G20 SUMMIT

CONTEXT:

Recently, at the G20 (Group of Twenty) summit held virtually India called for a“New Global Index” for the post-Corona world . This year’s summit was hosted by Saudi Arabia.

BACKGROUND:

G20

  1. It is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
  2. The G20 membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, 80% of global investment and over 75% of global trade

MAIN POINTS:

4 pillars

  • Talent, 
  • Technology, 
  • Transparency 
  • Trusteeship towards the planet.

Talent: 

  1. The focus must shift to multi-skilling and reskilling from capital and finance to create a vast human talent pool.
  2. Indian initiatives such as the National Skill Development Mission (NSDM) which aims to create convergence across sectors and States in terms of skill training activities is already in direction of creating a vast human talent pool.
  3. India’s New Education policy and programmes such as Pradhan Mantri Innovative Learning Program (DHRUV) are well aligned with this element.

Technology:

  1. Ensuring that technology reaches all segments of the society and the value of new technologies should be measured by their benefit to humanity.
  2. India suggested that as follow-up action and creation of a G20 virtual secretariat as a repository of documentation.
  3. Digitial India and E-governance campaigns of India have increased people’s access to technology and other government services.

Transparency:

Reforms such as Right to Information and Ease of Doing Business promote transparency in governance in India.

Trusteeship:

  1. The world should deal with the environment and nature as trustees rather than owners which would inspire us towards a holistic and healthy lifestyle.
  2. Climate change must be fought not in silos but in an integrated, comprehensive and holistic way.
  3. A principle whose benchmark could be a per capita carbon footprint.
  4. A carbon footprint is the amount of greenhouse gases primarily carbon dioxide released into the atmosphere by a particular human activity.

India’s Initiatives for Lowering Emissions:

  • Infrastructure Push
  • Producing Clean Energy 
  • Unnat Jyoti by Affordable LEDs for All (UJALA) and LED Street Lighting National Programme (SLNP) scheme Ujjwala Scheme
  • Combat Desertification
  • Clean Air & Water

SOURCE: PIB

About sree nivas

Check Also

HUMAN DEVELOPMENT INDEX

CONTEXT: India ranked 131 among 189 countries on the Human Development Index (HDI) for 2019, …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates