G-20 Place To Strengthen Global Financial Stability
Post on 27,July 2019   3:00 AM
By - Miss. Vibha Yadav
views 917
Bookmark and Share

About

  • The summit on financial markets and the world economy.
  • 11th summit in Osaka, Japan.
  • International forum for the governments and central bank governors.
  • The promotion of international financial stability.

Importance of grouping

  • Members represent
    • Global GDP - 85%
    • Global trade - 75%
    • World's population - 2/3rd.
  • Presidency rotate annually.
  • Not have a permanent secretariat. Informal political forum.
  • Sherpa - personal representative of the leader of a member countries.

Crucial happenings
  • Discussions on subjects like trade, energy, climate change etc.
  • India targeted to become $5 trillion economy in 5 years.
    • Social sector as its top priority
    • Focus on infrastructure development.
    • PM Highlighted the deficiency of resources.
  • India-Japan signed exchange of letter on Ahmedabad-kobe sister city partnership.
  • India invited G-20 members to join a global coalition on disaster resilience.
  • India - Indonesia set USD 50 billion targets for bilateral trade.
  • India refused to attend the digital economy summit as his plan for "Data free flow with trust " runs counter to RBI's proposed data localisation guidelines.
2 Tri-lateral meetings
  1. JAI(Japan-US-india)
    • 2nd of kind
    • Indo-Pacific region, Connectivity and infrastructure development
  2. RIC(Russia-India-China)
    • Expand cooperation in 5G network, high technology, connectivity, energy and other areas.
    • Reforming WTO based on consensus.
    • China pointed out that rise of protectionism and unilateralism had seriously affected the stability of global landscape.
Informal BRICS meet
  • Terrorism, the biggest threat to humanity.
  • There is need to stop all the medium of support to terrorism and racism.
  • India is taking aggressive steps
    • Mitigate the effects of climate change 
    • Expand renewable energy
    • Automobile industry to shift to electric mobility.
Reduce the trade tension was another big concern though after discussion no breakthrough or big deals.
Conclusion
  • G-20 is an imp platform to discuss pressing issues and it must not be detected from it's original purposes.
  • India will host G-20 summit in 2022 and it should lead the exercise in making G-20 more effective.

 

 


Back
Comments ( 0 )
Add a comment
Your name: *
E-mail:
The content of this field is kept private and will not be shown publicly.
Title:


Related Articles

Prelims Online Test Series
JPSC 7TH Prelims Test Series Registration Link

REGISTRATION
BPSC 2020 (66TH) PRELIMS Test Series

REGISTRATION
PolyEyes Recent Updates
Most Recent Comments

Sir I've lost my admit card and I also forget my roll no

Please  help me in other ways 

by Vivek Tigga

Dear Sir,

After login when i click on attempt button to take test a error msg show "Test series ended", plesae resolve this issue.

by Tarani Kumar

sir, my name is SWARUP ANAND, my DOB- 01/03/1984, my father’s name- SANTOSH KUMAR SRIVASTWA. I have loss my admit card. Please tell my roll number.

by SWARUP ANAND

nice information

by Gulshan

BPSC mains 56th-59th me Roll No. 119040 pass hai aur PT me fail. Mahabhrstachar hai. pls see it must

by KRISHNA KUMAR

I am thankful for PolyEyes for most authentic Online BPSC Test Series. These Test are life support for working Aspirant.

by Rahul Ranjan

sir please tell the authenticity of this news .there is no such news on bpsc website and i heard 17 june as the exam date .please clarify the doubt

by Pushkar Verma

r u providing test for BPSC in HINDI medium ?

plz intimate me through emails about BPSC test packages and details of packages and its rate. how many test and when it will be taken plz send details about ur package plans.

by Rajeev Ranjan Kumar

Yes Test is available in Hindi as well English and Total Number of Test and Registration details already given above

by Help Desk

Best thing im loving about This Test series is its Explanation part. Crisp and to the Point. Thanku Polyeyes.

by Tirath Sukla
Get RSS Feeds
  • All Stories
  • Recently Published Stories
  • Most Viewed Stories
  • Just In Photos
  • Most Viewed Photos