5 Minutes Read

Combustion engine is ‘dead’, expect a big disruption in mobility after elections, says Amitabh Kant

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Speaking at the launch of Ather Energy’s new family scooter on Saturday, April 6, Kant asked the industry to be ready for an even bigger disruption in mobility after the general elections.

The G20 Sherpa and Former CEO of Niti Ayog Amitabh Kant has urged the automobile industry to work towards a 100% transition to electric mobility in two and three wheelers. “ICE is a dead technology. The future is all electric and all companies must work towards that or risk losing market share”, Kant said at the launch of Ather Energy’s new family scooter on Saturday, April 6.

Amitabh Kant said that the Indian government had already provided incentives to the tune of ₹55,000 crore to the automobile industry to make electric vehicles and now its time to aim for 100% electrification in two and three wheelers by 2030. He also asked the industry to be ready for an even bigger disruption in mobility after the general elections.

Also Read: Ather launches a family scooter at ₹1.10 lakhs, here’s what you need to know 

Kant said brands like Ather must not just think domestic but look at aggressively exporting to global markets, as exports was closely linked to India’s future growth. He also said that India must have a robust charging infrastructure which should not be anyone’s monopoly.

At a time when some electric vehicle makers are indulging in heavy discounting to drive up volumes, Kant had a piece of advice for EV startups. “Never burn cash to sell your product. Don’t give deep discounts or sell cheap. Focus on building great value for customers,” he said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India scripts breakthrough at Davos on global gender equality; Minister Irani stitches mega alliance

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

A result of the G20 Leaders’ Declaration and India’s abiding commitment to the cause of women-led development, the “Alliance for Global Good – Gender Equity and Equality” will follow-up and build on activities of various G20 engagement groups including Business20 and Women20. It has garnered the support of over 10,000 industry partners including Tata, Godrej, Serum Institute, Microsoft, Uber, Zoom and the Bill & Melinda Gates Foundation.

India has taken its women empowerment agenda up a notch by giving it a global footprint. On the sidelines of the World Economic Forum 2024 at Davos, it has established the ‘Alliance for Global Good – Gender Equity and Equality’, a global alliance that will work to build on the commitments of the G20 leaders in areas of women empowerment and gender equality. It aims to do this in a manner that will reach and benefit the larger global community.

The alliance aims to bring together global good practices, knowledge sharing, and investments in the field of women’s health, education, and enterprise. The alliance will follow up on the activities of the Engagement Group and initiatives under the G20 framework, including the Business 20, Women 20, and G20 EMPOWER.

The alliance has garnered support from global corporate houses like Mastercard, Uber, and Microsoft to domestic industry leaders like Tata, TVS, Godrej, and Serum Institute of India.

It has also roped in over 10,000 partners from the industry through the Indian industry body Confederation of Indian Industry (CII).

Some of the other partners who have been onboarded to support the alliance include Stride Ventures, Industree Foundation, SAP, AWE Foundation, Bankers Without Borders, AVPN, Women in Global Health, Frontier Markets, Philanthropy Asia Alliance (PAA), US-India Strategic Partnership Forum, European Investment Bank, Zoom, Bayer, Novartis, and IMD Laussane.

Announcing the establishment of the alliance on the sidelines of the annual World Economic Forum (WEF) at Davos, the Indian statement said, “This initiative marks a significant stride toward achieving multiple Sustainable Development Goals (SDGs), including good health and well-being, quality education, gender equality and empowerment, and global partnerships for development… We hope to reinforce India’s position as a proactive force in the pursuit of a more inclusive and sustainable world.”

The alliance will also be supported by the Bill and Melinda Gates Foundation, with the World Economic Forum serving as a ‘Network Partner’ and Invest India playing the role of ‘Institutional Partner’.

Archna Vyas, Director of Policy and Communications at the Bill & Melinda Gates Foundation, said, “The Bill & Melinda Gates Foundation is thrilled to partner with India, the Center for Women Leadership at CII and many public, private, development partners and WEF at the launch of the Alliance for Global Good on Gender Equity and Equality, led by India. It is a very timely and commendable initiative that has successfully focused attention on the issue of gender empowerment and women-led development on the world stage, to inspire all to take action for ensuring gender equity and equality faster.”

The alliance is the brainchild of Prime Minister Narendra Modi and efforts to stitch the alliance together were spearheaded by Women and Child Development Minister Smriti Irani. The breakthrough came on the sidelines of the WEF at Davos.

Commenting on the alliance, Irani said: “An India that is propelled towards a greater future will leave no one behind is what this alliance that is dedicated to global good and particularly focuses on gender, health, education and enterprise resolutely says, in the footsteps of the Prime Minister, that when we grow, that growth is incomplete till every citizen is taken on that path of success. So, to all those industry partners, who said they will help only when India called and gave so in terms of their support in writing our gratitude, because that one phone call and your ‘Yes’ is an indication of your belief in India, that today India will lead not only in the growth story, but in the inclusive growth story is what this alliance is all about.”

Also read: WEF 2024 | See clear improvement in risk management, governance practices of banks: RBI Guv

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India achieved the extraordinary during its G20 presidency, says PM Modi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

India’s domestic approach to G20 was also marked by inclusivity, making it a “People’s Presidency” that befits the world’s largest democracy, PM Modi said.

Prime Minister Narendra Modi has asserted that India achieved the extraordinary during its G20 presidency as it revitalised multilateralism, amplified the voice of the Global South, championed development, and fought for the empowerment of women everywhere.

With Brazil set to take over the presidency from December 1, Modi highlighted the elite group’s journey under India and expressed confidence that his country hands over the charge with the conviction that our collective steps for people, planet, peace, and prosperity, will resonate for years to come.

In an opinion piece which appeared in several newspapers on Thursday, Modi said India’s approach was defined by being “inclusive, ambitious, action-oriented, and decisive” and the New Delhi Leaders’ Declaration (NDLD), unanimously adopted by all G20 members, is testimony to our commitment to deliver on these principles.

Noting that it has been 365 days since India took the Chair, he said the global landscape grappled with multifaceted challenges: recovery from the COVID-19 pandemic, looming climate threats, financial instability, and debt distress in developing nations, amid declining multilateralism at that point of time.

“It is a moment to reflect, recommit, and rejuvenate the spirit of Vasudhaiva Kutumbakam — ‘One Earth, One Family, One Future’,” he said on the event of India passing the baton to Brazil.

Recalling the time last year when India took over, he said amidst conflicts and competition, development cooperation suffered, impeding progress, he said.

“Assuming the G20 chair, India sought to offer the world an alternative to the status quo, a shift from a GDP-centric to human-centric progress. India aimed to remind the world of what unites us, rather than what divides us,” he said.

Finally, he added, the global conversation had to evolve and the interests of the few had to give way to the aspirations of the many. This required a fundamental reform of multilateralism, he said.

The first-of-its-kind ‘Voice of the Global South Summit’, convened by India in two editions, heralded a new dawn for multilateralism, Modi said, asserting that India mainstreamed the Global South’s concerns in the international discourse and has ushered in an era where developing countries take their rightful place in shaping the global narrative.

India’s domestic approach to G20 was also marked by inclusivity, making it a “People’s Presidency” that befits the world’s largest democracy, he said.

At the critical midpoint of the 2030 agenda, India delivered the G20 2023 Action Plan to Accelerate Progress on the Sustainable Development Goals (SDGs), taking a cross-cutting, action-oriented approach to interconnected issues, including health, education, gender equality and environmental sustainability, he said.

A key area driving this progress is the robust Digital Public Infrastructure (DPI), Modi added.

He said, “Through the G20, we successfully completed the Digital Public Infrastructure Repository, a significant stride in global technological collaboration. This repository, featuring over 50 DPIs from 16 countries, will help the Global South build, adopt, and scale DPI to unlock the power of inclusive growth.” For our One Earth, India introduced ambitious and inclusive aims to create urgent, lasting, and equitable change, he said.

The leaders’ declaration underscores our commitment to climate justice and equity, urging substantial financial and technological support from the Global North, he said, noting that for the first time there was a recognition of the quantum jump needed in the magnitude of development financing, moving from billions to trillions of dollars. The G20 acknowledged that developing countries required USD 5.9 trillion to fulfil their Nationally Determined Contributions (NDCs) by 2030, he said.

Given the monumental resources required, the G20 emphasised the importance of better, larger, and more effective Multilateral Development Banks, he noted.

“Concurrently, India is taking a leading role in UN reforms, especially in the restructuring of principal organs like the UN Security Council, that will ensure a more equitable global order,” the prime minister said.

Gender equality took centre stage, culminating in the formation of a dedicated Working Group on the Empowerment of Women next year, he said.

“India’s Women's Reservation Bill 2023, reserving one-third of India’s Parliament and state legislative assembly seats for women, epitomises our commitment to women-led development,” he said.

During its G20 presidency, India led deliberations on geopolitical issues and their impact on economic growth and development, he said. “Terrorism and the senseless killing of civilians are unacceptable, and we must address them with a policy of zero tolerance. We must embody humanitarianism over hostility and reiterate that this is not an era of war,” he said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

PM Modi to chair virtual G20 Leaders’ Summit on November 22

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Prime Minister Narendra Modi will chair a virtual G20 Leaders’ Summit on 22 November in which leaders of all G20 members, including the Chair of the African Union, as well as nine guest countries, and heads of 11 international organisations, have been invited.

Prime Minister Narendra Modi will chair a virtual G20 Leaders’ Summit on 22 November, the Ministry of External Affairs said in a statement on November 18.

The meeting comes as during the closing session of the New Delhi G20 Summit on 10 September, PM Modi had announced that India would be hosting a virtual G20 Leaders’ Summit prior to the conclusion of India’s G20 Presidency, the ministry said.

“Leaders of all G20 Members including the Chair of the African Union, as well as nine guest countries, and heads of 11 international organisations, have been invited,” the ministry said.

The Virtual Summit will take forward key, select outcomes, action points from the New Delhi Summit, which witnessed the unanimous adoption of the G20 New Delhi Leaders’ Declaration, and review developments since then.

Also Read | India’s G20 Success: Unanimous adoption of declaration highlights consensus-building prowess

The foreign ministry added that deliberations of the 2nd Voice of Global South Summit, held on 17 November, will also feed into the discussions.

In his remarks at the Voice of Global South Summit, PM Modi had said the participation of leaders from around 130 countries explains that the Global South is ready to take big responsibilities in global affairs and that it wants autonomy.

“The message from Voice of Global South Summit is that Global South wants its voice in global governance,” the prime minister said in Hindi, adding that India is proud to have the opportunity to put the voice of the Global South on the agenda of a forum like G20.

Also Read: G20’s Startup20 a game changer, industry experts weigh in

Meanwhile, the Virtual G20 Summit is expected to push for effective implementation of various G20 decisions, including through relevant national and international platforms, the ministry said.

It must be noted that India holds the G20 Presidency until 30 November, and the G20 Troika during the Brazilian G20 Presidency in 2024 will comprise India, Brazil, and South Africa.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India’s G20 Success: Unanimous adoption of declaration highlights consensus-building prowess

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

During the closing ceremony of the New Delhi Leaders’ Dialogue (NDLD), officials and leaders celebrated the milestone achievement of global unity. The DEA expressed pride in India’s ability to rally nations with differing interests and priorities around shared goals.

The recently concluded G20 Summit in New Delhi, marked by the unanimous adoption of the G20 Declaration, has spotlighted India’s prowess in generating consensus among a diverse group of countries, the Department of Economic Affairs said on Monday (November 6). This achievement underscores the nation’s increasing influence on the global stage, emphasising the significance of multilateralism in addressing key global challenges.

During the closing ceremony of the New Delhi Leaders’ Dialogue (NDLD), officials and leaders celebrated the milestone achievement of global unity. The DEA expressed pride in India’s ability to rally nations with differing interests and priorities around shared goals.

“The unanimous adoption of the G20 declaration signifies India’s ability to generate consensus among a diverse set of countries,” the statement said.

The NDLD, a key component of India’s G20 presidency, has emerged as a high point for multilateralism, highlighting the significance of cooperative diplomacy in a world beset by multifaceted challenges.

Apart from fostering consensus on the international front, leaders at the summit emphasised the importance of domestic actions aligned with the G20 policy guidance.

Finance Minister Sitharaman also addressed the gathering, emphasising the importance of the NDLD in recognising the value of skill development. She stated, “NDLD recognises skill development and provides policy guidance for that,” highlighting the role of human capital development in ensuring long-term economic stability and growth.

Chief Economic Advisor (CEA) echoed these sentiments, highlighting an upcoming significant event. “On November 22, leaders will be meeting virtually as part of the final meeting of India’s G20 presidency,” CEA announced.

One of the central themes in the NDLD, underlining the G20 Declaration, pertains to fostering “strong, sustainable, and balanced growth.” This theme underscores the group’s collective commitment to sustainable economic development that benefits all nations.

In the coming days, the G20 presidency of India will organise outreach events to disseminate and act on the leader’s declaration. These initiatives are expected to further strengthen the commitment of G20 nations to collaborative solutions in the face of pressing global challenges.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

P20 members unanimously sign joint statement | What is in it?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The P20 Summit members have unanimously signed a joint declaration that strongly condemns terror in any form.

A joint declaration condemning all forms of terror, including those fuelled by racism, xenophobia, and other variants of intolerance, was adopted at the P20 meeting on Friday. The Presiding Officers of Parliament from the G20 countries, under Lok Sabha speaker Om Birla, also recognised the commitment of all religions to peace.

The member states also decided to develop a legal immigration framework to fight human trafficking. The conference saw participation from countries namely Russia, China, Oman, the UAE, Brazil, Australia and the UK.

Canada initially confirmed its participation but was absent during the summit, while the United States did not have any representation after House Speaker Kevin McCarthy was recently ousted. From India, Foreign Minister S Jaishankar and Ministers of State V Muraleedharan and Meenakshi Lekhi as well as G20 Sherpa Amitabh Kant were present at the event.

According to The Indian Express, paragraph 17 of the P20 Summit joint declaration stated, “We condemn terrorism in all its forms and manifestations, including those on the basis of xenophobia, racism and other forms of intolerance, or in the name of religion or belief, recognising the commitment of all religions to peace.” Terrorism is considered one of the main threats to international peace and security, it added.

Terrorist attacks aimed at critical infrastructure such as vital energy installations and other susceptible sites also drew sharp condemnation from the member nations. The declaration highlighted that all acts of terror were offensive, and unjustifiable, irrespective of the motive or origin.

In his keynote address, Prime Minister Narendra Modi stated, “Terrorism – in any form- is against humanity”.

Earlier in the day, Speaker Birla spoke about development programmes that India was implementing in its underdeveloped regions and the focus on the transition to green energy to achieve sustainable development objectives. After the joint declaration’s adoption on Day 1, Lok Sabha Speaker Om Birla said, “The unanimous adoption of the Joint Declaration at P20 exemplifies the spirit of Vasudhaiva Kutumbakam. As public representatives, we pledge to collaborate for a human-centric, prosperous, and harmonious future”.

The joint declaration expressed concerns over the persistent underrepresentation of women in national Parliaments across the globe. The declaration also extended a warm welcome to the Parliament of India for its adoption of the Women’s Reservation Bill in September 2023.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

G20 Finance Ministers and Central Bank Governors adopt roadmap on crypto assets

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

The finance ministers of the G20 nations on Thursday called for swift and coordinated implementation of the G20 roadmap to deal with the issues related to the crypto assets.

The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

“We adopt the roadmap proposed in the Synthesis Paper as a G20 Roadmap on Crypto Assets…We call for swift and coordinated implementation of the G20 Roadmap, including implementation of policy frameworks; outreach beyond G20 jurisdictions; global coordination, cooperation and information sharing; and addressing data gaps,” said a communique issued during the fourth meeting of the FMCBG.

The G20 Roadmap on crypto assets is a detailed and action-oriented roadmap that will help coordinate global policy as well as develop mitigating strategies and regulations on such assets while also taking into consideration the specific implications on Emerging Markets and Developing Economies (EMDEs).

Also Read: Jaishankar and Blinken discuss G20 and Economic Corridor’s potential, no mention of Canada row

The Finance Ministers and Central Bank Governors (FMCBG) communique drew guidance from the G20 New Delhi Leaders Declaration (NDLD) and benefited significantly from the consensus that was reached at the Leaders’ Summit last month, a press statement issued by the finance ministry said.

The communique was unanimously adopted at the fourth and final meeting of the G20 FMCBG under the Indian Presidency in Marrakesh, Morocco on the sidelines of the IMF-WB Annual Meetings.

With regard to Strengthening Multilateral Development Banks (MDBs), the communique said that the ministers committed themselves to pursuing ambitious efforts to evolve and strengthen MDBs to address the global challenges of the 21st century with a continued focus on addressing the development needs of low and middle-income countries.

“We re-emphasise the need for an additional push for continued and further impetus for ambitious implementation of the recommendations of the G20 Independent Review of MDBs Capital Adequacy Frameworks (CAFs) within MDBs’ own governance frameworks while safeguarding their long-term financial sustainability, with a regular review of the progress of implementation on a rolling basis…,” it said.

The ministers appreciated the work undertaken by the G20 Independent Expert Group (IEG) in preparing Volume 2 of their report.

The board of each MDB will be best placed to determine if and when a capital increase is needed in addition to CAF measures to support efforts in addressing global challenges and meeting development needs, it said.

Also Read: India to frame cryptocurrency regulations through global consultations: Economic Affairs Secretary Ajay Seth

Going forward, it said, “we call on the International Financial Architecture Working Group to deliberate on the IEG recommendations in consultation with MDBs and suggest a way forward for better, bigger and more effective MDBs, including ways to work together better as a system, in our meeting in April 2024.” It called upon the IMF and World Bank to report by our next meeting on the work undertaken to support efforts at enhancing domestic resource mobilisation of EMDEs, considering each country’s circumstances.

On managing global debt vulnerabilities, the ministers called for a swift conclusion of the debt treatment for Ethiopia while welcoming progress in Zambia and Ghana.

Beyond the Common Framework, we also welcome all efforts for timely resolution of the debt situation of Sri Lanka and the ongoing progress and call for its swift conclusion as soon as possible.

It also appreciated the efforts of the International Financial Architecture Working Group in taking forward the work on the debt agenda, including the preparation of the G20 Note on the Global Debt Landscape.

The G20 Finance Ministers agreed to continue implementation of the G20 Roadmap for Enhancing Cross-Border Payments and appreciated the third annual progress report on the Cross-Border Payments Roadmap and the first annual monitoring report with key performance indicators for meeting the targets.

With the new G20 2023 Financial Inclusion Action Plan, it was decided that the Global Partnership for Financial Inclusion would continue its work for advancing this in all three dimensions viz., access, usage and quality, for individuals and MSMEs through innovative methods, including digital public infrastructure in support of inclusive growth and sustainable development.

Appreciating the critical step taken by the Financial Action Task Force (FATF) in finalising guidance on trusts and other legal arrangements, the communique said “we commit to effectively implement the associated revised standard on beneficial ownership transparency.” It welcomed the positive developments in FATF towards revising its standards on asset recovery and reinforcing global asset recovery networks so as to enhance global efforts to recover criminal proceeds promptly and effectively.

Apart from these outcomes, the communique reflects the outcomes from the various G20 Finance Track workstreams that were completed post-July FMCBG meeting and the G20 New Delhi Summit, it said.

The communique also welcomed the upcoming Brazilian Presidency of the G20 and looked forward to continued work on enhancing global economic cooperation to achieve strong, sustainable, balanced and inclusive growth.

(Only headline has been changed by CNBC-TV18 staff and is published from a syndicated news agency feed)

Also Read: PM Modi to inaugurate P20 Summit on October 13: All you need to know

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Canada official won’t attend G-20 event in India this week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Raymonde Gagne won’t attend the two-day parliamentary speakers’ summit starting Friday in New Delhi, a spokesperson for her office said Wednesday, declining to provide further information.

The speaker of Canada’s senate won’t be attending a Group of 20 event hosted by India this week as diplomatic relations between the two countries remain tense.

Raymonde Gagne won’t attend the two-day parliamentary speakers’ summit starting Friday in New Delhi, a spokesperson for her office said Wednesday, declining to provide further information.

Two Indian officials confirmed Gagne won’t be at the summit, adding that no reason was given for her non-attendance. They asked not to be identified to discuss sensitive information.

Om Birla, speaker of the lower house of India’s parliament, had told the media last week that Gagne had agreed to participate. It’s not clear if Canada will have any representation at the meeting. A spokesperson for the office of India’s parliamentary speaker declined to comment when contacted by Bloomberg News.

Also Read: India-Canada standoff: Toronto university reassures international students, says ‘committed to support wellbeing’

Relations between the two countries have deteriorated since Prime Minister Justin Trudeau publicly accused the Indian government of playing a role in the assassination of a prominent Sikh leader in Canada. New Delhi has staunchly denied any involvement.

Separately, Canada’s foreign minister said Wednesday the two countries are still in discussion over India’s request that Canada reduce its diplomatic presence in the country.

“Diplomacy is always better when conversations remain private, and that’s the approach I will continue to take when it comes to India,” Canadian Foreign Minister Melanie Joly told reporters on Wednesday.

Also Read: PM Modi to inaugurate P20 Summit on October 13: All you need to know

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Brazil will head G20 building on India’s achievements, relations are beyond sugar disputes: Ambassador

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Envisaging an optimistic outlook for cooperation beyond trade issues, Brazil’s Ambassador to India pointed out that India and Brazil have positive perspectives for cooperating in ethanol as well as by virtue of being partners at the global biofuel alliance.

Describing India-Brazil relations as well beyond pending disputes, Brazil’s Ambassador to India and Bhutan, Kenneth Félix Haczynski da Nóbrega, said that disputes like the one on sugar subsidy as a limited aspect of bilateral relations.

Envisaging an optimistic outlook for cooperation beyond trade issues, he pointed out that India and Brazil have positive perspectives for cooperating in ethanol as well as by virtue of being partners at the global biofuel alliance.

Stating that Brazil will begin its G20 Presidency from November 2023 while building on India’s achievements, he told CNBC-TV18 that his country will be the third in a row of four developing countries to preside over the international grouping.

While he said that Brazil’s G20 Presidency will emphasise on bringing sustainable development and the fight against poverty and hunger at centrestage for international discussions, he added that the largest Latin American country plans to discuss environmental, social and economic components of development. He refrained from making any comments on the current India-Canada diplomatic standoff.

Also Read:India, Brazil begin talks to resolve sugar-related trade dispute at WTO

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Did team China bring ‘surveillance device’ during G20? Unusual bag size, ‘no to check’ raised concern

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The ‘unusual’ bags of a member of a Chinese delegation caught the attention of security officers at Taj Palace hotel.

Did China bring ‘surveillance devices’ with them during G20? A security concern was raised at five-star Taj Hotel in New Delhi during the Summit when a Chinese delegation arrived with bags of “unusual dimensions”.

The ‘unusual’ bags of a member of a Chinese delegation caught the attention of security officers at Taj Palace hotel. Despite the officers being instructed to facilitate passage of ‘diplomatic baggage’, the size of these bags were reportedly too odd to miss the attention of the trained personnel.

A report in Times of India stated that keeping diplomatic protocols in mind, the security personnel allowed the bags in. However, a staff member reported some ‘suspicious equipment’ in the bags once they reached the room. As soon as the superiors of the staff were alerted, they reported held quick consultations, asked the team to put the bags through the scanner.

A tense standoff reportedly ensued when the security personnel tried to convince the delegate to get his bag scanned as it was “a compulsory checking”. The Chinese refused to get the bags checked, especially its contents.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?