Page 20 - G20

G20 bloc fails to reach agreement on cutting fossil fuels after objections

The G20 member countries together account for over three-quarters of global emissions and gross domestic product, and a cumulative effort by the group to decarbonise is crucial

G20 energy transition meeting concludes with no joint communique

Fossil fuels gets more room in the outcome document and chair statement

Providing social protection to people a key aspect of 2030 Agenda: PM Modi

G20 labour ministers adopt outcome document, resolve to address skill gaps globally, protection for gig workers

Need to skill our workforce in use of advanced technologies: PM Modi

Prime Minister Narendra Modi on Friday said there is a need to skill the workforce in the use of advanced technologies and processes. Addressing the G20 Labour and Employment Ministers' Meeting at Indore via video link, Modi also said that globally, mobile workforce is going to be a reality. We all need to skill our workforce in the use of advanced technologies and processes. Skilling, re-skilling and upskilling are the mantras for the future workforce. In India, our Skill India Mission is a campaign to connect with this reality, Modi said. "Globally, mobile workforce is going to be a reality in the future. Therefore, it is now time to globalise the development and sharing of skills in the true sense. The G20 must play a leading role in this, he said. Modi lauded the efforts of the meeting participants for initiating the international referencing of occupations by skills and qualifications requirements. The amazing work done by frontline health and other workers in India during ..

G20 destinations have put India on global tourism map: Govt in parliament

G20 meetings in India have fostered collaboration among governments, private sector and other stakeholders, and locations hosting these events have "attracted global attention and put India on the global tourism map", the Parliament was informed on Thursday. In a written response to a query in Rajya Sabha, Union Tourism Minister G Kishan Reddy said infrastructure has been upgraded at host cities and various initiatives have been taken up for building the capacity of stakeholders for successful conduct of events. He was asked in a written query as to whether the government has made any assessment of the impact of the G-20 Summit to be held in India, on the tourism sector of the country. "No formal assessment of the impact has been done but G20 meetings have resulted in increased visibility of prominent tourist destinations of India," the minister said in his response. "During India's G-20 Presidency, more than 200 meetings are planned at over 60 locations across the country. All th

India's G20 presidency strived to strengthen EWG legacy: Bhupender Yadav

Union Labour and Employment Minister Bhupender Yadav on Thursday said India's presidency of G20 has strived to strengthen the legacy of the group's Employment Working Group (EWG). Addressing the two-day Labour and Employment Ministers' (LEM) meeting here, he hailed the G20 EWG for effectively collaborating and working towards finalising the outcome documents. Recognising employers' associations and workers' unions as key facilitators for effective policy making, Yadav appreciated the presence of Labour20 (L20), Business20 (B20), and International Organization of Employers (IOE) in the LEM meeting. In a joint statement, the L20 and B20 called for cooperative industrial relations based on trust and supported by tripartite cooperation, dispute settlement, collective bargaining and involvement of social partners in policy development discussions. It also underscored the proactive role of policy makers in monitoring global trends on employment creation, fluctuation in commodity prices a

G20 ETWG: Consensus of energy efficiency, hydrogen still to be ironed out

The International Energy Agency in a report last month noted - ramping up annual energy efficiency progress over 4 per cent annually by 2030

G20 Energy Transitions Group takes note of Green Hydrogen Innovation Centre

The G20 Energy Transitions Working Group meeting in Goa took note of the Green Hydrogen Innovation Centre and Global Biofuel Alliance proposed by India, a senior government official said here on Thursday. Union power secretary Pankaj Agarwal, who chaired the meeting, told reporters that there has been significant convergence on hydrogen-related issues. The working group has taken note of the Green Hydrogen Innovation Centre proposed by India and the Global Biofuel Alliance proposed to be launched by India, he said. The meeting will conclude later in the day. There has been substantive meeting of minds on low-cost financing for energy transition. The Working Group has taken note of the voluntary action plan proposed by India for doubling of pace of energy efficiency by the year 2030, he said. The ETWG meeting witnessed proactive engagement from more than 115 delegates representing G20 member countries and nine invitee countries, Agarwal said. The discussions centered around critic

Work in progress

G20 agenda needs sustained engagement

G20: EWG meeting begins in Indore to tackle global labour challenges

The fourth and final meeting of the Employment Working Group (EWG) of G20 began in Madhya Pradesh's Indore city on Wednesday, with an aim to find solutions to the current global challenges in the areas of labour, employment and social security of workers, officials said. The meeting will focus on finalisation of the Ministerial Declaration and Outcome Documents, and consolidating efforts of the three previous meetings, they said. Eighty six delegates are participating in the fourth EWG meeting. The previous three EWG meetings were organised in Jodhpur, Guwahati and Geneva. Arti Ahuja, secretary, Union Ministry of Labour and Employment, chairs the G20 EWG. We are trying through the EWG of G20 to give the responsibility of mapping the global skills gap to the International Labour Organization (ILO) and the Organization for Economic Co-operation and Development (OECD)," she told reporters on Tuesday. "This mapping will be such that any country in the world will be able to see what ki

G20 mediators plan a dozen meetings to find common ground on war language

New Delhi is trying to find consensus ranging from the debt crisis and the African Union's membership to G-20 and reform of multilateral development banks

World Bank chief Ajay Banga eyes corporate philanthropy to raise funds

A panel appointed by Indian presidency of G-20 has estimated that $3 trillion is needed every year through 2030 for issues including debt relief to low-income countries and to fight climate change

G20 Energy Transitions Working Group's fourth meeting begins in Goa

Nearly 100 delegates from G20 member countries, special invitees and several international organisations are participating in the fourth Energy Transitions Working Group (ETWG) meeting which began in Goa on Wednesday. There are six priority areas outlined under India's G20 Presidency, reflecting India's focus on various aspects of energy transition and building global cooperation toward sustainable and clean energy development, an official said. The two-day meeting, chaired by Pankaj Agarwal, the ETWG chair and secretary of the Union Ministry of Power, is being held at a hotel near Goa's capital Panaji. Ministry of New and Renewable Energy secretary Bhupinder Singh Bhalla, Ministry of Mines secretary Vivek Bharadwaj, Ministry of Coal secretary Amrit Lal Meena are also participating in the deliberations, the official said. The priority areas for discussions include energy transitions through addressing technology gaps, low-cost financing for energy transitions, energy security and .

G20 FMs discuss ways to improve tax transparency, anti-evasion measures

G20 finance ministers on Tuesday discussed strategies to implement strategies for overhauling the global tax norms to ensure that multinational companies pay taxes wherever they operate. The two-day G20 finance ministers and central bank governors meeting being held under India's Presidency also discussed ways to help low and middle income countries reeling under huge debt burden. The meeting being chaired by Finance Minister Nirmala Sitharaman invited views on the way forward in international taxation with regard to implementation of measures to check tax evasion. "Finance Ministers and Governors were also invited to discuss strategies for capacity building to support implementation of 'Two Pillar Solution' and enhancing global #taxtransparency under #G20India Presidency," the Finance Ministry tweeted. The proposed two-pillar solution consists of two components, including re-allocation of multinational companies' additional share of profit to the market jurisdictions where they ..

G20 Energy Transitions Working Group meet to begin in Goa on Wednesday

Over 100 delegates from G20 countries will participate in the two-day Energy Transitions Working Group (ETWG) meeting beginning on Wednesday in Goa to deliberate on building global cooperation toward sustainable and clean energy development. The 4th ETWG meeting under India's G20 presidency will be chaired by Union Power Secretary Pawan Agarwal, a power ministry statement said. Union New & Renewable Energy Secretary Bhupinder Singh Bhalla, Union Mines Secretary Vivek Bharadwaj and Union Coal Secretary Amrit Lal Meena, will also be part of the meeting. There are six priority areas outlined under India's G20 presidency. These are -- energy transitions through addressing technology gaps; low-cost financing for energy transitions; energy security and diversified supply chains; energy efficiency, industrial low carbon transitions, and responsible consumption; fuels for Future (3F); and universal access to clean energy and just, affordable, and inclusive energy transition pathways. The

G20: India looks to forge alliance on fuels of future & climate finance

Among the fuels of the future are biofuels and hydrogen. India has already announced the creation of a Global Biofuel Alliance (GBA), of which the US would be the founding member

G20: US talks higher private investment to spur India's energy shift

Yellen backs reforms to multilateral development banks

MDBs should improve engagement with private sector: G20 expert group

Report also highlights huge scope for augmenting capital via non-traditional mechanisms such as hybrid capital, and much greater use of portfolio and capital guarantees

Debt restructuring talks at G20 meet hurt by differences, low attendance

The two-day meetings that kicked off on Monday were seen as key to setting the tone for the G20 leaders' summit in September in New Delhi

RBI puts up Innovation Pavilion at third meeting of G20 FMCBG meeting venue

The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG) here, showcasing its recent innovation initiatives relating to pilot on Frictionless Credit' and Central Bank Digital Currency'. Set up at Mahatma Mandir Convention Centre, the Innovation Pavilion' also features an informative video explaining the various facets of these two initiatives. As part of the Frictionless Credit', an experience centre has been set up to give a real-life feel of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey, RBI said in a statement. The digital KCC showcases how the digitized land record data can be used to sanction and disburse the loan in a completely digitized and paperless manner without the farmer having to visit the bank branch, it said. The digital journey includes opening of accounts through e- KYC, accessing digitized land records of State Government, credit bureau scores and other necessar