OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
14 Indian national passengers coming from UAE and Saudi Arabia were intercepted by the custom team on July 07. The incident took place at the Jaipur International airport. Over 31 kilograms of gold worth over Rs. 15 crores was recovered from them.
Australian Prime Minister Scott Morrison attended first ever 'India-Australia Virtual Summit' with Prime Minister Narendra Modi. During the interaction, PM Modi laughed as PM Morrison said, "It doesn't surprise me, this is how (virtually) we'd continue to meet in these circumstances. You are the one who started hologram in your campaigning many years ago, maybe next time we can have a hologram of you here." PM Morrison further said, "I thank you for your leadership not just within India but broadly throughout G20, Indo-Pacific and the stabilizing, constructive and very positive role that you have played in these very difficult times".
Union Commerce and Industry Minister Piyush Goyal attended a video conference meeting of commerce ministers of G-20 countries on May 14. The meeting focused on the ways to promote trade and cooperation among the G20 countries. International trade has been hit hard by the coronavirus-induced lockdowns in most of the countries.