The G20 Finance and Central Bank Deputies meeting and first Finance Ministers and Central Bank Governors meeting began in Bengaluru today. The Finance track of G20 discusses global macro-economic issues through its meetings of Finance Ministers and Central Bank Governors, their deputies and various working groups.<br />''<br />''The key issues dealt by the Finance track are global economic outlook and monitoring of global economic risks, reforms for a more stable and resilient global financial architecture, international taxation, financing quality infrastructure, sustainable finance, financial inclusion among others. AIR Correspondent reports that the Karnataka state Tourism department has made elaborate arrangements to showcase the state. It has laid out the red carpet to international delegates from over 35 countries. Yakshagana and caparisoned elephants are welcoming the delegates.<br />''<br />''The Tourism department will be playing a short video on tourist destinations. Another video on startup Karnataka will give a peek into the tech world of the state. The dance companies will present the performative traditions, colours and heritage of Karnataka. Excursion trips are planned for the delegates to Nandi hills, Bhoga Nandishwara temple, heritage city Mysuru and Hampi world heritage site.<br />''<br />''The meeting of G20 Development Working Group (DWG) under India's Presidency has also begun in Mumbai. India's G20 Sherpa Amitabh Kant addressed delegates in an opening session. He said, Indian government has tried to bring good data governance and brought several initiatives like Data Governance Quality Index. He said, less developed and developing countries will never be able to technologically lead, grow without the use of data and good governance.<br />''<br />''Mr Kant said, G20 has played a very critical role in the past at a time when economic growth was been impacted and financial progress was impacted. He said, Development Working Group of the G20 is meeting at a point when the world is in the midst of turmoil. Mr Kant said, India has taken over the G20 presidency when the Global growth has slowed down, there is &nbsp;looming crisis of inflation, huge crisis of vast number of people going below poverty line because of Covid, and there is a crisis of global debt.<br />''<br />''Mr Kant added that there is a huge crisis of climate finance and climate action and the global supply chains are disrupted. He said, India's belief is that every crisis is also a huge opportunity. He said, there cannot be a better opportunity than what Prime Minister Modi has said India's G20 leadership will be decisive will be inclusive will be action oriented.<br />''<br />''He said, the development working group is very heart and soul of developments as far as G20 is concerned and has to play a very critical and major role. Union Minister of State for electronics and IT, Rajeev Chandrasekhar also addressed the delegates through Video message.<br />''<br />''Managing Director of the Directorate of Environment and Energy, UN Industrial Development Organization, Sicars Stephan appreciated India's effort in G 20's Presidency. He said, Indian Government has very ambitious and very fulfillable agenda puting globe at center. He said that, Indian presidency will certainly love forward with combination of development making people's life secure and better. Country Head of UN Environment Programme, Atul Bagai said, it is Good Opportunity for India to showcase it Best Practices to the world.<br />
News On AIR | December 13, 2022 2:01 PM
First meeting of G20 Finance Track begins in Bengaluru; G20 Development Working Group meeting gets underway in Mumbai