Page 22 - G20

Nations support India's efforts to have strong outcome at G20: Amitabh Kant

Top negotiators of G20 nations complimented New Delhi's efforts to deliver "strong outcomes" at the grouping's upcoming summit to deal with key global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India's G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas' meeting in this heritage city as a "very huge success" and that the negotiators were supportive of priorities of the Indian presidency of the G20. Talking to the media, Kant said the negotiators deliberated on challenges such as debt vulnerabilities, making multilateral institutions more responsive to the needs of developing countries and ensuring progress on the sustainable development goals. "India has put forward multiple key proposals in front of the G20 countries with a view to shaping the global agenda and response to the crisis and challenges being faced by the world," Kant said. The Indian G20 Sherpa said th

European development bank chief takes reform agenda to G20 talks in India

The President of the European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD president, will begin her four-day visit in Gandhinagar for the Finance Ministers and Central Bank Governors gathering. From Gujarat, she is scheduled for a high-level roundtable with the Confederation of Indian Industry (CII) in New Delhi to discuss opportunities for the Indian private sector in EBRD countries of operations in Central Asia, Middle East and North Africa (MENA), Turkey and Eastern Europe. The key discussion which is relevant for us is everything related to the MDB reform agenda, which is very prominent in the G20 discussion now, said Renaud-Basso during a pre-visit interview. India has a very important role to play as the president of the G20 at a t

G-20 finance chiefs to debate war, debt distress and inflation in India

The discussions among the Group of 20 nations come as the war drags on for nearly 17 months, slowing the global economy and keeping policymakers on edge over resurgent inflation and stuttering growth

Intense drafting sessions to culture tourism, G20 Sherpa track packs it all

Cultural menu comes with real cuisine-that too authentic Kannada dishes, from starters to dessert

G20 Sherpas focusing on sustainable growth, not on contentious issue: Kant

Top negotiators from the G20 countries on Thursday kick started intense negotiations with a focus on India's priority of ensuring inclusive global growth and addressing the challenges facing the Global South while keeping aside the contentious issues of the Ukraine conflict. As New Delhi faces the uphill task of building consensus on the outcome documents for the grouping's annual summit in September, India's G20 Sherpa Amitabh Kant said the immediate priority is to look at "ambitious" issues of development, growth, finance and digital transformation. The top negotiators from the G20 member nations, invitee countries and delegates from various leading international institutions began their three-day deliberations under the Sherpa track on Thursday in this spiritual city. Kant said building consensus on inclusion of the African Union into the G20 as proposed by Prime Minister Narendra Modi will also be a focus area at the third Sherpas' meeting under India's presidency of the ...

India's role is to develop global consensus, says DEA secretary Ajay Seth

After 40 years of low inflation, there has been a spell of high inflation in the world with countries trying to figure ways to cope with it, the CEA said

Russia-Ukraine war discussion may be pushed to the last minute of G20 talks

On the first day, members discussed the preamble and conclusion paras of the proposed communique, he said

IMF sees 'pockets of resilience,' slowing momentum in global economy

Reduced supply chain disruptions and lower goods demand means likely disinflationary pressures from goods, the IMF said

G20 to discuss int'l debt architecture, more loans to developing nations

Countries like Zambia and Ghana have been waiting for big creditors to make progress in providing debt relief under the so called "Common Framework", which is led by the G20

Summit to act on reforming global financial system, says UN chief Guterres

UN Secretary-General Antonio Guterres has said that the G20 Summit to be hosted under India's Presidency provides an opportunity to take action on debt relief and reform the global financial system, as he voiced concern over the "crushing debt crisis" in the world. Speaking at the launch of a UN report 'A World of Debt' here on Wednesday, Guterres said, "Some 3.3 billion people almost half of humanity live in countries that spend more on debt interest payments than on education or health." "Half our world is sinking into a development disaster, fuelled by a crushing debt crisis," he said. Guterres said that because most of these unsustainable debts are concentrated in poor countries, they are not judged to pose a systemic risk to the global financial system. "This is a mirage," he warned, adding that 3.3 billion people is more than systemic risk. "It is a systemic failure. Markets may seem not (to) be suffering yet. But people are. Some of the poorest countries in the world are

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

Looking for consensus on road to third upcoming G20 finance track

The third finance track meeting is the last one, before the leaders' summit to be held in New Delhi in September

FSSAI set to meet international regulators on food safety system

According to the apex food regulator, the food safety and regulatory system in India needs to constantly evolve to counter the emerging food hazards and pandemic scenarios

Hampi G20 sherpa meet to focus on digital public infra, green growth

The Sherpa track of discussions oversees 13 separate working groups on specific areas such as agriculture, tourism, development, education, corruption, and trade, among others

G20 meetings helped placing culture at heart of policymaking: Pralhad Joshi

The G20 working group meetings have progressed from identifying and deliberating on four key priorities to seek consensus on action-oriented recommendations that would be a significant step in placing culture at the heart of policymaking, Union minister Pralhad Joshi said on Monday. Welcoming delegates at the G20 working group meeting that began here on Sunday, Joshi said the grouping strives to build consensus on the ministerial declaration containing the four priority areas, which are cornerstones in the vision of an inclusive and sustainable future. The four priorities set for the meeting are -- Protection and Restitution of Cultural Property; Harnessing Living Heritage for a Sustainable Future; Promotion of Cultural and Creative Industries and Creative Economy; and Leveraging Digital Technologies for the Protection and Promotion of Culture. Joshi said each of these priorities showcases a world that is culturally diverse yet unified. "We have progressed from identifying and ...

G20 meet in Indore from July 19; Bhupender Yadav reviews preparations

Union Labour and Employment Minister Bhupender Yadav on Sunday reviewed the preparations for a three-day meeting of the G20, which is slated to begin from July 19 in Madhya Pradesh's Indore. The fourth employment working group meeting will be held in the first two days, while a meeting of the labour and employment ministers of G20 countries will be held on the third day, officials said. Yadav instructed officials to showcase the historical, cultural heritage and wildlife of Madhya Pradesh to delegates during the G20 meeting here, they said. After the meeting, the minister also reached the city's famous 56 shops, a centre with eateries, and a hotel and took stock of the arrangements being made for G20 delegates. While addressing party workers later at the city BJP office, Yadav said, "I hope that the upcoming meeting of the G20 will see the same enthusiasm of people of the city as witnessed in the previous events of the Pravasi Bharatiya Sammelan and the agriculture working group of

World Bank Prez Ajay Banga to travel to India next week to attend G20 meet

World Bank President Ajay Banga will travel to India next week to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad, Gujarat, according to the development lender. This would be Banga's first trip to India after he took over as the World Bank president last month. Gujarat is hosting four meetings of G20 in the first two weeks of July. These meetings will provide an opportunity for business representatives to share their perspectives, insights and policy recommendations on various economic and business-related topics and will play a very significant role in shaping global economic agendas and policies, according to officials.

High growth of 8-9% to be driven by manufacturing, urbanisation: Kant

High growth of 8-9 per cent could be driven by focus on manufacturing and urbanisation, G20 Sherpa Amitabh Kant said on Wednesday. About 5,500 census towns need to have master planning, and sustainable urbanisation is the way forward, which is a huge opportunity to drive growth in India, he said speaking at an event for release of report titled 'The Rise of India's Middle Class'. The bulging middle class holds immense power to drive sustained economic, political and social growth in India, he said. As the number of middle class rises, he said, this will drive demand for quality healthcare, education, housing, consumer goods and many other things. The government increasingly will have to focus on education and health as well as creating job opportunities. The vision of India becoming a fully developed country by 2047 really implies that the middle class needs to be the key driver of India's growth story, he said. "Rise of the Indian middle class is also indicative of economic ...

Home ministry to host 2-day G20 meet on crime, security in age of NFTs, AI

The Union Ministry of Home Affairs will organise the "G20 Conference on Crime and Security in the Age of Non Fungible Tokens (NFTs), Artificial Intelligence (AI) and Metaverse" on July 13-14 in Gurugram, officials said on Monday. The two-day event is being organised in partnership with the Union Ministry of Electronics and Information Technology, Ministry of External Affairs, National Security Council Secretariat and the Central Bureau of Investigation, they said. The Rashtriya Raksha University, National Forensic Science University, National Law School of India University, Interpol and UNODC are the event's organising partners. "The MHA will host the 'G20 Conference on Crime and Security in the Age of NFTs, AI and Metaverse' on July 13-14. It will bring together G20 countries, nine special invitee countries and domain experts (from) around the world to delve into the challenges of advancing technologies," a Union Ministry of Home Affairs (MHA) spokesperson said. The conference wil