Page 20 - G20

G20 has great potential to work towards global good: Finance Minister

Ahead of India taking over the annual presidency of G-20 coming December, Union Finance Minister Nirmala Sitharaman on Tuesday said the grouping of the top 20 economies of the world has great potential to work towards the global public good. G-20 has a great potential to work towards global goods. When I say public goods, will also have to be made far more strengthened. India stack, for instance, can become a global stack. Efficient cross-border payments and cheaper remittances are all the benefits which we can derive out of it, Sitharaman told a think-tank here. Responding to a question during a fireside chat with eminent Indian American economist Eshwar Prasad at the prestigious Brookings Institute, Sitharaman said these are some of the areas in which she would want the G-20 to work together. We love to work together with them and get some good outcomes, she said. Observing that India is taking the G-20 presidency from Indonesia at challenging times, Sitharaman said India has been

It's time to strengthen ties with India, says Indonesian business leader

A top Indonesian business and industry expert said a forum like G20 is becoming more and more important during these challenging times to address economic issues faced by developing countries

OECD releases global framework for exchange of info on cryptocurrencies

The exchange of information on cryptocurrency between countries will become automatic under the new framework propsed by OECD

Inclusive digitisation: G20 nations need to adopt inter-operable platforms

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

Indonesia urges G20 parliaments to strengthen ties for economic recovery

Indonesian President Joko Widodo has asked the parliaments of the Group of Twenty countries to strengthen cooperation to overcome the global crisis and promote world economic recovery

FM to attend World Bank-IMF annual meeting, drive investor outreach

May hold bilateral meetings with counterparts of other nations. There could also be a G-20 meeting on the sidelines, with focus on India's upcoming presidency of the multi-nation grouping

Best of BS Opinion: Beyond a phrase, India's national priorities, and more

Here is the best of Business Standard's opinion pieces for today

How the G20 Summit can be leveraged to showcase India's tourism sector

Thrust on developing the tourism industry will help India achieve the $5 trillion economy target faster

India to address debt, food, energy security with G20 members: S Jaishankar

As India assumes the Presidency of the G20, External Affairs Minister S Jaishankar on Saturday said New Delhi will work with the group's other members to address serious issues of debt, food and energy security, even as he noted the concerns about stability and security in the Indo-Pacific region. As we begin the G-20 presidency this December, we are sensitive to the challenges faced by developing countries, Jaishankar said in his address to the high-level UN General Assembly session here. He told the 193-member UN General Assembly that India will work with other G-20 members to address serious issues of debt, economic growth, food and energy security and particularly, environment. "The reform of governance of multilateral financial institutions will continue to be one of our core priorities," he said. He also noted that the Indo-Pacific region too witnesses fresh concerns about its stability and security. His remarks came amidst China's aggressive actions in the strategically ...

Jaishankar discusses Ukraine, G20 and UN reforms with Russia's Lavrov

External Affairs Minister S Jaishankar has said that he had a wide-ranging conversation with his Russian counterpart Sergey Lavrov during which they discussed a number of issues, including bilateral cooperation, the Ukraine conflict, G20 and UN reforms as he described Russia a "major partner in many domains." Jaishankar made the remarks during his interaction with a group of Indian reporters after his meeting with Lavrov on the margins of the UN General Assembly session, just hours before his address to the UN General Debate on Saturday. "We discussed a number of issues. Some part of my meeting was focused on our bilateral cooperation because Russia is a major partner in many domains," Jaishankar said while responding to a question by PTI on his meeting with Lavrov. "A wide-ranging conversation with FM Sergey Lavrov at #UNGA 77. Discussed our bilateral cooperation. Exchanged views on Ukraine, G-20 and UN reforms," Jaishankar had tweeted after his meeting with Lavrov. To another ...

Discussed Ukraine, G20, UN reforms with Russia's Lavrov, says Jaishankar

External Affairs Minister S Jaishankar said that he and his Russian counterpart Sergey Lavrov discussed various issues including Ukraine, G20 and UN reforms

Discuss patent waiver extension for Covid diagnostics: Goyal urges G20

Commerce and Industry Minister Piyush Goyal on Thursday urged the G20 countries for starting timely discussions in the WTO on extending patent waiver for the production and supply of COVID-19 diagnostics and therapeutics. In June, members of the World Trade Organisation (WTO) agreed to grant a temporary patent waiver for manufacturing COVID-19 vaccines only for five years. However, talks on including therapeutics and diagnostics, as proposed by India and South Africa, under the purview of this waiver were to start after six months. Goyal raised the issue while delivering his opening statement at the G20 Trade, Investment and Industry Ministerial Meeting that is underway in Bali, Indonesia. "He urged the G20 to commit itself to positive and timely discussions on important areas mandated by the MC12 (12th ministerial conference) including WTO reforms and extension of TRIPS (Trade Related aspects of Intellectual Property Rights) waver to cover the production and supply of COVID 19 ...

Hold talks to extend TRIPS waiver to Covid diagnostics: Piyush Goyal to G20

Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy

India discusses cooperation among IBSA countries in multilateral fora

India has discussed ways to step up cooperation among IBSA countries in various multilateral fora, including the UN, WTO and G20, on major issues of in the international agenda. The IBSA (India, Brazil, South Africa) has emerged as a key tripartite grouping for the promotion of cooperation in a range of areas. External Affairs Minister S Jaishankar on Wednesday hosted the 10th India-Brazil-South Africa (IBSA) Trilateral Ministerial Commission Meeting along with Brazil's Minister of Foreign Affairs Carlos Alberto Franco Frana and Dr. Joe Phaahla, Minister of Health of the Republic of South Africa. "The Ministers expressed satisfaction on the coordination and cooperation among IBSA countries in various multilateral fora, including the UN, WTO, WIPO and G20, on major issues of international agenda. They reiterated their intention to further deepen IBSA cooperation on international issues at various International Organisations and groupings," according to a joint statement issued after

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

Working to implement common KYC for financial transactions: FM Sitharaman

Says developed nations haven't done their bit on climate change

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

PM Modi to leave for SCO summit today; will meet Russian Prez Putin

Prime Minister Narendra Modi will reach Uzbekistan's Samarkand in the evening

India 2022: Getting bigger but not richer

The link between the size of the economy and prosperity is tenuous