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 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.
Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers. Bajaj Finance and Larsen & Toubro were the laggards.
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
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 take action against non-cooperative jurisdictions, including tax havens.
Hina Khan attended the G20 conference in Srinagar as a representative of the entertainment industry.
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.
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.
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.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
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.
"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.
'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.'
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.
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.
The big surprise is that Narendra Modi, the greatest conjurer in our national politics, has not yet presented a theme to this election, observes Shekhar Gupta.
The British prime minister, who is of Indian origin, has often emphasised his Hindu roots and said he is proud of it.
India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a $35 trillion economy by 2047, India's G-20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Sunday. "We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world. "And our aim is that by the time we turn 100 in 2047, India should be a $35 trillion economy," Kant said while addressing a session at Mumbai Tech Week (MTW) hosted by Tech Entrepreneurs Association Mumbai (TEAM).
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.
Rediff.com brings for you some behind-the-scenes moments from the G-20 summit
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.
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".
'The private sector believes that some enablers in labour-intensive sectors like apparel, toys, tourism, and media retail, can unlock a lot of jobs.'
In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
Prime Minister Narendra Modi on Friday said the Agnipath scheme is an example of necessary reforms undertaken by the Army and accused the opposition of playing politics over the recruitment process aimed at keeping the average age in armed forces young.
In his first visit to the valley after becoming the prime minister for the third consecutive term, Modi emphasised the importance of enabling the people of Jammu and Kashmir to elect their representatives for the assembly.
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.
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.
China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said.
Various options, including expanding the scope of some of the existing tools, were being considered to provide a financial safety net.
Mohan said bilaterally also, India is working with countries like the United States.
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 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.
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.
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 called business communities and governments to work together to ensure usage of ethical AI as "we have to sense the potential disruptions in different sectors. This problem has to be solved under the global framework."
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