Page 13 - G20

India likely to ban unbacked crypto assets, stablecoins and DeFi, says RBI

Under G20 presidency, one of priorities is to develop framework for global regulation, including possibility of prohibition of unbacked crypto, stablecoins and DeFi, Reserve Bank of India has stressed

India's soft power on display through non-stop cultural calendar in 2022

2022 was a year when the government used India's soft power diplomacy both at home and abroad to create a non-stop cultural calendar of events for 365 days. While it appealed to the sense of pride and patriotism of the domestic population by urging them to be part of the Azadi ka Amrit Mahotsav, a series of events to celebrate 75 years of Indian independence, it highlighted the country's rich culture and heritage to the global audience. In a testament to the scale of these engagements, the culture ministry held more than 136000 events under Azadi ka Amrit Mahotsav including several mega programmes such as Har Ghar Tiranga. The campaign reached 23 crore households and six crore 'Selfie with Tiranga' were also registered digitally. The official website also had a feature of 'Pin a Flag', which accumulated more than five crore entries. The Archaeological Survey of India (ASI) also undertook various activities as part of Har Ghar Tiranga which included hoisting of high flag mast of 15 m

Union Minister Ashwini Vaishnaw unveils digital innovation alliance for G20

The minister also launched "stay safe online" campaign, with the aim of digitally transforming the global economy in a secure cyber environment

New Delhi Municipal Council make arrangements in run-up to G20 Summit

A food festival, flower show, fun runs and live music -- the New Delhi Municipal Council (NDMC) is going all out in its arrangements for the general public and foreign dignitaries in the build-up to next year's G20 Summit. The NDMC has assigned around Rs 60 to 100 crore for preparations in the city ahead of the G20 meetings that began in March. The money will be used for the improvement of road infrastructure, electrical infrastructure, horticulture and to hold events. Presenting the NDMC Budget for Financial Year 2023-2024, the civic body chairman Amit Yadav highlighted various initiatives taken by the council to make the city ready for the G20 meetings. "The FY 2023-24 is going to be special with the presidency of G20 coming to India under the leadership of Prime Minister Narendra Modi. The NDMC is quickly taking up a comprehensive beautification of flyovers, roundabouts with sculptures by eminent artists, reflecting our art consciousness," Yadav said. "We have assigned Rs 60 to

S Jaishankar beefs up preparations for G20, all ministries on board

Aiming for the success of G20 summit next year, Union Minister for External Affairs S. Jaishankar especially addressed the Spokespersons, Panelists and media coordinators on G20

Sikkim should showcase organic farming expertise to G20 delegates: Chamling

Former Sikkim chief minister Pawan Kumar Chamling has urged the Prem Singh Tamang government to showcase the state's organic farming prowess during two scheduled G20 events in this popular tourist destination in March 2023. "Sikkim has been a world leader in taking up organic farming in a big way during the Sikkim Democratic Front (SDF) rule, Chamling said in a social media post. Given the underlying benefits of organic farming for the economy and health, the state government should showcase that for the visiting delegates at the G20 events to be held in the Himalayan state in March 2023, the SDF president said. Not only the farmers of Sikkim have benefitted financially by undertaking organic farming, it has been emulated by other states, too, Chamling, a five-term chief minister from 1994 to 2019, said. Chamling had launched organic farming in Sikkim two decades ago, officials said. In November, Indonesia had handed over the G20 presidency to India for the coming year at the Bali

G20: Beggars at Kashmere Gate ISBT to be shifted to night shelters in Jan

More than 1,000 beggars living in the Hanuman Mandir area near the Kashmere Gate ISBT will be shifted to night shelters in January in view of the G20 Summit to be held here in September next year, according to officials. The city government had, on December 15, asked the Delhi Urban Shelter Improvement Board (DUSIB) to remove and relocate the beggars living in the area. A four-member committee under the DUSIB chief engineer was constituted to coordinate with government agencies, including the deputy commissioner of police of the district concerned, and prepare an action plan for shifting these people to night shelters. "More than 1,000 beggars have been identified during a survey conducted in the area on Wednesday and Thursday," a DUSIB official told PTI. These people will be shifted to night shelters by the first week of January. The differently-abled beggars would be taken to institutional care facilities and the child welfare committees of the women and child development departm

5 Ellora caves to be illuminated with LED lights ahead of G20-related event

Five caves at the Ellora world heritage site in Maharashtra's Aurangabad district will be illuminated with LED lights and the Archaeological Survey of India will try to complete the work before the city hosts a G20-related event, a senior ASI official has said. The 'first inception meet' of Women 20 (W20) as part of India's presidency of G20 will be held in the city on February 13-14, 2023. The Women 20, an official G20 engagement group, was set up in 2015 to ensure gender considerations figure in G20 discussions. The ASI has already put up lights in various Ajanta caves for visitors to see the paintings made there between 400 and 650 CE, an official said on Wednesday. ASI's superintendent archaeologist Milan Kumar Chauley told PTI that they will also illuminate the inside portions of Ellora cave numbers 5, 10, 16, 29 and 32 which have paintings and sculptures. Chauley said they will try to finish the work before the G20-related event in Aurangabad in February next year. "The lig

Hospitality industry set for buoyant 2023, cashes India's G20 presidency

The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. Domestic travel, especially the leisure segment, gave wind to the industry this year and is expected to continue into the next. Industry players believe that as international arrivals are also likely to pick up even further, the outlook for 2023 is buoyant. However, for travellers, room tariffs are likely to remain high going forward, with a demand-supply mismatch continuing in the hospitality sector. "I think it's really safe to say that we have overcome the real difficult period. I don't think any one of us can deny that it was really difficult, in all terms -- occupancies, daily average rates and revenue per available room (during the pandemic)," Hotel Association of India Vice President KB Kachru told PTI. "But, I'm really happy to state that post-COVID, we have really bounced

G20: DUSIB, Delhi Police officials meet to plan relocation of beggars

A meeting was held on Saturday by the Delhi Urban Shelter Improvement Board (DUSIB) to chalk out a plan to remove and relocate beggars from the Hanuman Mandir area near the Kashmere Gate ISBT to night shelters, officials said. In view of the upcoming G20 Summit, the Delhi government issued directions on Thursday to remove and relocate the beggars from the Hanuman Mandir area. The meeting was held with the social welfare department as well as Delhi Police to discuss the rescue drive of the beggars. DUSIB member Bipin Rai said facilities that are provided at the government shelter homes, will also be provided to the beggars once they are relocated. "First, we will map the beggars and hold surveys to understand how many of them are there near the Kashmere Gate ISBT. We will also find out the number of family members of the beggars and proceed with the plan accordingly," he said earlier. A four-member committee, under the chief engineer of DUSIB, has been constituted to coordinate wit

2022 in Review: Events that defined India's relations with the world

Coffee diplomacy at G20: Karnataka begins planning for mega track in 2023

These publicized meetings of FCBD and finance ministers and central bank governors are just the tip of the iceberg when it comes to the work being done in G-20

No reform without change

There is little appetite for reforming multilateral development banks among rich countries, but three emerging economy presidencies of the G20 in succession offer hope

G20 under India can make progress in debt relief, crypto: Gita Gopinath

Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary

G20 mulls converting its global infra hub into a multilateral body

Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery

EAM Jaishankar discusses India's G20 leadership with UN chief Guterres

External Affairs Minister S Jaishankar has discussed with UN Secretary-General Antonio Guterres working together on G20, which is being led by India

India highlights principles for progress on SDGs at G20 working group meet

India on Wednesday highlighted new high-level principles for accelerating progress on SDGs at G20's working group meeting

There's broad support for India's agenda at G20 meeting, says DEA secy

The FCBD meeting is setting the agenda for the meeting of G20 finance ministers and central bank governors, scheduled to be held in Bengaluru in February

G20 wants to build policy consensus on crypto assets, says Ajay Seth

The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said

India gets support on its proposed finance track priorities for 2023 at G20

The First G20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, saw broad support on the proposed priorities of India's G20 Finance Track agenda for 2023, Secretary in the Department of Economic Affairs Ajay Seth said. The meeting which concluded here on Wednesday was held under the co-chairship of Seth and Deputy Governor, Reserve Bank of India, Dr. Michael Patra. The meeting saw a gathering of over 160 foreign delegates including Deputies from G20 member countries, invitee countries, and international organisations. This marks the beginning of the G20 Finance Track under the Indian Presidency. The agenda of this meeting was crafted keeping in view the vision given by Prime Minister Narendra Modi and Indian Presidency's G20 theme. The meeting was conducted with the aim of seeking the views of G20 members on India's G20 Finance Track priorities for 2023 across various workstreams. Physical presence of most G20 delegations, invitees and international organisat