Page 27 - G20

India, Japan can work together for greater synergy between G7-G20: FM

India and Japan can work together to achieve greater coordination and synergy between G7 and G20 member countries, Union Finance Minister Nirmala Sitharaman has said. India holds the annual revolving presidency of G20 countries and Japan is the current president of G7 countries. Sitharaman said Japan has invited her to the meeting of G7 finance ministers and central bank governors in May and she is considering attending it. We are certainly looking forward to having greater interaction with the Japanese government and because in its capacity as G7 president, we are exploring all the possible areas of cooperation and areas of mutual interest so that we are able to stand together and serve the global requirements as time demands, she said. Sitharaman said the two countries continue to have engagement in areas of food security, development finance, climate and energy, environment, digitalisation, disaster risk reduction and health. "These are topics on which we are specifically engag

G20 agrees that debt restructuring must be speedily dispensed with: FM

Debt restructuring and resolution are urgent issues for many low and middle income nations, and the G20 agrees that these matters must be speedily dispensed with, Union Finance Minister Nirmala Sitharaman has said. She told a press conference here on Thursday that discussions of G20 countries and multiple stakeholders on these issues on the sidelines of the annual spring meeting of the IMF and the World Bank were to ensure that resolution for countries in debt should happen in time. Representatives of some of the countries facing debt such as Sri Lanka, Zambia, Ghana and Ethiopia were present for the discussions. The finance minister said the Global Sovereign Debt Roundtable, held on Wednesday, has also brought in a certain avenue for people to talk about how they will have to work towards addressing debt distress and amid an emerging global debt landscape, Sitharaman said. Zambia did mention that it had applied almost a year and a half ago for debt resolution and is still waiting.

G20 consensus that regulations on crypto assets has to be global: FM

Members of the G20 agree that a globally coordinated understanding would be required not only to deal with the challenges posed by crypto assets but also to regulate them, Union Finance Minister Nirmala Sitharaman has said. The grouping has responded to the issue with alacrity and during India's presidency of the G20, a "synthesis paper" will be taken up on matters related to crypto assets, the minister told a press conference here on Thursday. "I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global," Sitharaman and added that "the G20, I think, has responded fairly with alacrity (on the crypto challenge)," she said. On the sidelines of the annual spring meeting of the International Monetary Fund (IMF) and the World Bank, Sitharaman along with Reserve Bank of India Governor Shantikanta Das co-chaired a meeting of finance ministers and central bank governors from member countries. Issues related to crypto ..

India non-committal on Zelenskyy's participation at G20 summit in Sept

India on Thursday was non-committal on participation of Ukranian President Volodymyr Zelenskyy at the G20 summit in September, days after Ukraine's First Deputy Foreign Minister Emine Dzhaparova said that he will be happy to address it. In an address at a think-tank in Delhi, Dzhaparova on Tuesday said Zelenskyy would be happy to speak at the summit just like he did during the Bali summit of the grouping last November. The Ukranian President had addressed the Bali summit through video conference. India is holding the current presidency of the G20 and will host the summit of the grouping in September in Delhi. When asked about Dzhaparova's comments, External Affairs Ministry Spokesperson Arindam Bagchi referred to remarks by Foreign Secretary Vinay Kwatra on the invitations. "As far as Ukraine's invitation is concerned, see, during the presser that we did at the time of launch of the G20 presidency, it was made clear as to which nations are invited as guests, including obviously, t

G20 can borrow a leaf from RBI's book

India must use its presidency of the G20 to showcase RBI's banking practices as these are more rigorous than those of many of its counterparts elsewhere

G20 India doing excellent job with focus on global community: IMF

As G-20 President India is doing an excellent job by focusing on issues that matters the most for the global community, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday. India assumed the year-long presidency of the G20 in December last year and aims to host a leaders' summit in New Delhi in early September. The G20 is an important forum of the world's 20 major developed and developing economies. "India is doing an excellent job in focusing the work of the G-20 on what matters the most. What matters the most is to move through very complex policy challenges, comparing notes and coming up with the right policy actions, Georgieva told reporters at a news conference here on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. What matters the most is to re-energize global growth and here India brings its fantastic track record on digitalisation and how digitalisation can reenergize the economy," she sai

Global economic outlook a cause for concern: FM Nirmala Sitharaman

Sitharaman strongly called for timely debt restructuring as the solution to the global debt crisis is closely intertwined with addressing the global poverty challenge

India's G20 opportunities

V Srinivas's book puts the spotlight on India's priorities and challenges, as it steers the G20 presidency

India to put across concerns of Global South at G20: EAM Jaishankar

India is making efforts to include concerns of the Global South in the G20 framework under its presidency, External Affairs Minister S Jaishankar said

India to put across concerns of Global South at G20: EAM Jaishankar

India would like to use its G20 presidency to get the influential forum focussed on its mandate of global growth and development, External Affairs Minister S Jaishankar said here on Tuesday. Addressing members of the Parliamentary Forum on Indian Affairs in Uganda, he said India's G20 presidency is different in the sense that no other chair has made an effort to consult all the countries from the Global South. India will make efforts to include concerns of the Global South in the G20 framework under its presidency of the influential bloc. India assumed the Presidency of the G20 for one year from December 1 last year. The G20 Summit will be held in New Delhi on September 9-10 this year. The G20 meetings are being held across 56 cities, covering all 28 states and 8 Union Territories of India. Jaishankar said India would like to use the G20 presidency to get the forum focussed on its mandate which is global growth and development and issues important for Uganda. "Issues of green gro

India's priorities for G20 presidency to benefit global south: Ex-diplomat

India has set priorities for its G20 Presidency which will benefit the global south, former diplomat J S Mukul said here on Monday. India assumed the Presidency of the G20 for one year from December 1, 2022, to 30 November 2023. "We don't forget our friends in the global south. That's why the prime minister held a virtual summit of 125 countries to set the agenda for India's presidency. India, as the host, has invited organisations and countries from the global south. It shows the priorities," he said in his keynote address at a G20 University Connect event organised by the Central University of Kashmir. He said events had been scheduled in 50 cities of the country to showcase "Incredible India as the mother of democracy". According to the former ambassador to the Netherlands, the themes outlined by India for its presidency have green development and climate change mitigation at the top of the list. "The global south needs technical support and finances to meet the challenges of .

Expert group on MDB reform to focus on development, green finance

Expert group will hold first in-person meeting in Washington next week

G20 presidency: CAG team reviews preparations for SAI20 meet in Goa

A six member team from the Comptroller Auditor General of India (CAG) visited Goa to review preparations for the upcoming Supreme Audit Institutions (SAI20) meet scheduled to held in mid-June as part of India's G20 presidency, an official said on Friday. The meet of the Supreme Audit Institutions or SAI20, a group of audit organizations from G20 countries that promotes good governance, transparency and accountability, will be held in the coastal state between June 12 and 14, the official said. "As part of India's presidency of the G20, Comptroller and Auditor General of India (CAG) Girish Chandra Murmu will chair the SAI20 for the year 2023. This gives India an opportunity to play a leadership role in promoting good governance and accountability in the public sector," he said. "India will hold the second meeting of the two scheduled SAI20 meetings as part of the G20 summit in Goa from June 12 to 14, 2023. The first meeting for senior officials of SAI20 member nations and the World .

Culture, cuisine and crafts on sherpas' menu at G20 meet in Kerala

From 'lagoon lake' conversations to caparisoned 'elephant walk', the meet had many touristy elements

Nagaland set to host fourth B20 session in north-east region from April 4

Nagaland is all set to host the fourth and final event of B20 being organised in north-east region, which is the official G20 dialogue forum for the global business community. The B20 conference scheduled to be held in Kohima from April 4-6 will witness 64 overseas delegates from 29 countries, Nagaland Chief Minister Neiphiu Rio on Monday told reporters at Chumoukedima. The main Business 20 conference on Wednesday will be graced by Union Minister of State for External Affairs Dr Rajkumar Ranjan Singh, he said. Rio said his government is making elaborate arrangements, not only to showcase investment and partnership opportunities in the state but also to provide a unique experience for visiting delegates with exposure to Nagaland's culture, local cuisine, art, festivities, and scenic beauty. Investment and Development Authority of Nagaland (IDAN) along with the government departments are preparing a list of investible projects on varied themes and sectors to be pitched for attracting

Consensus on 99% issues, readying first draft by July: G20 Sherpa Kant

"India is looking to evangelise its successes in digital public infrastructure through its G20 Presidency to all 133 nations that do not yet have fast digital payments"

Motto of hosting G20 is getting world ready for India, says Jaishankar

The G20 members represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population

G20 meet will help India maximise its potential in tourism sector: Minister

The second G20 Tourism Working Group meeting is focused on projecting domestic tourism in mission mode and will help India maximise its potential in the sector, Tourism Minister G Kishan Reddy said on Sunday. The meeting, being held in Darjeeling and Siliguri in West Bengal from April 1 to 3, is being attended by more than 130 participants, including delegates of G20 members, invitee countries and international organisations, industry partners, state tourism officials and local tour operators. Speaking on the second day of the meeting, Reddy said the vision of the conference is to project domestic tourism in mission mode. "It will also make India maximise its potential in the tourism sector," he said. "The Union Ministry of Tourism has also formulated a comprehensive tourism policy with holistic flavour for a sustainable and responsible growth of the tourism sector in the country," he stated. Welcoming the delegates to Siliguri, Union Minister of State for Minority Affairs John Ba

G20 Sherpas hold deliberations in traditional attire on houseboats

Wearing traditional Kerala dress and enjoying a taste of Kerala's hospitality, G20 Sherpas held deliberations on land and water at this scenic lakeside Kerala village. While the Sherpas held meetings in the conference hall on top of a moving houseboat in the evening, other delegates from guest countries went on a cruise on the backwaters, enjoying the scenery and a hi-tea spread onboard. Three big houseboats with conference halls were arranged for the cruise of the Sherpas and delegates through Kumarakom Lake, a major tourist destination of the country. Police in separate boats escorted the guests on the two-hour long ride. The majority of the Sherpas and delegates dressed up in traditional Kerala attire before getting on the houseboats. While women delegates wore frilled skirts with zari borders and shawls, men wore the traditional mundu (also known as veshti). They were helped by employees of the event management team. Many of the delegates also posed for photos with India's Sh

Food security, climate-smart approach focus areas at G20 deputies meeting

The three-day meeting of agricultural deputies of the G20 agricultural working group culminated on Friday as delegates discussed various issues, including sustainable agriculture, food security and nutrition with a climate smart approach. Delegates from 19 member countries, 10 invited countries and 10 international organisations participated in the second agricultural deputies meeting (ADM) in Chandigarh. On the concluding day of the meeting, two consecutive sessions focused on drafting the communiqu by the member countries of G20 and was marked by elaborate discussions. Delegates from other invited countries and international organisations also put forth their viewpoints during the session and contributed towards an inclusive discussion on the communiqu drafting exercise, said an official statement here. After the session, secretary, department of agriculture and farmers welfare, Manoj Ahuja said he hoped the discussion on the draft communiqu and the deliberations will pave way fo