CSEET current affairs

Current affairs CSEET

1. Italy hosted the G20 summit during October 30-31, 2021.

2. On 2nd December 2021, Indonesia assumed the G20 Presidency and will convene various G20 meetings throughout the year, culminating with the G20 Leaders’ summit on 30-31 October 2022 under the overall theme of "Recover Together Recover Stronger”.

3. India will assume the G20 Presidency on December 1, 2022 from Indonesia, and will convene the G20 Leaders’ Summit for the first time in India in 2023.

About G20

1. The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU).

2. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

3. The G20 is composed of most of the world's largest economies, including both industrialized and developing nations, and accounts for around 90% of gross world product (GWP), 75–80% of international trade, two-thirds of the global population, and roughly half the world's land area.

4. Joko Widodo, the president of Indonesia is the current chairman of G20.

G20 and India

1. As a founding member of the G20, India has used the platform to raise issues of vital importance and those that impact on the most vulnerable around the world.

2. As a Troika-member, India will work closely with Indonesia and Italy to ensure consistency and continuity of the G20’s agenda.