Page 9 - G20 Meet

Bangladesh to launch 3 infra projects during PM Hasina's India visit

Three projects are namely; Maitree Super Thermal Power Plant-2, 65-kilometre-long Khulna-Mongla Port Railway Link, Akhaura (Bangladesh) and Agartala (India) Railway Link

Top headlines: Adani's bankers at Barclays cautious, Chandy passes away

Business Standard brings you the latest headlines at this hour

Debt restructuring talks at G20 meet hurt by differences, low attendance

The two-day meetings that kicked off on Monday were seen as key to setting the tone for the G20 leaders' summit in September in New Delhi

India has been agent of change, not of status quo: Kant on G-20 presidency

With the UN becoming "unwieldy" and "non-functional", the G-20 has emerged as the most responsive body to address key challenges facing the world and New Delhi has not shied away from bringing all major global issues to the "centrestage" during its presidency of the grouping, India's G-20 Sherpa Amitabh Kant said on Monday. He said India has been acting as an "agent of change" in the G-20 and that it is confident of building consensus to address critical developmental issues such as climate financing, debt vulnerabilities, ensuring progress on sustainable development goals and evolving a framework for digital public infrastructure. In an interview to PTI a day after the conclusion of the third G-20 Sherpas' meeting, he said the Russia-Ukraine conflict is restricted to a certain part of the world and the Indian presidency's focus has been entirely on the developmental agenda and to deal with issues facing the Global South. At the same time, Kant noted that the "present geopolitics" i

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

G20: Int'l efforts needed to deal with energy insecurity, says Sitharaman

Finance Minister Nirmala Sitharaman on Monday made a strong case for coordinated international efforts to navigate the challenges relating to food, energy insecurity and climate change. In her opening remarks at the two-day meeting of G20 Finance Ministers and Central Bank Governors (FMCBG) here, Sitharaman said the global economic growth is below its long-term average and remains uneven. "... We need ... coordinated international efforts to navigate this challenging period. In this context, the G20 framework Working Group explored the issue of tackling macroeconomic challenges related to food and energy insecurity, and those related to climate change and transition pathways. "The policy lessons that have emerged from these issues clearly underpin the need for enhanced international economic cooperation," the minister said. Quoting Mahatma Gandhi, Sitharaman said "the future depends on what we do in the present." "This statement powerfully conveys the responsibility we have as fin

G20 meet: India, US to explore alternate mechanism to fund renewable energy

India and the US on Monday committed to further improving bilateral ties, exploring alternate mechanisms for funding renewable energy and actively pursuing the G20 agenda which includes strengthening MDBs and taking coordinated action to deal with climate change. Several issues, including climate action, rising indebtedness in low and middle income countries and digital public infrastructure, figured during a bilateral meeting between Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen held on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors. India, Sitharaman said, will "look forward to furthering ... bilateral interests through development cooperation and new investment opportunities through Alternate Investment platforms for renewable energy." Yellen too in her statement said the US will "look forward to working with India on an investment platform to deliver a lower cost of capital and increased private investment to speed .

From jets to limos, Gandhinagar finds a new place on the world map

Gandhinagar, which is the official city for the finance track, has borrowed forces from the neighbouring districts of Bhuj and Ahmedabad

India's global DPI proposal faces resistance from developed nations

Amid fear of losses for Visa and Mastercard, developed countries have flagged that an interoperable global DPI may affect private players

G-20 finance chiefs to debate war, debt distress and inflation in India

The discussions among the Group of 20 nations come as the war drags on for nearly 17 months, slowing the global economy and keeping policymakers on edge over resurgent inflation and stuttering growth

Third FMCGB meeting to have five thematic areas: DEA secretary Ajay Seth

More than 520 delegates, including ministers, governors deputies, across 66 delegations will be participating in these meetings spread over five days

Looking for consensus on road to third upcoming G20 finance track

The third finance track meeting is the last one, before the leaders' summit to be held in New Delhi in September

LIVE: We send schemes to Rajasthan from Delhi but Cong blocks them, says PM

Catch all the latest LIVE updates from across the globe here

PM Narendra Modi takes stock of G20 prep, infrastructure push, capex

With the Lok Sabha elections less than 10 months away, the performance of key flagship schemes, especially those for the welfare of the poor, was also reviewed

In the 'International Year of Millets', here's what ails the 'superfood'

Country' annual production hasn't crossed ambitious benchmark because of issues in procurement, pricing

India aims to voice concerns of Global South, African nations: Foreign Secy

India has been emphasising on including the issues pertaining to the Global South under the G20 platform

G20 SAIs agree to cooperate to meet challenges of auditing blue economy, AI

Supreme Audit Institutions (SAIs) of G20 nations on Wednesday pledged to cooperate and collaborate to deal with the challenges of auditing frontier spheres of blue economy and artificial intelligence (AI). The communique, issued at the end of the three-day meeting of the Supreme Audit Institutions-20 (SAI20) Engagement Group, set up under India's G20 Presidency, also underlined the need for optimal governance in the use of AIs to ensure transparency and accountability under the existing legal and regulatory framework. The meeting of the SAI20, which was attended by SAIs of G20 countries, guest SAIs, invited SAIs, international organisations, engagement groups and other invitees was inaugurated by Comptroller and Auditor General of India (CAG) Girish Chandra Murmu on Monday. "...we, the SAIs of G20, in accordance with our mandates, agreed to cooperate and collaborate in knowledge sharing endeavours involving an exchange of innovative ideas and best practices, thus equipping SAIs to .

G-20 agri ministerial meet on Jun 15 to discuss sustainable agriculture

A three-day G-20 agriculture ministerial meeting will kick-start on Thursday in Hyderabad and will deliberate on a wide range of issues including sustainable agriculture, climate solutions and women-led agriculture. More than 200 delegates from G-20 member countries, invited countries and global organisations are scheduled to participate in the meeting. Agriculture Ministers from various countries and Director Generals from global organisations will also take part. On the first day, the Union Minister of State for Agriculture Kailash Choudhary will inaugurate an exhibition showcasing the achievements of India in the field of agriculture and allied sectors. The inauguration will be followed by the Agriculture Deputies Meeting (ADM), an official statement said. In the second half, there will be two side events titled, "managing agribusiness for profit, people and planet" and "Connecting the digitally disconnected: harnessing the power of digital technologies in agriculture" with ...

AI offers new opportunities, also brings threats to privacy: Amitabh Kant

India's G20 Sherpa Amitabh Kant on Monday said while artificial intelligence (AI) offers exciting new opportunities, such technologies also bring with them new risks, threats to personal privacy and concerns about fake news. He was speaking at the second G20-SAI Summit of the SAI20 Engagement Group here. Kant said the world is interconnected today with technology. It plays a crucial role in the functioning and the transformation, and helps to collect, process and disseminate information more quickly and efficiently. "And with this vast data, we are seeing the emergence of generative artificial intelligence. These are playing a very critical role in the lives of citizens, they have both a positive as well as disruptive potential," he added. India's G20 Sherpa further said there is a need to realise that the future rapid advancements in artificial intelligence, and, in particular, the transformative potential of generative artificial intelligence, offer exciting new opportunities for

Goa to host 3-day meet of audit institutions of G20 nations from tomorrow

Comptroller and Auditor General (CAG) of India Girish Chandra Murmu will deliver the inaugural address for the three-day conference of the Supreme Audit Institutions (SAI) of G20 countries, which begins in Goa on Monday, an official said. Murmu is the chair of the SAI20 engagement group under India's G20 presidency, a government spokesperson said. The SAI20 summit will take place in Goa from June 12 to 14. CAG Girish Chandra Murmu will deliver the inaugural speech on June 12, the official said. Delegates from SAI20, guest SAIs, invited SAIs, international organisations, engagement groups and other invitees will attend the summit, he said. SAIs of Australia, Brazil, Indonesia, Republic of Korea, Russia, Saudi Arabia, Trkiye, Bangladesh, Egypt, Mauritius, Nigeria, Oman, Spain, UAE, Morocco and Poland will be participating in-person, he said. Under the guiding philosophy for India's Presidency of G20, Vasudhaiva Kutumbkam, i.e. 'one earth, one family, and One Future', CAG had propose