The notification follows hectic parleys between India and Switzerland for introduction of AEOI (Automatic Exchange of Information) under guidance of G20, OECD (Organisation for Economic Cooperation and Development) and other global organisations.
Armed with glass bottles and targeting vehicles, many of which they set on fire, the protesters were pushed back by the police, using water cannon and tear gas, the police said on Twitter.
While taking “note” of the US’ decision to withdraw from the Paris Agreement, the G20 communique said, “The Leaders of the other G20 members agree that the Paris Agreement is irreversible.”
G20 summit: Mindful of the needs of emerging economies, like India, G20 leaders called for the completion of International Monetary Fund (IMF) quota reforms and vouched for a new quota formula to be implemented by 2019.
The informal interaction between Modi and Xi came a day after a top Chinese foreign ministry official had said that the “atmosphere” is “not right” for a formal bilateral meeting between them in Hamburg.
Historian Anne Applebaum took to Twitter to denounce what she described “an unelected, unqualified, unprepared New York socialite” being seen as “the best person to represent American national interests.”
PM Modi and his Norwegian counterpart Erna Solberg discussed strengthening of economic relations between the two countries. Later, Modi also invited Norwegian pension funds to invest in the National Investment and Infrastructure Fund.
“I believe it is possible. We’re not renegotiating the Paris Agreement — that stays. But I want to see the United States looking for ways to rejoin it,” May told the BBC as the two-day summit began in the German port city.
Thousands of protesters from around Europe were pouring into the port city to join big demonstrations later. Police expected around 100,000 protesters in Hamburg, some 8,000 of whom are deemed by security forces to be ready to commit violence.
Countries have also been negotiating the text of an “action plan” on climate and energy. The question is what the final text will look like.
Perhaps oddly, Germany seems to be welcoming the protest: the country’s chancellor, Angela Merkel, will meet members of non-governmental organisations from all over the world in two weeks time, as part of an unprecedented outreach to hear the concerns of social movements.
The key downside risks which could derail the fragile global recovery are – weak demand, tighter financial markets, softening trade and volatile capital flows, he noted.
The Turkish military has put in place an around-the-clock air defence system to prevent any possible missile or drone attacks.
Besides terrorism, Modi is also likely to raise issues of climate change and global cooperation to unearth black money, among others, during the two-day meeting beginning Sunday.
“Recent episodes of market volatility and currency movements again pose a lingering question on the need for global safety nets for addressing market concerns,” said Jaitley.