CURRENT AFFAIRS

Detailed explanation-1: -The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK, and the US.

Detailed explanation-2: -This is the 3rd FMCBG meeting of Indonesia’s G20 Presidency in the Finance Track after previous meetings held in February 2022 (Jakarta) and April 2022 (Washington, D.C.).

Detailed explanation-3: -India aims to forge a common path on global priorities through the theme of “Vasudhaiv Kutumbakam” The first G20 Finance and Central Bank Deputies (FCBD) meeting is scheduled to be held during 13-15 December 2022 in Bengaluru.

Detailed explanation-4: -Story highlights. India Budget 2023: Country’s finance minister Nirmala Sitharaman said that New Delhi’s G20 presidency presents a ‘unique opportunity’ in a larger global spotlight as it strengthens the country’s role in the world economic order when countries across the globe are facing various challenges.

Detailed explanation-5: -The First G20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, was held in Bengaluru, Karnataka, during December 13-14, 2022, under the co-chairship of Secretary, Economic Affairs, Shri Ajay Seth and Deputy Governor, Reserve Bank of India, Dr. Michael Patra.