G20 Summit 2023 in New Delhi: All you need to know

GKS — Sat, 09 Sep 2023 19:24:14 +0000

Introduction

The world’s attention is currently focused on New Delhi, where the 2023 G20 Summit is set to take place on September 9-10. This summit marks a crucial moment in India’s year-long presidency of the G20, as leaders from the world’s most powerful nations gather to discuss global economic stability, sustainable growth, and international cooperation. In this comprehensive guide, we will delve into the origins and objectives of the G20, the significance of the summit, and the meticulous preparations made to ensure its success.

The Birth of the G20

The G20, also known as the Group of Twenty, came into existence out of necessity. In the late 1990s, the world faced financial crises, particularly the 1997 Asian financial crisis. Simultaneously, emerging economies in the Global South, including India, were gaining prominence. It became evident that existing global forums and institutions were ill-prepared to handle these changes. This realization led to the formation of the G20 in 1999, initially as the G22 in 1998.

The G20’s Objectives

The G20 comprises 19 countries and the European Union, together representing a substantial portion of the world’s economy, trade, and population. This influential group serves as a platform for international economic cooperation and plays a crucial role in shaping global governance on major economic issues. Its objectives encompass:

1. Policy Coordination: Coordinating policies among its members to achieve global economic stability and sustainable growth.

2. Financial Regulations: Promoting financial regulations to mitigate risks and prevent future financial crises.

3. International Financial Architecture: Developing a new international financial framework to adapt to the evolving global landscape.

The G20 Summit Emerges

Between 1999 and 2008, the G20 operated somewhat discreetly. However, the global financial crisis of 2008 brought it into the spotlight. As the world grappled with the worst economic crisis since the Great Depression, the G20 emerged as the primary forum for addressing such monumental challenges. The 2008 summit, known as the ‘Summit on Financial Markets and the World Economy,’ set the stage for subsequent annual summits.

How the G20 Works

The G20 functions informally without a permanent secretariat. The presidency rotates annually among its members, responsible for setting the G20 agenda, organizing its proceedings, and hosting the summits. The presidency is supported by a “troika” of previous, current, and incoming presidencies. It’s important to note that G20 decisions, while influential, do not automatically lead to implementation. Instead, they serve as policy pronouncements, with member countries or relevant international organizations responsible for implementation.

Determining the G20 Presidency

The G20 presidency rotates among its members, organized into five groups. The presidency shifts from one group to another, with each country within a group eligible for the presidency when their turn comes. The selection of the presidency for the year involves negotiations among eligible group countries.

Invitations and Guest Countries

In addition to member countries, the G20 president has the privilege of inviting guest countries, international organizations (IOs), and regional organizations (ROs) to participate in G20 meetings and the summit. This year, India has extended invitations to countries like Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain, and the UAE. Several IOs and ROs have also been invited to contribute to discussions.

The 2023 G20 Theme and Logo

The theme for the 2023 G20 Summit is “Vasudhaiva Kutumbakam – One Earth, One Family, One Future.” This theme emphasizes the value of all life on Earth, highlighting interconnectedness and sustainability. The G20 logo, inspired by India’s national flag and featuring the lotus, symbolizes hope and progress in the face of challenges.

Summit Preparations and Beautification

Delhi has undergone a remarkable transformation in preparation for the summit. Civic bodies have taken measures to enhance the city’s aesthetics, including installing sculptures, statues, and street art that depict Indian culture and history. Security measures, such as additional CCTV cameras and quick response teams, have been implemented to ensure the safety of all attendees.

Conclusion

The 2023 G20 Summit in New Delhi represents a pivotal moment in the global economic landscape. As world leaders convene to address pressing challenges and chart a course toward a more sustainable and interconnected future, the world watches with anticipation. Stay tuned for updates and insights as we follow this significant event that promises to shape our global community.

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2. The Vikram Lander and Pragyan Rover of Chandrayaan-3 have entered ‘sleep mode’

The Vikram Lander and Pragyan Rover have been placed in sleep mode by ISRO. This is because the Moon experiences nights for several days, during which the temperature on the lunar surface drops significantly.
Before entering sleep mode, the Vikram Lander performed a second soft landing, during which it lifted itself up about 40 centimeters from its initial landing site and landed again approximately 30 to 40 centimeters away.
Note: The full name of ISRO is the Indian Space Research Organisation. ISRO’s headquarters is located in Bengaluru. ISRO was established on August 15, 1969. Vikram Sarabhai is the founder of the Indian Space Research Organisation (ISRO).

3. President Draupadi Murmu unveiled the statue of Mahatma Gandhi near Rajghat in New Delhi.

President Draupadi Murmu unveiled a 12-foot-tall statue of Mahatma Gandhi near Rajghat in New Delhi.

4. India to host the G-20 Summit for the first time.

India is set to host the 18th G-20 Summit in New Delhi in 2023.
The G-20, also known as the Group of Twenty, is a forum of 19 member countries and the European Union. The summit’s theme for 2023 is “Vasudhaiva Kutumbakam,” emphasizing the idea of “One Earth, One Family, One Future.”
The member countries of the G-20 include France, China, Brazil, India, Argentina, the United Kingdom, South Korea, South Africa, Saudi Arabia, Mexico, Japan, Indonesia, the United States, Italy, Canada, Australia, Germany, Russia, Turkey, and the European Union.
The presidency of the G-20 rotates annually among member countries, and India currently holds the presidency from December 1, 2022, to November 30, 2023.
Last year, the G-20 Summit in 2022 was hosted by Indonesia.
For more details about the G-20 India Summit and its significance, you can visit the G-20 India Summit website.

5. Praveena Anjana from Udaipur, Rajasthan, has won the title of Miss International India 2023.

Note: The capital of Rajasthan is Jaipur, and the current Chief Minister of Rajasthan is Ashok Gehlot.

6. Mohan Bagan Super Giant won the Durand Cup 2023 by defeating East Bengal.

At Kolkata’s Salt Lake Stadium, Mohan Bagan Super Giant defeated East Bengal 1-0 to win the Durand Cup 2023 trophy. With this victory, Mohan Bagan Super Giant became the first team to win 17 Durand Cup titles. East Bengal has 16 titles to their name.
The Durand Cup is an annual Indian football tournament. The Durand Cup was first organized in the year 1888 in Shimla.

7. Actor R. Madhavan has been appointed as the Chairman of the Film and Television Institute of India (FTII) Society and the President of its Governing Council.

G20 Summit – GK Sarkari