Facebook, Google, Amazon, and other large tech cos face criticism for cutting their tax bills by booking profits in low-tax countries regardless of the location of the end customer
FM Nirmala Sitharaman will attend the 2-day meeting of G20 finance ministers and central bank governors
The IMF director added that global economy is showing tentative signs of stabilising and growth is projected to strengthen
As a compromise pushed by Washington, the statement omitted language from a previous draft that mentioned a "pressing need to resolve trade tensions"
Highlights need for the G20 to keep a close watch on global current account imbalances
Increasing protectionism at trade front and trade war between the US and China would impact all countries
Bank of Japan Governor Haruhiko Kuroda emphasized the need for countries to take steps to foster a more dynamic global economy
Cooperation with China will ensure that the G20 is more responsive to emerging market concerns
The G20 can play a role in providing the platform for discussions but the differences that still persist should be resolved by the members that are directly involved in the tensions, he said
The leaders, however, did not provide any details of possible WTO reforms or how dialogue on trade was being increased
G20 meeting comes after Trump administration announced additional tariffs on imported steel, aluminium and threatened to impose broad tariffs against Chinese imports
G20 should focus on crucial financial sector topics
But no breakthrough is possible until the US negotiating team is formed
Trump has already torn up a trans-Pacific free trade pact
It will focus on ction to combat food loss and waste, and information and communication technologies
G20 calls for global forum to address excess steel capacity; Commits to rolling back protectionist measures by end-2018
The two-day gathering in the scenic Chinese city of Hangzhou agreed to oppose protectionism
Modi said fighting corruption, blackmoney and tax-evasion were central to effective financial governance
They held discussions on enhancing bilateral ties in the aftermath of the UK's decision to exit the European Union
The Indian PM spoke to Chinese President Xi Jinping about India's concerns over terrorism from Pakistan through which a China-Pakistan Economic Corridor is being built