Prime Minister Narendra Modi on Saturday reaffirmed his call for global institutional reform, including expanding the United Nations Security Council, in his speech on the second day of the G20 summit in New Delhi. He also highlighted several ideas and initiatives underway during India’s G20 presidency, including the development of digital public infrastructure and the formation of the Startup 20 Engagement Group.
He also called on countries to come together to build a framework for serious issues such as cybersecurity, cryptocurrencies and a framework for responsible, human-centered AI governance. Prime Minister Modi addressed Session 3 ‘One Future’ of the G20 summit on Sunday, saying, ‘Yesterday we had extensive discussions in the One Planet and One Family session. I’m satisfied with what happened.” “One planet, one family, one vision of the future. I have always paid attention to a human-centered vision rather than a GDP-centered approach.”
The prime minister reiterated his commitment to building the world system in response to “current realities,” citing the United Nations Security Council as an example. “When the United Nations was founded, the world was very different from what it is now. At that time, the founding member states of the United Nations were 51. Today, the number of countries included in the United Nations is about 200. “Nevertheless, there is a permanent membership in the United Nations. The UNSC is still the same,” he said.
The prime minister said many changes have taken place in the world since then, transforming every sector, including transportation, communications, health and education. “These new realities should be reflected in our new world fabric. “We have to be open-minded about why this is,” he said. “Regional forums have emerged in the last few years and are proving to be effective,” he added.
While calling for reform of world institutions, Prime Minister Modi also cited the example of making the African Union a permanent member of the G20. “Today, every global organization needs to reform to increase its relevance. With this in mind, yesterday we made the historic commitment to make the African Union a permanent member of the G20. Similarly, we will also need to “expand the mandate of multilateral development banks. Our decisions in this direction must be immediate and effective,” he said. added.
It should be noted that the African Union has joined the G20 as a permanent member of the G20, and India’s presidency has been a great harvest. The African Union’s participation in the G20 was one of the key priorities at the G20 Summit chaired by India. The African Union’s participation in the G20 group was proposed by Prime Minister Modi in June this year.
Prime Minister Modi further said that India has so many ideas and has so much to share with the whole world. “Today, many countries like India have much that we can share with the whole world. We are talking about sharing, which is also evidence of our commitment to human-centered growth.India has leveraged technology to drive inclusive development and facilitate last mile deliveries. Even in the most remote villages, small traders are using digital payments,” PM Modi said.
He added, “I am pleased that a strong framework for digital public infrastructure has been agreed under the Indian presidency. Similarly, the ‘G20 Principles on Utilizing Data for Development’ have been accepted.” It has also been decided to launch “Data.” He participated in the Development Capacity Building Initiative for the Development of the Global South. Another major step was the formation of the Startup 20 Engagement Group during his term as President of India. Modi also raised the unprecedented scale and speed of new generation technologies, including artificial intelligence, and proposed a framework for responsible, human-centered AI governance.
“Today, we are witnessing unprecedented scale and speed in new generation technologies. Artificial intelligence is an example. In 2019, we adopted the AI Principles. Today we need to go one step further. “I propose to establish a framework for responsible and human-centric AI governance. India also makes proposals in this regard. Our effort is to enable people to reap the benefits of AI,” PM Modi said. PM Modi further expressed his concern about serious issues facing not only the present but also future generations, such as cybersecurity and virtual currencies.
“Today, our world faces other serious problems that affect both the present and the future of all countries. We are well aware of the challenges of cybersecurity and cryptocurrencies. The field of cryptocurrencies is “a new subject for everyone: social order, finance and financial stability. “We have the Basel standards for banking regulation as a model,” the Prime Minister said. He added, “It is essential to take concrete steps in this direction as soon as possible. Likewise, global cooperation and cybersecurity frameworks are essential. Terrorism is a new pathway from the cyber world.” and are abusing new financing methods, making this an extremely important issue.” “The security and prosperity of all nations is a matter for the security and prosperity of all nations. Only when the security of all nations and the sensibilities of all nations are taken into account, the One Future sentiment will be strengthened. ”
He added that the rapidly changing global market requires not only transformation but also sustainability and stability. “Come on! Let us pledge to deliver on the Green Development Agreement, the SDGs Action Plan, the High-Level Principles on Anti-Corruption, the Digital Public Infrastructure and the MDB Reform Resolutions,” PM Modi said as he concluded his speech. Session 3.
Earlier in the day, Prime Minister Modi announced the closing of the G20 summit and proposed holding a virtual G20 meeting in November to consider proposals and proposals made at the premier forum for international economic cooperation. “As you all know, India holds the G20 Presidency until November 2023. In the last two days, you have made many proposals and put forward proposals. How quickly progress can be achieved on these. It is our duty to see,” the Prime Minister said. Mr Modi said.
He added: “I propose to hold a virtual session of the G20 at the end of November, where we can consider the agenda decided at this summit. With this, we declare the G20 Summit closed.” Before declaring the summit over, PM Modi handed over the gavel of the G20 presidency to Brazilian President Luiz Inacio Lula da Silva.
“I congratulate the President of Brazil and my friend Lula da Silva and hand over the gavel of the Presidency,” PM Modi said. Earlier, Indonesian President Joko Widodo and Luiz Inacio Lula da Silva handed over saplings to Prime Minister Narendra Modi ahead of the third session of the G20 summit.
Last year, Indonesia held the G20 Presidency, and Brazil will now take the G20 Presidency after India. India took over the G20 presidency at the G20 summit held in Bali on December 1 last year, and will continue to hold the presidency until the end of November.
The theme of India’s G20 presidency is also ‘One Earth, One Family, One Future’, which in Sanskrit translates to ‘Vasudhaiva Kutumbakam’. Remarkably, throughout the Indian presidency, raising the voice of the global South and the developing world has been at the forefront of New Delhi’s agenda.
The New Delhi Declaration was adopted with full consensus by the G20 leaders on Saturday, the first day of the summit, demonstrating India’s diplomatic capabilities at the global level. (Ani)
(This story is not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)