'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
Chinese Foreign Minister Wang Yi has called on India to implement the consensus reached by Prime Ministers Narendra Modi and Xi Jinping at their summit in Russia, urging a restart of bilateral ties. Wang emphasized the importance of respecting each other's core interests, enhancing mutual trust, handling differences effectively, and bringing the relationship back on track. He suggested practical steps such as resuming flights, easing visa procedures, and planning commemorative activities for the 75th anniversary of diplomatic relations. Wang also highlighted the shared interests and opportunities for cooperation between the two countries, advocating for mutual development and strengthening coordination in international affairs.
The Ministry of External Affairs (MEA) has announced that India and China have reached an understanding to resume the Kailash Mansarovar Yatra in 2025. While an understanding has been reached, the modalities of the pilgrimage are yet to be firmed up. The Yatra has been suspended since 2020 due to the COVID-19 outbreak and non-renewal of Yatra arrangements by the Chinese side.
'Decline of the UN did not start with the Trump administration. It has been happening over the last two decades or more.'
From United States President Donald Trump and Russian President Vladimir Putin, Modi met them all.
Addressing the G20 side event on 'Safeguarding the Planet', Modi said India is not only meeting its Paris Agreement targets, but also exceeding them.
Rather, cold reactions are expected considering the contentious issues the US is bound to raise -- Taiwan, human rights, and North Korea.
The US ended up abstaining from the vote for its own resolution at the General Assembly after several amendments were passed ahead of the vote to strengthen the language against Russia and reaffirm Ukraine's territorial integrity.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
The Hub will contribute to developing a knowledge-sharing platform and network between govts, the private sector, development banks and other international organisations
Modi said the world today listens to India, which not only presents its own views strongly but also those of the Global South.
'If you compare the data from 2017 and 2023 of the US imports from the world and China, you will see that the US was a complete loser in the trade war, and China was a complete gainer.'
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
The G-20 meeting of the Finance Ministers and central bank governors beginning July 19 will also be attended by RBI Governor D Subbarao and Deputy Governor Urjit Patel.
Former Union minister Suresh Prabhu would be India's Sherpa at the 14th meeting of the world's top economies in Osaka, Japan.
The G-20's new-found importance should be used to challenge North Atlantic hegemony.
Union Home Minister Amit Shah has asserted that the Narendra Modi government has "almost all" completed its ideological tasks, including the abrogation of Article 370, and will continue on the same path in its third tenure. Shah, a senior BJP leader, was speaking at the Hindu Spiritual & Service Fair in Gujarat, where he highlighted the government's achievements in areas such as the Ram Temple construction, abolition of triple talaq, and the implementation of the Uniform Civil Code (UCC) in Uttarakhand. He also emphasized the government's success in promoting Yoga internationally and repatriating stolen idols of Hindu deities. Shah lauded Hindu temples and organizations for their service to society, especially their contributions to education and healthcare for the poor.
Trump announced that India and the US agreed to work together to build the India-Middle East-Europe Economic Corridor (IMEC) and called it one of the greatest trade routes. He said that the route will operate from Israel to Italy and onward to the US.
Posing a series of questions to the prime minister, Congress general secretary in-charge communications Jairam Ramesh also asked if Modi would convey to the US president that India would send its own aircraft -- like Venezuela and Colombia did -- to bring back Indian deportees in the future.
Modi, who came to Hangzhou from his first visit to Vietnam, met Xi and held talks on a host of issues including bilateral tensions between the two countries over a raft issues.
Decisions at a G20 meet are not added to the UN climate negotiations.
User protection and a proposal for a licensing framework for companies seeking to operate in the cryptocurrency area will be part of an upcoming consultation paper on the sector, said a senior industry executive. Even as specific regulations around crypto are yet to take shape, companies are setting up baseline user protection processes, including a redressal mechanism, fraud detection, regular filing of suspicious transaction reports (STRs), among others.
The G20 leaders resolved to facilitate swift and targeted exchanges of information between intelligence, law enforcement and judicial authorities on operational information-sharing, preventive measures and criminal justice response.
Pointing out that global economy continues to vulnerable, the declaration issued at the end of the two-day G-20 summit in Los Cabos said, "this effort (to provide $450 billion to the IMF) shows the G-20 and the international community's commitment to take the steps needed to safeguard global financial stability and enhance the IMF's role in crisis prevention and resolution."
Trump has made clear his intention to mediate a resolution between the two nations, emphasising the need for a swift de-escalation of violence.
The upcoming G-20 Summit in London is the first major international exposure of Barack Obama as the US President, wherein he is likely to discuss with the leaders the ways and means to counter the global economic crisis.
India said that "a range of issues" were discussed by the two leaders.
In a statement, the Chinese ministry of commerce said that it would file a lawsuit with the World Trade Organisation against the US for its "wrongful practice," the Global Times reported.
Prime Minister Manmohan Singh on Saturday left for a eight-day tour of Mexico and Brazil to attend the G-20 and Rio+20 summits.
The two sides held discussions on enhancing investment in technology, renewable energy and food security.
India and the US are engaged in Geneva, the WTO headquarters, to sort out the food stockpiling issue and end the stalemate.
India first raised the presence of organised crime in Canada but the issue was ignored because of a permissive atmosphere for a long time, External Affairs Minister S Jaishankar said on Saturday, rejecting the targeting of its high commissioner and diplomats by the Trudeau government.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
G20 summit noticeably lacked in responses to illicit financial flows, one of the largest drags on development worldwide
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries.
