Tag: g20 meet

Global Biofuels Alliance may be a key G20 takeaway under India’s presidency
Business

Global Biofuels Alliance may be a key G20 takeaway under India’s presidency

NEW DELHI: Global Biofuels Alliance (GBA) to speed up development of a multi-system low-carbon energy pathway could be one of the key takeaways from the weekend summit of G20 leaders under India’s presidentship of the grouping. It will reinforce India’s position in the fight against climate change and mark a second India-led idea of a multilateral platform for faster transition coming to fruition.The International Solar Alliance, jointly launched in 2015 by prime minister Naredra Modi and his French counterpart Francois Hollande at the Paris COP21 was the first such idea that had catapulted India at the centre stage of climate action.On Wednesday, the Cabinet put its stamp on the GBA, comforted by the fact that 19 countries had agreed to stand with India as initiating members of GBA at th...
PM Narendra Modi ahead of G20 Summit
Business

PM Narendra Modi ahead of G20 Summit

Days ahead of the G20 summit here under India’s presidency, Prime Minister Narendra Modi has identified inflation as a critical issue facing the world and called the debt crisis “a matter of great concern” for developing countries. He has also stressed the need for fiscal discipline by states.   In an interview with the Press Trust of India (PTI) last week, which the news agency released on Sunday, Modi observed that the Covid-19 pandemic had the world recognise India’s human-centric development model, rather than a GDP-centric view. He said the Sabka Saath Sabka Vikas model could be the guiding principle for the welfare of the world. He listed the successes of India’s G20 presidency and bemoaned previous governments’ diffidence in holding meetin...