Page 5 - G20

EAM Jaishankar assures full support to Brazil in its G20 Presidency

Welcoming the delegation, Jaishankar appreciated unique initiatives centered on the theme of building a 'just world' and a 'sustainable planet'

Brazil's Vieira arrives in India, to hold Joint Commission Meeting with EAM

The Brazil FM is on an official visit to India from August 25-28. He, along with External Affairs Minister S Jaishankar will co-chair the 9th India-Brazil Joint Commission Meeting on August 27

Global South facing challenges of food and energy security: PM Modi

Prime Minister Narendra Modi on Saturday flagged concerns over the consequences of global uncertainties on developing countries, especially in areas of food and energy securities. In his opening remarks at the third Voice of Global South Summit, Modi also assured the participating countries of India's unwavering commitment to extend full support to them in various key areas, including in the domain of digital public infrastructure. India hosted the summit in a virtual format. "Today we are meeting at a time when there is an atmosphere of uncertainty all around. The world has not yet completely come out of the impact of Covid. On the other hand, the situation of war has created challenges for our development journey," Modi said. "We are not only facing the challenges of climate change, but now there are also concerns about health security, food security, and energy security," he said. The prime minister also referred to challenges of terrorism, extremism and separatism. "Terrorism

India exceeds G20 climate goals; PM Modi reaffirms net-zero future on I-Day

Speaking from the Red Fort on India's 78th Independence Day, PM Modi reaffirmed India's commitment to achieving 500 GW of non-fossil-based energy capacity by 2030

G20 finance ministers agree to work toward effectively taxing super-rich

Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed, the declaration said after the two-day meeting in Rio de Janeiro. Brazil has made a proposal to impose a 2% minimum tax on billionaires a top priority of its presidency of the Group of 20, ahead of the Nov. 18-19 summit in Rio. While the final declaration stops short of agreeing on a specific global tax, Brazilian Finance Minister Fernando Haddad nevertheless called it a significant step forward. We were always optimistic about this result, but it really exceeded our initial expectations, Haddad told reporters. Brazil's proposal to tax billionaires has divided G20 nations. France, Spain and South Africa have expressed support, while the U.S. is against. Tax policy is very diff

G20 agree on Brazil's billionaire tax idea to effectively tax ultra rich

The declaration, which will be published on Friday, was a priority for Brazil, chairing talks of the G20 this year

G20 agree on Brazil's billionaire tax idea to effectively tax ultra rich

The declaration, which will be published on Friday, was a priority for Brazil, chairing talks of the G20 this year

World's top 1% gained $42 trillion in a decade, taxes at record lows: Oxfam

The amount is 36 times greater than the wealth accumulated by the poorest half of the world's population, and nearly 80 per cent of the world's billionaires reside in G20 countries

G20 draft communique sees growing chance of global economic 'soft landing'

Speaking to the press, Brazil's G20 finance track coordinator, Tatiana Rosito, said negotiations were ongoing, but she "firmly" believed there would be consensus for an extensive joint statement

Digital tax talks in spotlight at G20 meet as US tariff threat looms

Canada in July became the eighth country to impose a unilateral digital services tax

India pushes for plug-and-play DPI models to keep sovereignty: Report

DPI of countries should be universally applicable, says India's G20 task force report

World at cusp of ushering India era as we gain developed status: NK Singh

The world is at the cusp of ushering in an India era as the country's growth trajectory moves towards a developed nation status by 2047, leading economist and policymaker N K Singh has said. In his address on being conferred a prestigious Honorary Fellowship at the London School of Economics and Political Science (LSE) on Wednesday evening, the President of the Institute of Economic Growth said he was humbled to be joining the ranks of fellow Indians such as Nobel laureate Professor Amartya Sen and former president K R Narayanan. The renowned university said the honour was in recognition of Singh's long-standing and committed relationship with the LSE and his efforts to facilitate its unique relationship with India as Co-chair of LSE's India Advisory Board. It is a humbling moment for me considering the stature of many of my predecessors. The LSE has been a centre of academic excellence since its inception in 1895. Its connection with India has been an intensive, inquisitive and ...

Brics discusses trading in local currency, African Union, and Palestine

India welcomed Egypt, Iran, UAE, Saudi Arabia, and Ethiopia who attended their first Brics meeting in Russia on Tuesday

World Bank set to issue up to $1 billion in debut hybrid note this year

The G20 group of major economies has urged multilateral lenders to explore hybrid financing structures in a push to try

We need more large companies to aid India's high growth: Amitabh Kant

Amitabh Kant discusses India's role in G20 and path to becoming a developed nation by 2047 at Business Standard Manthan

G20 finance chiefs' meet: Brazil warns of global economic challenges

He also said the G20 finance leaders are discussing financing for Ukraine to raise pressure on Russia, adding that funds could be mobilized for Kyiv by using proceeds from frozen Russian assets

World economy has growing chance of pulling off soft landing: G20

The statement reflects a relatively upbeat view of a global economy that's struggled in recent years to overcome the impact of the pandemic, soaring inflation and a sharp increase in interest rates

G20 finance leaders eye regional 'conflicts' in tight draft communique

"Risks to the global economic outlook are more balanced," with faster-than-expected disinflation and more growth-friendly fiscal consolidation underpinning growth, the draft said

Private capital yet to embrace energy transition, says CEA Nageswaran

While urging multilateral development banks to act on the recommendations of the independent expert group under India's Group of Twenty (G20) presidency to mobilise private capital, the CEA added

FM asks World Bank officials to lead G20 agenda of strengthening MDBs

FM also suggested the World Bank explore the possibility of implementing Infrastructure Investment Trusts in infrastructure sectors such as roadways