30 January 2023, New Delhi: The two-day International Financial Architecture Working Group (IFA WG) meeting under India’s G20 presidency has begun in Chandigarh. The first day of the meeting will have 2 sessions. The meeting of the International Financial Architecture Working Group (IFA WG) was inaugurated by Union Minister of Agriculture and Farmers Welfare Mr. Narendra Singh Tomar and Minister of Food Processing Industries Mr. Pashupati Kumar Paras in Chandigarh.
During this, Honorable Agriculture Minister Mr. Narendra Singh Tomar said in his address that India is developing rapidly due to science and innovation. Along with this, he said that this time climate change will be a big part of the discussion in the meeting. Climate change is a global scale problem. Agriculture is the first to be affected by climate change. To fight this, agricultural scientists in India are developing seeds that are suitable for the changing climate scenario.
Many issues like India’s culture, digital currency, etc., will be discussed during the two-day meeting in Chandigarh. Solutions will be discussed to better handle serious problems like the global debt situation and the rising debt of the world’s leading economy.
What is G20?
A major forum for international economic cooperation is called the Group of Twenty (G-20). It is a group of 20 countries that play an important role in determining and strengthening the global structure and governance on all major international economic issues.
G20 Presidency of India
In the year 2023, India is leading the Presidency of G20. The theme of India’s G20 Presidency is “Vasudhaiva Kutumbakam” or “One Earth One Family One Future” derived from the ancient Sanskrit text of the Maha Upanishad.
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