B20 Financial News

Nirmala Sitharaman while addressing the B20 Summit on Friday. «Obsession to use interest rates as the only tool to deal with inflation and not manage the supply side factors will not give a complete solution,» Sitharaman said. The finance Minister touched upon various topics and talked about how India's economy speaks for itself and global investors want to come to such a destination. «We have democracy, freedom of speech and we have no problems with those who criticise the govt,» said Sitharaman. Focusing on investments in health and education is key, she said in her speech. Every segment of Indian economy is on the move and wants to grow, said Sitharaman. «The initial doubts people have had about India's Aatmanirbharta have been quelled. We are focusing our approach in building an Aatmanirbhar bharat but essential imports will not stop,» she added. «We need to cushion us sufficiently against any possible shocks; need to diversify supply chains quickly,» she added. In her address, she also said, the government has adopted a transparent methodology to ease compliance burden and ensure speedy decisions. On Foreign direct investments, she said, «India stands as an attractive destination for FDIs.» «India's DPI has been welcomed by every country, lauded by many G20 countries,» she added. Touching on climate, she said, «Financing climate is key factor for sustaining global economic recovery.» The Business 20 (B20) is the official G20 dialogue forum with the global business community.

B20 Summit in India: Advocating the use of AI and its benefits for India, Tata Sons and Air India Chairman, N CHandrasekaran said, “In a country like India, AI will create more jobs." He strengthened his claims by saying that AI will empower people with less skills with information. It will also help in reducing the workload of professionals.

Click here to watch the live telecast of B20 Summit in India 2023B20 Summit India 2023: CEO of Kotak Mahindra Bank, Uday Kotak said that every Indian company should voluntarily, or via regulation should contribute for 0.2% of their profits in G20 goals.B20 Summit LIVE Updates: In the ongoing B20 Summit, Chairman of Tata Sons and Air India, N. Chandrasekaran, said that India is committed to sustainability and climate change.

N Chandrasekaran, chair, B20 India, Thursday, lauding India’s growth trajectory. “We are the fifth largest economy, and we have a lot of things going for us. Just not in terms of economic growth, but in terms of infrastructure as well,” the chairman of Tata Sons said on the eve of the B20 Summit India 2023, organised by the Confederation of Indian Industry in New Delhi. Chandrasekaran noted that India stood at the cusp of changes happening worldwide. “Be it digital, energy, or supply chain resilience and transition due to geopolitical situation.