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The G20 foreign ministers' meeting on Thursday was unable to come out with a joint communique due to sharp differences over the Ukraine conflict despite persistent efforts by host India to build consensus. The meeting, held under India's presidency, adopted a Chair's Summary and Outcome document. There were issues relating to the Ukraine conflict, External Affairs Minister S Jaishankar said at a media briefing. Several diplomats said there were deep divisions between the US-led West and the Russia-China combine over the Ukraine conflict. Jaishankar said there were "polarised views" on the issue. The external affairs minister said the Outcome Document and the Chair's Summary reflected the G20's resolve to deal with pressing global challenges. There was a large number of issues where there was agreement, he said. Jaishankar also said the G20 foreign ministers' meeting unequivocally condemned terrorism.
Finance Minister Nirmala Sitharaman on Sunday said the G20 nations have agreed on language to deal with the debt vulnerabilities of developing countries. The G20 Chair's Summary and Outcome Document issued after the meeting of the G20 Finance Ministers and central bank governors (FMCBG) meetings said the ministers recognised the urgency to address debt vulnerabilities in low and middle-income countries. "Strengthening multilateral coordination by official bilateral and private creditors is needed to address the deteriorating debt situation and facilitate coordinated debt treatment for debt-distressed countries," the outcome document said. Sitharaman said one of the successes under the first FMCBG meeting of the G20 India Presidency was to "arrive at a common position on debt language". "It is important for us to emphasise on that because the vulnerable countries are looking up to the G20 countries to find some solutions to arrive at a position where their debt stress can be relieve
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains. We must promote greater global economic cooperation and position the global economy on a trajectory of strong sustainable balanced and inclusive growth," Das said. This is the first meeting of the ...
The RBI on Tuesday said travellers from G-20 countries arriving at Bengaluru, Mumbai and New Delhi international airports can get Prepaid Payment Instruments wallets linked to UPI for making payments to over five crore merchant outlets across India. Earlier this month, the Reserve Bank made an announcement regarding allowing access to UPI to foreign nationals and NRIs visiting India. To start with, the RBI said, the facility is available to travellers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi). Eligible travellers would be issued Prepaid Payment Instruments (PPI) wallets linked to UPI for making payments at merchant outlets. "Delegates from G20 countries can also avail of this facility at various meeting venues," the RBI said. Initially, ICICI Bank, IDFC First Bank and two non-bank PPI issuers, Pine Labs Private Limited and Transcorp International Limited will issue UPI-linked wallets. "Travellers visiting India can now experience the
Meghalaya Governor BD Mishra on Thursday said the state will be hosting a meeting of the G20 nations in April to discuss how space partnerships can contribute to the economy of the countries. India has decided to host around 200 G20 meetings across the country during its yearlong Presidency of the influential group. India assumed the Presidency of the G20 for one year from December 1, 2022. As part of the G20 programme, Shillong will be hosting the Space-20 program on April 17-18, Mishra said, addressing the Republic Day parade at the Polo Ground here. He said the programme here would be in continuation of the Space Economy Leaders Meeting held by the National Space Agencies of the G20 countries in 2020. The governor said the meeting was initiated to make space economy a formal agenda item of G20 summits to discuss how space partnerships can contribute to the growth of the economy of the G20 nations. The G20 or Group of 20 is an intergovernmental forum of the world's major develop
Kerala Governor Arif Mohammed Khan on Thursday said diligence and tenacity of India, world's largest democracy and home to a sixth of humanity, helped it to emerge as a world leader by assuming presidency of G20 nations. Leading the Republic Day celebrations at the Central Stadium in the State capital of Kerala, Khan said that instead of merely fighting for its survival, India was guiding the world with its mantra of 'act in unison' in tackling global issues like climate change, terrorism and pandemics. "As a nation, our diligence and tenacity have paid rich dividends, which are visible through a plethora of accomplishments proclaiming our robustness and philosophy of life and enhancing our prestige in the comity of nations," he said at the event also attended by Chief Minister Pinarayi Vijayan. Khan said that as home to almost one-sixth of humanity, India stands tall as a "microcosm of the world," embellished by its immense diversity and at the same time "firmly united by a sense o