Page 3 - B20 Summit News Today

Countries worldwide require approximately $4.5 trillion in the next 7-10 years to support their development goals, said Uday Kotak, Chair of B20 India Task Force on Financing for Global Economic Recovery. The task force recommends the establishment of a global acceleration fund where businesses would contribute 0.2% of their profits toward social development objectives. Kotak also suggests that Indian companies should allocate 0.2% of their overall CSR contributions to the global acceleration fu...

“The three pillars identified by the B20 India Task Force on Financial Inclusion for Economic Empowerment were ecosystem and enablers, products legal and regulatory requirements. We developed a framework for financial inclusion and economic empowerment, defined priorities for financial inclusion, and made policy recommendations,” Khara informed.

The B20 Chair noted that key growth drivers, including the PM Gati Shakti scheme, PLI schemes, lower corporate taxes, solid digital infrastructure, and the emerging startup ecosystem are helping India sustain a bullish momentum among all G20 nations

There is an urgent need to reform the Customs clearance framework in India if the country wants to become an export hub according to Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, at DP World.

The B20 India Task Force on Energy, Climate Change, and Resource Efficiency has recommended a just and equitable transition to clean energy that is inclusive and resilient. The task force calls for global cooperation to achieve net zero transitions and emphasizes the need for collaboration, innovation, and financing options that benefit everyone, especially in the global south. The recommendations also promote a circular economy and highlight the urgency of addressing climate change while reduci...

Gurugram-based tech firms interested in setting up in London due to venture capital funding and global demand.

“This years Task Force discussions introduced several novel and pivotal concepts that aligned with the evolving economic and business landscape. Multifaceted benefits technology being one of them,” said Mallika Srinivasan, Chair, B20 India Taskforce on Inclusive GVCs for Resilient Global Trade and Investment and Chairman & MD, Tractors and Farm Equipment (TAFE).

The B20 India Task Force on the Future of Work, Skilling, and Mobility has recommended the development of an international universal labour information management system (ULIMS) as part of the B20 center of excellence. The task force, which consists of 179 members from G20 and other countries, made seven broad points across three frameworks including the future of work, skilling, and enhancing mobility.

Artificial Intelligence, or AI, can be a source of growth - contrary to opinions it could cost millions their jobs - and will be as important to the future of knowledge as the invention of the printing press was, Microsoft's Brad Smith told NDTV.

The Global South - nations with developing, less developed or under-developed economies - will drive two-thirds of global economic growth, G20 Sherpa Amitabh Kant said Friday ahead of the summit to be held in Delhi next month.