Country Financial News
10.09 / 17:43
Cooper
Progressive
Southern
country
India-Bhutan to be connected by train soon
India's allotment of Rs 120 billion for the extensive expansion and modernization of railway infrastructure in the northeastern region of the country will boost the eagerly awaited first-ever Bhutan-India railway link, Bhutan Live reported on Saturday. The Bhutan-based media outlet reported the fully funded Indian government's estimated Rs 10 billion project of 57.5-kilometre railway line will connect Kokrajhar in Assam to Gelephu in Sarpang, Bhutan. The project's anticipated completion date is set for 2026. Just a month ago, India's External Affairs Minister, S.
10.09 / 17:23
Digital
Cooper
Manufacturing
Platform
FLEX
country
boost
India, France to boost defence production
NEW DELHI : Prime Minister Narendra Modi and French President Emmanuel Macron on Sunday decided to expand production of advanced defence technologies in India, including for third countries in the Indo-Pacific region and beyond. The two leaders were meeting bilaterally on the sidelines of the G20 leaders’ summit in New Delhi.
10.09 / 17:23
UPS
Lowe's
CEO
Action
country
UK pledges $2 bn for climate action
NEW DELHI : UK Prime Minister Rishi Sunak on Sunday pledged $2 billion to the UN’s Green Climate Fund (GFC), a day after G20 leaders adopted a ‘green development pact’ to speed up measures to tackle the challenges of environment and climate change. “The UK is stepping up and delivering on our climate commitments, both by decarbonising our own economy and supporting the world’s most vulnerable to deal with the impact of climate change," the UK high commission quoted Sunak as saying.
10.09 / 17:23
Digital
Amazon
Waters
MasterCard
country
social
‘World Bank widening vision to work for a liveable planet’
NEW DELHI : The World Bank’s vision is being redefined to eradicate poverty on a “liveable planet" as part of ongoing reforms, its president Ajay Banga said on the sidelines of the New Delhi G20 summit, which has pledged to make multilateral lending work for poverty. “There’s a lot of work going on with the World Bank on the reform agenda.
10.09 / 17:23
UPS
Citizens
Extreme
country
trudeau
‘If up to me, language on Ukraine would have been stronger’: Canada PM Justin Trudeau
climate change to creating growth and prosperity for the citizens. There is always a lot of work to do and we will continue to do it," the Canadian prime minister said, in response to a query about whether the bilateral relationship was strained.
10.09 / 17:23
FIVE
Platform
band
show
country
voice
How BJP will leverage G20 summit to advance its political outreach
NEW DELHI : The adoption of the New Delhi declaration at the end of the G20 Summit without impediments has given the ruling Bharatiya Janata Party (BJP) a platform to advance its political outreach and electoral campaign ahead of next year’s general election, riding on the triumph of an event it claims is a result of iPrime Minister Narendra Modi’s leadership. The PM himself had earlier referred to the summit as an opportunity to present the country on the international arena.
10.09 / 17:13
MET
Cooper
Progressive
show
country
social
trudeau
PM Modi flags continuing ‘anti-India activities’ in Canada to PM Justin Trudeau
India and Canada. On Sunday during a press conference Canadian Prime Minister Justin Trudeau said that Canada would defend the freedom to expression, and peaceful protest, the north American country's government would also push back any kind of hatred that was perpetrated. India's Prime Minister Narendra Modi met PM Trudeau to express his concern about continuing anti-India activities of extremist elements in Canada as they are promoting secessionism and inciting violence against Indian diplomats and threatening the Indian community in Canada.
10.09 / 16:57
Remark
show
country
Text on Ukraine in G20 declaration reflected 'convergent consensus' rather than 'divisive consensus'
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.
10.09 / 16:45
MET
Extreme
Action
country
plane
trudeau
G20 Summit: Canadian PM Justin Trudeau's plane suffers from technical snag, delegation to stay in India till….
G20 Summit: The plane of Canadian Prime Minister Justin Trudeau has suffered from some technical snag and the delegation of Canada which was scheduled to return on Sunday will stay back in India till the engineering team on the ground rectifies the issue, the officials from the airport told news agency ANI. Justin Trudeau landed in New Delhi on Friday for the G20 Summit and he was received Union Minister Rajeev Chandrasekhar. The G20 Summit under India's presidency concluded successfully on Sunday.
10.09 / 16:45
Citi
MET
Progressive
country
beautiful
Road to progress can have several auxillary routes
ekla chalo re (walk alone) policy. On 26 September 1999, the G20 was founded with this goal in mind. The world then was reeling from the Asian financial crisis.
10.09 / 16:45
Provident
Cooper
VISA
Platform
Continental
country
The G20 summit is over but the hard work begins now
trade deal. India’s ambassador in London, Vikram Doraiswami, went public recently to pacify UK’s anti-immigration lobbies (tied umbilically to the Rishi Sunak government) and to re-emphasize nuances in India’s demand for visas, intended to serve as a placatory gesture. Doraiswami’s statement raises concerns whether India is walking back from its stated position on movement of professionals, which is now part of the New Delhi G20 Declaration also, in its eagerness to conclude the trade deal.
10.09 / 16:41
UPS
Platform
country
social
Latin
expansion
India, Brazil to work for expansion of PTA with Mercosur bloc
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.
10.09 / 16:41
COST
country
Deal
NOT
Any initiative to revive Black Sea grain deal that excludes Russia will not be sustainable: Turkish President Recep Tayyip Erdogan
Black Sea grain deal that excludes Russia will not be sustainable. «A process for the grain issue that excludes Russia is unlikely to be sustainable,» Erdogan said at a press meet after the G-20 summit in India. This July, Moscow suspended its participation in the Black Sea grain deal, brokered by Türkiye and the UN, to resume grain exports from three Ukrainian Black Sea ports that were paused after the Ukraine war in February 2022. Moscow has complained that the West failed to meet its obligations on Russian grain exports and that not enough Ukrainian grain was going to countries in need. It says restrictions on payments, logistics, and insurance have stood in the way of its shipments. Türkiye says the deal should be resumed by addressing deficiencies, and there is no alternative as other proposals have failed to offer a «sustainable, secure and lasting» model. «We are making intense efforts to end the Russia-Ukraine war, which has cost hundreds of thousands of lives.
10.09 / 15:43
Provident
Aviat
Manufacturing
stage
country
electronic
plane
IAF Chief visiting Spain to receive first C-295 transport plane for India
Indian Air Force, would be in Spain this week where he would receive the first C-295 transport plane made for India by global aircraft manufacturer Airbus for India at a facility in Seville. The Indian Air Force has signed a contract for 56 of these planes of which 16 would be made in Spain while the remaining 40 would be produced by the joint venture of Tata and Airbus in their facility in Vadodara, Gujarat. «The IAF chief would receive the first aircraft from Airbus at their facility in Seville, Spain on Wednesday. The aircraft would be flying to India from there after the ceremony,» defence officials told ANI. The aircraft is the first of the 16 planes that India has ordered. The aircraft is expected to be inducted formally into the service at a ceremony in Hindan around September last week. The Indian Air Force chief was personally involved in the contract at important stages as the Deputy Chief of Air Staff where he was leading the contract negotiations. The Indian Defence Ministry and Airbus Defence and Space, Spain signed a contract for procurement of 56 C-295 aircraft for the Indian Air Force in September 2021.
10.09 / 15:33
UPS
Indus
country
cover
Centre
G20 media centre: How journalists from across globe worked as 'one family'
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.
10.09 / 15:33
UPS
Extreme
Action
Fighting
country
social
trudeau
Defend freedom of peaceful protests, but will push back against hatred, says Trudeau on Khalistani elements
Khalistani extremists, which had evoked sharp reactions from New Delhi, Canadian Prime Minister Justin Trudeau on Sunday said that though his country will always defend freedom of peaceful protest, at the same time, it will also push back against hatred. In a media interaction after meeting his Indian counterpart Narendra Modi after the conclusion of the G20 summit, Trudeau, in reply to a question on whether the issue of Khalistani extremists came up during the meeting, said: «Over the years, with PM Modi, we have had many conversations on these issues. »Canada will always defend freedom of expression, freedom of conscience, and freedom of peaceful protest and it is extremely important to us. At the same time we are always there to prevent violence and to push back against hatred. «I think on the issue of the community, it is important to remember that the actions of the few do not represent the entire community or Canada.
10.09 / 15:33
UPS
Digital
Cooper
Mobile
country
recovery
Countries need to pursue growth oriented structural reforms for faster economic recovery: IMF MD at G20 Summit
IMF Managing Director Kristalina Georgieva on Sunday said global recovery is slow and uneven and underscored the need to pursue sound policies for financial stability and growth-oriented structural reforms. Speaking at G20 Leaders' Summit here, Georgieva said, G20 members must lead by example in delivering on the promises of USD 100 billion per year for climate finance, supported by strengthening Multilateral Development Banks(MDBs). The International Monetary Fund (IMF) has secured over USD 40 billion to support vulnerable countries through its Resilience and Sustainability Trust (RST) to build climate resilience, she said. Countries also need to mobilize domestic resources to finance and manage the green transition through tax reforms, effective and efficient public spending, strong fiscal institutions, and deep local debt markets, she said. Observing that global recovery from the COVID-19 pandemic is slow and uneven, she said, all countries should pursue sound policies to support economic and financial stability and growth-oriented structural reforms against this background. This is especially important in emerging and developing countries, where such reforms can boost output by up to 8 per cent over 4 years, she said. «We also need to further invest in international cooperation.
10.09 / 15:33
Cooper
Fighting
country
voice
Several G20 leaders hail PM Modi's initiatives to combat climate change
Narendra Modi's initiatives to combat climate change, with Japanese Prime Minister Fumio Kishida praising him for the concept of "Mission LiFE", sources said. During the G20 meetings and sessions, several leaders lauded Modi's efforts to tackle climate change and extended support to his initiatives. «India's vision of 'One Earth, One Family, One Future' is a beacon, which infuses hope for humanity — with inclusivity, equity and prosperity for humanity that touches all of us.
10.09 / 15:21
UPS
Cooper
Action
Mobile
country
IMF Chief Kristalina Georgieva hails India's G20 presidency, joint action on global challenges
G20 Summit had embraced India’s Presidency of "One Earth, One Family, One Future". “I am also very pleased that the G20 welcomed the African Union as a permanent member," she added. Georgieva hailed the New Delhi G20 Leaders Declaration and said all the G20 countries and their representative leaders conveyed a strong consensus for joint action to address global challenges.
10.09 / 15:21
UPS
Booking
Man
COP
country
dance
Telgi’s fate may have been different if he’d bought votes
₹80 lakh on a gorgeous dancer in a single night. The amount mentioned in the rumour had kept increasing for some hours before settling at “80 lakhs." There was no doubt though that a man known as Abdul Karim Telgi had tipped the dancer a considerable sum. The inner circles of dance bars include cops.
10.09 / 15:21
UPS
Digital
Platform
Action
Align
country
cover
Business action is critical for the G20 to meet its larger objectives
world economy was beset with new challenges in meeting the sustainable development goals. The G20 Leaders’ Declaration under Prime Minister Narendra Modi’s astute navigation represents momentous progress, with the Indian presidency setting new benchmarks for global collaboration under the G20 India theme of ‘Vasudhaiva Kutumbakam’ or ‘One Earth, One Family, One Future.’ It was under the same theme that the Business 20 (B20) engagement group of the G20, representing global businesses, developed a wide range of recommendations to the G20 over the year. Hosted by the Confederation of Indian Industry (CII), the B20 platform brought together about 1,500 members from G20 and invitee countries, and numerous other stakeholders from across the globe.
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