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Addressing the G20 Summit Session on 'Climate Change and Environment', Prime Minister Modi said that by forgetting climate justice, "we are not only doing injustice to the developing countries, but we are betraying entire humanity".
India made the demand while cautioning the World Bank against the climate change agenda of countries that are outside the scope of their Nationally Determined Contributions.
The price tag is slightly below the range of $2,520 to $2,800 suggested last week by U.S. drug pricing research group the Institute for Clinical and Economic Review (ICER) after British researchers said they found that the cheap, widely available steroid dexamethasone significantly reduced mortality among severely ill COVID-19 patients.
With India spending a mere 3.83 percent of its gross domestic product (GDP) on education, the amount is not sufficient to catch up with developed economies.
"In countries like mine, the foremost need is for enhanced investments in infrastructure, such as roads, water, sanitation, electricity, housing and basic services such as public transportation, schools and affordable health care," Narang said.
Prakash Javadekar added that India has launched the world's largest renewable program and reserved a "very small" part of it for Indian manufacturers.
Noting that innovation is vital for combating climate change and ensuring climate justice, Modi also urged the world to come together in a partnership to bring clean energy within the reach of all.
Asserting that India is well placed to weather financial crisis, RBI Governor Raghuram Rajan today said the central banks of developed nations must also keep in mind emerging nations while framing monetary policies.
Madan Sabnavis, Chief Economist, Care Ratings feels India should go ahead and ensure that this particular objective of food security is maintained.
Stressing that growth is much slower than expected, think tank OECD today said recovery seems to have stalled in major developed nations, amid declining business confidence hurting global trade as well as employment.
Most of the developed nations witnessed slowing economic activities in the June quarter, latest OECD data showed indicating that the global economy is heading towards slowdown.
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Women around the world feel stressed and pressed for time, but women in emerging markets are more stressed than their sisters in developed nations -- and Indian women say they are the most stressed of all, according to a survey published on Tuesday.
Mitsubishi Motors Corp will streamline production in developed nations while increasing output in emerging markets including Brazil and India under a new global strategy, the Nikkei business daily said.
