The summit in Korea, Ahluwalia pointed out, was the first to be held in a newly developed nation, as well as in Asia, home to many emerging nations. With the financial crisis that necessitated the meeting of minds in 2008 a thing of the past, Korea is keen to bring development to the forefront.
Commenting that running a country is not a play for those born with a golden spoon, Modi said, "They have gone from Amethi and will go even from Rae Bareli."
Prime Minister Narendra Modi on Friday identified agriculture, education and health as three sectors where he believes technology can play a big role, and highlighted efforts of his government.
On Wednesday, Mukherjee addressed two press conferences at the International Monetary Fund.
Discussing the issue threadbare, the leaders of the developed and fast developing economies declared that though the financial sector should make a fair and substantial contribution towards paying for any bailouts, policy should take into account each nation's 'circumstances and options.'
Father Dias met Biden during a 30-minute holy communion service for the US president at a hotel where he was staying in New Delhi on Saturday, ahead of the G20 summit.
"Our position on the entire Union territory of Jammu and Kashmir being an integral part of India is well known. We would urge the international community to respect our sovereignty and territorial integrity," Bagchi said when asked about Blome's visit.
Although as per the IMF-OECD estimates, an incremental growth of 1.8 per cent in global GDP is achievable
Former Reserve Bank Governor Raghuram Rajan said India will still remain a lower middle country if the potential growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. Speaking at a programme organised by Manthanon on Saturday, the economist said if the country does not grow faster, it will grow older (demographically) before it gets richer, which means there is the burden of an aging population to deal with also at that point. Rajan said the GDP growth in India for the past two quarters was in the region of 7.5 per cent and if one looks at the labor force participation, it is very low and when it comes to female participation, "it is the lowest in the G20".
Recognising the risk of economic slowdown and weakening trade posed by protectionism, the G-20 has decided to extend until the end of 2016 its standstill commitment to further progress in removing barriers and impediments to global trade and investment. In a 27-page declaration adopted at the end of the two-day Summit in Moscow, the group of 20 industrialised and major emerging economies also reaffirmed its commitment to roll back new protectionist measures. "With these commitments, we stress the importance of further curbing protectionism through the WTO," the G-20 Leaders' Declaration said. The G-20 called on all WTO members to show the necessary flexibilities to bridge existing gaps and deliver positive and balanced results at ninth WTO ministerial conference in Bali in December on trade facilitation and some elements of agriculture and development issues. "This would be a stepping stone to further multilateral trade liberalisation and progress in Doha Development Agenda negotiations, providing new confidence in successful post-Bali negotiations," the declaration said. The declaration committed itself to cooperate to ensure that policies implemented to support domestic growth also support global growth and financial stability and to manage their spillovers other countries. The Summit also shared Prime Minister Manmohan Singh's views on the need for orderly exit from the monetary stimulus undertaken in the context of 2008 economic crisis. "In the five years since we first met, coordinated action by the G-20 has been critical to tackling the financial crisis and putting the world economy on a path to recovery. "But our work is not yet complete and we agreed that it remains critical for G-20 countries to focus all our joint efforts on engineering a durable exit from the longest and most protracted crisis in modern history," the declaration said. It noted that the most urgent need is to increase the momentum of the global recovery, generate higher growth and better jobs while strengthening the foundations for long term growth and avoiding policies that could cause the recovery to falter or promote growth at other countries' expense.
'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'
Akhilesh Yadav replaced his nephew Tej Pratap Yadav and decided to contest the Kannauj seat himself.
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.
Fed stimulus withdrawal eyed, clarity sought from China
Hina Khan attended the G20 conference in Srinagar as a representative of the entertainment industry.
The British prime minister, who is of Indian origin, has often emphasised his Hindu roots and said he is proud of it.
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.
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.
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.
US President Biden was invited to the Republic Day celebrations by Prime Minister Modi during the bilateral meeting on the sidelines of the G20 summit, Garcetti said.
Rishi Sunak arrived in India for the first time after he took charge as the United Kingdom's prime minister on Friday, September 8, 2023.
Foreign policy is always a work in progress and ups and downs are built into foreign policy process. What is permanent is national interest. Hopefully, this year, which will also witness general elections in the country, will also clear clouds in the foreign policy horizon, observes Rup Narayan Das.
Mukherjee advised European and American policymakers to follow regulatory mechanism on the lines of the Indian banking system.
The ties between India and Canada came under severe strain following Trudeau's allegations on September 18 of a 'potential' involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar on June 18 in British Columbia.
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 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.
In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."
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 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.
In the first 100 days of the next government, the ministry of skill development and entrepreneurship (MSDE) is planning to introduce new-age courses to suit the changing industry needs. It is set to standardise skilling courses to facilitate easier migration of workers and introduce counselling and mentorship on the Skill India Digital Hub (SIDH) portal. On Sunday, Prime Minister Narendra Modi - during a Cabinet meeting - was reported to have instructed his ministers to draft roadmaps for the first 100 days and next five years of the next government.
India too will advocate the IMF quote reforms at the two-day meeting of G20 Finance Ministers and Central Bank Governors beginning Saturday.
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.
Finance Minister Nirmala Sitharaman on Thursday said projects for port connectivity, tourism infrastructure and amenities will be taken up 'on our islands, including Lakshadweep' to address the 'emerging fervour' for domestic tourism in the country.
United States President Joe Biden and Prime Minister Narendra Modi are expected to make meaningful advancements on the GE jet engine deal and civil nuclear technology during their bilateral talks, National Security Advisor Jake Sullivan was cited in a Reuters report.
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.
Prime Minister Narendra Modi on Sunday called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society. Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances