Inspired Living

Introduction to the G20 and its significance The G20, or Group of Twenty, is an international forum that brings together the world's major economies to discuss and coordinate policy on global economic issues. Established in 1999, the G20 consists of 19 countries plus the European Union, representing around 80% of global GDP and two-thirds of the world's population. As an influential platform for economic cooperation, the G20 has played a vital role in shaping the global agenda and responding to various economic challenges. History and evolution of the G20 Summit The G20 Summit traces its roots back to the financial crises of the late 1990s, when the need for a broader forum for global economic coordination became evident. Initially, the G20 meetings were held at the finance minister level, but in response to the 2008 global financial crisis, they were elevated to the summit level. Since then, the G20 Summit has been held annually, with member countries taking turns to h...

Within 36 hours of Lockdown Indian financial minister, Nirmala Sitharaman has announced an economic package 1.70 Lakh crore to help the poor people in the country. FM has mentioned that Govt is working to reach out to poor people, women, migrant workers. Govt doesn’t want anyone to remain hungry or without money. She also mentioned that currently, govt is focusing on two aspects that are Cash transfer and food security. Govt has already announced the extension of tax deadlines, ease on minimum balance for saving accounts, no charge for any ATM transaction. It means you can withdraw money from any ATM machine there will be no charge. Here’s the list of announcements made by FM: - Rs. 1.70 Lakh crore has been released by Govt under Pradhan Mantri Garib Kalyan Scheme. 1. Govt will provide the incurrence cover worth 50 lakh for Doctors, nurses, sanitation workers, medical staff members. She expressed her gratitude saying that they are the “frontline warriors” who are facing the c...