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PM Narendra Modi arrived in the Vatican City on Saturday to meet Pope Francis ahead of the highly anticipated G20 Summit
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The leaders of the world's economic powerhouses on Saturday took part in the first in-person summit since the coronavirus pandemic, with climate change, COVID-19 economic recovery and the global minimum corporate tax rate on the agenda.
Italian Premier Mario Draghi welcomed the Group of 20 heads of state to Rome's Nuvola cloud-like convention center in the Fascist-era EUR neighborhood, which was sealed off from the rest of the capital. Saturday's opening session was focused on global health and the economy, with a meeting on the sidelines among U.S. President Joe Biden, German Chancellor Angela Merkel, French President Emmanuel Macron and UK Prime Minister Boris Johnson to discuss next steps on Iran's nuclear program.
Host leader Draghi opened the forum with a sharp call for redoubled efforts to get vaccines to the world's least-prosperous countries.
Draghi underlined that while 70% of people in rich countries have been vaccinated, only 3% in the poorest countries have had their shots, calling it morally unacceptable.
Draghi urged a new commitment to multilateral cooperation: The more we go with all our challenges, the more it is clear that multilateralism is the best answer to the problems we face today, he said. In many ways, it is the only possible answer.
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Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) on Saturday said it has received approval from NCLT for launching phase I of its Infrastructure Investment Trust (InvIT).
The group, in a release, said the approval from the National Company Law Tribunal (NCLT) was received on Saturday.
With this approval, six road projects -- Barwa Adda Expressway Ltd, Baleshwar Kharagpur Expressway Ltd, Sikar Bikaner Highway Ltd, East Hyderabad Expressway Ltd, Moradabad Bareilly Expressway Ltd and Jharkhand Road Projects Implementation Company Ltd -- will be transferred to the newly formed Roadstar Infra Investment Trust under its InvIT Phase I.
These six road projects' special purpose vehicles (SPVs) will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore -- determined by an independent valuer appointed in accordance with Sebi InvIT regulations, the group said.
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Sri Lankan President Gotabaya Rajapaksa has issued a special gazette banning strikes by employees related to essential services following threats by trade unions that they would launch a protest against an energy deal with a US company.
As per the gazette, all services related to supply and distribution of all fuels, including petroleum products and liquefied gas, freight transport by the Sri Lanka Railway Department and all public transport services carried out by the Sri Lanka Transport Board for passenger transport, government administration, insurance services, functioning of food services agencies and the postal services have been declared as essential services.
The order followed threats made by utility trade unions, warning of strike in protest against a power sector deal entered with a US agency.
The government also faced internal dissension from representatives of a smaller party of the ruling alliance.
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An estimated 56.78 per cent voter turnout was recorded in by-poll bound Sindgi and Hangal assembly constituencies in Karnataka till 3pm, election officials said on Saturday.
While Sindgi has recorded 51.6 per cent voting so far, in Hangal it is 62.72 per cent.
The polling began at 7 am and will go on till 7 pm.
A total of 19 candidates are in the fray in the two constituencies, including six from Sindgi and 13 from Hangal. Two candidates from Sindgi are women.
The counting of votes will take place on November 2.
There are a total of 4,39,148 eligible voters, including 230 service voters from both constituencies, who can cast their votes at 560 polling stations.
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Taking potshots at the ruling BJP, Shiv Sena MP Sanjay Raut on Saturday said a coalition government with Congress as a major party will come to power in 2024, when general elections are due, which will end the reign of the incumbent one-party government.
Speaking to reporters in Pune city of Maharashtra after addressing JS Karandikar memorial lecture organised by the Pune press club, Raut said, "No government can be formed without Congress, which is a major and deeply-rooted party in the country. Congress is the main opposition party too. Others are regional parties."
Queried about political strategist Prashant Kishor's reported statement that BJP will remain in power for many decades, Raut said the BJP will stay in Indian politics but as an opposition party.
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Leaders of the world's 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15%, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023.
"We call on the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting to swiftly develop the model rules and multilateral instruments as agreed in the Detailed Implementation Plan, with a view to ensure that the new rules will come into effect at global level in 2023," the draft conclusions, seen by Reuters, said.
The conclusions are to be formally adopted on Sunday.
Topics :CoronavirusAryan KhanToday NewsLok Sabha
First Published: Oct 30 2021 | 9:19 AM IST