Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy passed away this morning, a senior EAC-PM official said. He was admitted to AIIMS. Debroy (69) was educated in Ramakrishna Mission School, Narendrapur; Presidency College, Kolkata; Delhi School of Economics; and Trinity College, Cambridge.
Foreign leaders who witnessed it later commented privately on the oddity of an American president flaunting such a close rapport with his Russian counterpar
Ahead of the G-20 Summit, Planning Commission Deputy Chairman Montek Singh Ahluwalia will lead a delegation to a preparatory meet on March 11 in London where deliberations on issues like liquidity crunch and reforms in international financial institutions are likely be taken up.
China's Ambassador to India Luo Zhaohui said the event was just the first step in Sino-India cooperation on Afghanistan and collaboration will deepen in future.
It would be futile to believe G-20's promises to rein in monetary and fiscal policies
This week's Group of 20 meeting already has a packed agenda: maintaining demand, repairing the global financial system and increasing the International Monetary Fund's resources.
The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.
We need to take special steps to provide resources to the developing countries.
Dr Singh told a galaxy of world leaders who attended the one-day summit on the global economic crisis that there was a need for a credible system of multilateral surveillance that can signal the emergence of imbalances.
Developing countries' coalition G-20 on Tuesday upped the stakes by circulating proposals to arrive at "balanced solutions" on some of the most difficult and unresolved issues of the Doha agriculture mandate.
During the two-day Summit in St Petersburg attended by the world's top leaders including US President Barack Obama and host Vladimir Putin, Singh declared that India has been affected by currency volatility in the past few weeks and was taking steps to finance the current account deficit in an environment that is seen to be friendly for stable foreign capital flows.
Commerce and Industry Minister Kamal Nath left for Geneva on Wednesday to attend a meeting of the G-20 alliance which will make renewed efforts to work out a global trade deal on the Doha Round of WTO negotiations.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
Arvind Panagariya, sherpa for India at the summit, tweeted about the "interaction".
The G20 in 2013 had unanimously agreed to a 15 point action plan to check BEPS
On the issue of exchange rates, the summit reiterated the wording agreed in the meeting of the G20 finance ministers and central bank governors a few weeks earlier - a commitment to "moving toward more market-determined exchange rate systems, enhancing exchange rate flexibility to reflect underlying economic fundamentals, and refraining from competitive devaluation of currencies.
India also spoke against talk of putting a cap on current account balance.
"Hello Hangzhou! PM lands in China to attend the G20 Summit," Modi tweeted.
US hopes to learn from these innovative and dynamic programmes in India.
India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.
Ivanka, who accompanied her father on the second day of the G-20 summit at a session about Africa, Migration and Health later replaced him as the leader left for bilateral meetings.
The G-20 countries on Monday called for striking a balance between stimulus measures to sustain economic expansion and reducing fiscal deficit to tackle the mess of government finances.
Canadian Prime Minister Stephen Harper had a telephonic conversation with his Indian counterpart Dr Manmohan Singh on Monday morning about preparations and priorities for the Toronto G20 Summit to be held at the Metro Toronto Convention Center on June 26-27.
With only 50 days left for the G-20 Seoul Summit, Korea is making conscientious efforts to gather a consensus in putting development as one of the major topics for discussion.
Modi will participate in the first-ever trilateral meeting between Japan, America and India and the 2nd Russia, India China trilateral, which is taking place after an interval of 12 years, on Friday.
An independent Task Force on Friday asked the G-20 nations to recognise publicly that the flow of illicit money out of poor countries, facilitated by the global shadow financial system, cripples the ability of these countries to work their way out of poverty.
The G-20 leaders will meet on June 25-26 at the Metro Toronto Convention Center, their theme this year being Recovery and New Beginnings.
The G-20 finance ministers are scheduled to discuss a report from the Organisation for Economic Co-Operation and Development which recommends, among other things, use of Tax Information Exchange Agreements to force tax havens to share information with a minimum of 12 countries.
Though the countries are lowering international trade restrictions, there is still fear that they may resort to policies that discriminate foreign investors due to weak economic recovery.
This week's G20 summit is in danger of over-promising and under-delivering - but it is still worth watching for any initiatives to kick-start global trade, says Julian Jessop at Capital Economics.
Soon after Prime Minister Modi's assertion, the G20 countries also came down heavily on terrorism.
Seeking to reform the failed regulatory systems and put an end to "bubble and bust economy", US President Barack Obama said that G-20 has rejected protectionism and America was also dedicated to forging consensus rather than dictating its own terms.
The current Euro-Atlantic Monetary Fund must become an International Monetary Fund.
Prime Minister Narendra Modi has held talks with Ukrainian President Volodymyr Zelenskyy and reiterated India's commitment for an early resolution of the conflict in Ukraine and the restoration of peace and stability in the region.
Welcoming Obama's financial sector reform proposals, German finance minister Wolfgang Schaeuble said on Sunday he plans to convene a meeting of the G-20 finance ministers in Berlin ahead of the G-20 summit in Canada in June.
The White House readout of the call had no reference to Bangladesh, which was mentioned in an 'X' post by PM Modi.
Geithner said during their discussions this week, in Singapore and China, US President Barack Obama emphasised that the US and China must be at the centre of efforts to put the global economy on a more sustainable and balanced growth path.
Voicing concern over the global recession, G-20 Finance Ministers have asked their central banks to adopt aggressive and unconventional monetary policies to ensure price stability and restore growth.
India's Finance Minister Pranab Mukherjee will arrive in London on Thursday to participate in the two-day G20 Finance Ministers' and Bank Governors' meeting commencing on Friday to discuss the financial crisis.
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