Tag: g20 sherpa

G20 Sherpa Digital Payment

Digital Payment Infrastructure, One Of  Key Takeaways At India’s G20: Sherpa Kant

By LokMarg

One of the key takeaways of India’s G20 presidency is the revolutionization of Digital Payment Infrastructure, as initially very few people knew about it, but it has been taken forward extensively, G20 Sherpa Amitabh Kant said on Friday.

He further said that the digital payment infrastructure has been widely accepted as a way to bring financial inclusion.

Addressing the pre-summit briefing, Kant said, “When India started the G20 Presidency, very few people knew about Digital Payment Infrastructure and the open source model of it. This has been extensively taken forward, by both the Finance track and Sherpa track in a very rigorous manner. Digital Payment Infrastructure, has broadly been accepted as…the way to bring financial inclusion. This is the way to do fast payments, this is the way to drive the innovation of the future”.

“One of the key takeaways of India’s presidency is that it has completely revolutionalised digital payment infrastructure, which is a unique model. Its definition, its framework and how we take it forward, all of this has come into discussion in India’s G20 presidency,” he added.

He also said that the New Delhi leaders’ declaration at the end of the G20 Summit will reflect the voice of the Global South.

“The New Delhi leaders’ declaration that you will see post the Summit, you will see it as a Voice of Global South and the developing countries. No document in the world would have such a strong voice for the Global South and the developing countries,” he stated.

During the briefing, Ajay Seth, Secretary, of the Department of Economic Affairs, Ministry of Finance, said that under Prime Minister Narendra Modi’s leadership, India’s G20 presidency has focussed on issues that can make a difference in people’s lives.

“Under the leadership of our PM, the focus and the vision of India G 20 presidency is to bring focus to the global discourse issues which could make a difference to people’s lives,” he stated.

India is geared up to host the G20 Leader’s Summit in the national capital at the newly inaugurated Bharat Mandapam, Pragati Maidan.

India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country.

The 18th G20 Heads of State and Government Summit in New Delhi will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies.

A G20 Leaders’ Declaration will be adopted at the conclusion of the New Delhi Summit, stating leaders’ commitment towards the priorities discussed and agreed upon during the respective ministerial and working group meetings. (ANI)

Read More: http://13.232.95.176/

India's G20 Focus

India’s G20 Focus On Win-Win Collaboration: Amitabh Kant

By LokMarg

G20 Sherpa Amitabh Kant on Monday said that India’s G20 Presidency’s focus would be on forging win-win collaborations between developing countries, Global South, and advanced economies.

“Our perspective is that we should have a win-win collaboration between all of us. Developing countries, Global South, and advanced economies,” Kant said during a G20 Sherpa meeting in Udaipur. “We need to build new approaches. This is a unique forum for both the developed world and emerging economies. So we need to build approaches to benefit the world on key issues,” he added.

G20 Sherpa Meeting under India’s Presidency is currently underway, beginning with an overview of India’s issue notes and priorities. Kant said the forum’s first concern should be towards whose need is the greatest. “And therefore, we need to focus on the Global South as well,” he said.

“Our G20 Presidency would seek to advocate the oneness of all in accordance with our theme. One Earth, One Family, and One Future,” he added.

Day two of the G20 India Sherpas Meeting began with a session on Technological Transformation with the working groups on Digital Economy, Health, and Education. Positive and constructive discussions took place with enthusiastic participation from all G20 Sherpas.

“This year G20 organization will provide a strong impetus to innovation and sustainable development powered by digital transformation and Digital Public Infrastructure Digital Public Goods,” Kant tweeted.

The G20 or Group of Twenty (G20) is an intergovernmental forum of the world’s major developed and developing economies.

India will host over 200 meetings in over 50 cities across 32 different workstreams and would have the opportunity to offer G20 delegates and guests a glimpse of India’s rich cultural heritage and provide them with a unique Indian experience.

G20 Sherpa today interacted with Sherpas of all the Emerging Market Economies (EME). He also and held a productive discussion with the Sherpas G20 Troika comprising India, Brazil, and Indonesia.

As India takes over the Presidency of G20 amid the global crisis, Kant described this period as an “opportunity” and said the host nation will try to do everything possible to be positive and forward-looking.

“There is a lot of crisis in the world including disrupted supply chains, geopolitics, global debt, climate finance, and other challenges. A crisis is an opportunity and this (G20 presidency) is the greatest opportunity we have got,” Kant told ANI.

“We are putting together the agenda and our leadership will be very decisive and action-oriented. We will try and do everything possible to be positive and forward-looking,” he added. (ANI)

Read More: http://13.232.95.176/