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Saturday, September 9, 2023

"दो राष्ट्र, एक महत्वाकांक्षा, और निश्चित रूप से...": ब्रिटेन के प्रधानमंत्री ऋषि सुनक की पोस्ट

प्रधानमंत्री नरेंद्र मोदी ने शनिवार को यहां जी20 शिखर सम्मेलन से इतर अपने ब्रिटिश समकक्ष ऋषि सुनक से मुलाकात की और व्यापार संबंधों को गहरा करने और निवेश को बढ़ावा देने के तरीकों पर चर्चा की. शुक्रवार को यहां पहुंचे सुनक ने जी20 शिखर सम्मेलन के पहले सत्र के बाद पीएम मोदी से बातचीत की. इससे पहले, सुनक ने कार्यक्रम स्थल पर पीएम मोदी का स्वागत करते हुए नमस्ते के साथ उनका स्वागत किया.

सुनक ने एक्स पर एक पोस्ट में कहा, "दो राष्ट्र, एक महत्वाकांक्षा. एक महत्वाकांक्षा हमारे साझा मूल्यों, हमारे लोगों के बीच संबंध और निश्चित रूप से क्रिकेट के प्रति हमारे जुनून में निहित है."

बैठक के बाद एक्स पर एक पोस्ट में, पीएम मोदी ने कहा, "दिल्ली में जी20 शिखर सम्मेलन के मौके पर पीएम ऋषि सुनक से मिलकर बहुत अच्छा लगा. हमने व्यापार संबंधों को गहरा करने और निवेश को बढ़ावा देने के तरीकों पर चर्चा की." उन्होंने कहा, भारत और ब्रिटेन एक समृद्ध और टिकाऊ ग्रह के लिए काम करते रहेंगे.

दिल्ली में चल रहे G20 बैठक के दूसरे सत्र की शुरुआत के दौरान पीएम मोदी ने एक बड़ी घोषणा की. दूसरे सत्र की शुरुआत में पीएम मोदी ने मेहमान देशों के राष्ट्रप्रमुख को संबोधित करते हुए कहा कि नई दिल्ली जी20 डिक्लेरेशन पर सहमति बनी है. PM ने घोषणा की कि दिल्ली घोषणापत्र को एडाप्ट कर लिया गया है. खास बात ये है कि पीएम मोदी ने जी-20 शिखर सम्मेलन को संबोधित करते हुए देश का नाम लेते समय ‘भारत' शब्द का इस्तेमाल किया.



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G20 Declaration: Significance Of Digital Public Infrastructure Explained

The G20 Declaration has welcomed the 'G20 Framework for Systems of Digital Public Infrastructure', recognising the role of DPI in the delivery of services at a societal scale, and underlined the commitment to work together to promote cooperation on international governance for Artificial Intelligence (AI).

Union Minister Rajeev Chandrasekhar described the Declaration as a "tremendous achievement".

"India's #G20 Presidency is going to leave an indelible impression on the world order as we move forward," Chandrasekhar, Minister of State for IT and Electronics, said in a post on X.

The G20 leaders on Saturday stressed promoting international cooperation and further discussions on international governance for AI and called for a safe, secure, trusted, accountable and inclusive digital public infrastructure (DPI) for service delivery and innovation.

Recognising the role of DPI in the delivery of services, the G20 New Delhi Leaders' Declaration backed the 'G20 Framework for Systems of Digital Public Infrastructure', a voluntary and suggested framework for the development, deployment and governance of DPI.

The G20 Declaration asserted that safe, secure, trusted, accountable and inclusive DPI, respectful of human rights, personal data, privacy and intellectual property rights can foster resilience and enable service delivery and innovation.

The New Delhi Declaration is seen as a significant victory for India's G20 presidency. Its adoption highlighted that members have successfully clinched a consensus amid increasing tensions and divergent views over the Ukraine conflict. The G20 Declaration draws attention to building safety, security, resilience, and trust in the digital economy.

"To this end...we welcome the G20 Framework for Systems of Digital Public Infrastructure, a voluntary and suggested framework for the development, deployment and governance of DPI," it said.

The declaration talks of building safety, security, resilience and trust in the Digital Economy, fostering digital ecosystems, and harnessing AI responsibly for 'Good and for All'.

"To unlock the full potential of AI, equitably share its benefits and mitigate risks, we will work together to promote international cooperation and further discussions on international governance for AI," it said.

The Declaration also welcomed India's plan to build and maintain a Global Digital Public Infrastructure Repository (GDPIR), a virtual repository of DPI, voluntarily shared by G20 members and beyond.

Further, it takes note of the Indian Presidency's proposal of the One Future Alliance (OFA), a voluntary initiative aimed at building capacity and providing technical assistance and adequate funding support for implementing DPI in LMICs (low, and middle-income countries).

"In our voluntary efforts to make digital public infrastructure interoperable, we recognise the importance of data free flow with trust and cross-border data flows while respecting applicable legal frameworks. We also reaffirm the role of Data for Development," it said.

On technological transformation and digital public infrastructure, the declaration noted that technology can enable rapid transformations for bridging the existing digital divides and accelerating progress for inclusive and sustainable development.   "Digital public infrastructure (DPI), as an evolving concept and as a set of shared digital systems, built and leveraged by both the public and private sectors, based on secure and resilient infrastructure, and can be built on open standards and specifications, as well as opensource software can enable the delivery of services at societal-scale," it said.

Put simply, DPI refers to blocks or platforms, such as digital identification, payment infrastructure and data exchange solutions that help countries deliver essential services to their people, empowering citizens and improving lives by enabling digital inclusion. A case in point is the India Stack -- the identity system Aadhaar, payment platform UPI and others, all of which have been receiving ringing praises globally.

DPIs are interoperable, open, and inclusive systems supported by technology and provide essential, society-wide, public and private services that play a critical role in accelerating this digital transformation in an inclusive manner.

The Declaration has also emphasised building safety, security, resilience and trust in the digital economy.

An enabling, inclusive, open, fair, non-discriminatory and secure digital economy is increasingly important for all countries and stakeholders while respecting applicable legal frameworks.

"We will share our approaches and good practices to build a safe, secure and resilient digital economy. To this extent, we...welcome the non-binding G20 High-level Principles to Support Businesses in Building Safety, Security, Resilience, and Trust in the Digital Economy...welcome the G20 Toolkit on Cyber Education and Cyber Awareness of Children and Youth," it said.

It reaffirmed commitment to G20 AI Principles (2019) and endeavour to share information on approaches to using AI to support solutions in the digital economy.

"We...Will pursue a pro-innovation regulatory/governance approach that maximizes the benefits and takes into account the risks associated with the use of AI," it said.

It also pledged to "promote responsible AI for achieving SDGs".

On harnessing AI responsibly for Good and for All, the Declaration said the rapid progress of AI promises prosperity and expansion of the global digital economy.

"It is our endeavour to leverage AI for the public good by solving challenges in a responsible, inclusive and human-centric manner while protecting people's rights and safety.

"To ensure responsible AI development, deployment and use, the protection of human rights, transparency and explainability, fairness, accountability, regulation, safety, appropriate human oversight, ethics, biases, privacy, and data protection must be addressed," it said.

The Declaration resolved to deploy all available digital tools and technologies and spare no effort in fostering safe and resilient digital ecosystems, and ensuring that every citizen on the planet is financially included.

"To support this, we commit to promote responsible, sustainable and inclusive use of digital technology by farmers and an ecosystem of Agri-Tech start-ups and MSMEs...Welcome the establishment of the Global Initiative on Digital Health (GIDH) within a WHO-managed framework to build a comprehensive digital health ecosystem in compliance with respective data protection regulations," it said.

It also committed to leveraging digital technologies for the protection and promotion of culture and cultural heritage and adopting digital frameworks for the development of cultural and creative sectors and industries. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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G20 Leaders On How To Promote Growth, Reduce Inequalities

Concerned over cascading crises and challenges facing the global economy, the G20 leaders on Saturday underlined the need for well-calibrated monetary, fiscal, financial, and structural policies to promote growth, reduce inequalities, and maintain macroeconomic and financial stability.

The G20 leaders want the central banks to remain strongly committed to achieving price stability in line with their respective mandates.

"They (central banks) will ensure that inflation expectations remain well anchored and will clearly communicate policy stances to help limit negative cross-country spillovers. Central bank independence is crucial to maintaining policy credibility," said the New Delhi Declaration adopted by the G20 leaders.

The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency noted that cascading crises have posed challenges to long-term growth. Facing an uneven recovery and cognizant of the need to boost long-term growth, we will implement well-calibrated macroeconomic and structural policies.

"We will protect the vulnerable, through promoting equitable growth and enhancing macroeconomic and financial stability. Such an approach will help resolve the cost-of-living crisis and unlock strong, sustainable, balanced, and inclusive growth," the Declaration said.

Global economic growth is below its long-run average and remains uneven. The uncertainty around the outlook remains high. With notable tightening in global financial conditions, which could worsen debt vulnerabilities, persistent inflation, and geoeconomic tensions, the balance of risks remains tilted to the downside, it added.

"We, therefore, reiterate the need for well-calibrated monetary, fiscal, financial, and structural policies to promote growth, reduce inequalities and maintain macroeconomic and financial stability. We will continue to enhance macro policy cooperation and support the progress towards the 2030 Agenda for Sustainable Development.

"We reaffirm that achieving strong, sustainable, balanced, and inclusive growth (SSBIG) will require policymakers to stay agile and flexible in their policy response, as evidenced during the recent banking turbulence in a few advanced economies where expeditious action by relevant authorities helped to maintain financial stability and manage spillovers," the leaders said.

The G20 also welcomed the initial steps taken by the Financial Stability Board (FSB), standard-setting bodies (SSBs), and certain jurisdictions to examine what lessons can be learned from this recent banking turbulence and encourage them to advance their ongoing work.

The leaders emphasised that they would use macroprudential policies, where required, to safeguard against downside risks.

The Declaration said: "Central banks remain strongly committed to achieving price stability in line with their respective mandates. They will ensure that inflation expectations remain well anchored and will clearly communicate policy stances to help limit negative cross-country spillovers".

The declaration also stressed that central bank independence is crucial to maintaining policy credibility.

"We will prioritise temporary and targeted fiscal measures to protect the poor and the most vulnerable while maintaining medium-term fiscal sustainability. Ensuring the overall coherence of the monetary and fiscal stances remains important," it noted.

The G20 Declaration recognised the importance of supply-side policies, especially policies that increase labour supply and enhance productivity to boost growth and alleviate price pressures.

"We reaffirm the April 2021 exchange rate commitment made by our Finance Ministers and Central Bank Governors," it said.

The leaders also recognised the critical role of private enterprises in accelerating growth and driving sustainable economic transformations.

To this end, they resolved to work with the private sector to create inclusive, sustainable, and resilient global value chains, and support developing countries to move up the value chain and facilitate investments, including foreign direct investments (FDIs) towards sustainable business models.

They also resolved to work with the private sector to devise pipelines of investible projects in developing countries by leveraging the expertise of MDBs (multilateral development banks) to mobilise investments and promote ease and reduce the cost of doing business.

The declaration also recognised that startups and MSMEs are natural engines of growth. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Rice Prices Hit 15-Year High Globally After India Curbs: UN Food Body

Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday.

While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India", the FAO said in a monthly report.

"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," the UN agency said.

Rice is a major world food staple and prices on international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.

India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total.

The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".

India accounts for more than 40 percent of all global rice shipments.

The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.

The Philippines, one of the world's top importers of rice, reached a five-year agreement with Vietnam on Thursday to buy rice.

El Nino effect

World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO.

This total represents around 38 percent of rice consumption forecast over the same period.

But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.

El Nino could also have a negative effect on the next harvests.

The turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.

The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July.

The index was 24 percent below the summit it reached in March 2022.

Prices of cereal, meat, dairy and vegetable oils all fell in August.

Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".

'Modest' recovery

Global food prices had slightly rebounded in July when Russia pulled out of a deal brokered by the UN and Turkey that had enabled Ukraine to ship grains via the Black Sea.

The FAO said on Friday it had lowered its forecast for world trade in cereals in 2023 and 2024 to 466 million tonnes -- a 1.7 percent drop from the previous marketing season.

"Traded volumes of wheat and maize are all predicted to decline, due to a mix of reasons, including falling exports by Ukraine due to trade disruptions associated with the ongoing war," it said.

"FAO has also lowered its forecast for world trade in rice from the July figure considering the stepped-up export restrictions by India," the FAO added.

An expected recovery of the rice trade in 2024 would be "modest" if the India restrictions are protracted and El Nino disrupts production in other Asian exporters, the FAO added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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G20 Resolves To Promote Faster, Cheaper, Inclusive Cross-Border Payments

The G20 nations on Saturday resolved to promote faster, cheaper, more transparent and inclusive cross-border payments as envisaged in the G20 roadmap for enhancing cross-border payments.

The New Delhi Declaration, adopted by the G20 leaders, also appreciated the successful conclusion of the G20 TechSprint 2023, a joint initiative with the BIS Innovation Hub, which will promote innovative solutions aimed at improving cross-border payments.

"We reaffirm our commitment to the effective implementation of the prioritised actions for the next phase of the G20 Roadmap for Enhancing Cross-border Payments to achieve global targets for faster, cheaper, more transparent and inclusive cross-border payments by 2027 and welcome the initiatives undertaken by SSBs and international organisations in this direction," it said.

The leaders also welcomed discussions on the potential macro-financial implications arising from the introduction and adoption of Central Bank Digital Currencies (CBDCs), notably on cross-border payments as well as on the international monetary and financial system.

"We welcome the BIS Innovation Hub (BISIH) Report on lessons learnt on CBDCs and look forward to the IMF Report on potential macro-financial implications of widespread adoption of CBDCs to advance the discussion on this issue," the declaration by leaders of the top economies said.

The declaration also talks about the leaders' support to enhance global efforts to seize, confiscate and return criminal proceeds to victims and states, in line with international obligations and domestic legal frameworks, including thorough support to the Financial Action Task Force (FATF). 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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Friday, September 8, 2023

"Hello, Delhi!": Joe Biden's Enthusiastic Post After India Touchdown

US President Joe Biden arrived in Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi.

A few hours after landing, President Biden shared an enthusiastic post on his X account, formerly known as Twitter.

"Hello, Delhi! It's great to be in India for this year's G20," Mr Biden said on the social media site with a picture of him receiving a warm welcome after descending from Air Force 1. He also shared pictures of a cultural performance..

Prime Minister Narendra Modi met Mr Biden for a bilateral discussion at his residence in Delhi late on Friday evening, shortly after the US president's Air Force One landed in Delhi

Soon after his meeting with PM Modi, President Biden shared another post on social media site X in which two leaders can be seen sharing a warm handshake.

"Great seeing you, Mr. Prime Minister. Today, and throughout the G20, we'll affirm that the United States-India partnership is stronger, closer, and more dynamic than any time in history," the 80-year-old President said. 

In their over 50-minute talks, the two leaders deliberated on India's G20 presidency, cooperation in nuclear energy, critical and emerging technologies such as 6G and artificial intelligence, and ways to fundamentally reshape multilateral development banks.

This is Joe Biden's first visit to India as US President. The last US President to visit India was Donald Trump in February 2020.

President Biden and the US delegation will be staying at the ITC Maurya Hotel in the national capital.



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Withdraw Controversial Law AFSPA From Entire State: Assam To Centre

Four days after Chief Minister Himanta Biswa Sarma met Home Minister Amit Shah and discussed the issue, the Assam cabinet has made a recommendation to the Centre to withdraw the Armed Forces (Special Powers) Act (AFSPA) and the Disturbed Areas Act from the entire state.

The announcement was made in a post on X, formerly Twitter, by the chief minister's office. 

Mr Sarma had met Home Minister Shah in New Delhi on Monday and discussed the roadmap for the complete withdrawal of AFSPA from the state. After the meeting, he had said that his government would take further steps based on Mr Shah's suggestions. 

The controversial Armed Forces (Special Powers) Act (AFSPA), 1958 gives personnel from the armed forces, operating in disturbed areas, sweeping powers to conduct operations and arrest anyone without a warrant. It also gives the personnel immunity from arrest and prosecution even if they shoot someone dead, as long as the actions are deemed necessary for "the maintenance of public order".

An area or district is notified as a disturbed area under AFSPA to facilitate the operations of the armed forces.



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