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Prime Minister Narendra Modi is presently in Italy on his first foreign visit after being re-elected as the PM for the third time in a row to attend the 50th Summit of the G7 countries -- Italy, Canada, France, Germany, Japan, the UK, and the US. This is PM Modi's fifth consecutive participation at the G7 Summit. Given the increasing economic clout of India, the country cannot be outside the major policy issues confronting the Western economies. How India compares wit...
India`s rising economic clout makes it key constituent of G7 meet
Industry ministers of the Group of Seven (G7) have said that artificial intelligence (AI) is crucial for achieving sustainable development, but needs to be implemented in a balanced and safe way. After a two-day meeting in the Italian cities of Verona and Trento, the G7 on Friday committed to achieving an appropriate balance between fostering innovation and the need for appropriate guardrails in promoting a safe, secure and trustworthy AI, Xinhua news agency reported. "We recognize...
G7 industry ministers commit to `safe and reliable` AI
India expects little disruption to its diamond industry from an incoming ban by G7 countries on Russian gems, a trade ministry official said on Friday, because the country mostly processes smaller Russian diamonds which will be less affected by the new restrictions. India is home to 90% of the world's diamond cutting and polishing industry, including for some Russian diamonds. Last week, G7 nations announced a direct ban on Russian diamonds starting Jan. 1 followed by phased-in rest...
India sees minimal trade disruption after G7 ban on Russian diamonds
India expects little disruption to its diamond industry from an incoming ban by G7 countries on Russian gems, a trade ministry official said on Friday, because the country mostly processes smaller Russian diamonds which will be less affected by the new restrictions. India is home to 90% of the world's diamond cutting and polishing industry, including for some Russian diamonds. Last week, G7 nations announced a direct ban on Russian diamonds starting Jan. 1 followed by phased-in rest...
India sees minimal trade disruption after G7 ban on Russian diamonds
Commerce and Industry Minister Piyush Goyal has urged the countries participating in the G7 trade ministers meeting to enhance collaboration on a regulatory framework to facilitate cross border trade. The Group of Seven (G7) trade ministers meeting was held in Osaka, Japan. The minister said that under its G7 presidency this year, Japan has invited India, along with a few other invitee countries (Australia, Chile, Indonesia, and Kenya) to participate in the outreach programme held on...
Piyush Goyal urges G7 members to enhance collaboration on regulatory framework to facilitate cross border trade
Commerce and Industry Minister Piyush Goyal emphasised the need for public-private partnership and investment in key infrastructure for enhancing supply chain resilience in the global economy at the G7 Trade Ministers Meeting in Osaka, Japan on Saturday. Goyal said that the Covid-19 pandemic and the geopolitical events highlighted the vulnerabilities of the existing supply chains leading to an increase in commodity prices and global inflation. “The minister highlighted...
Piyush Goyal pushes for resilient supply chains at G7 meeting in Osaka
Commerce Minister Piyush Goyal will attend the Group of Seven (G7) Trade Ministers' meeting in Japan's Osaka from October 28-29. He will also have bilateral meetings with a few G7 countries, invitee countries and a few international organisations such as WTO, on the sidelines of the outreach programmes. Trade Ministers of G7 member states hold an annual meeting with the aim to meet the current global challenges related to trade and investment and to set the course for a better f...
Commerce Minister to attend G7 Trade Ministers meeting in Japan on October 28-29
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