G-20 finance officials confronting global weakness
Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring US dollar to a big drop in oil prices.
Apr 18, 2015, 00:11 AM IST
G20 to sidestep US on IMF reforms
The United States can block the IMF reforms because it holds a controlling share of votes.
Apr 17, 2015, 22:23 PM IST
G20 strikes hopeful tone, but officials fret over Greece
The G20, however, sounded guardedly optimistic the global economy was poised for at least a modest recovery.
Apr 17, 2015, 22:14 PM IST
G20 pledges to improve business environment, check tax evasion
Committing to resist protectionism, the G20 nations have pledged to improve business environment to promote growth and strengthen transparency to prevent cross border tax evasion.
Feb 11, 2015, 16:24 PM IST
India presses for auto info exchange to deal with black money
India has called for expeditious implementation of the automatic exchange of tax information saying it would help in tracking illegal money stashed in foreign banks.
Feb 11, 2015, 15:11 PM IST
Low oil prices won`t spur world growth: Moody`s
Low oil prices normally help grease the wheels of business and spur global economic growth, but Moody`s said Wednesday it would not revise its forecasts for the G20, citing a variety of offsets to the expected windfalls.
Feb 11, 2015, 07:20 AM IST
G20 vow to promote growth but rifts remain
They also warned of the risk of "persistent stagnation" in some leading economies due to "prolonged low inflation alongside sluggish growth."
Feb 10, 2015, 22:11 PM IST
Oil price fall allows states to 'reassess fiscal policies': G20
The recent sharp decline in oil prices will provide "some boost" to global growth and should allow states to "reassess" fiscal policies to sustain activity, the G20 leading economies said in a draft communique Tuesday.
Feb 10, 2015, 15:46 PM IST
G20 pledges decisive monetary, fiscal action if needed
The Group of 20 (G20) leading economies will pledge to act decisively on monetary and fiscal policy if needed to combat the risk of persistent stagnation, according to a draft communique obtained by Reuters on Tuesday.
Feb 10, 2015, 08:49 AM IST
G20 plan for investment targets runs into stiff opposition
Deputy Prime Minister Ali Babacan said Turkey - G20 chair for 2015 - preferred to set binding national investment targets and that the idea was under discussion. But it appeared to be struggling to win support.
Feb 09, 2015, 21:21 PM IST
G20 plans major investment initiatives in countries like India
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
Nov 17, 2014, 12:18 PM IST
PM Modi woos Australian investors; says India's policies transparent
Prime Minister Narendra Modi on Monday said India has made its policies transparent and predictable and clearly defined the procedures for businesses.
Nov 17, 2014, 08:41 AM IST
Lagarde for expeditious quota reforms at IMF
IMF Managing Director Christine Lagarde on Sunday said she agreed with G20 leaders' call for expeditious implementation of the quota and governance reforms at the global financial institution.
Nov 16, 2014, 21:08 PM IST
G20 leaders target trillions in new economic growth
G20 leaders representing the bulk of the world`s economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in some major nations.
Nov 16, 2014, 16:56 PM IST
G20 endorses PM Modi's strong pitch for repatriation of black money
In a major gain for India, the G20 summit on Sunday endorsed the need for transparency and disclosure by countries of tax information as Prime Minister Narendra Modi voiced support to the new global standard on automatic exchange to tackle the black money issue.
Nov 16, 2014, 15:18 PM IST
G20 vows to reduce cost of transferring remittances to 5%
India pushed for a reduction in the remittance costs of non-residents at the G20 summit that ended today.
Nov 16, 2014, 15:08 PM IST
G20 welcomes India-US pact; hopes it will help WTO negotiations
G20 leaders on Sunday hoped that it will put WTO negotiations back on track and facilitate the implementation of trade pact which is necessary for driving growth and generating jobs.
Nov 16, 2014, 15:02 PM IST
G20 leaders vow to boost global GDP by over $2 trillion
The statement said that the global economy is being held back by a shortfall in demand, while addressing supply constraints is key to lifting potential growth.
Nov 16, 2014, 13:43 PM IST
G20 vows to put in place tax info exchange mechanism by 2017
The leaders of 20 developing and developed countries also endorsed the action plan to tackle Base Erosion and Profit Shifting (BEPS), which would be finalised in 2015.
Nov 16, 2014, 13:37 PM IST
PM raises black money issue at G20 Summit
Touching upon the resilience of the financial system in the world, Modi said it will also depend on cyber security. He also proposed to the G20 to set up a global virtual centre for clean energy research and development.
Nov 16, 2014, 09:45 AM IST
