed in G20 a lot. While Azadi ka Amrit Mahotsav marks the country's 75 years of journey of independence, elements like ESG will decide the roadmap of the country's future after another 25 years, in 2047, the minister was quoted as saying in a release issued by the institute. "If we carefully consider our own ancient culture, then it has always promoted sustainability practices in subtle ways through rituals and festivals," he said. The institute's President Vijender Sharma said it is providing a diploma in cost accounting for farmers. "We have especially helped the Indian Army to help the officers

G20: FMs and Central Bank Governors meeting to be held in Gandhinagar

Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Dr Shaktikanta Das will jointly chair a meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) to be held on July 17-18 in Gandhinagar where 66 delegations will be in attendance, officials said on Thursday. The meeting, where a range of issues related to global economy and international financial architecture will come up for discussion, will be preceded by a conclave of G20 Finance and Central Bank Deputies (FCBDs) in the Gujarat capital from July 14 to 15. These meetings are being held under India's presidency of Group of Twenty or G20, an influential bloc that comprises 19 countries and the European Union. Union Finance and Corporate Affairs Minister Sitharaman and RBI Governor Das will jointly chair the third G20 Finance Ministers and Central Bank Governors (FMCBGs) meeting. The 3rd meeting will mark the culmination of the work on many of the key deliverables from the G20 Finance

Delhi floods: Shanties inundated, evacuated people stare at bleak future

In March, her home was demolished in an anti-encroachment drive and now, her shanty on the bank of a swollen Yamuna is underwater. "Everything is lost again," says Beena Devi, who has been moved to a relief camp along with her family from a slum in the Rajghat area here. Some utensils, essentials and quilts was all the 57-year-old, her husband, three children and daughter-in-law could carry out of their house as authorities raced to evacuate them and hundreds of families on Tuesday as the water levels in the river rapidly started rising, above the danger mark. Delhi recorded a rapid increase in the Yamuna's water level over the past four days. It shot up from 203.14 metres at 11 am on Sunday to 205.4 at 5 pm on Monday, breaching the danger mark of 205.33 metres 18 hours earlier than expected. The river exceeded the evacuation mark of 206 metres on Monday night, prompting the relocation of people residing in flood-prone areas to safer locations. The water level breached the previous

Third FMCGB meeting to have five thematic areas: DEA secretary Ajay Seth

More than 520 delegates, including ministers, governors deputies, across 66 delegations will be participating in these meetings spread over five days

India receives 'overwhelming support' to include Africa as a G20 member

Explaining India's argument in support of granting Africa a membership in the G20, the official said this is an effort towards creating an inclusive world

Centre will be facilitator for startups, not regulator: Piyush Goyal

The government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator, Commerce and Industry Minister Piyush Goyal said on Tuesday. He said that stakeholders of this ecosystem will do self-regulation. Addressing the Startup20 summit here, the minister said, the message that should go out from here is the joint commitment of all the 22 nations, who have participated, that the governments will not be looking at impeding the progress of the work that startups are doing. The best way is to be out of the startups ecosystem, he said, adding the government is not expected to start regulating or dictating or micro-managing the ecosystem. "Our role will always be that of a facilitator and I do not see the government becoming an administrator or a regulator of this sector," he said. He added that the job of the government is to give an initial push or early stage finance to budding entrepreneurs. The minister also said that India provides an unique

PM Narendra Modi takes stock of G20 prep, infrastructure push, capex

With the Lok Sabha elections less than 10 months away, the performance of key flagship schemes, especially those for the welfare of the poor, was also reviewed

UN deputy secretary-general visits India to discuss various global issues

United Nations Deputy Secretary-General Amina J Mohammed on Monday began a three-day visit to India with an aim to discuss various global issues. It is her first visit to India since her reappointment to the post for a second five-year term in January last year. The UN deputy secretary-general (DSG) will hold separate meetings with External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, Environment Minister Bhupender Yadav and India's G20 Sherpa Amitabh Kant. "The DSG's visit to India will be an opportunity to exchange views on India's ongoing G20 presidency and its achievements in Sustainable Development Goals (SDGs) ahead of the SDG summit in September this year, and issues related to climate action in context of developmental priorities," the Ministry of External Affairs (MEA) said. It said the visit is a reflection of India's abiding commitment to multilateralism, including through its contribution to the UN and its ongoing G20 presidency, in addressing glo

New Delhi to enter global spotlight as India hosts first G20 Summit

The eighteenth G20 Leaders Summit to be first in South Asia and have the largest-ever delegation count

PM to chair meeting of Council of Ministers on Monday amid reshuffle buzz

Prime Minister Narendra Modi will chair a meeting of the Union Council of Ministers on Monday amid a heightened buzz about the likelihood of a Cabinet reshuffle following a series of meetings of the ruling BJP's top brass. The Monday meeting is expected to be held at the newly built convention centre at Pragati Maidan here, which will host the G20 summit in September. The political upheaval in Maharashtra on Sunday as NCP leader Ajit Pawar joined the BJP-Shiv Sena government along with several of his party legislators and a number of closed-door meetings involving the BJP's brain trust, including Home Minister Amit Shah and party president J P Nadda, have strengthened the view that a Cabinet reshuffle is on the cards. Senior NCP MP and former Union minister Praful Patel, who ditched his longtime mentor Sharad Pawar to join hands with his nephew, is being seen as a probable contender among the likely new ministers in the central government. With Ajit Pawar taking oath as deputy chie

G20's halfway mark: Diplomats are pessimistic about a communique

More than six months into India's Presidency of the G20, most diplomats are pessimistic about a communique - the Delhi Declaration - emerging from the summit. ADITI PHADNIS writes