Why in news
In history India 1st time hosting G 20 summit In 2023 India Happy to hosting , with 43 heads in attending the final New Delhi 9-10 September 2023 India.
The G 20 summit scheduled to take place in Bharat Mandapam International Exhibition-Convention Centre, Pragati Maidan, New Delhi 2023. It was first-ever G20 summit to be held in India as well as in south Asia.
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Table of Contents
What is G20 summit
The group of 20 that [G20] will hold its 18 the head of state and government summit in New Delhi, India.
The meeting in 2023 will Centre of the theme ‘’ One Earth, One family, One Future’’.
Or Vasudhaiva Kutumbakam Under the India presidency. Sustainable Development Goals (SDGs} LIFE [Lifestyle for Environment]
The Subject upholds the importance of people, animal, plants and microorganisms as well as their independence on the earth.
At the summits summary anticipated adopts a Leaders declaration that expresses the commitment of the leaders to the issued that were debated and chosen as top priorities ministerial and working group meeting.
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19 nations and EU make up the G20.
Saudi Arabia, south Africa, turkey, The United Arab Emirates, Argentina, Australia, Brazil, Canada, china, Germany, France, Indonesia, Italy, Japan, The Republic of Korea, Mexico, Russia, India, The US.
Which Year was the G-20 summit first held.
20 countries came together in 1999 to form which known as the G20.
But 1st summit 14-15 November 2008. Host United States national building Museum Washington D.C.
17th summit 15-16 November 2022. Host Indonesia The Apurva Kempinski,Bali.
18th summit 9-10 September 2023 Host India Pragati Maidan, New Delhi
Cost for hosting G20 summit India -$ 125 Million.
19th summit 2024 host Brazil.
G 20 summit in 2023 India happy
Current CO2 emissions gap consistent with 1.5°C in 2030 is estimated to be 20.3 billion tonnes–23.9 billion tonnes of CO2.
The G-20 Leader’s Declaration the need for USD 5.8-5.9 trillion in the pre-2030 period required for developing countries….as well as USD 4 trillion per year for clean energy technologies by 2030 to reach net zero by 2050
Global economic growth and stability .Years of challenges and crises have reversed gains in the 2030 Agenda and its Sustainable Development Goals (SDGs). Global greenhouse gas (GHG) emissions continue to increase, with climate change, biodiversity loss, pollution, drought, land degradation and desertification threatening lives and livelihoods
Rising commodity prices, including food and energy prices are contributing to cost of living pressures. Global challenges like poverty and inequality, climate change, pandemics and conflicts disproportionately affect women and children, and the most vulnerable. We highlighted the human suffering and negative added impacts of the war in Ukraine with regard to global food and energy security, supply chains, macro-financial stability, inflation and growth, which has complicated the policy environment for countries, especially developing and least developed countries which are still recovering from the COVID-19 pandemic and the economic disruption which has derailed progress towards the SDGs. There were different views and assessments of the situation.
G 20 Summit MSMEs
We recognise that start-ups and MSMEs are natural engines of growth.
the role of digital transformation, AI, data advances, and the need to address digital divides. We endorse the G20 Principles on Harnessing Data for Development (D4D) and welcome the decision to launch Data for Development Capacity Building Initiative, and other existing initiatives.
G 20 Summit Goal India
We commit to global food security and nutrition for all in line with the G20 Deccan High-Level Principles on Food Security and Nutrition 2023. To achieve Focus on strengthening primary health care and health workforce and improving essential health services and health systems to better than pre-pandemic levels, ideally within the next 2-3 years,
Promote the One Health-based approach driven by the One Health Joint Plan of Action (2022-2026)
Promote and improve access to mental health services and psychosocial support in an inclusive manner
Recognize the importance of foundational learning literacy, numeracy, and social emotional skills as the primary building block for education. Extend support to educational institutions and teachers to enable them to keep pace with emerging trends and technological advances including AI. The G20 reaffirms that gender equality is of fundamental importance, and that investing in the empowerment of all women and girls, has a multiplier effect in implementing the 2030 Agenda.
G20 Education Ministers’ Meeting Outcome Document and Chair’s Summary (22 June 2023, Pune)
G20 Foreign Ministers’ Meeting Chair’s Summary and Outcome Document (1-2 March 2023, New Delhi
First G20 Finance Ministers and Central Bank Governors Meeting Chair’s Summary and Outcome Document (24 – 25 February 2023, Bengaluru)
G 20 summit Plans to Explore Crypto regulation India and Other countries
ndia may Wait to Firm Domestic Laws. Regulatory Frame work for Crypto assets India wait a while longer before firming up its domestic regulator.
IMF [International Monetary Fund] Directore Kristalina Georgiev said more work lies a head in digital money and crypto currency/ assets.
In India mooted by RBI [Reserve Bank Of India ] Under Government 30% tax paid Crypto currency.
Empower Summit Held
The G20 Empower summit under India G20 presidency held in Gandhinagar 1 August 23.
Union women and child development minister Smriti Irani inaugurate the summit.
The theme of the two day conference
“women led development Ensuring sustainable inclusive and equitable global economic growth”
Tourism working group meeting
The third meeting of the G20 Tourism working Group hold on 22 May 23 in Srinagar Jammu and Kashmir. The meeting focused on five key priority areas, included green tourism digitization skilling MSME and destination management the sustainable development goals by 2030. The objective of the meeting was to strengthen economic growth, preserve cultural heritage and promote sustainable development.
G 20 first Disaster risk reduction working group meeting
The first G20 Disaster Risk Reduction working group meeting was held under India G20 chairmanship in Gandhinagar, Gujarat meeting 30 march 23.
The meeting was Dr. P.k.mishra principal secretary to the P.M and devsingh Chauhan minister of state for communications.
Formal meeting of G20 foreign ministers
The G20 foreign ministers meet kicked off New Delhi on 1 march 23.the event attended by the likes of US secretary of State Antony Blinken, Chinese minister qin gang, british foreign secretary james cleverly and Australias penny and other. India has taken over the G20 presidency this year and it hosting the foreign ministers meet in delhi.
Global food Regulatory summit 23
The global summit 23 held in Delhi for as a G-20 event 21 July 23.the summit held outside rome Italy for the first time. the two days conference is being organized by the FSSAI under the ministry of health and family welfare at Manekshaw auditorium New Delhi.
The summit serve as platform for food regulators from over 40 countries to collaborate and work together.
Space economy leaders
The 4th edition of G20 space economy leaders meeting was in Bengaluru on 7 July 23. This is the first face-to-face meeting under the umbrella of the G20 previous meeting held virtually a hybrid format.
The theme of the fourth edition is towards a new space ERA
The theme is in line with the overarching theme of the G20 summits which is one earth one space and one future.
Digital economy working
MeitY organized the first digital economy working group meeting in Lucknow 13-15 February 23. The 3 day meeting showcased india digital transformation journey.
Digital public infrastructure, cyber security and digital skilling first time introduced in india 2017.
Conclusion
The G20 summit hosted first ever time in India. Presidency time of India November 2023 than 19th summit G20 presidency Brazil 2024.
if you like to read more about IS INDIA READY FOR ELECTRIC VEHICLES 2023-24 go to this link
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