Tag: G20 summit

The G20 Delhi Declaration is a roadmap to a more sustainable and equitable future. The declaration commits the G20 countries to accelerate the transition to clean energy and ensure energy security for all nations. It also commits the countries to working collectively to ensure that everyone has access to safe, nutritious, and affordable food. The success of the declaration will depend on the collective will and action of the G20 countries. Here are some of the key points: The declaration is a significant step towards addressing two of the most critical challenges facing humanity: energy and agriculture. It has the potential to create over 30 million jobs globally in the renewable energy sector alone by 2030 and increase global food production by 15 percent by 2040. The success of the declaration will depend on the G20 countries' willingness to implement its commitments.

Russia and India are discussing ways to invest surplus rupees that Russia has accumulated in Indian banks. The two countries are considering investments in infrastructure projects, Indian companies, or government bonds. They are also discussing the possibility of setting up a rupee-rouble trade mechanism. The discussions are ongoing and it is likely that an agreement will be reached in the near future.

The Reserve Bank of India (RBI) is set to introduce its wholesale central bank digital currency (CBDC), the Digital Rupee-Wholesale, in the call money market by October. The CBDC is expected to make the call money market more efficient by reducing transaction costs and settlement risk. The RBI is also conducting a pilot project for the retail CBDC, which is a digital version of the Indian rupee. The retail CBDC is expected to be rolled out in the coming months.