China, Russia object to common statement issued by the FMCBG condemning Russia’s invasion of Ukraine. China says meeting not right forum to discuss geopolitical issues.
She emphasised the need for strengthening global financial safety net, including reviewing IMF's quota resources, which are critical for ensuring predictability of its firepower.
Finance Minister Nirmala Sitharaman says progress made on various issues like regulation of crypto assets, restructuring of debt & taxation frameworks, but these are 'possible takeaways'.
Russia hit back, accusing West of turning work on G20 agenda into “farce” and said Western delegations wanted to shift responsibility for their economic failures onto Moscow.
By David Lawder and Aftab Ahmed BENGALURU (Reuters) - U.S. Treasury Secretary Janet Yellen accused Russian officials attending a G20 finance leaders meeting of being "complicit" in atrocities in
Liu Kun, China's finance minister, said international financial institutions & commercial creditors should follow the principle of 'joint action, fair burden' in debt settlements.
International Monetary Fund has forecast global GDP growth for 2023 at 2.9%, up from a 2.7% forecast in October, but still well below the 3.4% achieved in 2022.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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