No additional funds have been released to the G20 Secretariat other than the amount referred above, Muraleedharan said.
The G20 member countries represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.
The virtual meeting of the G20 leaders comes after New Delhi hosted the G20 Leaders’ Summit on September 9-10
It represents 85 per cent of the world’s population and nearly 39 per cent of the global GDP, making it a critical stakeholder in the fight against climate change.
"However, we still have work left to do," the minister said in an inaugural address at the Seminar on 'Strong, Sustainable, Balanced and Inclusive Growth', organised by the ministries of finance and labour, and the commerce department.
In a write-up in the Information and Broadcasting Ministry's e-book, 'People's G20', Modi said as the G20 president India pledged to make the global table larger, ensuring that every voice is heard and every country contributes.
Scindia said it was an extremely engaging presidency as part of which events were held from Kashmir in the North to Kanyakumari in the South, and from Gujarat in the West to Arunachal Pradesh in the East and the world experienced a holistic India.
Panagariya noted that India's G20 presidency was like an elaborate wedding, he remarked that it would be difficult for other countries to replicate what India has achieved at the G20 summit.
Speaking exclusively with Moneycontrol, Panagariya said: "Whenever the growth rate is high, there is an ecosystem alleging that there is a rigging the numbers. Such allegations are not made when the numbers are lower."
With the world’s eyes upon India and the global leaders set to descend on New Delhi this weekend for the G20 summit, Prime Minister Narendra Modi speaks to Moneycontrol about the India moment and the making of it. Whether it is the ‘people’s presidency’ of the G20 or his ingenious economic policies, Modi provides unseen glimpses into his contrarian decision-making style which is rooted in the wisdom of lived experience.
G20 Summit in Delhi: The Presidency of the G20 may be a revolving one, but India is set to leave a lasting impression by putting key issues at the top of its agenda, and making progress on some of the most pressing matters facing the world economy
The fund that was established under Indonesia's G20 Presidency is targeted at low-to middle-income countries to finance efforts like surveillance, research, and better access to vaccines, among others measures.
Talking about India’s advancement in the space programme, she said the aspirations of 'new India' have infinite dimensions and that the Indian Space Research Organisation (ISRO) keeps scaling new heights and setting higher benchmarks of excellence.
Anshula Kant, who was previously a managing director of State Bank of India, also said the World Bank’s AAA rating is key to cheap funding and informal discussions have revealed that not many countries have an appetite to borrow at higher costs from the multilateral institution
According to Finance Minister Nirmala Sitharaman, disagreements within the G20 remain with regards to common language on the Russia-Ukraine war.
The third meeting of the G20 Finance Ministers and Central Bank Governors under India’s Presidency will take place in Gandhinagar from July 17-18, and will be jointly led by Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das.
The G20 Infrastructure Working Group deliberates on various aspects of infrastructure investments, including developing infrastructure as an asset class, and identifying innovative instruments for mobilising financial resources for infrastructure investment.
The third Digital Working Group meeting of the G20, which began on June 12 in Pune, will focus on drafting the declaration. The declaration will be finalised at the fourth working group meeting, which will be held in Bengaluru in August.
The historic opportunity presented to the G-20 troika India-Brazil-South Africa to shape the G20 over the next two and half years could be instrumental in finding a long-lasting solution to pressing problems facing humanity
G20 is the premier forum for international economic cooperation, which plays an important role in shaping and strengthening global architecture and governance on all major international economic issues
The 100 G-20 meetings have been held in 41 cities, covering 28 states and union territories of India, MEA said.
G20 countries are responsible for over 80 per cent of the world's global emissions. It will be targeted policy decisions in these countries which will provide the market signals to deliver the transformation, UNFCCC Executive Secretary Simon Stiell said
With India set to host a crucial meeting of the foreign ministers of G20 states after five days, Astuto also said it is not a ”business as usual situation” and the crisis will have an impact on the proceedings of the grouping.
Ukraine has reclaimed 60% of the land which Russia captured since the beginning of the war in February 2022, said Ivan Konovalov; understands India’s old relationship with Moscow
The startup ecosystem is a force to be reckoned with, and it needs to be given the attention and support it deserves. Startup20, a ground-breaking initiative under the G20, aims to create a global platform for startups to thrive