Page 5 - G20

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

PM Modi calls for cooperation among countries in justice delivery

Prime Minister Narendra Modi noted on Saturday that criminals have been using the latest technology for funding and operating across regions as he called for rethinking, reimagining and reforming legal systems to deliver justice. Speaking at the Commonwealth Legal Education Association (CLEA) - Commonwealth Attorneys and Solicitors General Conference (CASGC), he said countries already work with each other in the domain of air traffic control and maritime traffic, and advocated extending this to investigation and justice delivery. "When we work together then jurisdiction becomes a tool to deliver justice and not to delay it," he said, adding that the nature and scope of crime have seen radical changes. Sometime ensuring justice in one country requires working with other countries, he said. He expressed hope that the conference works to ensure that everyone has access to timely justice and no one is left behind. The rise of cryptocurrency and cyber threats presents new challenges an

Ram temple, G-20, Bharat Ratna: Top quotes of Prez Murmu's R-Day address

President Droupadi Murmu on Thursday praised the recent inauguration of the Ram temple in Ayodhya during her Republic Day Eve address to the nation

Energy Efficiency Services inks 5 initial pacts to boost renewables, others

State-owned Energy Efficiency Services Ltd (EESL) on Thursday said it has inked five initial pacts with partners to boost energy efficiency and renewables in the country, aligning with G20 and COP28 commitments. These initiatives are poised to double energy efficiency and triple renewable energy, in line with the ambitious targets set at COP28 and G20, an Energy Efficiency Services Ltd (EESL) statement said. According to the statement, EESL, a joint venture of public sector undertakings under the administration of the Ministry of Power, has signed memorandum of understanding (MoUs) with strategic partner organisations. EESL Chief Executive Officer Vishal Kapoor said, "The commitment we are making through these MoUs is crucial for not only support in meeting our Nationally Determined Contributions but also for contributing to the global effort in achieving the goals set at COP28". Collaborations like these are crucial imperatives for us to actively contribute to the goal of doubling

India's G20 Presidency ensured gender issue not reduced to sidelines: Irani

While representing the Confederation of Indian Industry at the World Economic Forum in Davos, the Minister noted India's growth in the technological sector and mentioned the launch of the COWIN app

Who are the Global South?

A glimpse into basic data of the 50 most populous countries reveals distinct characteristics that define this grouping

India got everybody to the table: Jaishankar on adoption of G20 Declaration

Jaishankar also mentioned PM Modi's chemistry with other world leaders and how much the other leaders admire him

Under PM Modi, India ascended to greater heights globally, says Manik Saha

Chief Minister Saha said, "Under PM Modi's leadership, India has ascended to greater heights on the global stage, exemplified by its role in the G-20"

India pushed for dialogue, diplomacy as conflicts raged around world in '23

As wars and conflicts raged around the world this year, India pressed for dialogue and diplomacy to resolve them and gave a consistent clarion call for reformed multilateralism amid failures by a polarised UN Security Council to maintain international peace. India, which became the world's most populous country in 2023, emerged as the voice of the Global South as it presided over the G20, the grouping of the world's largest economies, throughout the year. At a time when the world, as External Affairs Minister S Jaishankar pointed out, was witnessing sharp East-West polarisation and deep North-South divides, India brought its G20 thematic message of One Earth, One family, One Future' to the global stage, including at the United Nations. Prime Minister Narendra Modi, leading an unprecedented Yoga Day celebration at the UN headquarters on June 21, urged the international community to use the power of Yoga to build bridges of friendship, a peaceful world, and a cleaner, greener and ...

Year in review: How India's political landscape transformed in 2023

With the end of another year, we take a look at the biggest headlines and stories from Indian politics that defined 2023

2023: A year when G20 helped India solidify its place on world stage

India's focus to be the voice of Global South has earned it support in region. Some experts believe it has even changed the structure of G20 into a development organisation and not just an elite club

Trade measures of G20 nations become more restrictive in recent months: WTO

Trade measures introduced by G20 member countries have become more restrictive in recent months, according to a report from the World Trade Organisation (WTO). According to the 30th WTO Trade Monitoring Report on G20 trade measures, between mid-May and mid-October 2023, the countries have introduced more trade-restrictive than trade-facilitating measures on goods. WTO Director-General Ngozi Okonjo-Iweala has called on the G20 to show leadership and contribute to economic stability and growth by unwinding recent and longstanding restrictions on trade. G20 members include India, Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Russia, the UK, and the US, among others. "Trade measures introduced by G20 economies have become more restrictive in recent months," the WTO said.