CURRENT AFFAIRS

Detailed explanation-1: -India holds the Presidency of the G20 from December 1, 2022 to November 30, 2023.

Detailed explanation-2: -The G20 Presidency steers the G20 agenda for one year and hosts the Summit. The G20 consists of two parallel tracks: the Finance Track and the Sherpa Track. Finance Ministers and Central Bank Governors lead the Finance Track while Sherpas lead the Sherpa Track.

Detailed explanation-3: -The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom and United States) and the European Union.

Detailed explanation-4: -Hon’ble Prime Minister Shri Narendra Modi reiterated that G20 India Presidency will be inclusive, action-oriented and decisive. The theme unveiled by Hon’ble Prime Minister: ‘One Earth, One Family, One Future’ enunciates India’s philosophy of ‘Vasudhaiva Kutumbakam’.