Tag: Ladakh News

Odisha minister Naba Kishore Das dies of bullet injuries: Hospital officials

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Bhubaneswar: Odisha’s Health and Family Welfare Minister Naba Kishore Das died after battling bullet injuries for several hours after being shot by a policeman, Apollo Hospital officials said.
A team of doctors operated on him after he was airlifted from Jharsugada to Bhubaneshwar, hospital officials said.
Das, who was 60-years old, was shot through the heart at Brajrajnagar town around 1 pm when the minister was on his way to attend a programme in the district.
“On operating (it) was found that a single bullet had entered and exited the body, injuring the heart and left lung, and causing massive internal bleeding and injury.
“The injuries were repaired, and steps were taken to improve the pumping of the heart. He was given urgent ICU care. But, despite best of efforts, he could not be revived and succumbed to his injuries,” the hospital said in a statement.
In a statement, Odisha chief minister Naveen Patnaik, who was believed close to Das, said “I am shocked and distressed over the very unfortunate demise of Minister Naba Kishore Das.”
Patnaik described Das as a “grass root person” and said he was “loved and respected by all, cutting across parties and sections of people.”
Das was shot by Assistant Sub-inspector of Police (ASI) Gopal Das, who is believed to be suffering from mental disorder.

In a video footage in possession of PTI, Naba Kishore Das is seen bleeding from the chest with people trying to lift the injured minister, who seemed unconscious, and place him on the front seat of a car.
Initially, he was taken to the Jharsuguda district headquarters hospital, the SDPO said.
Das was airlifted to Bhubaneswar in an air ambulance and admitted to Apollo Hospital, Bhubaneswar.
Deputy Commissioner of Police, Bhubaneswar, Prateek Singh said a green corridor was set up in the state capital for ferrying the minister to the hospital from airport.
Tension prevailed in Brajrajnagar in the wake of the incident, with supporters of the BJD minister questioning “security lapses”.
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#Odisha #minister #Naba #Kishore #Das #dies #bullet #injuries #Hospital #officials
( With inputs from www.siasat.com )

January 29, 2023
Farmers block railway tracks in Punjab, trains stranded

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Amritsar: Members of the Kisan Mazdoor Sangharsh Committee on Sunday squatted on railway tracks in Punjab to demand a legal guarantee on MSP and withdrawal of cases registered against farmers during the farm laws stir, among other things.
The blockade from 1 pm to 4 pm disrupted the movement of trains on several routes including Amritsar-Delhi, Amritsar-Khemkaran and on the Jalandhar-Jammu rail section, according to official sources.
In Amritsar district, hundreds of agitating farmers led by Kisan Mazdoor Sangharsh Committee (KMSC) leader Sarwan Singh Pandher squatted on the Amritsar-New Delhi railway track in Jandiala town, nearly 25 km from Amritsar.
Pandher said the farmers blocked railway tracks from 1 pm to 4 pm at 13 places in 11 districts of Punjab.
The protesters also blocked railway tracks on Amritsar-Delhi, Amritsar-Khemkaran, and Amritsar-Pathankot routes besides those in Gurdaspur, Tarn Taran, Ferozepur, Fazilka, Moga, Muktsar, Mansa, Jalandhar, Hoshiarpur and Ludhiana districts.
In Hoshiarpur, the blockade was on the Jalandhar-Jammu rail section at the Tanda railway station.
According to the official sources, train no. 12920 Malwa Superfast Express and Superfast Jammu-Mumbai train were stranded at Dasuya and Bhangala railway stations respectively due to the rail blockade.
The protesters are also seeking stringent action against those who had allegedly attacked a group of farmers during the agitation against the now-repealed farm laws at Delhi’s Singhu border in January 2021.

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#Farmers #block #railway #tracks #Punjab #trains #stranded
( With inputs from www.siasat.com )

January 29, 2023
Telangana Congress offers support to beedi workers in the state

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Hyderabad: Former Minister and ex-leader of opposition in Telangana Legislative Council Mohammed Ali Shabbir on Sunday assured the beedi workers that the Congress party would provide all required assistance to protect their livelihood, health and survival.
As part of the ‘Haath Se Haath Jodo’ Abhiyan, Shabbir Ali held an interactive session with beedi workers, thekedar and others related to the industry at Kamareddy District Congress Committee.
Speaking on the occasion, Shabbir Ali said that nearly seven lakh workers were employed by 14 major Beedi industries in Telangana. However, the BJP government at the Centre and the BRS Govt in the State did nothing to eradicate poverty among beedi workers or address their health concerns.
Referring to a recent study done on the condition of beedi workers of Telangana, he said the workers were getting poor wages, facing exploitation by middlemen and they have no social security. He said lakhs of workers were forced to continue with the Beedi industry as they do not have any alternative means of livelihood.
Shabbir Ali said the workers, mainly women, were dependent on Beedi rolling for their livelihood. He said most of the beedi workers were suffering from serious health problems. However, he said they have no access to medical facilities. At least there is no ESI hospital for Beedi workers anywhere in the country, including Kamareddy.
The Congress leader slammed the BJP at the Centre for imposing 28 per cent GST on the Beedi industry. He said that the move was intended for crippling the entire industry although it employs lakhs of people. Further, he alleged that the Modi Govt was targeting the poor Beedi workers in the name of discouraging tobacco.
“Congress leader Rahul Gandhi, during the Bharat Jodo Yatra, had a detailed interaction with the Beedi workers to understand their problems. He had promised that the next Congress government will remove the GST from the Beedi industry.”
Shabbir Ali said that the Beedi workers work hard for nearly 19 hours hour every day to earn their livelihood. Despite so much hard work, due to rising inflation, most of them do not even get a proper meal every day.

The Congress leader said that the Central collects about Rs 100 crores annually from the Beedi industry in Telangana state in the form of cess. But there are no schemes to help the workers when they are in trouble. He demanded that the Center fix proper wages for the Beedi workers and provide PF cards to all workers attached to the Beedi industry. He said the Minimum Wages Act should be implemented and the wages of Beedi workers should be increased.
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#Telangana #Congress #offers #support #beedi #workers #state
( With inputs from www.siasat.com )

January 29, 2023
BRS to raise misuse of Governor’s office in Parliament

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Hyderabad: The Bharat Rashtra Samithi (BRS) will work together with other opposition parties to expose the “anti-people” policies of the BJP-led Union government and also raise the issue of “misuse” of the office of Governor during the ensuing Budget session of the Parliament.
The decision was taken at the BRS Parliamentary Party meeting here on Sunday, which was presided over by party President and Telangana Chief Minister K. Chandrasekhar Rao.
KCR, as the Chief Minister is popularly called, made it clear that the “undemocratic” politics of the Centre should be brought to light in all the possible parliamentary democratic ways. In this direction, he made it clear that the BRS should join other parties which come together and expose the Centre in both houses of Parliament.
The BRS chief alleged that the BJPA governmentA at the Centre is undermining the federal spirit and causing trouble to the states in many ways.
“This issue should also be raised in the parliament. The Centre should be forced to tell the nation what is the reason behind creating financial and other obstacles to Telangana which is running on the path of progress. The Central government is also misusing the Governors’ system,” he said.
“It is undemocratic that the Centre is using the governors as their henchmen to weaken the states. The BRS MPs should strongly oppose in both Houses the evil policies of using the system of Governors, who are supposed to be negotiators between the Centre and States while performing their Constitutional duties, for their own political interests. The Governors are deliberately delaying the decisions taken by the state Cabinet, the Legislative Assembly and the Legislative Council as well. BRS MPs should expose the Centre’s attitude and undemocratic policies of the Governors, who are trying to obstruct state governance and development, in the Parliament,” he said.
The party expressed serious concern that the situation in the country is deteriorating day by day due to the unfortunate policies adopted by the Modi government.
KCR directed the party MPs to expose the Centre which is pursuing “anti-people” policies. He told the MPs that the mistakes committed by the Centre should be brought to the attention of the country by acting strategically and raising the voice on the issues relating to people of the state as well as the country during the Parliament session.

The meeting, which lasted for more than four hours and discussed several issues, expressed concern that the negligent and perilous policies followed by the Centre are causing immense damage to the future of the country.
“The policies pursued by the BJP led Union government have become obstacles to the development of the country’s integrity. This is unfortunate. The Centre is giving arbitrarily the hard earned people’s money to their corporate friends. The Central government is showing special affection towards its friendly corporate forces and waived off loans worth lakhs of crores of rupees. In public sector companies like LIC, shares are being transferred to big businessmen like Adani aimlessly,” said KCR.
“The country is watching the hollowness of the companies which are losing lakhs of crores of rupees on a daily basis as the value of their shares plunged suddenly. It is clear that their profits are not all wealth. The Centre is making irreparable loss by privatising all the country’s assets to contribute to such financial irregularities. Both the houses of Parliament should raise their voices against the dangerous economic policies followed by the Central government which is helping the private sector to gain profits and people bear the brunt of losses. BRS MPs should strongly condemn the attitude of the BJP-led Central government which is harming the interests of the people of the country,” he added.
KCR told MPs that for the future of the country, BRS MPs should come together with MPs from every party to fight against the BJP government at the Centre in Parliament on public issues.
“The prices of petrol, diesel, cooking gas and other essential goods are increasing abnormally.The Center is not serious on the common man’s life which is burdened day by day by rising prices,” he said, directing the MPs that the sufferings and hardships of the common people across the country should be brought to the attention of the people of the country through both houses of the Parliament.
The BRS chief also asked the MPs to raise the issue of unemployment which is increasing by the day.
He also alleged that the Central government is not serious on the promises made to Telangana under the AP Reorganisation Act and the MPs should raise their voice in this regard.
Parliamentary party leaders K. Keshavrao (Rajya Sabha), Nama Nageshwar Rao (Lok Sabha), MPs Joginapalli Santosh Kumar, K.R.A Suresh Reddy, Badugula Lingaya Yadav, Vadiraju Ravichandra, Bandi Parthasarathy, Deevakonda Damodar Rao, Kotha Prabhakar Reddy, BB Patil, Manne Srinivas Reddy, Maloth Kavita Naik, Pasunuri Dayakar, Borlakunta Venkatesh and Potuganti Ramulu participated in the meeting.
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#BRS #raise #misuse #Governors #office #Parliament
( With inputs from www.siasat.com )

January 29, 2023
Hyderabad Cricket has become a banana republic; no sensibility, no direction except losing matches

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Hyderabad cricket is in a pitiable state. It has recently recorded its worst ever performance in the Ranji Trophy Championship. In the past Hyderabad used to be known for it’s daredevilry. Its batsmen never hesitated to play their shots. The bowlers used to be very crafty – especially the spinners who were among the best in India. They could break the spine of the strongest batting line ups. Hyderabad also used to be a rival that the big guns took very seriously.
Now Hyderabad has declined to unprecedented depths in the Ranji trophy. The six defeats are testimony to the team’s abject failure. Hyderabad finished with just one point from seven matches and was demoted to the Plate group for the next season. This is the third time that Hyderabad has faced this ignominy.
Those who love Hyderabad cricket passionately are in despair. How long will this torture go on? How many defeats and humiliations will it take to shake the HCA administration out of its slumber?
The famous basketball coach of the USA, John Robert Wooden once said something that applies very aptly to Hyderabad’s present condition. He said: “Failure against rivals is not fatal. But failure to change one’s methods can be fatal.” Meaning, the best of teams may fail from time to time. But as long as they learn from that failure and change their methods, they are safe. Success will come one day. But in Hyderabad, no lesson has been learnt from failures and nothing has changed.
Year after year we see the same story being repeated. The internal squabbling between administrators continues endlessly. The local league cricket is not being conducted in a systematic and progressive manner. Recently the media exposed how the increase in the number of teams has led to a further increase in malpractices.
A former well experienced state player who is now a top official in one of the cricket clubs told this correspondent that in 2019-2020 the number of teams in the A-1 Division 3-Day league was suddenly increased from 18 to 35 without any rhyme or reason. Now the number has risen further.
“This has brought down the standard at the topmost level of the Hyderabad leagues. Because players can now score a century or take five wickets against obscure rivals and thereby stake a claim for a place in the state side. In the season of 2021-2022 the same story was repeated. And this season has started badly again. Things are going wrong because rules are being flouted regularly with utter impunity,” he pointed out.
“When so many teams are playing, obviously there is a lack of top quality grounds. What is the standard of the pitches and outfields on which league matches are played? Does anybody pay any attention to these important aspects of the game? On poorly maintained grounds, players cannot show their skill. There is enough money in the game to improve infrastructure. But it is not being done. If the conduct of league tournaments does not improve, it logically follows that there will be no improvement in Hyderabad cricket,” he lamented.

Another official pointed out that many questionable decisions were made in Hyderabad’s participation in domestic tournaments. Many choices were haphazard and irrational. For the Syed Mushtaq Ali Trophy tournament, seven different opening pairs were tried out. Eleven new players made their debut. Players with immense potential were overlooked and players with little experience and poor scores were selected. Players who succeeded in one match found themselves dropped for the next match. There was not even a semblance of stability in the side. The coaching staff consisted of only one head coach without any assistant coach or fielding coach.
As the saying goes in all sports, the grassroots level is where the talent takes root. That organisation which can improve cricket at the lowest level will rise to great heights at the topmost level. But in Hyderabad nobody seems to care. The HCA seems to have developed a skin so thick that the worst humiliation cannot bring about a sense of shame.
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#Hyderabad #Cricket #banana #republic #sensibility #direction #losing #matches
( With inputs from www.siasat.com )

January 29, 2023
SCR completes electrification between Vikarabad-Parli Vaijanth

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Hyderabad: The South Central Railway has completed the Vikarabad-Parli Vaijnath electrification project, which covers Telangana, Karnataka, and Maharashtra.
The final stretch of the project between Latur Road-Parli Vaijnath, a distance of 63.75 km, has been commissioned, marking the completion of the entire project.
With this, the entire section of 268 km, covering around 90 km in Telangana, 62 km in Karnataka, and 116 km in Maharashtra states now stands electrified.
Vikarabad-Parli Vaijnath electrification project was sanctioned in 2018-19 at an estimated cost of Rs 244 crore.
The stretch between Vikarabad-Kohir Deccan (a distance of 45 km) was commissioned in March 2021 and the stretch between Kohir Deccan-Khanapur (60.5 kms was completed in January 2022. Later, a 98.75 km stretch between Khanapur-Latur Road was electrified in October 2022. Now, the last stretch of the project has been completed.
The SCR said the trains in the entire section can now be operated with electric traction on end to end basis. This is one of the important sections handling trains between southern part of India and towards Aurangabad, Shirdi and Pune among others.
To achieve “Mission Electrification”, the electrification of the railway lines is being done on a war footing basis to complete 100 per cent electrification of the SCR network. Electrification of railway lines will pave the way for environment friendly means of transportation by replacing diesel traction with electric traction. It also helps in seamless movement of freight and passenger traffic, besides reducing the enroute detentions. The fuel expenditure will be drastically reduced by reducing diesel consumption.
SCR General Manager Arun Kumar Jain complimented the officials of the electrical wing of both headquarters and Secunderabad Division for completing the entire Vikarabad- Parli electrification project within the stipulated time.

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#SCR #completes #electrification #VikarabadParli #Vaijanth
( With inputs from www.siasat.com )

January 29, 2023
Centre uses companies like LIC to help Adani, other businessmen: KCR

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Hyderabad: Telangana Chief Minister K Chandrashekar Rao (KCR) stated on Sunday in the Bharat Rashtra Samithi (BRS) Parliamentary Party that the situation in the country is deteriorating day by day due to the unfortunate policies adopted by the Union Government. As such, KCR directed the party MPs to expose the Centre in the Parliament Budget session.
CM KCR said that the mistakes committed by the Centre should be brought to the attention of the country
by acting strategically and raise the voice on the state people’s issues as well as the country during the Parliament session. He further said that CM KCR has made it clear that the BRS should join other parties which come together and expose the centre in both houses of Parliament.
BRS Parliamentary Party meeting was held at Pragati Bhavan on Sunday under the chairmanship of the Chief Minister. The meeting lasted for more than four hours and several issues were discussed. The meeting expressed concern that the negligent and perilous policies followed by the Center is causing immense damage to India.
“The Centre is giving arbitrarily the hard earned people’s money to their corporate friends. The central government is showing special affection towards its friendly corporate forces and waived off loans worth lakhs of crores of rupees. In public sector companies like LIC, shares are being transferred to big businessmen like Adani aimlessly,” said KCR.
The CM further said that the country is watching the hollowness of the companies which are losing lakhs of crores of rupees on a daily basis as the value of their shares plunged suddenly.
“It is clear that their profits are not all wealth. The Centre is making irreparable loss by privatising all the country’s assets to contribute such financial irregularities. Both the houses of Parliament should raise their voices against the dangerous economic policies followed by the central government which is helping the private sector to gain profits and people bear the brunt of losses,” he added.
Discussing Telangana’s governor and the situation of other states KCR said, “It is undemocratic the Center is using the Governors as their henchmen to weaken the states. The BRS MPs should strongly oppose the evil policies of using the system of governors, who are supposed to be negotiators between the central states while performing their constitutional duties, for their own political interests in the Parliament. The governors are deliberately delaying the decisions taken by the state cabinet, the legislative assembly and the legislative council as well,” he said.
KCR also commented on the prices of petrol, diesel, cooking gas and other essential goods which are increasing abnormally.

“The Center is not serious on the common man’s life which is burdened day by day by rising prices. CM KCR directed the MPs the sufferings and hardships of the common people across the country should be brought to the attention of the people of the country through both houses of the Parliament,” he added.
The CM also made it clear that the Central government is not serious about the promises made to Telangana under the AP reorganization act, and the MPs should raise their voice in this regard. CM KCR said the MPs should raise their voices in the Parliament for many rights that Telangana deserves.
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#Centre #companies #LIC #Adani #businessmen #KCR
( With inputs from www.siasat.com )

January 29, 2023
Maha Cong chief questions investments by PSUs, LIC in Adani Group; seeks SIT probe

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Mumbai: Maharashtra Congress chief Nana Patole has alleged the money of LIC and other PSUs was invested in Adani Group at the behest of Prime Minister Narendra Modi which he claimed was “a massive scale of irregularities” and demanded a probe by Special Investigation Team (SIT).
He also demanded the Maharashtra government take back the Dharavi redevelopment project in Mumbai from the Adani group.
The Congress’ demand for an SIT probe came days after a New York firm alleged in a report that its two-year investigation found the Adani Group “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades”.
Adani Group has threatened to sue Hindenburg Research for its “reckless” attempt to sabotage the mega share sale at Adani Enterprises and called the report “maliciously mischievous”.
“Prime Minister Narendra Modi and industrialist Gautam Adani’s close relations are well known. The money of State Bank of India, LIC (Life Insurance Corporation), and other public sector undertakings (PSUs) have been invested by PM Modi without any thought and procedure in Adani group,” Patole alleged in a statement issued on Saturday.
He claimed such “favouritism” over the Adani Group has caused the fear of losing this money (against the backdrop of the group’s share tumbling on bourses).
“It is a massive scale of irregularities and there should be an SIT to probe it,” the Congress leader stated.
Patole alleged Narendra Modi’s closeness with Adani was well-known even before Modi became the prime minister (in 2014).

“After coming to power at the national level, PM Modi showed special favour and helped the group with a loan from SBI. The LIC has invested nearly Rs 74,000 crore in it. Adani could rank among the world’s richest persons so soon only because of Modi’s blessings.
“The public sectors undertakings that were performing well, have been given to Adani group for its operations as well. The bubble was burst and Adani may have to go to jail like Sahara group’s Subrato Roy,” Patole alleged.
He said it is a “world-known secret” that probe agencies were used to force a company to hand over the Mumbai international airport’s operations to Adani Group.
“Even Maharashtra deputy chief minister Devendra Fadnavis has planned to hand over operations of state distribution utility to Adani group but it could not materialise because of the strong opposition from its union,” Patole added.
He claimed a Dubai-based real estate development company had put in the highest bid for the Dharavi slum rehabilitation project in Mumbai but the contract was awarded to Adani Group.
“Going by this group’s irregularities, it endangers the people living there and small businesses. The government should take back the Dharavi redevelopment project from the Adani group,” he demanded.
The Adani Group has termed the Hindenburg report malicious with unsubstantiated contents.
“The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023 has adversely affected the Adani Group, our shareholders and investors. The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens,” Adani Group’s legal head Jatin Jalundhwala had said in a statement.
“We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” he stated.
However, Hindenburg has stood by the report.
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#Maha #Cong #chief #questions #investments #PSUs #LIC #Adani #Group #seeks #SIT #probe
( With inputs from www.siasat.com )

January 29, 2023
DU teachers take on Delhi govt over ‘ghost employees’ being made permanent

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New Delhi: The Arvind Kejriwal-led AAP government has written to the Vice-Chancellor of Delhi University to accommodate the teachers and employees whom it had not very long ago called “ghost employees”, the varsity teachers claimed.
Disappointed with the Delhi government for not receiving their salaries for the last several months, the teachers submitted that “the government should first arrange for their pending salaries and then talk about accommodating the new staff”.
Most of the teachers believe the move is a part of the Kejriwal government’s strategy to seek votes of the ad-hoc teachers for the Delhi University’s Executive and Academic Council elections.
The teachers said that the ad-hoc teachers in the colleges funded by the Delhi government were yet to receive the arrears of the 7th Pay Commission while claiming that for the last three years, the ad-hoc teachers did not receive payment for medical bills, LTC, apart from the child education allowance.
Delhi Education Minister Manish Sisodia in a letter to Delhi University Vice-Chancellor Yogesh Singh has expressed concern over the displacement of nearly 70 per cent ad-hoc and temporary teachers during interviews for the post of Assistant Professors in colleges, calling for permanent recruitment of ad-hoc teachers.
Reacting to Sisodia’s letter, Delhi University teachers’ organisation ‘Forum of Academics for Social Justice’ said: “Delhi government earlier used to call these teachers and staff ‘ghost employees’ but now it has written letter to the V-C to accommodate them.”
The teachers, meanwhile, have urged the V-C to write to the Delhi government to clear their salaries, payment of arrears, leave travel concessions (LTC) and medical bills.
A total of 28 colleges affiliated to Delhi University are funded by the Delhi government. Of these, 12 colleges that are 100 per cent funded by the Delhi government have been facing financial crisis.

The teachers claimed that there have been instances of shortfalls and delays in receiving grants in the last three years, which eventually led to non-payment of their salaries for the last four months.
The professors of Maharaja Agrasen College — also affiliated to Delhi University, on Friday expressed their ire against the Delhi government for not receiving salaries by polishing shoes on the footpath.
Meanwhile, Prof. Hansraj Suman of Delhi University has expressed disappointment over Sisodia’s letter, saying: “The Minister should first accommodate thousands of guest teachers engaged in the Delhi government schools and then think about these 28 colleges.”
More than 7,000 guest and ad-hoc teachers have been working in Delhi government schools for the last decade.
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#teachers #Delhi #govt #ghost #employees #permanent
( With inputs from www.siasat.com )

January 29, 2023
G20 International Financial Architecture Working Group meeting to begin on Monday

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Chandigarh: A G20 International Financial Architecture Working Group meeting will start on Monday, where participants will discuss ways to enhance the stability and cohesion of the global financial architecture and how to make it fit to address global challenges of the 21st century.
The two-day meeting will also focus on exploring ways to provide maximum support to poor and vulnerable countries, Anu P Mathai, economic advisor, department of economic affairs, told the media here on Sunday.
Around 100 delegates from G20 countries, invitee countries and international organisations will participate in the meeting.
Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar and Minister of Food Processing Industries Pashupati Kumar Paras will inaugurate it, she said.
The discussions during the meeting will be jointly steered by the ministry of finance and the Reserve Bank of India along with France and Korea who are the co-chairs of the International Financial Architecture Working Group.
“The meeting will discuss ways how to increase the stability and cohesion of the international financial architecture and how to make it fit to address the global challenges of the 21st century,” she said.
Sharing details about the working group, she said it plays an important role in shaping and strengthening global financial architecture on major international economic issues.
“This group originated in response to the Asian financial crisis. Initially, it was a grouping of the finance ministers and the central bank governors of these countries.

“In 2008, when there was a global financial crisis, it was elevated to a summit level and it means that the heads of the states of these countries also begin to meet every year,” she said.
This working group particularly deals with how to strengthen the crisis response at the times of crisis, she said.
Replying to a question, she said the debt is a major item on the agenda of the International Financial Architecture Working Group.
“Then how multilateral development banks and international financial institutions can be made stronger to meet the funding needs of the challenges of the 21st century like pandemic and climate change.
“Then the global financial safety net which is a term used for the network of institutions and lending arrangements and regional financial arrangements for increasing liquidity and for providing resources both as preventive measures and in times of crisis. So how can this be made stronger and that is another area which is going to be discussed.
“There is an issue like what are the implications, macroeconomic implications of the central bank digital currency that is another issue. Then the issue related to capital flows, volatility of the capital flows. So there are the broad areas of the International Financial Architecture Working Group,” she said.
Under the Indian Presidency, there will be a comprehensive look at the global debt situation, she said in a response to a question.
On the sidelines of the meeting on Monday, a G20 side event titled ‘Central Bank Digital Currencies (CBDCs): Opportunities and Challenges’ will also be held.
The event is aimed at sharing countries’ experiences and developing a deeper understanding of the macro prudential implications of CBDCs, she further said.
This working group will meet again in March, June, and September at other places to continue discussions on the priorities set under the Indian Presidency.
Discussions from the International Financial Architecture Working Group meeting will further inform the G20 Finance Ministers and Central Bank Governors (FMCBG) on the key deliberations on related priorities under India’s G20 Finance Track, said an official release.
The first meeting of the G20 Finance Ministers and Central Bank Governors is scheduled to be held on 24-25 February 2023 in Bengaluru.
Baldeo Purushartha, joint secretary, department of economic affairs, said the foreign delegates will be apprised of the art and culture of North India through a cultural event.
They will also be taken to famous sites like Sukhna Lake and Rock Garden in Chandigarh and on February 1, the delegates will be taken to Virasat-e-Khalsa in Anandpur Sahib in Punjab, he said.
Meanwhile, Chandigarh city has been decked up with national flags of the G20 countries at various roundabouts.
Guides well-versed in multiple languages will also accompany the delegates when they visit famous places in Chandigarh.
India assumed the G20 presidency for one year on December 1, 2022. The G20, or Group of 20, is an intergovernmental forum of the world’s major developed and developing economies.
It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Indonesia, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).
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#G20 #International #Financial #Architecture #Working #Group #meeting #Monday
( With inputs from www.siasat.com )

January 29, 2023