Page 12 - G20

PM Modi welcomes African Union as permanent G20 member in opening remarks

G20 Summit begins with Prime Minister Narendra Modi's welcome remarks.

Turkey's Erdogan urges G20 leaders to meet Russia's demands on grain deal

The US and its allies dismiss Russia's claims that the limits are restricting Moscow's farm exports and have so far resisted calls to ease the sanctions.

US to sign Mideast-India-EU rail and shipping deal during G20 Summit

The plan is more than just an infrastructure project, US Deputy National Security Adviser Jonathan Finer told reporters Saturday in New Delhi on the first day of the Group of 20 summit

G20 Sherpas reach deal on comprehensive language for Russia war in Ukraine

The language still must be approved by G20 leaders, but that's seen as likely now that senior staff have agreed on the language, they said

African Union joining G20 is an acknowledgement of continent of 1 bn people

The group of the world's 20 leading economies is welcoming the African Union as a permanent member, a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage. US President Joe Biden called last year for the AU's permanent membership in the G20, saying it's been a long time in coming. Indian Prime Minister Narendra Modi has said the bloc was invited to join during the G20 summit his country is hosting this week. The African Union has advocated for full membership for seven years, spokesperson Ebba Kalondo said. Until now, South Africa was the bloc's only G20 member. Here's a look at the AU and what its membership represents in a world where Africa is central to discussions about climate change, food security, migration and other issues. WHAT DOES THIS MEAN FOR AFRICA? Permanent G20 membership signals the rise of a continent whose young population of 1.3 billion is set to double by 2050 and make up a quarter of the planet's ...

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 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

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

'Look forward' to cooperation in space sector: Mauritius PM Jugnauth

Mauritius Prime Minister highlighted India's support seen in all sectors of the Mauritian economy and said that New Delhi was the first to sign an agreement with Port Louis

Biden's team says India has not allowed media questions after meet: Cong

The Congress on Friday alleged that US President Joe Biden's team has said that despite multiple requests India has not allowed media to ask questions of him and Prime Minister Narendra Modi after their bilateral meeting here. President Biden is in Delhi to attend the G20 Summit on September 9 and 10. "President Biden's team says despite multiple requests India has not allowed media to ask questions of him and Prime Minister Modi after their bilateral meeting," Congress general secretary Jairam Ramesh said on X. "President Biden will now take questions in Vietnam on Sept 11th from the media accompanying him. Not surprising at all. This is how democracy is done Modi-style," Ramesh said. Soon after his arrival this evening, Biden held a bilateral meeting with PM Modi at his residence. Biden and many other dignitaries from across the world are in New Delhi for the G20 Summit. India currently holds the presidency of G20.

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

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

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

With the shadow of no consensus looming, can a footnote seal G20 deal?

With Chinese president Xi Jinping giving a miss to the G20 leaders' summit in Delhi, there is increasing speculation that China doesn't want to see a joint communique coming from Delhi

EU supports African Union joining G20, slams Russia for Ukraine war

Prime Minister Narendra Modi had first proposed making African Union a member of G20

Basmati rice and humble makhana on global platter for G20 chiefs' spouses

The exhibition will also feature displays on various climate-resistant crop varieties crucial for food and nutritional security

G20 Summit: 40 Delhites join hands with police for night patrolling

The Delhi Police on Friday said more than 40 residents of the Gandhi Nagar area have come forward to help the city police strengthen the night vigil during the G20 Summit. "In view of the G20 Summit, local residents of our area have come forward and requested the police that they will work with us. We have agreed as we are already short of staff. We would be taking their help at pickets and night patrolling," a senior police official said. He further said that the citizens have been briefed and special t-shirts were given to them which will help the police to identify them. All staff, including senior police officers, are on foot round-the-clock in maintaining law and order and tight vigil in their respective areas," the official added. On Friday, the Special Commissioner of Police (Law and Order) Dipendra Pathak, along with Joint CP Chhaya Sharma and several other senior police officials checked the city borders in the eastern range.