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 G-20's new-found importance should be used to challenge North Atlantic hegemony.
Capital flows have become much more skittish and volatile during this period, with short-term horizons dominating allocations.
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 prime minister said he would convey India's interest in seeing the earliest possible return to trend growth and stabilisation of the banking and financial sectors in the advanced economies, because this directly affects its exports, capital inflows and investment.
India would like the upcoming G-20 Summit to discuss on ways to prevent regulatory failures that led to the economic crisis from recurring.
Prime Minister Manmohan Singh has not yet firmed up any bilateral or pull-aside meetings with South African President Jacob Zuma during the two-day G-20 Summit at Pittsburgh, but officials accompanying him have not ruled out such a possibility.
As one surveys the changing face of mulilateralsim today, we see mutation and multiplication. The underlying reality is that the world is multipolar and with more poles, you tend to get more constellations.
Indian government officials declined to comment on whether India had fallen in line with the US prescription, which was likely to be made part of the G-20 declaration at the end of the Summit that began in Pittsburgh on Friday.
India will seek continuance of the stimulus package that was devised to get the global economy out of the worst crisis since the Great Depression of the 1930s at the G-20 Summit in Pittsburgh on Friday pitching at the same time strongly against any attempts at protectionism and advocating reforms of the international financial institutions.
Obama, a great admirer of the Prime Minister, is expected to informally meet with Manmohan Singh during the two-day summit on September 24 and 25, authoritative administrative sources told PTI.
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.
Prime Minister Manmohan Singh, who will turn 77 on September 26, will celebrate yet another birthday mid-air, on board the Air India One, like he did in 2004.Dr Singh will celebrate his birthday in his special aircraft or at Geneva, the flight's stop- over, while on his way back from the G20 summit in Pittsburgh, United States. Once the G-20 summit gets over, Dr Singh will have a quiet family get-together on the eve of his birthday.
Shyam Saran, Prime Minister Manmohan Singh's special envoy on climate change, who is in Pittsburgh, declared several times why India can not accept any legal or quantifiable limits to carbon emissions. There are many social issues in India, he had explained.
News is already out that the Prime Minister Manmohan Singh's delegation has been pruned for his trip to Pittsburgh. The staff on Air India One, the prime minister's official aircraft, were reportedly given advance instructions to trim the contents on offer in the official menu. The staff did not serve expensive biscuits and eliminated caviar, but in a concession to the media accompanying the delegation, served all those on board the choicest of liquor en route to Frankfurt.
Prime Minister Dr Manmohan Singh spoke to mediapersons about a number of crucial issues after the G-20 Summit in Pittsburgh. Here is the transcript:
Prime Minister Manmohan Singh will be celebrating his 77 birthday in Geneva Switzerland on way to New Delhi after attending the G-20 summit at Pittsburgh in the United States. He is scheduled to leave in few hours from now.
'An estimated 90 million people in the developing world are likely to be pushed below the poverty line. Lower revenues will also lead to lower levels of expenditure on rural infrastructure, health and education. This will not only hurt future growth, but also delay achievement of the Millennium Development Goals.' Prime Minister Manmohan Singh's speech at the G-20 Summit in Pittsburgh, September 25.
Prime Minister Dr Manmohan Singh on Sunday underwent a routine medical check-up.Informed sources confirmed that such a medical check-up is a must before undertaking a foreign trip. Dr Singh is scheduled to visit Pittsburgh in the United States next week to attend the G-20 Summit hosted by US President Barack Obama. Media Advisor Harish Khare said Dr Singh's health was fine and he was attending to his work as usual.
Obama also said he would urge global powers to do more to 'aggressively reform' the financial system.
When Rinku Singh won the Million Dollar Arm show in 2008, the Indians' 'Great American Dream' of playing professional baseball became a reality and now the promoters of that very contest want Americans to realise the 'Great Indian Dream' of playing in cash-rich Indian Premier League T20 cricket tournament.
United States President Barack Obama has nominated Indian-American, Richard Rahul Verma, as the next US Ambassador to India, ahead of Prime Minister Narendra Modi's visit to Washington later this month.
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