India’s G20 logo represents aspirations of the nation and is an appropriate reminder of its cultural heritage. The criticism and attack on a political outfit just because lotus also happens to be party symbol is uncalled for, said Union Defence Minister Rajnath Singh at the unveiling ceremony of Prithviraj Chauhan’s statue, at Jhajjar in Haryana on November 13. “During the first freedom struggle in 1857, revolutionaries fought with lotus in one hand and roti in another,” he added.
‘India needs 10,000 Ambanis, 20k Adanis’
G20 presents an opportunity to Indian businesses to become a integral part of global supply chain. It’s a once-in-a-lifetime opportunity as it provides unprecedented level of exposure to Indian industry, said Amitabh Kant, India’s G20 Sherpa. He added that India’s presidency will provide exposure to the entire business community, only selective or isolated industries will not benefit. India will need “10,000 Ambanis” and “20,000 Adanis” to develop, he said during an interactive session at the PHD House on November 8, in New Delhi.
US Treasury Secretary lists India’s priorities
Debt crisis, climate action and reevaluating priorities of the multilateral development banks to suit the present global economic landscape should be India’s key priorities during its G20 presidency. “A successful Indian presidency is indispensable to our global economic recovery and sustained progress on our deepest problems,” said US Treasury Secretary Janet Yellen at the ninth India-US Economic and Financial Partnership (EFP) dialogue, in New Delhi on November 11.
G20 Pandemic Fund launched at JFHMM
Pandemic Fund – previously called the Financial Intermediary Fund (FIF) – for pandemic prevention, preparedness, and response (PPR) was launched on November 13 on the sidelines of the G20 Joint Finance and Health Ministers’ Meeting (JFHMM) hosted by the G20 presidency of Indonesia. The fund will provide a dedicated stream of additional, longterm financing to strengthen PPR capabilities in low- and middle-income countries and address critical gaps through investments and technical support at the national, regional, and global levels.