City New Delhi Financial News
08.09 / 18:31
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UK to help alleviate impact of Black Sea grain deal collapse
New Delhi: UK prime minister Rishi Sunak, who is attending the G20 Leaders’ Summit in India, will announce measures to alleviate the impact of the Russian blockade of Ukrainian grain supplies that has caused a global spike in food prices. “Once again, (Russian president) Vladimir Putin is failing to show his face at the G20.
08.09 / 18:01
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India, Bangladesh sign MoU on smoother cross-border payment transactions
Bangladesh on Friday following dialogue between their Prime Ministers signed three MoUs including one between NPCI International Payments Limited and Bangladesh Bank to enhance commercial ties. MoU between Indian Council for Agricultural Research (ICAR) and Bangladesh Agricultural Research Council (BARC) on cooperation in agricultural research and education envisages exchange of scientists, scientific equipments, scientific literature,germplasm and breeding material, sources said. The MoU will be implemented through development of biennial Work Plans to be developed jointly. It also envisages setting up of a Joint Working Group from both countries that will meet once in two years in New Delhi and Dhaka. There was a renewal of MoU on Cultural Exchange Program (CEP) for 2023-2025.
08.09 / 18:01
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India, US friendship will continue to play great role in furthering global good: PM Narendra Modi after talks with Joe Biden
Narendra Modi held talks with US President Joe Biden on Friday to further economic and people-to-people bilateral linkages, asserting that the ties between the two countries will continue to play a great role in furthering global good. Biden arrived in New Delhi on a three-day visit to participate in the G20 Leaders' Summit to be chaired by Prime Minister Modi. This is Biden's first visit to India as the US president. In a post on X, Modi said, «Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg.
08.09 / 16:27
08.09 / 15:23
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G20 Summit: PM Narendra Modi holds bilateral talks with US President Joe Biden
Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).
08.09 / 15:23
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G20 first spouses to sample India's agricultural breakthroughs at Pusa Institute
New Delhi: The Union agriculture ministry will organize a two-day special visit to the Indian Agricultural Research Institute (IARI) in Pusa, New Delhi, by the spouses of G20 leaders during 9-10 September. The visit aims to spotlight India's advancements in agricultural research and technology.
08.09 / 15:23
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Centre notifies third phase of mandatory hallmarking of gold jewellery, artefacts
New Delhi: The central government on Friday notified the third phase of mandatory hallmarking of gold jewellery and artefacts, which will cover an additional 55 districts, taking the total number of districts covered under mandatory hallmarking at 343 across the country. "The third phase of the mandatory hallmarking will cover additional 55 new districts under the mandatory hallmarking system, wherein a hallmarking centre has been setup post implementation of the second phase of the mandatory hallmarking order thereby making the total number of districts covered under mandatory hallmarking as 343," Ministry of Consumer Affairs, Food & Public Distribution said in a statement.
08.09 / 14:35
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'UK-India trade deal not a given…': What Rishi Sunak said ahead of G20 Summit
trade deal, but it's not a given. These things are a lot of work and a lot of time. We need to end up with something that works genuinely for both sides," Mirror quoted him as saying while enroute to India.
08.09 / 14:35
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G20 Summit: “We cannot go on like this,” pleads UN Secretary-General
climate change and sustainable development goals, even as he acknowledged the geopolitical divisions hurting the grouping. Guterres welcomed India’s slogan for the G20: ‘One Earth, One Family, One Future’. However, he wryly noted, the world wasn’t living up to that promise.
08.09 / 14:17
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Global family 'dysfunctional', UN chief Guterres warns
United Nations Secretary-General Antonio Guterres said on Friday that the world was facing the risks of conflict as divisions between nations widen, in a warning ahead of a G20 leaders summit. «If we are indeed one global family — we today resemble a rather dysfunctional one», Guterres told reporters in New Delhi. «Divisions are growing, tensions are flaring up, and trust is eroding — which together raise the spectre of fragmentation, and ultimately, confrontation.» The Group of 20 major economies currently consists of 19 countries and the European Union, making up about 85 percent of global GDP and two-thirds of the world population. But deep disagreements on Russia's war in Ukraine and how to help emerging nations tackle climate change are expected to hamper agreements during the two-day meeting in New Delhi. «This fracturing would be deeply concerning in the best of times, but in our times, it spells catastrophe», Guterres added. «Our world is in a difficult moment of transition. The future is multipolar, but our multilateral institutions reflect a bygone age. »The global financial architecture is outdated, dysfunctional, and unfair.
08.09 / 10:43
Bypoll Result: Congress' Chandy Oommen breaks father Oommen Chandy's record. All you need to know
CPI(M)-led LDF lost ground even in its stronghold areas, and BJP candidate Lijin Lal was nowhere in the picture when the counting was over. The bypoll result, which came a few months ahead of the 2024 Lok Sabha polls, is seen as a huge setback for the ruling CPI(M), which has been facing allegations of corruption and nepotism from the opposition Congress-led UDF and the BJP. The bypoll was held following the death of Oommen Chandy.
08.09 / 10:35
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India to focus on sustainable, inclusive growth during its presidency: G20 Sherpa Amitabh Kant
India will be focusing on sustainable and inclusive growth during its G20 presidency, said G20 Sherpa Amitabh Kant on Friday at the pre-summit briefing. «During India's presidency, we have some broad priorities with which we started. When one third of the world is facing a recession, we should have sustainable, inclusive growth,» he said. Addressing a press conference ahead of the two-day summit beginning Saturday, Kant said New Delhi Leaders' Declaration will be the voice of the global south and developing countries. Prime Minister Modi had asserted India's presidency should be inclusive, ambitious, action-oriented and decisive, he said. «These are the four principles on which we have worked.
08.09 / 09:45
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Opposition backs India's position on Russia-Ukraine war: Rahul Gandhi in Belgium
Rahul Gandhi said. This is Rahul Gandhi's first foreign trip after the restoration of his Lok Sabha membership following the Supreme Court's stay on his conviction in the ‘Modi-surname’ remark. The Europe trip comes at a time when New Delhi is hosting the G20 Summit and heads of all major states are arriving in India's capital for the G20 summit on 9 and 10 September.
08.09 / 09:07
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G20 Summit 2023: From Biden to Hasina, PM Modi to meet three world leaders today in Delhi
G20 Summit 2023 Delhi LIVE Updates: Traffic curbs come into force in New Delhi. Check details As per the media reports, PM Modi will be holding over 15 bilateral meetings between Friday to Sunday. All these bilateral meetings will be held on the sidelines of the G20 Summit set to be held under India's Presidency on September 9-10.
08.09 / 08:15
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G20 Summit: African Union President Azali Assoumani arrives in New Delhi
G20 summit hosted by India. Assoumani was welcomed at the New Delhi airport by Raosaheb Danve, the Minister of State in the Ministry of Railways. In June 2023, Prime Minister Narendra Modi took a significant initiative to amplify Africa's representation on the global stage and influence the collective future of the world.
08.09 / 08:15
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Govt collating data of all pharma companies for more transparency
New Delhi: To bolster transparency in the drug regulatory system, the union health ministry has directed all state drug controllers to profile pharmaceutical companies within their jurisdiction. Around 10,500 entities are currently producing varied dosage forms and active pharmaceutical ingredients (APIs) in the country. The objective is to ascertain the types of drug formulations being manufactured, imported, and exported, giving the central government a clear picture of the industry's landscape.
08.09 / 07:07
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G20 Summit: DMRC suspends feeder buses between Delhi Aerocity Station to Terminal 1 from 8-10 September
G20 Summit, Delhi Metro Rail Corporation (DMRC) has announced that feeder buses between Delhi Aerocity Station of Airport Line and Terminal 1 will be unavailable from 8-10 September. In order to reach Terminal 1, DMRC has asked commuters to use the Magenta Line and get down at Terminal 1-IGI Airport Metro Station.
08.09 / 07:07
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Xi's absence raises doubts about the future of the G20
G20 summit. Spin doctors are at pains to push the unofficial line that Xi’s absence isn’t a big deal for New Delhi by, among other things, deflecting the public gaze to what Indian diplomacy calls “bandobast" and has perfected like an art. But all the intricate details of the décor at the venue, the logistics, the vegetarian-only menus, the silverware, and how the capital has been lit up in hot pink cannot change the fact that Xi’s absence is significant.
08.09 / 06:55
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'India's time to shine': How G20 summit can be a pivotal moment for India's global aspirations
India prepares to host the prestigious gathering of world leaders this weekend for the G20 summit, showcasing India's aspirations to establish itself as a prominent global player. As per a TOI analysis, the event carries immense significance for India, particularly for Prime Minister Narendra Modi, as it will define the nation's role as a champion of the Global South and the voice of numerous developing countries. This summit represents a diplomatic milestone for New Delhi as it endeavors to bring together a fractured world amidst the backdrop of the ongoing Russia-Ukraine conflict.
08.09 / 06:45
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G20 Summit 2023 Delhi: ‘I'm headed to premier forum…showing our commitment,’ says US President Joe Biden
G20 Summit, scheduled for September 9 and 10 in India. Before his departure, President Biden took to his social media platform, X, to express his goals for the G20 Summit. He stated, "I’m headed to the G20 – the premier forum for international economic cooperation – focused on making progress on Americans' priorities, delivering for developing nations, and showing our commitment to the G20 as a forum that can deliver." On Thursday, Biden departed from Andrew’s air base on Air Force 1, en route to India to participate in the 18th G20 Summit.
08.09 / 06:45
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G20 Summit 2023: PM Modi, US President Joe Biden to take up THESE issues during bilateral talks
Belt and Road infrastructure initiative, which the US perceives as a cover for China-led regional development and military expansion. Chinese President Xi Jinping has opted not to attend the summit, with Premier Li Qiang representing the nation instead.
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