G20

 

Copyright infringement not intended

 

Context: Prime Minister  unveiled the logo, theme and website of India's G20 presidency at an event in Delhi.
"India will chair the G20 from December 1. This is a historic moment for India. On this occasion, I extend my heartiest congratulations to all the countrymen," PM Modi said.

 

Details:

• Vasudhaiv Kutumbakam' is the signature of India's compassion for the world.
• Lotus portrays the cultural heritage and faith of India in bringing the world together.
• India is set to assume the presidency of the G20 from the current chair Indonesia.
• Italy and Indonesia, along with India, are part of the G20 troika: past, present and incoming presidencies.
• During the G20 Presidency, India will hold about 200 meetings in 32 different sectors in multiple locations across India.
• The G20 Summit to be held next year would be one of the most high-profile international gatherings to be hosted by India.

More on the news:

• The G-20 Leaders’ Summit will be held in New Delhi on September 9 and 10 in 2023, and Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain and the UAE will be the “guest countries” at the event.
• This would be the first time when the troika would consist of three developing countries and emerging economies, providing them a greater voice
• Discussion among all the member countries will include issues related to “women’s empowerment, digital public infrastructure, health, agriculture, education, culture, tourism, climate financing, circular economy, global food security, energy security, green hydrogen, disaster risk reduction and resilience, fight against economic crime and multilateral reforms”.
• A major challenge of the G-20 session in India will involve the ongoing crisis in Ukraine which has vitiated relation between Russia and the industrialised nations of the West most of which are members of the G-20 which represents 85% of global GDP and 75% of international trade.
• G-20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.K., the U.S. and the European Union (EU).

 

India’s G20 Presidency:

India will steer the international body as its President from December 1, 2022 to November 30, 2023.

About G-20:

• It is the premier forum for international economic cooperation, which reflects a recognition that global prosperity is interdependent and our economic opportunities and challenges are interlinked.
• G20 countries have come together to better prepare for the future.
• As a founding member of the G20, India has used the platform to raise issues of vital importance and those that impact on the most vulnerable around the world.
• Apart from the G7 countries, the G20 comprises Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea, and Turkey.
• Together, the G20 countries make up around 80% of the world’s economy and two-thirds of the world’s population.

https://timesofindia.indiatimes.com/india/what-is-g20-pm-modi-g20-logo-website-india-presidency-of-g20/articleshow/95374375.cms