Page 22 - G20

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

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

If world has to progress, then Indian way is the way forward: MoS Lekhi

The exhibition inaugurated by Lekhi on Friday, showcases banknotes of G-20 Member Nations depicting UNESCO-listed World Heritage Sites

G20 events will boost tourism sector further in Goa: CM Pramod Sawant

The G20 events hosted in Goa has offered the coastal state an opportunity to showcase its natural beauty and rich cultural heritage to the world which will boost its tourism sector in the long run, Chief Minister Pramod Sawant has said. Dubbed as 'Pearl of the Orient', Goa's scenic beaches, sunny skies and sand draw tourists by hordes from various parts of the country and abroad. The coastal state just hosted two back-to-back crucial G20 events -- fourth Tourism Working Group (TWG) meeting (June 19-20) and Tourism Ministerial meeting (June 21 -22), taking the total number of G20 meetings hosted so far in Goa to seven, while two more G20 events are slated to take place here in July. "We are hosting altogether nine meetings of the G20, Sawant said in an interaction on the sidelines of the meetings. Addressing a gathering of G20 delegates here in the inaugural session of the fourth and final TWG meeting of the influential bloc, he said the crucial meeting would ensure in shaping a ...

India only G20 country that fulfilled promises on climate change: PM Modi

India is the only G20 country that has fulfilled all the promises it made in Paris on climate change, Prime Minister Narendra Modi said on Thursday, asserting that India will not only fulfil its responsibilities but will also help others including the US in this critical area. The Prime Minister was referring to obligations under the 2015 Paris Agreement. As far as India is concerned, the environment, and climate, are extremely important in our cultural traditions for us. The environment is an article of faith. This is not just something that we need to do for convenience. We believe this. We do not believe in the exploitation of nature., Modi said in response to a question by PTI at a joint news conference with President Joe Biden in the East Room of the White House. In order for all of creation to work, we can make nature -- we cannot have exploitation of nature and we have always believed this," he said. And on the basis of these values, India is not only doing things for itself

Bihar Guv Arlekar inaugurates G20 labour engagement group meet in Patna

Bihar Governor Rajendra Vishwanath Arlekar inaugurated a labour engagement group meeting of G20 here on Thursday. Altogether 173 delegates from 28 countries are participating in the conference. Apart from the G20 countries, India, as part of its presidency, has invited Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Nepal and the United Arab Emirates to join the meeting. Welcoming the delegates, the governor said, I am proud to see you in Bihar. The dignitaries present here represent around 75 per cent of the total population, which is a moment of pride for Bihar. He also highlighted the historical significance of the eastern state. The history of Bihar goes back thousands of years. It is a land of knowledgewhere students from different nationalities used to seek knowledge at Nalanda University. Vaishali too is considered as the mother of democracy," he said. Addressing the gathering, Labour-20 (L-20) chairman Hiranmay Pandya said, I want to assure you that L20 will not