External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.
Modi's emphasises on transit for trade comes amid Pakistan's reluctance to provide such a facility for two-way trade between India and Pakistan.
India's growth is "firming up" while most of the major economies, including China and the US, are seeing stable momentum.
So far the coronavirus, which originated in the Chinese city of Wuhan, has infected more than 54 million people around the world and killed over 1.3 million others.
The phone conversation came days after it emerged that Modi will not be travelling to Russia for the annual India-Russia summit this year.
Leaders from the seven-nation Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation on Tuesday vowed to jointly combat the growing threat of terrorism, transnational crimes and drug trafficking and agreed to intensify efforts to enhance connectivity and cooperation in areas like trade, energy and environment.
Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
The external affairs minister reiterated India's position on Afghanistan and highlighted its humanitarian support to the war-torn country, including the supply of wheat, medicines, vaccines and clothing.
In August, the top BRICS leaders at the grouping's summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1.
The OECD is a club of developing countries and has been playing a key role in reforming the international taxation system.
At present, India is only a member of various committees of the 34-member organisation.
He reaffirmed India's resolve to fight terrorism in all its forms and manifestations and said peace and prosperity cannot coexist with terrorism, in remarks seen as directed at Pakistan.
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
A feature of this year's BRICS summit was economic cooperation.
Lou also spoke about China's tensions with neighbouring countries without directly mentioning the eastern Ladakh border standoff with India since May 2020 which resulted in the Galwan Valley clash in June of that year.
National Security Advisor Ajit Doval has pitched for an 'action plan' against Pakistan-based terror groups Lashkar-e-Tayiba and Jaish-e-Mohammed under the framework of eight-nation grouping Shanghai Cooperation Organisation (SCO) and called for expeditiously bringing the perpetrators of terror attacks to justice.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Get more people working, get more people working in modern manufacturing and services in our cities, and get people working better and longer, suggests Naushad Forbes, past president, CII.
The Air Chief Marshal also said that India's rise in the Global South marks a "pivotal point" in international affairs.
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.
Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors including engineering, gems and jewellery and may have implications on India's exports in case the global situation does not improve in coming months. Global inflation, Russia-Ukraine war, simmering China-Taiwan crisis and supply disruptions are hurting economic growth worldwide, leading to poor demand, experts say. The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, according to the World Trade Organization forecast, released in April.
The declaration said the SCO leaders reaffirmed their commitment to peaceful settlement of disagreements and disputes between countries through dialogue and consultations.
Economic activities in Japan were expected to get a boost in 2012 due to extensive reconstruction works.
With emerging economies facing the possibility of "abrupt slowdowns", India's Gross Domestic Product growth rate could slip to as low as 4.3 per cent in 2009, said the OECD.
The migration of people to developed countries fell in the wake of the global economic crisis, as many of these nations saw lower demand for labour, according to the OECD.
OECD wants India to reduce trade and FDI barriers, and issue more banking licences.
In his Budget speech, Finance Minister Pranab Mukherjee had pegged economic growth for 2011-12 at 9 per cent.
National Security Advisor Ajit Doval on Wednesday said that the Shanghai Cooperation Organisation members should respect the sovereignty and territorial integrity and seek no unilateral military superiority in adjacent areas.
The agreement, convention on mutual administrative assistance in tax matters, is a multilateral agreement of 31 other nations.
A wealthy and powerful country like the United States fails to make it to the top 10.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
Black money is difficult to deal with.
Black money is difficult to deal with.
As many as 45.5 million people were unemployed in September in the OECD region, a grouping of mostly developed nations.
In its set of recommendations, the China Committee said that economic sanctions against China in case of an attack on Taiwan will be most effective if key allies such as G7, NATO, NATO+5, and Quad members join, and negotiating a joint response and broadcasting this message publicly have the added benefit of enhancing deterrence.
The observations are based on the grouping's latest composite leading indicators released on Monday, that provide early signals of turning points with regard to economic expansion and slowdown.
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
According to the Organisation for Economic Cooperation and Development's latest Economic Outlook, India's growth rate is likely to slow to 7.1 per cent in 2012 from 7.3 per cent in 2011, but would inch up to 7.7 per cent in 2013.
Supporting the Finance Ministry's view that tax exemptions to the developers and units in SEZs are a drain on economy, the Organisation of Economic Cooperation and Development has asked the government to review tax exemptions in these areas.
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