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An Overview of G20 Summit 2017

Summary

The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. Founded in 1999, the G20aims to discuss policy issues pertaining to the promotion of international financial stability.

Indian economy is doing well. Our reform agenda is moving at a quick pace including the arrival of GST, our biggest tax reform. BRICS has to be a voice of stability, reform, progress and governance at the world stage. On issues like climate change and terror, the role of BRICS is important: PM, Modi…

G20: PM Modi emphasises need for cooperation in a world of opposing realities. Climate change: PM Modi says developing countries need more space to grow at G20. Skill India, Digital India, financial inclusion schemes are India’s own initiatives in consonance with SDGs…

Here is the list of 10 points that the prime minister suggested at the summit:

1) Strict action must be taken against countries supporting terrorism. These nations should be banned from entry in the G20 group.

2) List of suspected terrorists should be exchanged between G20 countries. All G20 countries should jointly take actions against these terrorists and those supporting them.

3)  In order to make cooperation among countries more effective, legal processes like extraditions should be simplified.

4) Adoption of Comprehensive Convention on International Terrorism.

5) Proper implementations of United Nations Security Council resolutions and other countries.

6) Joint efforts by G20 countries on de-radicalisation programmes.

7) Close off funding related to terrorism through FATF and other processes.

8) Like FATF, the Weapon and Explosive Action Task Force (WEATF) must be formed in order to destroy sources providing dangerous weapons to terrorists.

9) Cooperation between G20 nations on cyber security in order to fight the menace of terrorism.

10) Formation of the mechanism for National Security Advisors on Counterterrorism in G20.

G20 Summit 2017: Prime Minister Narendra Modi today welcomed G20 plan of action to counter global terrorism. He also presented a 10-point agenda to counter the menace. In his ten points, the prime minister said that strict action should be taken against countries supporting terrorism. In effect, Pakistan stands cornered over the fact that terrorists have found a safe haven in the country and have been launching attacks from there. PM also suggested that the list of suspected terrorists should be exchanged between G20 countries. The prime minister also suggested that more cooperation should be among G20 nations on cyber security in order to fight the menace of terrorism. He added that extradition process should be made more simplified. Here is the list of 10 points that the prime minister suggested at the summit. Read full list:

Prime Minister Narendra Modi during his remarks at the second working session of G20 Summit in Hamburg on ‘Sustainable development, climate and energy’, PM Modi emphasized need for cooperation in world of opposing realities. PM Modi spoke at length about tech facilitation, ODA commitments, infrastructure, labour mobility and health. He said that G20 needed to step up its role in these sectors.


PM Modi spoke about India’s initiatives for SDG targets through consistent roadmap for implementation and the National Review as per UN guidelines. He proposed international coalition of countries that can identify tech, develop systems and build capacities, and added that India was ready to lead. Stressing on climate change, PM Modi remarked that developing nations needed to have more space to grow. PM Modi also emphasized that Skill India, Digital India and financial inclusion schemes were India’s own initiatives in consonance with SDGs.

Moreover;

  • Donald Trump and Vladimir Putin shared a convivial meeting in which Trump seems to have confronted Putin about tampering in the US election, which Putin denied.
  • The White House wants to “move forward” from the hacking accusations and accepts “intractable disagreement” with Russia on the matter, US secretary of state Rex Tillerson said later.
  • Trump and Putin “connected very quickly”, Tillerson said afterward. “There was a very clear positive chemistry between the two.”
  • The two sides talked about counter-terrorism, cyber-crime,election tampering, Syria, Ukraine and more in a meeting that went nearly 140 minutes – almost two hours longer than planned.
  • The US and Russia announced a ceasefire in southern Syria, where conflict activity has varied over the last two years.
  • Trump and Putin, whose regime is implicated in the murder of journalists, shared a chuckle about conflict with the media.
  • Putin seemed in a good position to claim a win from the outing.
  • German chancellor Angela Merkel said there had been “very difficult” talks on trade.
  • British prime minister Theresa May spoke about possible future trade deals with counterparts including Japan, China and others.

The leaders of the 5 BRICS countries held an informal meeting on the sidelines of G20 Summit in Hamburg, Germany. This was in run up to the forthcoming 9th BRICS Summit in September in Xiamen, China. President Xi of China said he looked forward to welcoming the BRICS leaders. In their interventions, the leaders discussed preparations and priorities for the forthcoming Xiamen BRICS Summit.

Prime Minister mentioned that BRICS has been a strong voice and needs to show leadership on terrorism and global economy. He stressed that G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors. Referring to reforms in India, including the recent introduction of GST, PM stated that it was necessary to work together for sustained global economic recovery.
He advocated collective voice against the practices of protectionism, especially in the spheres of trade and movement of knowledge and professionals. He reiterated India’s commitment to implementing Paris Agreement in letter and spirit and described its implementation globally as essential to fighting climate change.  He called for expeditious action to establish BRICS rating agency and stated that cooperation on development of Africa should be a priority.  He also called for greater people-to-people exchanges.


The Prime Minister appreciated momentum in BRICS under the Chairmanship of President Xi and extended full cooperation and best wishes for the BRICS Xiamen Summit.

Concluding the meeting immediately after PM’s remarks, President Xi appreciated India’s strong resolve against terrorism and the momentum in BRICS introduced under India’s Chairmanship and through the outcomes of the Goa Summit in 2016. He also appreciated India’s success in economic and social development and wished India even bigger success.
The annual meeting of the G20—the leaders of the world’s 19 wealthiest nations plus the European Union—is traditionally greeted with fierce anti-globalization protests, and this weekend’s summit in Hamburg is no exception.Anti-globalization protestors have been planning for the summit for months, and their job is made easier by the fact that Germany chose—to the dismay of Hamburg’s police—to hold it at a venue in the middle of the city, guaranteeing major disruptions.
Over 100,000 protestors are expected to attend, and already dozens have been arrested, while over 150 police officers have been injured. The violence and tension aside, the summit is still vital for global economic stability. It is the only time the leaders of the world’s top economies may be gathered in one room to discuss the economic challenges that the world is facing.

Why are people in Hamburg protesting the G20 Summit?

In short, In brief, the reason people protest against Trump is because he is an incompetent egomaniacal liar. As for Putin, he’s a dictator, has ordered the murder of numerous opponents. So much for democracy in post Soviet era Russia. Erdogan is Putin-lite, tries to pull the same shit as Putin but can’t get away with it as easily because Turkey has some democratic traditions. The world could do quite well without all three of them if they all decided to go off and play golf at one of Trump’s clubs for the rest of their lives.

It is heavily protested against by various groups. The most predominant of which has been anarchists. The anti-capitalist left is relatively strong here in Germany, meaning that some people see those summits as gatherings of “cruel” capitalist nations and want to protest against that. Others are unsatisfied with the result of those summits because they produce just non-binding declarations of intentions without solutions for real problems.

Then there are people who think these 20 countries do not have a legitimacy to speak on behalf of the world, considering for example that just one African country (if I’m not mistaken) is represented there. And in this particular time, many people do not want to accept that people like Trump, Putin and Erdogan are treated nicely, although they make more or less repressive policies. They see that as a betrayal of Western values. Those protesters are a very heterogeneous group and you also have to distinguish between the motifs of violent and non-violent protesters..

Know More about G20

  • The Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making.
  • It is deliberating forum for the governments and central bank governors from 20 major economies on economic issues and other important development challenges.
  • It was started in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the Southeast Asian (Tiger economies) financial crisis. It was established for studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
  • In 2008, the first G20 Leaders’ Summit was held in Washington DC, US. The group had played a key role in responding to the global financial crisis.
  • It comprises total 19 countries plus the European Union (EU), representing 85% of global GDP, 80% of international trade, 65% of world’s population.
  • Its members include Australia, Argentina, Brazil, Canada, China, India, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, Russia, Turkey, South Africa, UK, US and EU…

Crisis in Yadav & Nitish Ties, Bihar

For about 2 decades there has been a lot of emphasis on religion in India & Pakistan. Is that good? Has this helped these nations?