CURRENT AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -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-3: -Initially, Indonesia was slated to host the G20 Summit in 2020. However, as Indonesia will also hold the Chairmanship of ASEAN in 2023, India which was slated to hold the summit in 2022 agreed to exchange presidency timings with Indonesia.

Detailed explanation-4: -India’s G -20 Presidency India holds the Presidency of the G20 from December 1, 2022 to November 30, 2023. The 43 Heads of Delegations- the largest ever in G20-will be participating in the final New Delhi Summit in September next year.

Detailed explanation-5: -The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries, focuses on economic and financial issues. It provides an effective forum for global economic discourse and policy coordination.