Page 21 - G20

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

G20 meet: Around 140 nations close to reaching pact on global tax on MNCs

The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate. At a meeting with Finance Minister Nirmala Sitharaman on the sidelines of G20 finance ministers and central bank governors meeting here, US Treasury Secretary Janet Yellen appreciated India's focus on finalizing the "historic Two-Pillar global tax deal" in the OECD's Inclusive Framework. "I believe that we are close to reaching an agreement," Yellen said in her remarks at the bilateral meeting. In a major reform of the international taxation system, about 140 countries, including India, have agreed to an overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum of 15 per cent rate. However, the deal requires countries to remove all digital services tax and other similar measures and to commit not to introduce such measures in the future. Some significant .

Appreciate India's leadership on debt issues as G20 president: Janet Yellen

US Treasury Secretary Janet Yellen on Monday said that Washington appreciates India's leadership during its G20 Presidency and New Delhi's demonstrated leadership on debt issues.Yellen said, as the world is looking forward to the G20 to make progress on key challenges like climate change and pandemics, both countries would take significant, concrete steps forward in meetings ahead."The United States has appreciated India's leadership during its G20 presidency, and we will continue our close cooperation. The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work to strengthen the global economy and to support developing countries. I am hopeful we can take significant concrete steps forward in our meetings," Yellen said while addressing a press conference earlier today in Gandhinagar.The US Treasury Secretary delivered the remarks after a meeting with Finance Minister Nirmala Sitharaman today.Speaking on the Multilateral ...

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World Bank should focus on creating a liveable planet, says Ajay Banga

He said that the absence of project de-risking and innovative finance are some of the barriers that have been holding back private investment in sustainable and quality infrastructure

G20: MDBs need nearly $3 trillion additional spend a year till 2030

It also said that an incremental $500 billion per year by 2030 is needed in official development finance, of which $260 billion should be channeled through MDBs

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

Hope to deepen 'very significant' relationship with India, says Yellen

Yellen was speaking in the context of the tariffs imposed on Chinese imports during President Donald Trump's era

India to push G20 to raise share of taxes on cos which earn 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

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