The United States is pushing in the G20 for agreement on a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen said on Monday.
The meeting of finance ministers and central bank chiefs of the Group of 20 (G20), hosted by India, was likely to end later in the day without a joint communique because there was no consensus on how to describe the conflict in Ukraine, delegates said.
The delegates were received at the Srinagar international airport by Union Tourism Minister G. Kishan Reddy and Amitabh Kant, G20 Sherpa. The delegates drove to SKICC where a traditional welcome with turban, tilak and flowers was accorded to them.
Sheikh Mohamed Bin Zayed thanked Saudi Arabia and King Salman for organising the G20 summit, to strengthen the international efforts to prevent the spread of coronavirus. Holding the summit highlighted the awareness of G20 members of the gravity of the situation and their international responsibilities during this critical period, he added.
In a statement issued on Tuesday by the Kingdom, the G20 will act, alongside international organisations, in any way deemed necessary to alleviate the impact of the pandemic. G20 Leaders will put forward a coordinated set of policies to protect people and safeguard the global economy.
Sheikh Mohammed said, “This summit is an evidence of the wisdom that humanity has reached over many centuries throughout its history. This wisdom says that our interest is in the cooperation, our strength is in the solidarity and that we are all one.”
The G20 Foreign Ministers’ meeting opened in New Delhi — India holds the G20 presidency this year — with the US and its European allies criticising Russia for the war in Ukraine and Russia hitting back. The same drama was enacted at the G20 Finance Ministers and Bank Governors (FMBG) meeting in Bengaluru last week.
Sanad, a global industrial services leader has signed a landmark Memorandum of Understanding (MoU) with Indonesia’s GMF, the country’s largest aircraft maintenance company.
The premier lauded the debt relief measures after Finance Advisor Dr Abdul Hafeez Sheikh called him and informed him about the planned approval of an additional $1.4 billion concessionary financing from IMF to deal with the economic impact of coronavirus.
From AOC to Christine Lagarde, everyone seems to be wondering what exactly Ivanka Trump is doing at the G20 summit. In case you haven’t encountered the video evidence already, the Elysee Palace released a short, painful clip of the First Daughter attempting to make social justice chit-chat with Lagarde,