G20 countries see inflation being sticky, to remain on track with monetary tightening: CEA
1 year, 9 months ago

G20 countries see inflation being sticky, to remain on track with monetary tightening: CEA

The Hindu  

Most G20 countries see inflation as being sticky and easing more slowly than they would like and have reiterated that they would remain on track with monetary tightening, said V. Anantha Nageswaran, India’s Chief Economic Advisor and Co-chair of the Second G20 Framework Working Group meeting. “On the Fed’s statement that additional interest rate increases may be needed, I think people are focusing on the word “may” instead of “will”, which suggests some dilution or open mindedness when compared to their commentary at the end of January”, Mr. Nageswaran remarked. He also pointed out that at the request of India G20 presidency, the International Monetary Fund had made a presentation on critical minerals and rare earths like copper, cobalt and lithium which are needed for the transition towards renewable energy and are currently available and processed only in a few countries. Mr. Nageswaran said that downward revision to India’s growth forecast for 2023-24 was not on the cards and there was no prediction for a 2008-2009 like financial crisis for the moment.

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History of this topic

G20 'very substantively' delivered on most pressing issues of the day, says EAM Jaishankar
1 year, 2 months ago

G20 'very substantively' delivered on most pressing issues of the day, says EAM Jaishankar

Firstpost  

“About 3 weeks ago, I was in New York for the United Nations General Assembly…A lot of people were still a little surprised that the G20 could bridge what were strong positions and deep divides…,” said Jaishankar while addressing the G20 Tree Plantation Ceremony in New Delhi External Affairs Minister S Jaishankar on Monday said that overall there was a …

G20 Declaration Shows World Leaders Found The Right Way: World Bank President Ajay Banga
1 year, 3 months ago

G20 Declaration Shows World Leaders Found The Right Way: World Bank President Ajay Banga

ABP News  

Commending India’s G20 Presidency, World Bank President Ajay Banga on Sunday lauded the G20 leaders on their ability to agree on a declaration. He said, “I consider the fact that there was a declaration, a tribute to the fact that the G 20 leadership found a way to give and take and negotiate and find a right way to agree …

How to read the fine print of the G20 Delhi Declaration
1 year, 3 months ago

How to read the fine print of the G20 Delhi Declaration

Hindustan Times  

The Delhi Declaration of G20 begins by stating that this is a “defining moment in history” and that G20’s decisions today will affect the future of the people and planet. The growth story cannot hinge on the state alone, and the Delhi Declaration sees a key role for the private sector and commits to creating “inclusive, sustainable, and resilient global …

G20 Summit: Managed to found common ground on geopolitical issues, represented Global South, says Jaishankar
1 year, 3 months ago

G20 Summit: Managed to found common ground on geopolitical issues, represented Global South, says Jaishankar

India TV News  

G20 Summit 2023 : As India marked a significant achievement by adopting New Delhi G20 Leader's Declaration, External Affairs Ministers Dr S Jaishankar said that under India's presidency, leaders managed to find common ground on key issues, particularly the Russia-Ukraine war, and that the summit represented the interests of the Global South. Union Finance Minister Nirmala Sitharaman, who was also …

G20 summit kicks off; leaders begin deliberations on pressing challenges facing globe
1 year, 3 months ago

G20 summit kicks off; leaders begin deliberations on pressing challenges facing globe

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi, US President Joe Biden and other top leaders of the world's wealthiest economies began deliberations on pressing global challenges at the G20 Summit here on Saturday under the shadow of the Ukraine war that has significantly fragmented the global geopolitical order. The leaders attending the summit include German Chancellor Olaf Scholz, French President Emmanuel …

'India's presidency will bring economic benefits to the country': G20 Chief Coordinator Harsh Vardhan Shringla
1 year, 3 months ago

'India's presidency will bring economic benefits to the country': G20 Chief Coordinator Harsh Vardhan Shringla

Firstpost  

The press conference was attended by G20 Sherpa Amitabh Kant, Harsh Vardhan Shringla and Foreign Secretary Vinay Mohan Kwatra. The officials gave a briefing on what is in store for the two-day-long summit The G20 Chief Coordinator Harsh Vardhan Shringla at the pre-summit briefing said that India’s presidency will bring economic benefits to the country and its citizens. G 20 …

G20 declaration will reflect strong voice for Global South, developing countries, says Sherpa Amitabh Kant
1 year, 3 months ago

G20 declaration will reflect strong voice for Global South, developing countries, says Sherpa Amitabh Kant

Firstpost  

“The New Delhi leaders’ declaration that you will see post the summit, you will see it as a Voice of Global South and the developing countries. No document in the world would have such a strong voice for the Global South and the developing countries,” said G20 Sherpa Amitabh Kant Ahead of the two-day G20 Summit starting in New Delhi …

G20 Summit: IMF, FSB Propose Crypto Regulation Framework
1 year, 3 months ago

G20 Summit: IMF, FSB Propose Crypto Regulation Framework

ABP News  

In what is anticipated to be a significant development during India's tenure as G20 president, participating nations have concurred on the establishment of a global framework for the regulation of cryptocurrency assets, according to sources cited by ANI. Under the stewardship of the Indian G20 presidency, the recommendation for a common framework addressing debt vulnerability issues has also been put …

G20 could pave way for crypto regulation, financial inclusion push
1 year, 3 months ago

G20 could pave way for crypto regulation, financial inclusion push

The Hindu  

India’s G20 presidency could leave a lasting legacy for the world’s financial architecture by paving the way for a global template to regulate crypto assets, steering a shake-up of multilateral development banks that could yield additional financing of $200 billion over eight years to help countries deal with emerging challenges, and advancing financial inclusion. India has brought the regulation of …

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 …

Janet Yellen to attend India G20 summit, focus on economy, climate: U.S. Treasury
1 year, 3 months ago

Janet Yellen to attend India G20 summit, focus on economy, climate: U.S. Treasury

The Hindu  

U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 leaders summit from September 7-10, making her fourth visit to India in 10 months, the Treasury Department said on Thursday. Ms. Yellen intends to focus at the summit on strengthening the global economy and supporting low-and middle-income countries by advancing efforts on debt restructurings, the …

Nirmala Sitharaman meets Chinese counterpart, discusses global debt vulnerabilities
1 year, 5 months ago

Nirmala Sitharaman meets Chinese counterpart, discusses global debt vulnerabilities

The Hindu  

Finance Minister Nirmala Sitharaman on July 18 met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities. Minister Liu Kun also appreciated work of the G20 Independent Expert Group for Strengthening MDBs setup under #G20India Presidency," the tweet said. @nsitharaman and Mr Liu Kun, Finance Minister of …

India focusing on economic growth, climate action: G20 Sherpa Amitabh Kant
1 year, 5 months ago

India focusing on economic growth, climate action: G20 Sherpa Amitabh Kant

Hindustan Times  

India’s focus during negotiations on outcomes for the G20 Summit was on economic growth, climate action and digital transformation, as contentious issues such as the Ukraine crisis were put on the back burner, the country’s G20 Sherpa, Amitabh Kant, has said. India’s G20 Sherpa Amitabh Kant The draft leaders’ declaration is based on recommendations which emerged from India’s Voice of …

G20 finance chiefs meeting in India address global challenges like climate change and rising debt
1 year, 5 months ago

G20 finance chiefs meeting in India address global challenges like climate change and rising debt

Associated Press  

NEW DELHI — Finance ministers from the Group of 20 nations meeting in India on Monday are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries. “The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work …

Progress on crucial G20 finance issues: Nirmala
1 year, 8 months ago

Progress on crucial G20 finance issues: Nirmala

Hindustan Times  

The G20 finance track has made progress on issues of debt distress, with China “positively engaged” in the process; the reform of multilateral development banks with “broad-based unanimity” on “proportionate” spending on poverty, prosperity and climate goals; and the need to have a global understanding on crypto regulation based on the recognition that their flows can affect macro-economic stability, finance …

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman
1 year, 8 months ago

India G20 presidency aims to develop common framework to deal with crypto risks: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman has said India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies in the wake of the recent shocks witnessed in the crypto market. She also said G20 is trying to bring together all countries to address debt distress in middle-income and low-income nations like Sri Lanka …

FM Sitharaman to attend 2023 Spring Meetings of World Bank, IMF this week
1 year, 8 months ago

FM Sitharaman to attend 2023 Spring Meetings of World Bank, IMF this week

Live Mint  

Union Finance Minister Nirmala Sitharaman on Monday will attend the 2023 Spring Meetings of the World Bank Group and International Monetary Fund and other G20 meetings in Washington. Sitharaman and Reserve Bank of India Governor Shaktikanta Das will jointly chair the 2nd G20 Finance Ministers and Central Bank Governors, FMCBG meeting on 12 April. The 2nd G20 FMCBG meeting will …

FM leaves for US; to host G20 meeting, attend IMF, World Bank meetings
1 year, 8 months ago

FM leaves for US; to host G20 meeting, attend IMF, World Bank meetings

Live Mint  

Finance Minister Nirmala Sitharaman will be leaving for the US to attend the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund, along with G20 meetings. During her week-long trip, she will be hosting the second G20 Finance Ministers and Central Bank Governors meeting under India's G20 Presidency and G20-related side events, said the finance ministry …

Does India have a rocky road ahead? - The Hindu
1 year, 9 months ago

Does India have a rocky road ahead? - The Hindu

The Hindu  

“The G20 has capacity to build consensus and deliver concrete results. As you meet in the land of Gandhi and the Buddha, I pray that you will draw inspiration from India’s civilizational ethos - to focus not on what divides us, but on what unites us,” Prime Minister Narendra Modi said in his video message at the G20 foreign ministers’ …

G20 agrees on debt relief
1 year, 9 months ago

G20 agrees on debt relief

Deccan Chronicle  

NEW DELHI: Despite having some differences over the wording of the Russia-Ukraine war in the summary after the first G20 meeting of the Finance Ministers and Central Bank Governors under India’s presidency, Union finance minister Nirmala Sitharaman on Sunday said that the G20 nations have agreed on language to deal with the debt vulnerabilities of developing countries. Vulnerable nations are …

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 …

There's greater optimism that the world may avoid deep recession: RBI Governor at G20 FMs meet
1 year, 10 months ago

There's greater optimism that the world may avoid deep recession: RBI Governor at G20 FMs meet

India TV News  

G20 Summit: Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, 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. "Together, we must resolutely address the challenges that confront us, including those that are of …

India’s Modi asks G20 finance heads to focus on ‘most vulnerable’
1 year, 10 months ago

India’s Modi asks G20 finance heads to focus on ‘most vulnerable’

Al Jazeera  

Financial viability of many countries is being threatened by unsustainable debt, Indian PM says, as two-day G20 meeting begins in Bengaluru. Policymakers of the Group of 20 leading economies should focus on helping the world’s most vulnerable people, India’s Prime Minister Narendra Modi has said as top-level financial talks kick off near the Indian technology hub of Bengaluru. “You represent …

FM meets US Treasury Secretary ahead of G20, discuss crypto regulation and more
1 year, 10 months ago

FM meets US Treasury Secretary ahead of G20, discuss crypto regulation and more

India Today  

Before the first G20 meeting, the Finance Ministers and Central Bank Governors conference was held on Thursday under the G20 Indian Presidency. The recent meeting included the finance ministers and central bank governors of G20 member countries, invitee countries, and leaders of major international organisations; almost 500 foreign delegates in Bengaluru. Conversations around crypto On this occasion, Konix, a crypto …

G-20 finance chiefs to tackle global economic threats
1 year, 10 months ago

G-20 finance chiefs to tackle global economic threats

Associated Press  

BENGALURU, India — Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt. This week’s gathering of finance ministers and central bank governors takes place just a year after Russia invaded Ukraine, …

G20 summit 'great opportunity' for India to showcase its strengths, says Piyush Goyal
1 year, 11 months ago

G20 summit 'great opportunity' for India to showcase its strengths, says Piyush Goyal

The Hindu  

The next G20 summit presents a "great opportunity" for India to showcase many of its strengths and provide leadership to several challenges the world is facing, Minister of Commerce and Industry Piyush Goyal has said. Prime Minister Narendra Modi has said India will work to further promote oneness, inspired by the theme of “One Earth, One Family, One Future” and …

G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath
2 years ago

G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath

Firstpost  

India has assumed the G20 President from 1 December this year from Indonesia. For the first time, the country in 2023, the country will convene G20 Leaders’ Summit Washington: G-20, under India’s presidency, can make concrete progress on three critical areas: debt relief, regulations of crypto currency and climate finance, International Monetary Fund’s First Deputy Managing Director Gita Gopinath said. …

G20 Summit 2023 : Members support India’s finance priorities
2 years ago

G20 Summit 2023 : Members support India’s finance priorities

The Hindu  

The first G20 Finance and Central Bank Deputies meeting has received the support on the proposed priorities of India’s G20 Finance Track agenda for 2023, said Ajay Seth, Secretary, Department of Economic Affairs. The first G20 FCBD meeting is being held in Bengaluru between December 13 and 15, and Mr. Seth told reporters on Wednesday that overall, the meeting saw …

India and G20: Why Presidency Matters So Much for PM Narendra Modi and His Team
2 years ago

India and G20: Why Presidency Matters So Much for PM Narendra Modi and His Team

News 18  

India’s presidency of G20 comes at a time when, as Prime Minister Narendra Modi said at the closing session of the Bali summit, the world is simultaneously grappling with geopolitical tensions, economic slowdown, rising food and energy prices, and the long-term ill-effects of the Covid-19 pandemic. It is likely that the conflict will continue through the course of India’s G20 …

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, …

Many challenges, says Nirmala Sitharaman, as India takes up G20 presidency
2 years, 2 months ago

Many challenges, says Nirmala Sitharaman, as India takes up G20 presidency

The Hindu  

India would be taking over the Group of Twenty presidency at “a time when there are so many challenges”, Finance Minister Nirmala Sitharaman has said. Ms. Sitharaman said that Indonesia, whose delegation was led this week by its Finance Minister Sri Mulyani Indrawati, had done its best and “remained calm” while trying to bring the group together. ED is ‘completely …

Sitharaman discusses current global situation and G-20 presidency with Gita Gopinath
2 years, 2 months ago

Sitharaman discusses current global situation and G-20 presidency with Gita Gopinath

The Hindu  

Finance Minister Nirmala Sitharaman has met IMF's Deputy Managing Director Gita Gopinath during which they discussed current global matters and India’s G-20 presidency next year. Ms. Sitharaman is currently in the city to attend the annual meeting of the International Monetary Fund and the World Bank, on the sidelines of which she has held a large number of bilateral and …

Sitharaman briefs G20 FMs on its 2023 presidency agenda
2 years, 2 months ago

Sitharaman briefs G20 FMs on its 2023 presidency agenda

The Hindu  

India on Thursday briefed the finance ministers and central bank governors of G20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping. On Thursday, Ms. Indrawati chaired meetings of finance ministers and central bank governors of G20 countries, which among others was attended by Union Finance Minister Nirmala Sitharaman and Reserve …

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 …

G20 finance chiefs back global tax crackdown
3 years, 5 months ago

G20 finance chiefs back global tax crackdown

Live Mint  

Finance chiefs of the G20 club of large economies have backed a landmark move to stop multinationals shifting profits into low-tax havens and win back hundreds of billions of dollars in lost revenues, a draft communique showed. Geoffrey Okamoto, First Deputy Managing Director of the International Monetary Fund, called it a "net win for the world" but said work was …

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