PM Modi hands over G20 presidency to Brazil as summit draws to close
The prime minister also proposed G20 virtual summit in November end to review progress on matters decided in this summit
Prime Minister Narendra Modi on Sunday (September 10) announced the closure of the two-day G20 Summit after handing over the gavel of G20 presidency to Brazilian President Luiz Inácio Lula da Silva.
“I congratulate Brazilian President and my friend Luiz Inácio Lula da Silva," said PM Modi as he handed over G20 presidency to Brazil. Responding to it, Brazilian President Lula said, “I congratulate PM Modi for efficiently leading G20 bloc and for excellent work in this summit.”
PM Modi also proposed a virtual session of the G20 around the end of November to take stock of the suggestions and decisions made at the leaders’ summit that concluded in New Delhi on Sunday. In his concluding remarks at the final session of the two-day G20 summit here, Modi noted that India's presidency of G20 would officially continue till November 30 and over two-and-half months were left for its tenure as the head of the grouping. “It is my proposal that we hold another session of the G20 virtually in November-end. In that session, we can review the issues that have been agreed upon during this summit. Our teams will share the details of it with all of view. I hope all of you will join this (session),” he said. “With this I declare the G20 summit as closed,” Modi said while citing a Sanskrit shloka to pray for hope and peace in entire world.
Earlier, Prime Minister Modi made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's “new realities” should be reflected in “new global structure” as it is nature’s law that those who don't change with times lose their relevance. “It is necessary the global bodies should reflect today's realities to lead the world towards a better future,” Modi said at the ‘One Future’ session in the G20 Summit, citing the United Nations Security Council as an example for a body needing change. He said the world was totally different when the UN was established with 51 founding members as their numbers have now risen to nearly 200.
“Despite this, the number of permanent members in the UNSC remains the same. The world has since changed a lot in every aspect. Be it transport, communication, health and education, every sector has been transformed. These new realities should reflect in our new global structure,” he said.
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Live Updates
- 9 Sept 2023 8:02 PM IST
President Murmu, PM Modi welcome G20 leaders, delegates at grand dinner
President Droupadi Murmu and Prime Minister Narendra Modi on Saturday welcomed G20 leaders and delegates at a grand dinner hosted for them at Bharat Mandapam, the venue for the Summit, in Delhi.
They welcomed the guests before the start of the dinner at a dais, with its backdrop depicting the ruins of the Nalanda University in Bihar and India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.
- 9 Sept 2023 7:42 PM IST
G20 nations commit to promote faster, transparent, 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 Leaders' 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.
- 9 Sept 2023 6:53 PM IST
Anti-smog guns, water sprinklers to control pollution in Delhi
The Municipal Corporation of Delhi (MCD) on Saturday said that anti-smog guns and water sprinklers have been deployed to control pollution in the national capital, where the G20 Summit is underway.
“The MCD is putting main emphasis on roads around G20 summit. The Municipal Corporation of Delhi has deployed 20 anti-smog guns at pollution hotspots to control pollution. The anti smog guns have been deployed at sanitary landfill sites situated at Bhalaswa, Ghazipur and Okhla and pollution hotspot at Anand Vihar,” an MCD official said.
- 9 Sept 2023 6:47 PM IST
G20 leaders for inclusive growth
G20 leaders on Saturday called for a strong, sustainable, and inclusive growth as an answer to the uneven recovery the world has seen from the pandemic-infused plunder, and flagged trillions of dollar that countries would need to meet their climate goals and clean energy technologies.
The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of exchange of tax-relevant information on crypto assets by 2027.
The declaration called for accelerating efforts to phase down unabated coal power, phase-out of inefficient fossil fuel subsidies and low-cost financing for energy transition of developing countries.
While developing countries need USD 5.8-5.9 trillion in the pre-2030 period for their climate goals, the world would need another USD 4 trillion per annum investment by 2030 to help reach net-zero carbon emission goal by 2050.
- 9 Sept 2023 6:39 PM IST
India proposes G20 satellite for climate observation
India on Saturday proposed to launch a G20 Satellite Mission for Environment and Climate Observation, with an aim to help the countries of the global south.
Prime Minister Narendra Modi made the suggestion at the G20 Leaders' Summit at the Bharat Mandapam international convention centre here in the presence of world leaders including US President Joe Biden, UK Prime Minister Rishi Sunak and South Africa President Cyril Ramaphosa among others.
Modi said the G20 satellite mission would be beneficial for all of humanity just as the data obtained from India's successful Chandrayaan moon mission.
- 9 Sept 2023 6:31 PM IST
PM Modi calls for global effort on climate change, green finance
Prime Minister Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems.
Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change.
"Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world. Trillions of dollars are required for an inclusive energy transition. Naturally, developed countries play a very crucial role in this," he said.
Prime Minister Modi commended the developed countries for their willingness to fulfil their commitment of USD 100 billion for climate finance for the first time.
