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JAIIB-CAIIB Special 17-India to oppose multilateral rules in e-commerce at G-20 meet in Japan

Mahendra Guru

-> Developed countries, including Japan, at the G-20 Ministerial meeting on trade and digital economy at Tsukuba City, Japan.
-> Commerce & Industry Minister Piyush Goyal, who will represent India in the meet 

-> He is expected to stick to India’s stance so far of saying no to e-commerce negotiations on rules

-> G-20 comprises of the EU as a bloc and 19 countries including Argentina, India, Brazil, France, Germany, Italy, the US, China, Australia, South Africa, Turkey and the UK

-> SoftBank gets $11 b from part-sale of Alibaba stake

-> SoftBank Group Corp will book a pre-tax profit of ¥1.2 trillion ($11.1 billion) for selling part of its stake in Chinese e-commerce leader Alibaba Group Holding Ltd

-> IFC sees potential for green bond projects in India

-> International Finance Corporation (IFC) sees immense opportunities to finance projects through green bonds in India

-> Projects identified include the development of urban transportation, waste-to-energy, water treatment and green building

-> Real Economy Green Investment Opportunity (REGIO) Fund is expected to catalyse $500-700 million in multilateral and private sector capital to support well-diversified climate-smart investments in developing countries around the world

-> IFC, a World Bank member, will provide a $100-million anchor investment in the fund, with $75 million from HSBC.

-> fund will have a total life of up to 15 years

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