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Shishir Joshipura, MD & CEO, Praj Industries, says “this initiative will create a pathway for us, a very-very constructive dialogue with several countries where it is possible for those countries to emulate what India did and actually benefit from that because biofuels have multifaceted benefits for the society. From the social angle, it creates jobs in rural areas, from the economic angle obviously it creates a lot of wealth in the country and for an energy importing country, it makes immense sense to produce your own energy.”The prime minister in the G20 Summit launched the Global Biofuel Alliance (GBA) and also invited all the other countries to join this particular initiative. How are you reading into this development?This is one of the most important developments that has taken place in recent times, inviting a global forum for biofuel alliance.

Brazil's leader withdrew on Monday his personal assurance that Russia President Vladimir Putin would not be arrested if he attends next year's G20 summit in Rio de Janeiro, saying it would be up to the judiciary to decide. Putin missed this year's gathering in the Indian capital New Delhi, avoiding possible political opprobrium and any risk of criminal detention under an International Criminal Court (ICC) warrant. Brazil is an ICC member but President Luiz Inacio Lula da Silva raised eyebrows at the weekend when he told Indian news network Firstpost: «If I'm the president of Brazil and if he comes to Brazil, there's no way that he will be arrested.» He changed tack on Monday, telling reporters: «I don't know if Brazil's justice will detain him.

Lula da Silva on Monday said that Brazil will put the inequality issue as the core issue during the G20 Summit under its Presidency and said it was a huge challenge for Brazil to take over the G20 presidency. «We will put inequality at the top: inequality of gender, race, education, health, poverty and hunger. The world needs balance,» the Brazilian President said addressing a press conference today after the conclusion of the two-day long G20 Summit in New Delhi on Sunday. «I'm one of the founder member of G20,» said Lula da Silva pointing out that an important meeting like the G20 showed the importance of the multipolar world. Prime Minister Narendra Modi on September 10 handed over the ceremonial gavel to Lula, intiating the process of transition of the President's chair for the next round of the G20 to be held in Brazil. «I would like to congratulate India for organising the Summit exceptionally well.

da Silva, on Monday expressed his wish for the Russia-Ukraine war to conclude and for a return to normalcy when the next G20 Summit in Brazil begins. As reported by ANI, Lula said, “I do not know the reason why President Putin and Xi Jinping did not participate here but I will invite them and I hope that they will come to Brazil and participate in the Summit. I hope that when we open the Summit in Brazil, the war has ended and we are back to normal times." Luna further added, “I would like to congratulate India for organising the Summit exceptionally well.

Fumio Kishida on Sunday stated that the New Declaration from the G20 Summit was significant as all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» Addressing a press meet at the end of G2O Summit, Kishida said it was «significant» that all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» However, he did not get into the specifics of the language of New Declaration whose formulation on Ukraine had a marked difference from the Bali formulation as it did not mention Russia by name. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant Kishida said, «Many countries already viewed the process of discharge as safe and transparent. I feel now that such understanding has spread further.” Meanwhile, PM Narendra Modi and Brazil President Luiz Inácio Lula da Silva held a substantive dialogue here on Sunday and underscored the need for open, unimpeded and reliable food supply chains and called upon the international community to ensure that agricultural trade is not affected by unilateral restrictions and protectionist measures, duly taking into consideration the Multilateral trade rules. The two leaders expressed satisfaction over the formation of Joint Technical Committees to facilitate trade in agriculture and animal husbandry products, officials said. Modi and Lula agreed that economic exchanges between Brazil and India have the potential for further growth, taking advantage of the scale of their respective economies and the potential for forging industrial partnerships.

UK lawyers behind a $70 billion class action against BHP over the Samarco mine disaster will lobby Australian politicians, super funds and investors this week ahead of a major shareholder meeting for the mining giant.

G20 Summit drew to a close. The two day event involving the world's biggest economies was hosted in New Delhi amid an increasingly convoluted geopolitical landscape. Indeed the successful adoption of the G20 Leaders' Declaration has been dubbed a ‘coup’ for host PM Modi.

Startup20 engagement group, which was launched under India’s presidency, will continue under the next presidency, according to the G20 leaders’ declaration in New Delhi. Stakeholders in the startup system welcomed the move, saying group will work on implementing the recommendations made over the next few years. “We recognise that startups and MSMEs are natural engines of growth. They are key to socio-economic transformation by driving innovation and creating employment. We welcome the establishment of the Startup20 Engagement Group during India’s G20 presidency and its continuation,” the declaration said. The engagement group had formed three task forces under it—foundation and alliances, finance, and inclusion and sustainability—and was chaired by Chintan Vaishnav, mission director of Niti Aayog’s flagship entrepreneurship initiative, Atal Innovation Mission. Peak XV Partners MD Rajan Anandan, who was also the cochair of the finance taskforce, said one of the most significant recommendations is that every G20 nation should invest 1% of their GDP into startups by 2030.

Narendra Modi on Sunday urged world leaders assembled at the G20 leaders’ summit to make global structures, including the UN Security Council, reflective of current realities. Speaking at a summit session, Modi made India’s claim for permanent membership of the UNSC unambiguous and cautioned that it is a natural law that individuals and institutions that do not adapt to change tend to lose their relevance over time.

By Katya Golubkova, Michel Rose and Manoj Kumar

(Reuters) — The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.

Japanese PM Fumio Kishida on Sunday said the New Delhi Declaration was significant as all members, including Russia, agreed that «states must refrain from the threat or use of force to seek territorial acquisition». However, he did not get into the specifics of the language of declaration. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant, he said, «Many countries already viewed the process of discharge as safe and transparent.

G20 agreed to the creation of a working group on the empowerment of women to support the G20 women's ministerial panel which will convene its first meeting during Brazil's presidency of the bloc.

Ukraine conflict is a «convergent consensus» rather than a «divisive consensus» and it could show a path to resolution of the crisis, official sources said on Sunday, a day after India pulled of a breakthrough on the contentious issue. It was a combination of Prime Minister Narendra Modi's guarantee and magic, the sources said while referring to total unanimity among the member nation's on the entire New Delhi G20 Leaders' Declaration. India managed to hammer out the unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration. It is important to look at the nature of the consensus with the document as the declaration actually reflects «47 sub-consensus» in a range of issues, the sources said. Explaining it, they said the declaration has around 10 broad themes and 37 sub-heads and all the countries agreed on all of them. Overall, the outcome at the G20 summit demonstrated India and its leadership as a «junction box of democratic values», the sources said. The paragraphs on the Ukraine conflict in the New Delhi declaration must not be looked at from the perspective of last year's Bali declaration, they said. «It is a convergent consensus rather than a divisive consensus,» said one of the sources, noting that the approach that featured in the declaration reflected a «stable» framework to deal with the crisis while divisive consensus is always «fragile». «The story of the consensus is a remarkable one and the overall approach in the document reflected a larger context.

Manchester United winger Antony has opted to delay his return to the club, citing the need to «address allegations» of assault lodged against him. The 23-year-old was originally scheduled to resume training with the club on Monday but has decided to defer his return until further notice.

India and Brazil on Sunday agreed to work together for the expansion of India-Mercosur preferential trade agreement (PTA) to further promote economic ties, an official statement said. Mercosur is a trading bloc in Latin America, comprising Brazil, Argentina, Uruguay and Paraguay. The issue came up for discussion during the meeting of Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva here at the sidelines of the G20 Summit. «Expressing satisfaction over the growing trade between India and Mercosur, both leaders agreed to work together for the expansion of India-Mercosur PTA during Brazil's Mercosur Presidency, to leverage the full potential of this economic partnership,» a joint statement issued after the meeting said. The two countries also welcomed the establishment of the India-Brazil Business Forum as a dedicated platform for private-sector collaboration. «The leaders noted with satisfaction the conclusion of domestic procedures for the entry into force of the India-Brazil Social Security Agreement,» it added. India-Mercosur preferential trade agreement (PTA) came into effect on June 1, 2009. In such agreements, two countries reduce or eliminate customs duties on a limited number of goods agreed between them.

G20 Summit, sharing working space at the International Media Centre for the last three days made them experience the spirt of «one family». From September 8-10, scribes and camerapersons from Italy to Singapore and Turkiye to Brazil worked from the facility at the newly built Bharat Mandapam — the summit's venue. In between work, they chatted over cups of coffee and Indian meals, and also learned about cultures of different countries from each other. «The G20 theme is 'one world, one family, one future', and all of us have been working with one aim in one space, under one roof.

Global Financial Crisis to precipitate ponderous deliberations into precipitate, coordinated action, such as infusion of liquidity, provision of swap lines to provide emergency access to foreign currency, institution of elevated capital adequacy norms for banks and extra, loss-absorbing buffers of capital for globally systemically important financial institutions, accompanied by periodic stress tests by banking regulators. The world does not face that kind of a crisis.

New Delhi: India’s presidency of G20 or the Group of 20 has been able to bring all member countries to the table on the issue of war in Ukraine and brought to the fore the voice of the emerging markets as moderators, said foreign policy experts, highlighting the country's heritage as the voice of reason. The New Delhi Declaration issued on the first day of the two-day G20 Summit set the direction of future negotiations on important economic issues including climate financing which has for the first time put $5.9 trillion number to the green financing requirements for developing countries, reforms in multilateral banks, international taxation and sustainable development.

Narendra Modi on Sunday urged world leaders at the G20 leaders' summit to make global structure, including the UN Security Council, reflective of current realities. Speaking at a summit session, Modi staked a claim for India’s permanent membership at the UNSC and cautioned that individuals and institutions that do not adapt to change lose their relevance over time. The five permanent UN members with veto power in the organisation are the United States, the United Kingdom, France, Russia and China.

Narendra Modi called an end Sunday to the G20 summit in New Delhi by passing on a ceremonial gavel to Brazil, which will take the bloc's presidency, according to a report published by the news agency AFP. "I want to congratulate Brazil's president and my friend Lula da Silva, and hand over the presidency's gavel to him," the PM said. He offered best wishes to Brazil for the presidency.