First G20 Finance Ministers and Central Bank Governors meeting inaugurated in Bengaluru
Feb 22, 2023Union Minister for Information and Broadcasting, Youth Affairs and Sports Anurag Singh Thakur inaugurated the Opening session of the G20 meeting on Finance and Central Bank Deputies ( FCBD) of G20 nations today in Bengaluru. Addressing media persons later, the Union minister said that the Indian Presidency of G20 is an honour where it can voice the concerns of the global south and also showcase its expertise in various fields to the visiting delegates.
India, he noted, has been successful in managing the Covid pandemic and coming out of the Economic recession caused by it. Following the idiom of Vasudaiva Kutumbakan, the country became the pharmacy of the world and supplied million doses of Covid vaccine to 101 countries.
The Covin and Arogya sethu mobile apps developed in India were much appreciated globally. The country has also achieved considerable progress in UPI Bhim app usage with 782 crore transactions recorded last month alone. The Direct Benefit Transfer of funds to the beneficiaries has brought in transparency, ensured last mile delivery and saved time.
The Union Minister pointed out that India attained its goal in energy transition and set a target of producing five million metric tonnes of hydrogen green energy in the next three years. The minister hoped that the G20 forum will help evolve a global pragmatic solution to the shared concerns in the field of energy, debt and taxation issues and cross border financial transactions.
After FCBD meeting, 1st G20 FMCBG meeting will be held on 24th-25th February in which Finance Ministers and Central Bank Governors of the G20 members and heads of International Organisations will participate. The meeting will be covering issues such as strengthening multilateral development banks to address shared global challenges of the 21st century, financing for resilient, inclusive and sustainable cities of tomorrow, leveraging Digital Public Infrastructure (DPI) for advancing financial inclusion.
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