Tag: Global South

  • India able to share DPI ecosystem with world south: DEA Secretary

    New Delhi: India is able to share technical capabilities and information associated to its Digital Public Infrastructure (DPI) ecosystem for monetary inclusion efforts of the Global South, Ajay Seth, secretary, Department of Economic Affairs (DEA) mentioned on Friday.

    Speaking on the International Conference on Digital Public Infrastructure, Seth mentioned that India has used ecosystems round DPI, which is an interoperable, scalable, open, and inclusive system, digitally empowering, to supply society large providers by private and non-private gamers.

    “We developed a solution approach for delivering the best in the class services for the last mile and even the remotest parts of the country,” Seth mentioned including that the nation’s achievements are well-known in numbers.

    The world’s largest monetary inclusion mission, the Pradhan Mantri Jan-Dhan Yojana (PMJDY), crossed the five hundred million mark final month, 9 years after it was launched with over ₹2 trillion value of deposits. Over 55.5% of financial institution accounts belong to girls, and 67% come from rural and semi-urban areas.

    “The average balance in these accounts is over ₹4,000. Our digital payment system, UPI, crossed 10 billion transactions in the month of August alone,” Seth mentioned. “Today, greater than 5.5 crore Jan Dhan (Pradhan Mantri Jan Dhan Yojana) accounts are receiving direct profit transfers and authorities schemes have already made financial savings of over $27 billion.”

    He said that DPI approaches are capable of solving societal problems at a scale even under crisis.

    “DPIs facilitate innovation, and are efficient for each private and non-private sector, particularly for SMEs of rising international locations in addition to developed economies,” Seth said.

    “In the backdrop of challenges, the necessity of the hour is to determine easy, scalable, examined and sustainable options that may remodel our societies and economies by eradicating poverty and guaranteeing common healthcare and schooling,” he added.

    Meanwhile, chief financial advisor, V. Anantha Nageswaran, current on the occasion, mentioned that important areas the place international locations can collaborate for monetary inclusion and progress by the DPI strategy embrace information sharing, capability constructing, and cross border linkages to assist remittances.

    “Our first step should be to encourage and foster knowledge sharing on the design, development and operations of DPIs,” Nageswaran mentioned. “These collaborations will result in refinements of DPIs in international locations which have already applied them.”

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    Updated: 22 Sep 2023, 07:22 PM IST

  • India amongst invitees to G7 summit as Japan PM seems to be wish to counter China’s assertiveness

    By Associated Press: India is among the many many eight invitees to the Group of Seven (G-7) summit in Hiroshima this week. The mix of countries invited by Japanese Prime Minister Fumio Kishida to attend the G7 summit is seen as an attempt to help efforts of countering China’s assertiveness and Russia’s invasion of Ukraine.

    The Group of Seven (G-7) summit might be a sophisticated, high-stakes diplomatic gambit meant to settle just a few of the world’s most extreme crises.

    Japanese Prime Minister Fumio Kishida has invited India, South Korea, Australia, Brazil, Vietnam, Indonesia, Comoros and the Cook Islands. He hopes this mix of countries will help efforts to face as a lot as China’s assertiveness and Russia’s invasion of Ukraine, in line with analysts.

    He moreover wants stronger ties with US allies and with creating nations and to make progress on working within the path of a nuclear-free world, one factor that seems an increasing number of troublesome amid North Korean and Russian nuclear threats.

    Here’s a take a look at what to anticipate as a result of the rich world leaders welcome these customer nations:

    PUSHBACK ON CHINA, RUSSIA

    As their excessive diplomats did ultimate month in a gathering in Nagano, Japan, the leaders of the G-7 nations – the United States, Japan, the United Kingdom, France, Germany, Canada, Italy and the European Union – will try and sort a unified entrance in the direction of the Chinese threats to Taiwan and Russia’s battle on Ukraine.

    “The G-7 is committed to upholding the international order, and most of its members are in Europe, so supporting Ukraine against Russia’s invasion is a top priority,” acknowledged Leif-Eric Easley, a professor at Ewha University in Seoul.

    “As the pillar of the G-7 in Asia, Japan is particularly focussed on updating the international order to cope with the rise of China,” Easley acknowledged. “The Kishida government’s agenda and special invitations for the Hiroshima summit reflect an effort not to contain China but to expand the international coalition defending standards for state behaviour.”

    The eight customer nations have superior political and monetary ties with China and Russia.

    India is part of the Quad group of 4 Indo-Pacific nations, along with the US, Japan and Australia. China has accused the 4 of representing an “Asian Nato”.

    On the Russia-Ukraine battle, India has abstained quite a few cases from voting on UN resolutions in the direction of Moscow, though it has confused the need for diplomacy in ending the battle. India has moreover elevated its imports of Russian oil.

    Brazil is a member of the so-called Brics group of making nations, along with China, Russia and India. Brazilian President Luiz Inácio Lula da Silva not too way back visited China to strengthen ties with its biggest commerce confederate.

    He has moreover irritated Ukraine and some inside the West collectively along with his place on the battle, not too way back suggesting that Ukraine cede Crimea to forge peace.

    Japan is courting Vietnam because of it moreover has territorial disputes with China, in line with Kim Yeol Soo, an educated at South Korea’s Korea Institute for Military Affairs.

    ‘GLOBAL SOUTH’ NATIONS

    Japanese Prime Minister Kishida has acknowledged his guidelines of customer nations shows the importance of the so-called “Global South” nations. That’s a time interval used for creating nations in Asia, Africa and Latin America.

    The G-7 nations account for about 40% of the world’s monetary train, a decrease from an estimated 80% of world gross house product inside the Nineteen Seventies.

    “When the UN adopts resolutions, you see a considerable number of its 190 or so member states are ‘Global South’ countries,” acknowledged Choi Eunmi, a Japan educated at South Korea’s Asan Institute Policy Institute.

    Indonesia’s significance for Japan, as an illustration, is linked to its plentiful pure belongings and monetary potential, acknowledged Kim, the educated.

    India is that this yr’s president of the G-20, which is seen as a significant bridge between G-7 economies and the Global South. Japan has traditionally had shut ties with India, the place Prime Minister Kishida visited in March for a summit with Indian Prime Minister Narendra Modi.

    In response to questions by the Associated Press, Japan’s worldwide ministry acknowledged the G-7 and totally different nations should cooperate with the Global South to deal with energy, meals security, native climate change, nicely being and enchancment factors.

    US ALLIES

    Japan’s invitation to South Korea shows the neighbours’ place as staunch U.S. allies with a shared security menace from North Korea’s advancing nuclear arsenal.

    In present weeks, Kishida and South Korean President Yoon Suk Yeol have taken foremost steps to boost security and monetary cooperation and to maneuver previous historic grievances stemming from Japan’s 1910-45 colonization of the Korean Peninsula.

    The Japanese worldwide ministry’s response to an AP query praised Yoon for “active diplomacy showing commitment to the peace and prosperity of the region, including announcing the Indo-Pacific strategy”.

    Kishida, Yoon and US President Joe Biden are anticipated to fulfill on the margins of the G-7 summit to debate North Korea’s nuclear ambitions, China’s rising have an effect on and the Russian-Ukraine battle.

    Australia, moreover a key US ally, has already been intently cooperating with Japan, along with in efforts to understand a “free and open Indo-Pacific”, in line with the Japanese Foreign Ministry, which known as Australia a “special strategic partner”.

    Last yr, the two nations signed a model new security settlement defending military, intelligence and cybersecurity cooperation to counter the deteriorating security outlook pushed by China’s rising assertiveness. It was the first such settlement Japan has struck with any nation other than the United States.

    OTHER ISSUES

    Some of the customer nations lead regional and totally different our our bodies. Brazil takes over subsequent yr for India as president of the G-20. Indonesia is chair of the Association of Southeast Asian Nations (ASEAN).

    Comoros leads the African Union, and the Cook Islands chairs the Pacific Islands Forum.

    Japan is stepping up its security and monetary ties with the 18 Pacific Forum nations, partly to counter rising Chinese have an effect on there. Observers say the invitation of the Cook Islands is an expression of Japanese respect to the Pacific nations, the place there’s been worry in regards to the deliberate launch of dealt with nonetheless nonetheless radioactive wastewater into the Pacific from Japan’s tsunami-wrecked Fukushima nuclear vitality plant.

    Kishida is from Hiroshima, one among many two Japanese cities hit with US atomic bombs on the end of World War II. Holding the summit in his hometown will give him a possibility to stipulate his dedication to assemble a nuclear-free world.

    Because of North Korea’s pursuit of nuclear missiles meant to deal with the US mainland, “it would be a bit awkward if Japan didn’t include South Korea, which faces North Korea’s nuclear threats on its doorstep”, acknowledged Choi, the educated.

  • We should develop into voice of Global South, says Jaishankar as India assumes G20 Presidency

    By ANI

    NEW DELHI: As India formally assumes the G20 Presidency in the present day, External Affairs Minister S Jaishankar mentioned the occasion provides a chance to share India’s story with others.

    Speaking on the University Connect Programme at Sushma Swaraj Bhawan in New Delhi, Jaishankar mentioned there are excellent the explanation why in the present day’s world is taking a a lot deeper curiosity in India.

    “G20 presidency offers an opportunity to share our story with others, particularly those who may transpose some of our experiences on their performance or challenges,” he mentioned attended by high-level delegates together with G20’s India Coordinator, Harsh Vardhan Shringla and G20 Sherpa Amitabh Kant.

    “It is also the time we become the voice of the Global South.”

    Underscoring the significance of this juncture, the exterior affairs minister mentioned this isn’t a growth that must be thought to be only one extra diplomatic occurring.

    “On the contrary, it is a crucial responsibility that is being assumed by India at a very challenging time in world politics and at an inflection point in India’s own history,” he mentioned.
    ALSO READ | Today, India commences its G20 presidency: PM Modi

    He mentioned G20 isn’t just the collective weight of contributors, including the very strategy of holding it’s uniquely impactful.

    Jaishankar famous how about 200 conferences of G20 are going down in a number of areas throughout India.

    “Given its significance, we would like G20 not to be a Delhi-centric set of events, but one that is hosted and celebrated across the width and the breadth of our country,” he harassed.

    Talking concerning the backdrop of India’s G20 Presidency, he highlighted the devastation attributable to the COVID pandemic, during the last three years.

    Arguing for extra concentrate on points affecting the susceptible sections of the world, Jaishankar mentioned that focus must be paid not solely to the issue but additionally to discovering viable options.
    ALSO READ | India’s Climate Change Performances amongst G20 nations

    This University Connect occasion in the present day noticed the digital participation of scholars and main academicians from 75 universities throughout the nation with high leaders, students, and academicians.

    Speaking earlier than Jaishankar, G-20’s India Coordinator Shringla mentioned this second is a “mega national event” that presents a chance to showcase the nation’s wealthy cultural heritage, tourism potential and growth prowess.

    “India’s G20 presidency is a mega national event. Let us come together and participate in it, immerse in it, and propagate it so that it becomes edged into our memories for all times to come,” he mentioned.

    Shringla mentioned the nation’s G20 presidency is each a novel alternative and profound duty for all Indians.

    G20 Sherpa Amitabh Kant additionally spoke on the occasion. Kant mentioned that Prime Minister Narendra Modi will probably be setting the agenda of the world in very difficult occasions.

    “As the G20 President, India’s Prime Minister Narendra Modi will be setting the agenda of the world. And this is a huge responsibility because we are taking over this at a very challenging time in the world,” he added.
    ALSO READ| India’s important function in negotiating G20 declaration

    NEW DELHI: As India formally assumes the G20 Presidency in the present day, External Affairs Minister S Jaishankar mentioned the occasion provides a chance to share India’s story with others.

    Speaking on the University Connect Programme at Sushma Swaraj Bhawan in New Delhi, Jaishankar mentioned there are excellent the explanation why in the present day’s world is taking a a lot deeper curiosity in India.

    “G20 presidency offers an opportunity to share our story with others, particularly those who may transpose some of our experiences on their performance or challenges,” he mentioned attended by high-level delegates together with G20’s India Coordinator, Harsh Vardhan Shringla and G20 Sherpa Amitabh Kant.

    “It is also the time we become the voice of the Global South.”

    Underscoring the significance of this juncture, the exterior affairs minister mentioned this isn’t a growth that must be thought to be only one extra diplomatic occurring.

    “On the contrary, it is a crucial responsibility that is being assumed by India at a very challenging time in world politics and at an inflection point in India’s own history,” he mentioned.ALSO READ | Today, India commences its G20 presidency: PM Modi

    He mentioned G20 isn’t just the collective weight of contributors, including the very strategy of holding it’s uniquely impactful.

    Jaishankar famous how about 200 conferences of G20 are going down in a number of areas throughout India.

    “Given its significance, we would like G20 not to be a Delhi-centric set of events, but one that is hosted and celebrated across the width and the breadth of our country,” he harassed.

    Talking concerning the backdrop of India’s G20 Presidency, he highlighted the devastation attributable to the COVID pandemic, during the last three years.

    Arguing for extra concentrate on points affecting the susceptible sections of the world, Jaishankar mentioned that focus must be paid not solely to the issue but additionally to discovering viable options.ALSO READ | India’s Climate Change Performances amongst G20 nations

    This University Connect occasion in the present day noticed the digital participation of scholars and main academicians from 75 universities throughout the nation with high leaders, students, and academicians.

    Speaking earlier than Jaishankar, G-20’s India Coordinator Shringla mentioned this second is a “mega national event” that presents a chance to showcase the nation’s wealthy cultural heritage, tourism potential and growth prowess.

    “India’s G20 presidency is a mega national event. Let us come together and participate in it, immerse in it, and propagate it so that it becomes edged into our memories for all times to come,” he mentioned.

    Shringla mentioned the nation’s G20 presidency is each a novel alternative and profound duty for all Indians.

    G20 Sherpa Amitabh Kant additionally spoke on the occasion. Kant mentioned that Prime Minister Narendra Modi will probably be setting the agenda of the world in very difficult occasions.

    “As the G20 President, India’s Prime Minister Narendra Modi will be setting the agenda of the world. And this is a huge responsibility because we are taking over this at a very challenging time in the world,” he added.ALSO READ| India’s important function in negotiating G20 declaration