IMF Deputy Managing Director Gita Gopinath has said under India's presidency, G20 can make progress in three areas, namely debt relief...

G20 Under India Can Make Progress In Debt Relief, Climate Fund: Gopinath

International Monetary Fund’s First Deputy Managing Director Gita Gopinath has said under India’s presidency, G20 can make progress in three areas, namely debt relief, cryptocurrency regulations and climate finance.

The IMF official took part in the deliberations at the First G20 Finance and Central Bank Deputies Meet in Bengaluru had tweeted a video clip on a social media website, explaining these areas.

Gopinath on Thursday said, “The first is in the area in debt. We have a large number of low-income countries that are in dire distress. While we have the G20 framework to help with their resolutions, we absolutely need to improve on the strength of their mechanism and get a much more timely resolution. That would be clear progress,” she said.

On cryptocurrency regulations, Gopinath said: “The second is in the area of crypto regulation. After the meltdown that we have seen recently, it is clear that we need internationally-agreed standards on regulations. Progress on that front, being able to accomplish that in 2023 would be a concrete outcome.”

On the subject of climate finance, Gopinath said, “For developing countries to adapt to climate change, to contribute climate mitigation, they will need a much higher financing and that’s the third area where concrete progress could be made.”

The first G20 Finance and Central Bank Deputies Meet saw over 160 foreign delegates including deputies from G20 member countries, invitee countries and international organisations.

This meeting marked the beginning of the G20 Finance Track under the Indian Presidency. Over the course of two days, seven discussion sessions and two side events were organized. The delegates were also given a glimpse of the traditional as well as the contemporary culture of Karnataka through a vivid display of different art forms, the statement said. (ANI)

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India-Russia Summit

India-Russia Summit Not To Take Place This Year

The annual India-Russia summit in which Prime Minister Narendra Modi was slated to meet with Russian President Vladimir Putin is unlikely to take place this year due to “scheduling issues” sources said.

“Reports of PM Modi not meeting Putin due to nuclear threat is baseless. The meeting is not taking place due to scheduling issues,” sources told ANI.
The annual summit between the Indian Prime Minister and the Russian President is the highest institutionalized dialogue mechanism in the strategic partnership between the two countries.

Several media reports speculated that the annual in-person summit had been cancelled due to the Russian President alleged threats to use nuclear weapons in the Ukraine war.

“The meeting between New Delhi and Moscow is not taking place due to scheduling issues,” the sources said adding that the decision has nothing to do with the ongoing Ukraine conflict.

Since 2000, India and Russia have maintained an annual summit mechanism. The last annual summit was held at the Hyderabad House in New Delhi in December 2021 which Putin attended in person and this year PM Modi was slated to travel to Moscow for the summit.

Due to COVID-19, in-person summits were not held in 2020.

In 2021 PM Modi and Putin held their first 2+2 Ministerial Dialogue and also signed an agreement for the procurement of 6,01,427 assault rifles AK-203 through Indo-Russia Rifles Pvt Ltd, under the military-technical cooperation arrangement for 2021-31. The India-Russia 2+2 Dialogue marked the first 2+2 meeting between the foreign and defence ministers of the two countries.

In September this year on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Uzbekistan’s Samarkand when the two leaders met for a bilateral meeting, PM Modi told President Putin that this was “not an era of war.” This statement by PM Modi also was cited at the G20 Summit in Indonesia’s Bali.

In November this year, External Affairs Minister S Jaishankar visited Moscow and held talks with his Russian counterpart Sergey Lavrov in which Jaishankar raised concern about the consequences emanating from the Ukraine conflict that have affected energy and food security around the world.

Holding the press briefing with Lavrov, Jaishankar said he exchanged views on international issues with the Russian side, in which the Ukraine conflict was the dominant feature.

On November 17, Russian Deputy Foreign Minister Sergey Vershinin was received in New Delhi by Vinay Kwatra, India’s Foreign Secretary, and held extensive foreign policy consultations with Sanjay Verma, Secretary (West). Following the talks, India and Russia agreed to “deepen cooperation” on counter-terrorism issues and “enhance bilateral coordination” at the United Nations.

India and Russia have also held wide-ranging discussions on issues on the United Nations Security Council agenda and recent developments, according to a statement by the Russian Foreign Ministry.

Vershinin congratulated India on its upcoming Presidency of the UN Security Council in December 2022. (ANI)

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G20 Presidency India

Receiving G20 Presidency Is A Huge Opportunity: Modi

Before the start of the Winter Session of the Parliament, Prime Minister Narendra Modi on Wednesday said that India receiving the G20 Presidency is a huge opportunity.

Addressing media persons before the start of the first day of the Winter Session of Parliament, PM Modi said, “It’s the first day of Winter Session. This session is important because we met before 15th August. 75 years of Independence completed on 15th August and we are going ahead in Azadi ka Amrit Kaal. We are meeting at a time when India has received the opportunity to preside over the G20.”
“The manner in which India has made a space in the global community, the manner in which expectations with India have risen and the manner in which India is increasing its participation on a global platform, at a time like this, India receiving the G20 Presidency is a huge opportunity,” PM Modi said.

“This G20 Summit is not only a diplomatic event, but it is also an opportunity to showcase India’s capability to the world. Such a large country, mother of democracy, such diversity, such capability-it’s an opportunity for the world to know India and for India to show its capability to the world,” he added.

The G20 or Group of 20 is an intergovernmental forum of the world’s major developed and developing economies. India formally assumed the G20 Presidency on December 1.

Last month, Indonesia handed over the G20 presidency to India in the presence of PM Modi at the Bali summit for the coming year.

It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union.

The winter session of the Parliament will begin on Wednesday. The session will have a total of 17 working days.

The BJP-led Central government’s agenda for the winter session of Parliament includes 16 new bills. (ANI)

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4th Industrial Revolution Modi

G20 Presidency Pride Of India, Nor Of A Person Or Party: Modi

Prime Minister Narendra Modi on Monday, during the all-party meeting, termed India getting the G-20 presidency a “matter of pride” for India, and sought cooperation from all.

“It’s an honour that has come to India and not a party or person. It’s every Indian’s pride. The pride will be for India and therefore we must all work in cooperation,” PM Modi said as per the sources.

Prime Minister Narendra Modi on Monday chaired an all-party meeting to underscore the significance of India’s presidency of the G20 and brief the leaders about the government’s approach.

Home Minister Amit Shah, Defence Minister Rajnath Singh, Finance Minister Nirmala Sitharaman, and External Affairs Minister S Jaishankar were among the leaders present at the meeting.

Congress leader Mallikarjun Kharge of Congress, West Bengal Chief Minister Mamata Banerjee, Delhi Chief Minister Arvind Kejriwal, Tamil Nadu Chief Minister MK Stalin, and Odisha Chief Minister Naveen Patnaik were among those present at the meeting which is taking place at Rashtrapati Bhavan.

India formally assumed the G20 Presidency on December 1.

The G20 or Group of 20 is an intergovernmental forum of the world’s major developed and developing economies. Last month, Indonesia handed over the G20 presidency to India in the presence of PM Modi at the Bali summit for the coming year. (ANI)

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Make Every Indian Part Of G20 Presidency Glory: Modi

Prime Minister Narendra Modi was greeted with thunderous applause when he arrived at the BJP headquarters in Delhi on Monday afternoon to address a meeting of national office-bearers.

BJP national president JP Nadda lauded the efforts made by the Narendra Modi-led government in ensuring India gets the G20 presidency for the period of an entire year.

Addressing his party colleagues, Prime Minister Narendra Modi highlighted what the G20 presidency meant for a country like India. He also instructed the party workers to focus on making this occasion glorious. “Make each and every Indian feel proud of this achievement and make them also a participant of this historic occasion,” sources said quoting Prime Minister Modi.

The sources further said that on the instructions of the Prime Minister, the party is likely to look at organising various events and programmes, with a focus on public participation, to showcase India’s prowess both culturally as well as traditionally.

The first G20 Sherpa meeting under India’s presidency started in Rajasthan’s Udaipur on Sunday. This was the first of the 200 such meetings that will take place across 55 cities in India over the next one year.

On Monday evening, at Rashtrapati Bhavan, a meeting of all political party presidents has been convened by the government to brief them about India’s G20 presidency. Top political leaders and party presidents, including Mallikarjun Kharge of Congress, Trinamool Congress supremo Mamata Banerjee, DMK chief MK Stalin and Naveen Patnaik of the Biju Janata Dal will be present at the meeting.

India formally assumed the G20 presidency from Indonesia on December 1.

The G20 or Group of 20 is an intergovernmental forum of the world’s major developed and developing economies.

Last month, Indonesia handed over the G20 presidency to India in the presence of PM Modi at the Bali summit for the coming year. (ANI)

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India's G20 Focus

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

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)

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India's G20 Presidency

First Time Setting Own Agenda: G20 Sherpa Kant On India’s Presidency

India’s G20 Presidency has come at a time when the world is under political turmoil and there are challenges of geopolitical crisis in Europe, breakdown of supply chains, the situation of climate action, and poverty, said G20 Sherpa Amitabh Kant during a panel discussion in Udaipur on Sunday and added that India believes every crisis is an opportunity.

“There’re challenges of geopolitical crisis in Europe, breakdown of supply chains, the crisis of climate action, poverty, inflation & slowdown of global growth. Amid such a crisis India is taking the G20 presidency, we believe every crisis is an opportunity,” Kant said at the first side event of G20, ‘Transforming Lives: Accelerating Implementation of SDGs – A panel discussion’.
He further stated that when there is a surge in inflation and a slowdown of global growth, India is not only taking the G20 presidency but also rolling out its own agenda.

“So far we were getting agendas from the developed world, this is the first time we are setting out our own agenda, and we will tell that we are the mother of democracy,” Kant said.

In an off-the-record media interaction, Kant further highlighted how India played a significant role in Bali as a balancing act in the communique and focussed on economic issues, not geopolitics.

“In Bali, India played a very significant role as a balancing act in the communique where we focussed on economic issues and not on geopolitics. Everybody accepted that, including Russia and China. The PM’s statement “today’s era is not of war” was also a part of that communique,” he said.

Kant said India is taking over the presidency of G20 at a time of crisis and the responsibility is a huge honour.

“India is taking over the presidency of G20 at the time of crisis. But we believe that every crisis is a huge opportunity and actually, leadership is about finding path-breaking solutions in the midst of crisis. And therefore, we strongly believe that we should really accelerate the pace of implementation of sustainable development goals. And that is why today’s discussion is kicking off ..I think this responsibility is a huge honour,” he added.

G20 is the most significant grouping, like the UN, where reaching a consensus can be challenging. It was institutionalized in 2008 after starting in 1999.

Responding to a media query on why Udaipur was being selected for the G20 Sherpa meeting, Kant said, “This is G20’s first meeting. We selected Udaipur because no other tourism destination is better than this. Good infrastructure and peaceful atmosphere. Our PM wants to promote tourism. We want to make Udaipur a global destination.”

Along with G20 Sherpa, Amitabh Kant, the dignitaries who marked their presence during the event were Former UN Assistant Secretary-General and Deputy Executive Director of UN Women on women-led development, Lakshmi Puri, Member of Economic Advisory Council to the Prime Minister on the economic growth for the SDGs, Sanjeev Sanyal, UN Resident Coordinator of India, Shombi Sharp among many others.

Upon their arrival in Udaipur for the first G20 Sherpa Meeting, delegates received a rousing and enthusiastic welcome in the city of lakes. They were welcomed with traditional Indian culture style with folk artists displaying Rajasthani culture and children welcoming the guests. The guests arrived for the first G20 Sherpa Meeting which is being held from December 4-7 and will be presided over by the Indian Sherpa Amitabh Kant.

Various cultural presentations of Rajasthan will be held during evenings from December 4 to 7. Various cultural programmes will be organised by the Tourism Department during evenings from December 4 to 7. On the evening of December 4, world-famous Langa Manganiyar folk artist Ghazi Khan will present a colourful performance at Sheeshmahal of Hotel Leela.

On the second day, the evening of December 5, various folk artists of the state will enthral the foreign guests with the cultural programme “Colours of Rajasthan” at Jagmandir Palace.

On December 1, India formally took over the G20 Presidency for the year 2023 during which time more than 200 meetings will take place in 55 different cities. An intergovernmental meeting of the world’s leading developed and emerging economies, known as the G20 or Group of 20. Argentina, Australia, Brazil, Canada, China, France, Germany, Greece, Italy, India, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union make up this group. (ANI)

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French Prez On India At G20

I trust Modi To Bring Us Together: French Prez On India At G20 Helm

As India assumed the G20 Presidency on December 1, French President Emmanuel Macron exuded confidence in India’s leadership.

Taking to his official Twitter handle, Macron stressed that he trusts his friend Prime Minister Narendra Modi to unite everyone to establish peace and a sustainable world.
Emmanuel Macron tweeted, “One Earth. One Family. One Future. India has taken over the presidency of #G20India! I trust my friend @NarendraModi to bring us together in order to build peace and a more sustainable world.”

Earlier on Friday, December 2, Maldives President Ibrahim Mohamed Solih congratulated Prime Minister Narendra Modi after India assumed the G20 Presidency. Ibrahim Mohamed Solih tweeted, “Congratulations to PM Narendra Modi, the government, and the people of India on India assuming the Presidency of G20. I have every confidence in India’s leadership to promote diplomacy and dialogue to build consensus and find enduring solutions to pressing issues in global affairs.”

Earlier on December 1, Australian Prime Minister Anthony Albanese wished success to India on assuming the G20 presidency. Albanese tweeted, “Wishing every success to @narendramodi on India assuming the G20 presidency.”

Meanwhile, Japanese Prime Minister Fumio Kishida also congratulated PM Narendra Modi as India assumed the G20 Presidency. He looked forward to working with PM Modi in addressing various challenges faced by the international community.

“Congratulations, PM Modi @narendramodi, on assuming the G20 Presidency. Japan India As the G7 Presidency next year, I also look forward to working closely with you in addressing various challenges that the intentional community faces,” Fumio Kishida wrote on Twitter.

Notably, India formally assumed G20 Presidency from Indonesia on December 1. The G20 or Group of Twenty is an intergovernmental forum of the world’s 20 major developed and developing economies.

The theme of India’s G20 Presidency is “Vasudhaiva Kutumbakam – One Earth One Family One Future,” according to the press release issued by the Ministry of External Affairs. During its presidency, India will host more than 200 meetings in over 50 cities across 32 different workstreams.

In addition, India will 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. In November, PM Narendra Modi launched the G20 website and India took over the social media handles, including the Twitter handle from the previous Presidency. (ANI)

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modi lauded a weaver from Telangana

Modi Gives Shout-Out To Telangana Weaver To Highlight Common Man’s Pride In Hosting G20

Prime Minister Narendra Modi, while addressing the 95th episode of his monthly radio programme ‘Mann Ki Baat’ on Sunday lauded a weaver from Telangana who gifted him a self-woven logo of the G20 Summit which will be hosted by India next year.

Mentioning Veldi Hariprasad Garu who hails from Rajanna Sircilla district of Telangana, the Prime Minister said that he has a mastery over his skills and he was “surprised to see this amazing gift”.

“A weaver from Rajanna Sircilla district of Telangana Veldi Hariprasad Garu has sent me a self-woven logo of G20. I was surprised to see this amazing gift. He has such mastery over his skills that it attracts everyone. He also sent me a letter. He says that hosting the G20 Summit next year is a matter of immense pride for India. To celebrate this achievement, he made this logo. he inherited this talent from his father,” he said.

“Today, many people like Hariprasad Garu have sent letters to me saying that their hearts have swelled with pride at the country hosting such a big summit. They have highly appreciated India’s pro-active efforts regarding G-20,” PM Modi added.

The Prime Minister said that he had the privilege of launching G20 logo and website of Presidency of India, and the logo was chosen through a public contest.

“When I received this gift sent by Hariprasad Garu, another thought came to my mind,” he said.

The Prime Minister said that India’s Presidency of the G20 Summit shows India’s growing importance on a global stage.

“Leading a group of nations that account for 85 per cent of trade is a huge responsibility and opportunity,” he said.

Calling the G20 presidency an “opportunity” for India, the Prime Minister said that the country has to focus on global good.

“G20 presidency is an opportunity for us. We have to focus on global good, be it peace, unity or sustainable development, India has the solution to challenges related to these things. We have given the theme of ‘One Earth, One Family, One Future’,” he said.

“I extend warm welcome to you all in ‘Mann Ki Baat’, once again. We are fast moving towards the century of Mann Ki Baat. Before every episode, reading letters, listening to audio messages; it is like a spiritual experience for me,” the Prime Minister added. (ANI)

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Russia-Ukraine war Farooq

Farooq Hopes Modi Will Be Successful In Ending Russia-Ukraine War

National Conference chief Farooq Abdullah on Monday expressed hope that Prime Minister Narendra Modi would be successful in “ending the Russia-Ukraine war” that has stretched for nearly nine months.

The NC chief stated that the war has created havoc on the global economic situation.
“I am happy that India has got the presidency of the G20 Summit. It could be that India has the burden of all these countries. And I hope that the Prime Minister will be successful in ending the Russia-Ukraine war which has created havoc on the economic condition,” Abdullah said while talking to the reporters here.

The war that started in February this year has claimed the lives of thousands of people on both sides.

Abdullah’s statement comes after the G-20 communique in Bali echoed Prime Minister Narendra Modi’s message to Russian President Vladimir Putin, as it said that “Today’s era must not be of war.”

PM Modi, in his statement to Putin in a bilateral meeting on the margins of the Shanghai Cooperation Organisation summit in Samarkand in September this year, had said “now is not the time for war”, referring to the war between Russia and Ukraine.

The G 20 communique said, “It is essential to uphold international law and the multilateral system that safeguards peace and stability. This includes defending all the Purposes and Principles enshrined in the Charter of the United Nations and adhering to international humanitarian law, including the protection of civilians and infrastructure in armed conflicts. The use or threat of use of nuclear weapons is inadmissible. The peaceful resolution of conflicts, efforts to address crises, as well as diplomacy and dialogue, are vital. Today’s era must not be of war.”

The NC chief further took a swipe at Union Home Minister Amit Shah over his “will talk to Kashmiri youth instead of Pakistan” remark during his rally in J-K, and said that India has a fight with Pakistan and that we will have to talk to the neighbouring country.

“The other thing is that regarding the problems that we have with our neighbour, it may be possible that the countries will find a solution to it. Home Minister says that he will talk to the youth and not Pakistan. But the fight is against Pakistan, not the children. I am tired of telling him to have talks with Pakistan. India has to talk to Pakistan at some point in time,” he said.

“There is nothing like radicalisation. We are fighting a low-intensity war. There is no other way,” Abdullah added.

The former chief minister of Jammu and Kashmir, talking about the elections that are due to be held in the Union Territory, said that it is up to the Election Commission and the Centre to conduct the polls.

“As far as the elections are concerned, we don’t know when they will be conducted. It is my duty to come and talk to the people and bring out their condition in front of the parliament and the Centre. It is up to the Election Commission and the government of India when to conduct the elections,” he said. (ANI)

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