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Discuss patent waiver extension for Covid diagnostics: Goyal urges G20

Commerce and Industry Minister Piyush Goyal on Thursday urged the G20 countries for starting timely discussions in the WTO on extending patent waiver for the production and supply of COVID-19 diagnostics and therapeutics. In June, members of the World Trade Organisation (WTO) agreed to grant a temporary patent waiver for manufacturing COVID-19 vaccines only for five years. However, talks on including therapeutics and diagnostics, as proposed by India and South Africa, under the purview of this waiver were to start after six months. Goyal raised the issue while delivering his opening statement at the G20 Trade, Investment and Industry Ministerial Meeting that is underway in Bali, Indonesia. "He urged the G20 to commit itself to positive and timely discussions on important areas mandated by the MC12 (12th ministerial conference) including WTO reforms and extension of TRIPS (Trade Related aspects of Intellectual Property Rights) waver to cover the production and supply of COVID 19 ...

Hold talks to extend TRIPS waiver to Covid diagnostics: Piyush Goyal to G20

Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy

India discusses cooperation among IBSA countries in multilateral fora

India has discussed ways to step up cooperation among IBSA countries in various multilateral fora, including the UN, WTO and G20, on major issues of in the international agenda. The IBSA (India, Brazil, South Africa) has emerged as a key tripartite grouping for the promotion of cooperation in a range of areas. External Affairs Minister S Jaishankar on Wednesday hosted the 10th India-Brazil-South Africa (IBSA) Trilateral Ministerial Commission Meeting along with Brazil's Minister of Foreign Affairs Carlos Alberto Franco Frana and Dr. Joe Phaahla, Minister of Health of the Republic of South Africa. "The Ministers expressed satisfaction on the coordination and cooperation among IBSA countries in various multilateral fora, including the UN, WTO, WIPO and G20, on major issues of international agenda. They reiterated their intention to further deepen IBSA cooperation on international issues at various International Organisations and groupings," according to a joint statement issued after

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

PM Modi to leave for SCO summit today; will meet Russian Prez Putin

Prime Minister Narendra Modi will reach Uzbekistan's Samarkand in the evening

India 2022: Getting bigger but not richer

The link between the size of the economy and prosperity is tenuous

Putin, PM Modi to discuss Russia-India cooperation in UN, G20: Kremlin

Russian President Vladimir Putin and Prime Minister Narendra Modi will meet on the sidelines of the SCO Summit in Uzbekistan this week and discuss issues of strategic stability, the situation in the Asia Pacific region and bilateral cooperation within the UN and G20, the Kremlin has announced. Putin and Modi will attend the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in the Uzbek city of Samarkand on September 15-16. "A conversation on the international agenda with Modi will also take place, the sides will discuss issues of strategic stability, the situation in the Asia Pacific Region, and, of course, cooperation within major multilateral formats, such as the UN, the G20 and the SCO," the official Russian news agency TASS quoted Presidential Aide Yuri Ushakov as saying. "This is particularly important, because India will preside in the UN Security Council in December, and, in 2023, India will lead the SCO and will also chair the G20,"

G20 members to evaluate affirmative policies for specially-abled people

The agreement was concluded at the Sixth G20 Employment Working Group (EWG) meeting in Bali, which mainly discussed inclusive job opportunities

India likely to host over 200 meetings during its annual G20 Presidency

India is expected to host over 200 G20 meetings during its yearlong Presidency of the influential group which will culminate with an annual summit on September 9 and 10 next year. India will assume the Presidency of the G20 for one year from December 1, 2022, to 30 November 2023. "Under its Presidency, India is expected to host over 200 G20 meetings across the country, beginning December 2022. The G20 Leaders' Summit at the level of Heads of State/Government is scheduled to be held on September 9 and 10, 2023 in New Delhi," the Ministry of External Affairs (MEA) said on Tuesday. The G20 or Group of 20 is an intergovernmental forum of the world's major developed and developing economies. It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union (EU). Collectively, the G20 accounts for 85 per cent of the global GDP, 75 per

India ready to embrace its moment

As India steps into its first-ever G20 presidency later this year, its voice and leadership could leave a mark on the world for years to come

NEP to reorient India's education policy: Union Minister Jitendra Singh

NEP 2020 also aims to provide quality education to the students, with particular focus on historically marginalised, disadvantaged, and underrepresented groups.

India showing intent to address climate issue: Environment Minister at G20

Union Environment Minister Bhupender Yadav on Wednesday said India is showing intent as a problem solver despite not being a traditional contributor to global emissions. Addressing the opening ceremony of the G20 environmental and climate ministerial meeting in Bali, Indonesia, he said the promise of climate finance from developed countries remains a mirage and its current pace and scale does not match the global aspiration to combat climate change. Yadav also said the primary responsibility for the transition towards net-zero emissions rests with those who have historically accounted for most of the accumulated greenhouse gas concentrations in the atmosphere. Net zero means achieving a balance between the greenhouse gases put into the atmosphere and those taken out. "While India has not been a traditional contributor to global emissions, we are showing the intent in our actions to be a problem solver," he said. The minister said India is totally committed to driving its low-carbo

India showing intent as problem solver: Environment minister at G20 meet

Union Environment Minister Bhupender Yadav on Wednesday said India is showing intent as a problem solver despite not being a traditional contributor to global emissions. Addressing the opening ceremony of the G20 environmental and climate ministerial meeting in Bali, Indonesia, he also said the current pace and scale of climate finance from developed countries is not matching the global aspiration to combat climate change. "While India has not been a traditional contributor to global emissions, we are showing the intent in our actions to be a problem solver," he said. Yadav said the maximum impact of the climate crisis is being borne by the poorest countries and most vulnerable communities, which have contributed the least to the climate crisis and lack the technology and capacity and finance required to significantly alter the status quo. "However, the promise of climate finance remains a mirage. An added problem is the clubbing of development finance with climate finance," he ...

FM Sitharaman meets US Deputy Treasury Secretary, discusses global economy

Finance Minister Nirmala Sitharaman on Friday met US Deputy Treasury Secretary Wally Adeyemo and exchanged views on global economic and financial sector issues. "FM Smt. @nsitharaman and Mr @wallyadeyemo discussed India's G20 Presidency in 2023, as well as areas of cooperation for continued and enhanced India-USA partnership," the finance ministry said in a tweet. India will hold the Presidency of the G20 from December 1 to November 30, 2023. India will host the G20 summit next year. G20 is the premier forum for international economic cooperation that plays an important role in global economic governance.

Xi Jinping, Vladimir Putin plan to attend G-20 summit in Indonesia

The presence of Xi and Putin would set up a showdown with US President Joe Biden and other democratic leaders

India will help direct G20 through next decade: President Droupadi Murmu

In her maiden speech, Indian President Murmu said,"I am sure that the conclusions and policies that will emerge from this brainstorming in India will determine the direction of the coming decades."

Preparing for the presidency

India must not lose G20 opportunity