Page 2 - G20

G20 Sherpas meet to take stock of work under India's Presidency

Kumarakom in Kerala to host 3-day meet from tomorrow

G20: Working group meet calls for paperless international trade

An official statement said digitalisation of international trade could be an effective solution towards achieving cost reduction in trade and trade finance

G-20 sets up an expert panel on multilateral institution reforms

NK Singh, Larry Summers to head the expert group

EXIM Bank expects foreign currency borrowings to be $3-3.5 bn in FY24

Rupee-denominated fund-raising would be worth Rs 20,000-25,000 crore in FY24, says export finance institution

G20 expert group formed for strengthening multilateral development banks

Under the aegis of India's G20 Presidency, a 11-member expert group has been set up to suggest measures to strengthen multilateral development banks (MDBs). The finance ministry in a statement said Professor Lawrence Summers ( President Emeritus, Harvard University) and N K Singh (Former Chairperson, 15th Finance Commission of India) are co-convenors of the G20 Expert Group on strengthening MDBs. The panel would work on making a road map for an updated MDB ecosystem for the 21st century, touching upon all aspects of MDB evolution, and mechanisms for coordination among such banks to address and finance global development and other challenges more effectively. The panel would also evaluate various estimates regarding the scale of funding required by and from MDBs for addressing their and member countries' increased financing needs for SDG and transboundary challenges. The expert group will submit its report to the Indian Presidency of G20 before June 30, 2023, the ministry said.

Water resource management vital for nation's development: Official in G20

Holistic water resource management is a pre-requisite for the development of a nation, a senior official said at the 2nd meeting of the G20 Environment and Climate Sustainability Working Group in Gandhinagar on Monday. Debashree Mukherjee, Special Secretary in the Union Ministry of Jal Shakti. also said there was need for collaboration in the field of water resources. She was addressing delegates from nineteen G20 nations and nine invitee countries as well as 13 international organisations. India is committed to strengthen cooperation in water resources development and management through sharing of technical experiences, best practices, usage of state-of-the-art tools and technology and case studies of successful interventions in the water sector for mutual benefit, Mukherjee said. The event saw presentations from Indonesia, Brazil, Argentina, Canada, China, European Union, France, Germany, Italy, Korea, Mexico, Japan, Saudi Arabia, South Africa, Turkey, UK, USA, Denmark, Singapore

NDMC plans activities related to India's G20 presidency in schools

The New Delhi Municipal Corporation (NDMC) has planned various activities in its schools aiming to support the government's ongoing efforts of making India's G-20 Presidency a success, officials said on Monday. Activities like poster making, painting and drawing competition, speech competition, quiz (round-I), essay competition, debate and quiz (round-II) will be organised till November 2023 for the students from Class 6 to Class 8, Satish Upadhyay, New Delhi Municipal Council Vice Chairman, said. He said month-wise activities have been scheduled to create awareness about G20 and its significance under India's Presidency. A dedicated G20 day shall be celebrated before the last working day of every month. Distinguished guests and eminent personalities may be invited to encourage the students of NDMC schools," Upadhyay said in a statement. He said for this purpose, 29 schools have been selected and designated as 29 countries (20 member countries + nine guest countries), who will ...

G20 must prioritise climate finance

Funding is also needed for the International Monetary Fund, the Asian Development Bank, even the private sector, to preserve biodiversity

India to showcase traditional water management techniques as G20 side event

India will showcase its traditional water management techniques and the ability to implement mega water projects during the G20 environment and climate sustainability working group, scheduled to be held in Ahmedabad next week. India, during its presidency of the G20, had asked member nations to share their best practices in the area of water management to enable knowledge exchange and cross learning. Briefing reporters about the meeting, Union Jal Shakti Ministry Special Secretary Debashree Mukherjee said the technical sessions during the three-day meeting beginning Monday will focus on five areas -- climate resilient infrastructure, groundwater management, water sanitation and hygiene, climate change mitigation and resource efficiency and circular economy. The delegates from G20 countries will visit the famous Adalaj Stepwell to showcase traditional water harvesting techniques. They will also visit the Narmada canal syphon on the Sabarmati river, which is an evidence of Indian ...

The agenda: G20 meet to focus on fair, transparent, and inclusive trade

The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage

New bus queue shelters in Delhi to be vandal-proof: Kailash Gahlot

Delhi Transport Minister Kailash Gahlot has said the new bus queue shelters with digital screens to display bus routes will be theft-proof and vandal-proof. Presenting the Delhi Budget 2023-24 in the assembly on Wednesday, the minister had announced the AAP government's plans to construct 1,400 new and modern bus queue shelters (BQS) across the national capital. "Besides providing a comfortable waiting area for bus commuters, these bus shelters will also have a static display of bus routes and digital screens displaying the arrival time of buses. In view of the G20 summit in Delhi, we will complete this work in a phased manner," he had said. Talking to PTI on Thursday, Gahlot noted that these shelters will be made vandal-proof among concerns over the safety of digital screens. "Those who need to steal will steal any which ways. But we will try and make it theft-proof and vandal-proof. Our buses have CCTV cameras and video recording systems, but they come in such a kind of casing t

Parl Committee urges for adequate funding for India's G20 presidency

The Committee has noted that G20 Presidency is India's most high-profile international endeavour ever. It is also a unique opportunity to present a face of leadership, diversity, success to the world

IMF, World Bank to convene next sovereign debt roundtable for April 3

The meeting comes amid continued delays in securing debt treatment agreements for Zambia, Ghana, and Ethiopia that US officials and others blame on foot-dragging by China

G20 Framework Working Group meeting to discuss macro-economic issues: CEA

A host of global issues pertaining to inflation, energy security and climate change would be discussed in the G20 second Framework Working Group meeting scheduled to begin Friday, Chief Economic Advisor V Anantha Nageswaran said here on Thursday. India along with the United Kingdom would play a 'facilitator role' in discussing the issues with member countries during the two-day summit, he said. "The Framework Working Group of the G20 Finance Track will discuss global macro economic issues of relevance today. It will deliberate on how international policy cooperation can be enhanced to achieve strong sustainable balance and inclusive growth across G20 nations," Nageswaran told reporters. He said the first meeting of the Framework Working Group was held in December 2022 in Bengaluru and "significant progress" was made. "Some of the goals that Indian G20 Presidency is pursuing includes international cooperation to address macro-economic impact of food, climate change and energy ...

Gujarat to host next round of G20 meetings from March 27- April 4: Official

Gujarat will host the next round of G20 meetings from March 27 to April 4, during which three conclaves will be held in the state on a range of issues, where delegates from different countries will converge for participation, said an official on Tuesday. India currently holds the year-long presidency of the Group of 20 (G20), which comprises 19 countries across continents and the European Union (EU). Of these three upcoming events in the state, the first meeting on "Environment and Climate Sustainability Working Group (ECSWG)" will take place between March 27 and 29 in Gandhinagar, said IAS officer Mona Khandhar, who is coordinating G20 events in Gujarat. "This is the second meeting of ECSWG. It will be inaugurated by G20 Sherpa Amitabh Kant in the presence of several senior central government officials and subject experts," said Khandhar, who serves as Principal Secretary (Economic Affairs) in the state finance department. Some of these dignitaries include Leena Nandan, Secretary,

Guterres asks G20 for pact to hold down warming amid food crisis warnings

he cautioned that "the climate time-bomb is ticking", he also sounded a note of hope: "Today's IPCC report is a how-to guide to defuse the climate time-bomb. It is a survival guide for humanity"

L20 adopts joint statement on universalisation of social security

The inception meeting will be followed by an L-20 summit in June before the G-20 labour ministers meeting in the latter part of the year

Stop funding new oil & gas plans, expanding reserves: UN Chief Guterres

G20 leaders should aim for a new set of carbon reduction targets by November, says Guterres

Japan's Kishida may seek India's aid to get tough on Russia for Ukraine war

"As leaders of the G-7 and G-20, I want us to communicate closely in an effort to strengthen cooperation," Kishida said March 10 when announcing the trip

Urban infrastructure principles on the cards in July G20 meeting

The dates for the Gandhinagar meeting have not been finalised