G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman
1 year, 3 months ago

G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

The Hindu  

The G-20 leaders’ recommendation to revive the Black Sea Grain Initiative to help the movement of grains, food, and fertilisers from Russia and Ukraine to the rest of the world, would help ease inflation in several countries, but may not affect India’s own inflation trajectory much, Finance Minister Nirmala Sitharaman said. G-20 Summit 2023 Sept. 9 updates “On inflation, globally, it will have an impact as soon as the understanding is executed and grain movement starts from Russia and Ukraine. G-20 leaders, as per Para 11 of the declaration, highlighted the “human suffering and negative added impacts of the war in Ukraine with regard to global food and energy security, supply chains, macro-financial stability, inflation and growth” and “called for the cessation of military destruction or other attacks on relevant infrastructure”. Mooting “immediate and unimpeded deliveries of grain, foodstuffs, and fertilizers/inputs from the Russian Federation and Ukraine”, they said this is “necessary to meet the demand in developing and least developed countries, particularly those in Africa”.

Food Ukraine Russia Inflation Grain Sitharaman  minister  developing  imports  grain  g20  inflation  trade  summit  global  leaders  sea  ukraine  food  countries  resuming  sitharaman  grains

History of this topic

G20 Summit: Global South ’most adversely’ hit by food, fuel crisis due to global conflicts, says PM Modi
1 month ago

G20 Summit: Global South ’most adversely’ hit by food, fuel crisis due to global conflicts, says PM Modi

Live Mint  

During his speech at the G20 Leaders' Summit in Brazil, Prime Minister Narendra Modi emphasized India's commitment to lifting 250 million people out of poverty. The countries of the Global South are most adversely impacted by the food, fuel and fertiliser crisis caused by global conflicts and G20 must give primacy to their concerns and priorities, Prime Minister Narendra Modi …

G20 Summit: Global South adversely impacted by food, fuel, fertiliser crisis due to global conflicts, says PM Modi
1 month ago

G20 Summit: Global South adversely impacted by food, fuel, fertiliser crisis due to global conflicts, says PM Modi

Hindustan Times  

The G20 should focus on the challenges and priorities of the Global South, which have been most affected by the food, fuel and fertiliser crisis brought on by global conflicts, Prime Minister Narendra Modi said on Monday. Modi’s remarks, made during the first session of the G20 Summit in Rio de Janeiro that focused on “Social inclusion and the fight …

G20 Summit: PM Modi stresses need to centre Global South in talks amid conflict-driven food, fuel crises
1 month ago

G20 Summit: PM Modi stresses need to centre Global South in talks amid conflict-driven food, fuel crises

India TV News  

Rio de Janeiro, Brazil: Prime Minister Narendra Modi has once again turned vocal for the Global South and stressed that the ongoing discussions at the mega venue could only be successful when the challenges and priorities of the region are kept in mind. "And just as we amplified the voice of the Global South by granting permanent membership of G20 …

G-20 nations to work towards food and nutritional security for all
1 year, 3 months ago

G-20 nations to work towards food and nutritional security for all

The Hindu  

The leaders’ declaration adopted at the G-20 meeting here on Saturday laid emphasis on ensuring global food and nutritional security for all in line with the G-20 Deccan High-Level Principles on Food Security and Nutrition 2023. Welcoming the outcomes from the G-20 members’s engagement in the 12th G-20 Meeting of Agriculture Chief Scientists, they emphasised the importance of increasing access …

G-20 Summit 2023 | New Delhi Declaration underlines need for more finance to arrest global warming
1 year, 3 months ago

G-20 Summit 2023 | New Delhi Declaration underlines need for more finance to arrest global warming

The Hindu  

The G-20 Leader’s Declaration for the first time formally recognises the quantum jump in finance necessary for the world to transition to a renewable energy economy. The Declaration “.noted the need for USD 5.8-5.9 trillion in the pre-2030 period required for developing countries.as well as USD 4 trillion per year for clean energy technologies by 2030 to reach net zero …

G20 summit today, differences narrowed over joint declaration
1 year, 3 months ago

G20 summit today, differences narrowed over joint declaration

Deccan Chronicle  

New Delhi: A day ahead of the start of the two-day G-20 summit in New Delhi, India's G-20 “sherpa” Amitabh Kant said the “New Delhi Declaration” joint statement or communique was “almost ready”, signalling hectic efforts were continuing till the last minute to narrow differences on the contentious Ukraine issue, which has left the G-20 grouping polarised between the Western …

Heads of State of 16 Nations Gather in New Delhi for G20 Summit
1 year, 3 months ago

Heads of State of 16 Nations Gather in New Delhi for G20 Summit

Deccan Chronicle  

NEW DELHI: A day ahead of the start of the two-day G-20 summit in New Delhi, India's G-20 “sherpa” Amitabh Kant said the “New Delhi Declaration” joint statement or communique was “almost ready”, signalling hectic efforts were continuing till the last minute to narrow differences on the contentious Ukraine issue, which has left the G-20 grouping polarised between the Western …

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation

The Hindu  

Published : Sep 07, 2023 11:00 IST - 6 MINS READ Even as the Indian government celebrates the high growth rates that the increases in official GDP figures signal, it is haunted by the spectre of inflation. Wheat prices at the consumer level, which were falling relative to the previous year in the months preceding October 2021, started to rise …

India’s China hurdle at the G-20 - The Hindu
1 year, 3 months ago

India’s China hurdle at the G-20 - The Hindu

The Hindu  

As India prepares for this weekend’s G-20 Summit, New Delhi is facing more than one hurdle from China as it goes all out to ensure a successful summit. On Monday, China’s Foreign Ministry announced that President Xi Jinping will for the first time skip a G-20 summit, with the Chinese Premier and second-ranked leader Li Qiang instead deputed to attend …

80% Of World GDP, 75% Of Global Trade: Why G20 Is Big Deal
1 year, 3 months ago

80% Of World GDP, 75% Of Global Trade: Why G20 Is Big Deal

ABP News  

Preparation is in full swing for the G20 summit to be held in New Delhi on September 9 and 10, with India as the chair. India's presidency will be a significant milestone as it seeks to find practical global solutions for the benefit of all and embody the idea of "Vasudhaiva Kutumbakam," or "the world is one family." The grouping …

Rising food, fuel and fertiliser inflation may figure in the G20 Leadership deliberations next month
1 year, 4 months ago

Rising food, fuel and fertiliser inflation may figure in the G20 Leadership deliberations next month

Hindustan Times  

New Delhi/Jaipur G20 leaders’ summit is scheduled on September 9-10 in New Delhi Some G20 members may push for creating a free, fair, inclusive and equitable trade and investment regime amid growing concerns over rising food, fuel and fertiliser prices due to supply disruptions and export curbs, three people aware of the development said adding that it could be one …

WFP taps India for 200,000 tonnes of rice as global hunger worsens
1 year, 4 months ago

WFP taps India for 200,000 tonnes of rice as global hunger worsens

Live Mint  

New Delhi: The World Food Programme has sought 200,000 tonnes of rice for its humanitarian operations from India, the largest exporter of the commodity, amid what it called “catastrophic levels” of global food insecurity triggered by the covid-19 pandemic and the Ukraine war, two people aware of the development said. The request comes after the UN-brokered Black Sea grain deal, …

G20 meeting in India marred by Russia-Ukraine war: US Secretary of State
1 year, 9 months ago

G20 meeting in India marred by Russia-Ukraine war: US Secretary of State

Hindustan Times  

The Group of 20 meeting of foreign ministers has again been marred by Russia's invasion of Ukraine, US Secretary of State Antony Blinken said on Thursday, as he called for the bloc to call on Russia to withdraw its forces. U.S. Secretary of State Antony Blinken speaks during a meeting with Netherlands Deputy Prime Minister and Minister for Foreign Affairs …

Jaishankar: Find ways to de-risk global economy
1 year, 9 months ago

Jaishankar: Find ways to de-risk global economy

Deccan Chronicle  

Hyderabad: External affairs minister S. Jaishankar on Sunday said that the major concern of G20, whose presidency India assumed this year, would be to find ways to de-risk the global economy. In this backdrop, we have to find a way of de-risking the global economy’, he said, indicating the agenda for the summit that will be helmed by Prime Minister …

Amid El Nino, inflation concerns, Finance Ministry says strong consumer demand to spur growth
1 year, 10 months ago

Amid El Nino, inflation concerns, Finance Ministry says strong consumer demand to spur growth

The Hindu  

Even though a downward ‘adjustment’ in inflation may take longer to occur, especially if global commodity prices don’t return to pre-pandemic levels, India’s consumer demand remains strong despite inflationary pressures and the revision in personal income tax slabs proposed in the Union Budget should boost consumption and spur growth, the Finance Ministry said on Thursday. On growth prospects for 2023-24, …

Year Ender 2022: A Remarkable And Historic Year For India-US Relations
1 year, 11 months ago

Year Ender 2022: A Remarkable And Historic Year For India-US Relations

ABP News  

Washington, Dec 28 The year 2022 has been a remarkable and historic year for the India-US relationship, top diplomats and experts from both sides feel and are confident that 2023 would be a momentous year for the ties between the world's largest and oldest democracies that will determine the future of technology and innovation. "2022 saw further consolidation of the …

India will stock up the world's biggest grain storage
2 years ago

India will stock up the world's biggest grain storage

Live Mint  

India is working on developing the “world’s largest grain storage" programme by merging various schemes of the Union ministries of agriculture and farmers welfare; consumer affairs, food and public distribution; and food processing, two people aware of the development said. India’s centrally held cereal stocks, which supply subsidized grains to nearly 800 million people, slipped to a five-year low this …

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus
2 years, 1 month ago

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus

Firstpost  

The G20 — a summit of 20 largest economies featuring more than 80 per cent of global GDP, 75 per cent of international trade and 60 per cent of the world population — saw its agenda in Bali, Indonesia, almost getting derailed due to the deep division among member states caused by the war in Ukraine. Incrementally, India will add …

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept
2 years, 1 month ago

LIVE Updates: CPI-based inflation eases to 6.77% in Oct vs 7.41% in Sept

Business Standard  

After firing about 50 per cent of Twitter workforce, or about 3,800 employees, Elon Musk has reportedly laid off at least 4,400 contractual workers at the company. PM Modi to embark for Bali today for G20 summit slated for Nov 15,16 Prime Minister Narendra Modi is set to leave for Bali on Monday to attend the G20 Summit in Indonesia, …

India’s G20 presidency and food security
2 years, 1 month ago

India’s G20 presidency and food security

The Hindu  

Global and regional food security have been deliberated upon as one of the priority agendas of the G20 for many years now. In this context, India’s presidency of the G20 offers a historical opportunity for the country to share its successful journey in moving from a food-deficit nation to a food-surplus nation, and address the growing challenges of food security …

Food prices help inflation cool down to 7.04% in May
2 years, 6 months ago

Food prices help inflation cool down to 7.04% in May

Deccan Chronicle  

New Delhi: With gradual easing of food prices, India's retail inflation, measured by consumer price index, cooled modestly to 7.04 per cent in May from near-eight-year high of 7.79 in April, data released by the Ministry of Statistics and Programme Implementation showed on Monday. "The Consumer Food Price Inflation came in at 7.97 per cent in May compared with 8.09 …

Global wheat prices jump after India export ban and Ukraine war, says UN food agency
2 years, 6 months ago

Global wheat prices jump after India export ban and Ukraine war, says UN food agency

India TV News  

Highlights Price of wheat has jumped in the international markets Last month, India banned wheat exports amid concerns of wheat output Russia-Ukraine war is another major reason behind surge in prices The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and due to the reduced production prospects …

Inflation Situation Subject To Uncertainty, To Depend on Geopolitical Conditions: RBI
2 years, 6 months ago

Inflation Situation Subject To Uncertainty, To Depend on Geopolitical Conditions: RBI

News 18  

Even as the retail inflation is hovering at an eight-year high level, its trajectory going forward is subject to considerable uncertainty and would primarily depend on the evolving geopolitical situation, according to the Reserve Bank of India’s Annual Report 2021-22. “Though record foodgrains production and forecast of a normal south-west monsoon augurs well for food inflation, heightened uncertainty around global …

The View from India | All eyes on the Quad
2 years, 7 months ago

The View from India | All eyes on the Quad

The Hindu  

PM Narendra Modi arrived in Tokyo today, to attend the much-anticipated Quad leaders’ summit, where he will meet U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and the newly elected Australian Prime Minister Anthony Albanese on May 24. While greater cooperation among Quad members in the Indo-Pacific will be a cornerstone of the leaders’ discussions, their meeting assumes further …

India expresses concern over global food crisis, justifies ban on wheat export
2 years, 7 months ago

India expresses concern over global food crisis, justifies ban on wheat export

Live Mint  

India has expressed its concern over global food insecurity and urged to work collectively together to alleviate the sufferings of the most affected. During the 'Global Food Security-Call to Action', chaired by US Secretary of State Antony Blinken in New York, Union Minister of State for External Affairs V Muraleedharan said the Covid-19 pandemic and the ongoing conflict between Russia-Ukraine …

G7 criticises India’s decision to stop wheat exports
2 years, 7 months ago

G7 criticises India’s decision to stop wheat exports

The Hindu  

Agriculture ministers from the Group of Seven industrialised nations on Saturday condemned India's decision to ban unapproved wheat exports after the country was hit by a punishing heatwave. "If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German agriculture minister Cem Ozdemir said at a press conference in Stuttgart. India on Saturday banned …

The Russia-Ukraine war is making Indians poorer and hungrier
2 years, 7 months ago

The Russia-Ukraine war is making Indians poorer and hungrier

Al Jazeera  

New Delhi, India – Meena Chaudhary often visits the local market late in the evening when vendors are busy wrapping up makeshift stalls and vegetables are sold at throwaway prices. The Russia-Ukraine conflict which led to a surge in global food, energy and fertiliser prices is now threatening to make life harder for families like Chaudhary’s. China, for instance, has …

Sitharaman calls for global policy coordination at G20
2 years, 8 months ago

Sitharaman calls for global policy coordination at G20

Live Mint  

Finance minister Nirmala Sitharaman on Thursday pressed for international policy coordination and proactive collective efforts to protect economies amid geopolitical events dampening growth and recovery prospects. Speaking at the G20 Finance Ministers & Central Bank Governors meeting in Washington D.C., Sitharaman flagged economic challenges arising from prolonged inflation, supply chain disruption, volatility in energy markets, and investor uncertainty for all …

Discover Related