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ANI, Shashi Tharoor said, “The Delhi Declaration is undoubtedly a diplomatic triumph for India. It's a good achievement because right until the G20 summit was being convened, the widespread expectation was there would be no agreement and, that, therefore, a joint communique might not be possible, and, that we might have to end up with a chairman's summary." Moreover, the Congress MP also praised the Modi govt for bringing all member states to a consensus on the New Delhi Declaration.

India’s Prime Minister Narendra Modi touted his country as well-placed to bridge gaps in the Group of 20 top economies and solve global problems

The selling of the last few days hasn't abated, and we have a situation where the Russell 2000 (IWM) is now looking at a test of its 200-day MA.

Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now set to get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said. «An Indian consumer earlier used to go abroad and shop in Dubai or London, but when the pandemic happened, many of those brands like Chanel or Hermes called their Indian consumers to do small events inside the store.

International Labour Organisation, on Sunday, said the G20 Leaders’ reaffirmation of gender equality and meaningful participation of women in the workforce will have a multiplier effect in implementing the 2030 Agenda. The G20 Leaders Declaration agreed to create a new working group on the empowerment of women while pledging to support progress on the implementation of the UN Global Accelerator. The UN Global Accelerator is a UN initiative led by the ILO that aims to bring together UN member states and a wide range of public and private sector partners to help create 400 million decent jobs and extend social protection coverage to the 4 billion people currently excluded. According to ILO, the leaders have reaffirmed the importance of gender equality and the promotion of full, equal, effective and meaningful participation of women in the economy as decision-makers. “Such investment “has a multiplier effect in implementing the 2030 Agenda”, it said. “I heartily welcome the G20’s endorsement of the Global Accelerator and its potential to deliver change and better working lives for hundreds of millions of people,” ILO director-general, Gilbert F Houngbo said, adding that the creation of the working group on women’s empowerment is also an historic step forward. “The G20 leadership has made progress on some of the most crucial future of work issues facing us if we are to build a sustainable and equitable future.

India’s Prime Minister Narendra Modi touted his country as well-placed to bridge gaps in the Group of 20 top economies and solve global problems

absence of Canada from the Rugby World Cup 2023 has left many rugby enthusiasts wondering what went wrong. For a nation that has a history of rugby, what led to their exclusion from Rugby World Cup 2023? Let's delve into the factors that reportedly contributed to this unexpected turn of events.

Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.

New Delhi: Spain's vice-president Nadia Calvino on Saturday underscored the paramount importance of multilateralism and global collaboration in addressing climate change during the G20 Leaders’ Summit on Saturday. “There has been a very strong call for multilateralism and confidence in our joint ability to co-operate and to work together to face global challenges such as climate change during the discussion this morning," Calvino said on the sidelines of the G20 Leaders’ Summit after the first session on One Earth.

The US Department of the Treasury and the Internal Revenue Service (IRS) have jointly issued proposed regulations aimed at enhancing transparency and compliance in the digital asset sector. These regulations are set to mandate brokers to report sales and exchanges of digital assets conducted by their customers.

mid-market enterprises constitute the foundational pillar of the Indian economy. As the Indian economy marches ahead to feature among the top three global economies, mid-market enterprises will have significant capital requirements to capitalize on the opportunities presented.

Charles Michel on Friday said the EU fully supported Prime Minister Narendra Modi's efforts to bridge the gap between the Global South and the Global North. He also said the EU supported India's efforts to build a consensus on a leaders' declaration for the G20 summit in New Delhi over the weekend. The comments came amid the G20's focus on addressing the challenges faced by the Global South under the Indian presidency. «I don't know if this is possible or not to have an agreement on a final communique, we will see. But we will defend our principles and will also support the efforts made by India,» Michel, who is here to attend the G20 summit, told a press conference. In response to a question by ET, Michel said the EU backed Modi's agenda for the Global South.

markets, which have kept the chances of another interest rate increase this year. Despite Friday's fall, the greenback was headed for eight straight weeks of gains, the longest such streak since 2014. «The dollar is benefiting from a return of the U.S. exceptionalism theme,» said Vassili Serebriakov, FX strategist, at UBS in New York, referring to the country's economic outperformance compared to the rest of the world. «The resilient U.S.

Bhartiya Janata Party (BJP) in a by-election, officials said. In the first what is being seen as the INDIA bloc versus Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA) face-off elections, TMC managed to usurp BJP and bag the seat in northern West Bengal. TMC candidate Nirmal Chandra Roy, a college professor, won the seat by over 4,313 votes.

Chrome will undergo a desktop redesign in the near future. This update is inspired by their Material You design language, featuring refreshed icons for improved legibility and new color palettes that harmonize with tabs and the toolbar. For those who may not be familiar, Google introduced the Material You design language alongside Android 12.

China's yuan finished the domestic session on Friday at its weakest since the global financial crisis, hit by capital outflow pressures as the economy struggles. A growing yield gap with other major economies, particularly the United States, has also put fresh pressure on the yuan and a number of other emerging currencies. The onshore yuan ended the domestic trading session at 7.3415 per dollar, its weakest close since Dec.26, 2007. The yuan, one of region's worst performing currencies, has lost 1.0% against the dollar so far this week and depreciated roughly 6.1% so far this year as the dollar climbed and China's post-pandemic recovery quickly lost steam. Analysts and traders expect the currency to face further selling pressure in the near term but expect losses will likely be measured. On Friday, the central bank again looked to be shoring up the currency by setting guidance through its daily fixing that was stronger than Reuters estimate. Prior to the market's opening, the People's Bank of China (PBOC) set the midpoint rate at 7.215 per U.S.

climate change, fairness in digital architecture, and more support for developing countries. Michel also said the EU would continue to back Ukraine and would not shy away from imposing more sanctions on Russia. He criticized Russia over its recently reported attacks at a Ukraine port and said they would exacerbate food shortage issues globally.

leadership in India — maintains a studied silence. One hypothesis is that the move could have been intended to nudge the regulator to approve an internal candidate as successor even while Kotak stays on the board as a non-executive, non-independent director. That combination, some have argued, goes against the spirit of banking regulation that allows large shareholders a maximum 15-year term as CEO or full-time director, though it says nothing about them continuing in a non-executive role.

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.

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.

Sabyasachi Majumdar, Senior Vice President & Group Head, ICRA, says “the overall average merchant power tariffs will be on the higher side. So entities, whether they are thermal based players or even some renewable energy players, have some amount of merchant capacity and will definitely make much better money from merchant sales than they have often been in the past, particularly in the late 2018 to 2021 period. They can look forward to better merchant tariffs over the next two to three years.”Looking at the demand supply in the power sector, it appears that demand is going to be outstripping supply. Would you like to react?Over the next two to three years, we are expecting demand growth of anywhere between 5% and 6%, depending upon the underlying situation. Our median estimate is somewhere around 5-5.5%. But there could be upsides depending upon how quickly the economy takes off. So we are looking at 5-6% demand growth. At best, the capacity will be barely able to catch up.