India should be satisfied with the outcome of the recently concluded G20 summit in Toronto since its argument against a quick withdrawal of stimulus measures by developed nations had, to an extent, been accepted, according to US economic experts.
India would be a major beneficiary of softer oil prices among the G20 economies as the country is a major crude importer.
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
Top officials from the US department of labour, organisers of the event, said the innovative 100-day rural employment guarantee scheme has been successful beyond the expectations of almost every one.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
Prime Minister Narendra D Modi was rather selective about his famous hugs when he encountered his G20 guests at Bharat Mandapam on Saturday, September 9, 2023, morning.
The White House readout of the call had no reference to Bangladesh, which was mentioned in an 'X' post by PM Modi.
Prime Minister Narendra Modi on Thursday night left for Australia on the second leg of his three-nation tour during which he will attend the annual summit of the Group of 20 of the world's developed and emerging economies.
The Pittsburgh summit could determine the timing of a calibrated winding down of public spending, now that the signs of a global economic recovery are evident.
'To get a 100 per cent consensus document without any reservation, any bracket, any chair summary is unprecedented in the history of multilateral forums.'
To take action against non-cooperative jurisdictions, including tax havens.
China will take over from Germany the presidency of the Group of 20 and host the next meeting of the forum comprising most industrialised and main developing countries, including India.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
it's just a matter of time, the former army chief said in response to a question.
The G-20 leaders at their last meeting at London had asked Lamy to explore ways to improve the political engagements for resolving differences on the much-delayed Doha Round of negotiations, which were meant to culminate into a multilateral trade liberalising agreement in 2005.
India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.
Delhi wears an empty look as the capital police remain on high alert on the first day of the G20 Summit.
Before the Summit, US President Barack Obama did not favour the Chinese idea of a new global currency by pointing out that dollar is 'extraordinarily strong'.Obama had said, "The reason that the dollar is strong right now is because investors consider the US the strongest economy in the world, with the most stable political system in the world."
Concerned over protectionist steps taken by some countries in the wake of economic crisis, India will press the world's developed countries at the upcoming G-20 Summit to desist from trade barriers and ensure that flow of funds for development do not suffer.
Prime Minister Narendra Modi has held talks with Ukrainian President Volodymyr Zelenskyy and reiterated India's commitment for an early resolution of the conflict in Ukraine and the restoration of peace and stability in the region.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
Prime Minister Manmohan Singh is among the top world leaders who have been invited for the Second G20 Summit to be held in London in April, which will discuss ways and means to reinvigorate growth in the wake of the global economic crisis.
Defence Ministry spokesperson A Bharat Bhushan Babu said the DRDO never installed any helicopter model in Lucknow.
Prime Minister Narendra Modi is among 31 world leaders whose personal details were inadvertently compromised at the G20 summit held in Australia last year, a media report said on Monday.
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.
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.
Rediff.com brings for you some behind-the-scenes moments from the G-20 summit
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
In retrospect, it appeared that the bitterness of the war was still strong and the Ukrainian success in occupying Russian territory just a few days ago had added to the complexity of the situation. The positive US response to the visit, however, remains a silver lining in the dark clouds, notes Ambassador T P Sreenivasan.
On Tuesday, the current lot of G20 visitors toured three colonial landmarks in south Mumbai -- the BrihanMumbai Municipal Corporation's heritage building headquarters, the magnificent Gateway of India and the Taj Palace hotel.
India no longer needs big ticket reforms but small and basic ones to drive the growth forward, Chief Economic Advisor V Anantha Nageswaran said on Monday. Addressing the media after the Economic Survey 2023-24 presented in Parliament, Nageswaran said there is a need to pursue all possible approaches without any ideological orientation. "In terms of the kind of reforms that we need to do, it is no longer big-ticket reforms that dominate your front pages but more about grunt works.
From India's neighbourhood and extended neighbourhood, presidents of Sri Lanka, the Maldives, Iran, Seychelles and prime ministers of Nepal, Bangladesh, Bhutan, Myanmar, Mauritius have sent congratulatory greetings to Modi.
Canada on Monday said the earliest possible departure of Prime Minister Justin Trudeau and his delegation from the national capital is Tuesday late afternoon and that the country's armed forces are continuing with their best efforts to bring them back home.
Various options, including expanding the scope of some of the existing tools, were being considered to provide a financial safety net.
Modi said this is the time for peace and brotherhood, and time to move forward together.
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
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.
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'.
Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.
