1. Bhupendra Yadav advocates improving the conditions workers at G20 Labour minister meeting
Tags: place in news Summits International News
Union Minister of Labour and Employment Bhupender Yadav attended the G20 Labour and Employment Ministers’ meeting at Bali, Indonesia. The G-20 Labour and Employment Ministers meeting was held on 13-14 September 2022.
IMPORTANT FACTS -
- Speaking on the occasion the minister emphasized the need to focus on improving the employment conditions of the workers for a strong and resilient economic recovery.
- Indonesia is currently the chairman of the G-20 group and it will host the G-20 summit meeting on 15-16 November 2022 at Bali, Indonesia.
- India will take over the chairmanship of G-20 from Indonesia at the Bali Summit.
- The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and the European Union (EU).
2. India, Vietnam holds second security dialogue in New Delhi
Tags: place in news Summits
India and Vietnam held their 2nd security dialogue on 13 September 2022 in New Delhi and discussed ways to enhance maritime security cooperation. The first Security Dialogue was held in Hanoi in 2018.
The Second India-Vietnam Security Dialogue was held at the level of Deputy National Security Advisor/Deputy Minister.
The Indian side was led by Vikram Misri, Deputy National Security Adviser, and the Vietnamese side was led by its Deputy Minister of Public Security, Senior Lieutenant General Luong Tam Quang.
IMPORTANT FACTS -
India Vietnam Relation :
- Vietnam has become an important partner in India’s Act East policy and the Indo-Pacific vision as both the countries has dispute with China.
- Vietnam is involved in a dispute with China on the South China Sea Island. China claims nearly all of the disputed South China Sea islands, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea.
- India favours free and open navigation right in the South China Sea which is threatened by China.
- India has oil exploration projects in the Vietnamese waters in the South China Sea. India and Vietnam are boosting their maritime security cooperation in the last few years to protect common interests.
- In 2016, during Prime Minister Modi’s visit to Vietnam, the bilateral relations were further elevated to a “comprehensive strategic partnership”.
- India and Vietnam signed an important Joint Vision Statement on defence partnership during the visit of the Defence Minister Rajnath Singh to Vietnam on 8 June 2022.
- During the defence minister's visit India provided a $500 million defence loan to Vietnam.
ADDITIONAL INFORMATION -
Vietnam :
- It lies in South East Asia and it is a member of Association of Southeast Asian Nation (ASEAN)
- Capital: Hanoi
- Currency: Dong
- President: Nguyen Xuan Phuc
3. India’s biggest telecom flagship event DIPA Annual 2022 to be held in New Delhi
Tags: place in news Science and Technology Summits
Digital Infrastructure Providers Association (DIPA), an apex industry body of digital infrastructure providers will host its Annual Flagship Event on 14 September 2022 at the New Delhi .The event is said to be the biggest event of Telecom industry of the year 2022.
IMPORTANT FACTS -
- The event is being organised by DIPA with the support of the Department of Telecommunications.
- The Minister for Communications, Electronics & Information Technology and Railways, Shri Ashwini Vaishnaw will be the Chief Guest and the Minister of State for Communications, Shri Devusinh Chauhan will be the Guest of Honour.
Theme of the Event 2022 :
The theme of the event is: “Gati Shakti vision for 5G & Beyond”.
4. India to invite Bangladesh and other friendly as guest country during its G-20 presidency
The Ministry of External Affairs on 13 September 2022, said that India will invite a number of friendly countries and International Organisation to the G-20 summit as Guest countries to the G-20 Summit meeting being hosted by India on 09 and 10 September 2023 in New Delhi.
IMPORTANT FACTS -
Guest Countries :
- India will invite Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE as Guest Countries.
International Organisations to be invited :
- India will invite the United Nations, International Monetary Fund(IMF),World Bank, World Health Organisation (WHO),World Trade Organization (WTO),International labour organization(ILO),Organisation of Economic Cooperation and Development (OECD), Financial Stability Board(FSB), Head of African Union, International Solar Alliance ,Association of South-east Asian Nation(ASEAN) , African Union Development Agency (AUDA-NEPAD ) CDRI (Coalition for Disaster Resilient Infrastructure) and ADB (Asian Development Bank).
- The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies. It comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and the European Union (EU).
5. Gadkari calls for joint effort to achieve 5 trillion dollar economy goal
Tags: place in news Economy/Finance Summits Person in news State News
While addressing the 41st Meeting of the Transport Development Council at Bengaluru ,Karnataka on 9 September 2022 ,Union Minister for Road Transport and Highways Nitin Gadkari said that both the Centre and the States should work together to transform the transport sector.
IMPORTANT FACTS -
- The 41st Transport Development Council meeting was held as part of the 3 day ‘Manthan’ organised by the Union Ministry of Road Transport and Highways at Bengaluru.
- Gadkari said that” In the next five years, both the Centre and the states should work together to transform the transport sector of the country to become a five trillion-dollar economy,”
- In 2019, Prime Minister Narendra Modi envisioned making India a $5 trillion economy and global powerhouse by 2024-25.
- He further said that efforts should be made to increase the automobile industry from 7.5 lakhs crore to 15 lakhs crore in the next 5 years enabling India as a top automobile manufacturing hub in the world.
- Ministers of Transport from Uttar Pradesh, Madhya Pradesh, Uttarakhand, Himachal Pradesh, Manipur, Goa, Karnataka, Delhi and Tamil Nadu participated in the 41st Transport Development Council.
6. Piyush Goyal attends the first in-person Ministerial meeting of the Indo-Pacific Economic Forum in Los Angeles
Tags: place in news Summits Economics/Business International News
Union Commerce and Industry Minister Piyush Goel is attending the two day (8-9 September) first in person Ministerial meeting of the Indo-Pacific Economic Forum in Los Angeles, United States.
The meeting is being co- hosted by the U.S. Trade Representative Katherine Tai and the US Commerce Secretary Gina Raimondo.
The first Virtual meeting was held on 26 June 2022 which was hosted by the United States.
The meeting hopes to work out an agreement on the four pillars of the IPEF.
IMPORTANT FACTS -
Indo-Pacific Economic Framework for Prosperity (IPEF) :
- The United States of America President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) on 23 May 2022 in Tokyo, Japan.
- 14 countries Australia, Brunei, Fiji, Indonesia, India, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam along with the United States are members of IPEF.
- Together, these countries represent 40% of world GDP.
Aim of the IPEF :
- It is not a trade bloc where tariffs on goods and services amongst the member countries are reduced to boost trade.
- IPEF is an attempt by the US to offer an alternative supply chain to the countries of Asia-Pacific region against China.
- IPEF will focus on improving the supply chain in the economy so that it can withstand disruption as witnessed during covid pandemic and will make the economy stronger and lower the cost of production .
- To reduce over reliance on China and to diversify the supply chain, the United States is promoting IPEF.
ADDITIONAL INFORMATION -
There are four pillars of IPEF :
- fair and resilient trade (including digital, labour, environmental and other standards);
- supply chain resilience;
- infrastructure, decarbonisation and clean energy; and
- Tax and anti-corruption.
- The Indian government feels that this initiative of the US will help India become a part of the global supply chain. It hopes to attract a sizable global investment in the manufacturing sector as the world moves away from China.
7. India and Japan announces first joint Air Force exercise
Tags: place in news Defence Summits International News
Reflecting the growing security cooperation between the two sides, India and Japan announced plans for their first air force exercise as New Delhi backed Tokyo’s efforts to reinforce its defence capabilities over the next five years.
IMPORTANT FACTS -
- This was announced after the meeting of Defence Minister Rajnath Singh with the Japanese Defence Minister Yasukazu Hamada held in Tokyo, Japan on 8 September 2022.
- Rajnath Singh arrived in Japan after his visit to Mongolia.
- He also participated in India-Japan 2+2 dialogue involving the Defence and Foreign ministers of both the countries. India was represented by External Affairs minister S.Jaishanker and Defence Minister Rajnath Singh while Japan was represented by its Foreign Minister Yoshimasa Hayashi and Defence minister Yasukazu Hamada.
ADDITIONAL INFORMATION -
India -Japan military exercise :
- At present both the countries conduct Dharma Guardian, JIMEX and Malabar exercise. Japan also participated in the MILAN naval exercise 2022 held in Visakhapatnam.
- DHARMA GUARDIAN-2022, an annual exercise between Indian Army and Japanese Ground Self Defence Force was held from 27 February -10 March 2022, Belgaum Karnataka.
- The last edition of the India – Japan Maritime Bilateral Exercise, JIMEX, between the Indian Navy (IN) and the Japan Maritime Self-Defence Force (JMSDF), was held in 2021 Arabian Sea from 06 to 08 October 2021.
- The last edition of Malabar exercise was held in 2021 involving the Australian, United States, Japanese and Indian Navy at sea of Philippines and Bay of Bengal.
8. Nirmala Sitharaman inaugurates conference of Indian Council for Research on International Economic Relation
Tags: place in news Summits Person in news
Finance Minister Nirmala Sitharaman inaugurated a conference of Indian Council for Research on International Economic Relation in New Delhi on 8 September 2022.
The Indian Council for Research on International Economic Relations (ICRIER) is an autonomous, policy-oriented, non-profit think tank based in New Delhi.
Director of ICRIER : Dr Deepak Mishra .
9. India Ideas Summit held in New Delhi
Tags: place in news Economy/Finance Summits
The U.S.-India Business Council India (USIBC) organised its 47th Annual General Meeting and the India Ideas Summit from 6-7 September 2022 at New Delhi.
IMPORTANT FACTS -
- The focus of the summit was on “Maximizing the Next 75 years of US-India Prosperity.
- The USIBC India Ideas Summit and Annual General Meeting has been an important platform for U.S.-India dialogue on commercial and strategic cooperation for over 47 years.
- This year's summit saw the participation of top government speakers such as Minister of External Affairs Subramanyam Jaishankar, Minister of Finance Nirmala Sitharaman, Minister for Education Dharmendra Pradhan and from the American government , Jennifer Granholm, Secretary of Energy, Donald Lu, Assistant Secretary of State for Central and South Asia Affairs.
What does USIBC does ?
- U.S.-India Business Council India (USIBC) is a business lobby group representing American and Indian business to make business between the United States and India easier, more efficient, and more profitable.
- USIBC facilitates meetings between members and key policymakers in the U.S. and Indian governments,
- USIBC President: Atul Keshap(He is an American)
10. Prime Minister inaugurates the ‘Kalam no Carnival’ Book Fair virtually
Tags: place in news Summits State News
The Prime Minister, Narendra Modi addressed the inauguration ceremony of ‘Kalam no Carnival’ Book Fair organised by Nav Bharat Sahitya Mandir in Ahmedabad via video message on 8 September 2022.
The Prime Minister expressed delight that the tradition of the book fair started by 'Nav Bharat Sahitya Mandir' in Ahmedabad is getting richer with each passing year.
The Prime Minister added that 'Kalam no Carnival' is a huge convention of books in Hindi, English and Gujarati languages.
