Reaffirming the central role of the Group of 20 member nations in combatting and neutralising the impact of the global fiscal crisis, leaders of Brazil, Russia, India and China (BRIC) on Thursday said the grouping is the right forum for resolving the crisis.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
'To get a 100 per cent consensus document without any reservation, any bracket, any chair summary is unprecedented in the history of multilateral forums.'
The Group of 20 nations has welcomed the strategies by member countries to phase out oil subsidies -- a bold move followed by India that only on June 25 raised petrol, diesel and cooking fuel prices.
Fed stimulus withdrawal eyed, clarity sought from China
The visit of Prime Minister Manmohan Singh worked. On conclusion of his short trip to Pittsburgh to attend the G-20 summit, he was in upbeat mood.
it's just a matter of time, the former army chief said in response to a question.
The unease in India-Canada ties was on display when Prime Minister Narendra Modi on Monday responded to a congratulatory message from his Canadian counterpart Justin Trudeau and said New Delhi looks forward to working with Ottawa based on mutual understanding and respect for 'each other's concerns'.
Delhi wears an empty look as the capital police remain on high alert on the first day of the G20 Summit.
Mukherjee advised European and American policymakers to follow regulatory mechanism on the lines of the Indian banking system.
US President Barack Obama on Tuesday called up Prime Minister Narendra Modi to greet him on Diwali and they agreed to meet in Turkey on the sidelines of the G20 Summit to be held early next week.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
Prime Minister Manmohan Singh has urged the G20 nations to send a strong message to control the 'serious problems' of tax evasion and illicit flows that have grave bearing on the developing nations' future.
The United States will host the next G-20 Summit on September 24 and 25 in Pittsburgh, Pennsylvania, in which global powers, including India, will participate, the White House announced on Friday.
The new French President Francois Hollande has pledged to continue France's strategic partnership with India with same vigour as his predecessors Jacques Chirac and Nikolas Sarkozy who belonged to rival parties.
The first-ever meeting of Labour Ministers from G-20 countries, including India, that began here on Wednesday has stressed on the need to create new jobs and preservation of the existing ones as the working class across the globe are among most hit by the current global economic crisis.
The other key issues to be taken up at the summit, which is expected to be attended by Prime Minister Narendra Modi, will include raising the global GDP by an additional 2 per cent in the next five years and boosting infrastructure sector funding.
India too will advocate the IMF quote reforms at the two-day meeting of G20 Finance Ministers and Central Bank Governors beginning Saturday.
Observing that the world is at a crossroads now as it faces the greatest economic crisis in 60 years, the IMF managing director Dominique Strauss-Kahn said at a news conference that the G-20 leaders have the opportunity to spur a recovery next year if they take the right action.
Addressing a news conference after discussions with experts on the financial crisis, Merkel spoke of her determination to work for an agreement on more stringent regulation of financial markets and to prevent financial institutions from 'blackmailing' the state.
India on Tuesday told the UN General Assembly that the days when a few nations set the agenda and expected others to fall in line are over, underlining that its presidency of the G20 sought to focus on key concerns of the many, not just the narrow interests of a few.
Prime Minister Narendra Modi and US President Joe Biden are set to hold bilateral talks on Friday evening with a focus on further solidifying the India-US comprehensive global and strategic partnership.
The first of such demonstrations will be held on Saturday. It has been organised by an alliance of more than 150 unions, environment and faith groups under an umbrella calling itself Put People First.
Reports (not denied by India) that the USA had 'for the first time provided real-time details to their Indian counterparts on the Chinese positions and force strength in advance of a PLA incursion' into Tawang at the LAC in December 2022, helping India thwart China's expansionist designs, show how operationally effective the USA-India friendship has become on the ground. A engaging excerpt from Sreeram Chaulia's must-read new book, Friends: India's Closest Strategic Partners.
'In terms of incentives, if you think about it, hybrids are a 20-year-old technology.'
The G20 summit has failed to heal the rift over US plans for military action against the embattled Syrian regime, as American President Barack Obama and his Russian counterpart Vladimir Putin could not reach consensus on Friday during "candid and constructive" talks.
'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'
Stating that the global financial crisis threatens the livelihoods of nearly 1.4 billion people globally, a United Nations agency has asked the G-20 leaders to commit themselves to save the world poor from the adverse impact of the downturn.
'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'
Development issues of vital interest to India are expected to receive focused attention at the G20 Summit beginning in Cannes on Wednesday, a Ficci Paper on the B20 Working Group on Development said.
India would like the upcoming G-20 Summit to discuss on ways to prevent regulatory failures that led to the economic crisis from recurring.
PM Modi went to New York this time not to engage in polemics, but to find solutions to global problems. He made some progress on several matters, even on reform of the UN Security Council, when the US made a major concession for the first time that six permanent members without veto, including India, could be considered
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
New Delhi has reached out to Moscow while waiting for a new president in Washington. New Delhi knows well that in international relations, there are no permanent friends or foes, only permanent national interests, points out Dr Rup Narayan Das.
One person died after he collapsed during demonstrations against the G-20 summit in London, as security officials vowed to prosecute protestors who broke into a branch of the Royal Bank of Scotland. The man died after he collapsed at the scene of protests near the Bank of England. A protester called the police after they saw the man collapse and stop breathing. Two police medics broke through the cordon and carried the man to a clear area.
Except for China's leaders, few others have any capital or standing to make a difference. Not Manmohan Singh or George Brown, both on the way out. But Manmohan Singh would typically read being there as India coming of age under his stewardship. The only good news for us is that our elections are around the corner.
