CURRENT AFFAIRS

Detailed explanation-1: -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-2: -The 2023 G20 Delhi summit (Hindi: 2023 G20 ) is the upcoming eighteenth meeting of Group of Twenty (G20), a summit scheduled to take place in Pragati Maidan, New Delhi in 2023. India’s presidency began on 1 December 2022, leading up to the summit in the fourth quarter of 2023.

Detailed explanation-3: -The Indian G20 Presidency’s theme of ‘One Earth, One Family, One Future’ sets the tone for the 2023 Infrastructure Agenda under the 2023 Indian G-20 Presidency.

Detailed explanation-4: -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-5: -Since 1999, the meetings or summits of the G20 are organized a G20 Leaders’ Summit annually. The last G20 Summit was held in November 2022 in Indonesia. Presently, the Prime of India, Shri Narendra Modi, is the chairman of G20.