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Showing posts with label G20 Summit. Show all posts
Showing posts with label G20 Summit. Show all posts

Monday, 16 November 2015

Delink terror and religion, Modi tells G20 Leaders

Prime Minister Narendra Modi at the G20 Summit working session on inclusive growth, in Antalya, Turkey. 

India late on Sunday called for a comprehensive global strategy to delink terror and religion, and to promote cooperation among countries to counter radicalisation.
Addressing the G20 leaders here at a session on terrorism, Prime Minister Narendra Modi said, “We need to involve religious leaders, thinkers and opinion-makers for a social movement against extremism, particularly addressed to the youth.”
This was needed the most in countries where extremism was most prevalent, he said and highlighted the urgency for promoting broader peace and stability in West Asia and Africa.
Hitting out at terrorism, especially that perpetrated by countries as an instrument of state policy, Mr. Modi said there was a new level of threat to pluralist and open societies. “We must isolate those who support and sponsor terrorism and stand with those who share our values of humanism.”
The changing character of terrorism, he said, was visible with the use of cyberspace for recruitment and propaganda. “We don’t have a comprehensive global strategy to combat terrorism. And, we tend to be selective in using the instruments that we have.”
Global consensus
Furthermore, there should be no distinction between terrorist groups or discrimination between states and the world must speak in one voice and act in unison against terrorism, without any political considerations, he said.
He highlighted the need to restructure the international legal framework for dealing with the unique challenges of terrorism and increasing international cooperation in intelligence and counter-terrorism and appealed for early adoption of a comprehensive convention on international terrorism. “We should strengthen efforts to prevent supply of arms to terrorists, disrupt terrorist movements and curb and criminalize terror financing.”
The West Asian crisis, Mr. Modi said, focused global attention on an acute humanitarian challenge. He called for a long-term approach to, and a stronger role for the United Nations in, dealing with it.
Modi seeks more global help to get back illicit money
Prime Minister Narendra Modi on Monday sought greater international cooperation for the return of illicit money to the country of origin.
Addressing G20 leaders, at the session on ‘Enhancing Resilience,’ he wanted them to address the issues of excessive banking secrecy and complex legal and regulatory frameworks.
“In India, my government has zero tolerance of corruption and black money...We have enacted a law to deal with undisclosed assets and income kept abroad. We have also entered into a number of bilateral tax treaties.”
Mr. Modi said the G20 must continue according priority to combating corruption and sought the implementation of the Common Reporting Standard based on Automatic Exchange of Tax Information by all countries.
On trade and energy, Mr. Modi said the Doha Development Round should achieve its goals. He wanted all elements of the Bali package to be implemented fully.
Without naming the U.S.-backed Trans Pacific Partnership, he said regional trade agreements should not lead to fragmentation of the global trading system and sought support for a more liberalised multilateral trade regime.
He hoped the ratification of the 2010 reforms of the IMF would be completed in the U.S. at the earliest. “The IMF should remain a quota-based institution and not depend on borrowed resources.”
Mr. Modi underscored the need for greater labor mobility and skill portability across countries for global economic growth to be balanced and sustained.
He also sought greater voice for major emerging economies in the global governance structure for energy and said India targeted an additional 175 GW of renewable energy by 2022; a cutback on subsidies for fossil fuel and carbon cess on coal. “By 2030, we have targeted 40 per cent of our energy through non-fossil fuel.”
Higher capital requirements should not hamper financial inclusion or the functioning of the banking sector in developing countries, he said. Effective supervision and better use of technology could help cut capital requirements. “Cyber security is important for the protection of the banking infrastructure.”
He was happy that the Base Erosion and Profit Shifting Package was put up for the G20’s endorsement within the agreed timeframe.

Sunday, 15 November 2015

BRICS can give shape to G20: Modi

Prime Minister Narendra Modi with BRICS leaders during a meeting in Antalya, Turkey on Sunday.

Prime Minister Narendra Modi on Sunday strongly condemned the dreadful acts of terrorism in Paris and expressed deepest sympathy and support to Russia for the loss of life in Sinai. He spoke of the need for a united global effort to combat terrorism has never been more urgent and called for making this a priority for BRICS – Brazil, Russia, India, China and South Africa - nations.
Ankara and Beirut are also reminders of terror's growing spread and impact, Mr. Modi said in his opening address at a BRICS nations leaders meeting hosted by Russian President Vladimir Putin, here in Antalya, ahead of the G20 Leaders Summit that starts later this afternoon.
“The entire humanity must stand together as one against terrorism,” Mr. Modi said at the meeting that is being seen as a signal from the BRICS nations to the developed countries of their rising significance in global matters.
There was a time when the logic of BRICS and its lasting capacity were being questioned, Mr. Modi said. “We have provided proof of the relevance and value of BRICS through our actions…and, this has come at a time of huge global challenges”.
The New Development Bank, the Currency Reserve Arrangement, Strategy for BRICS Economic Cooperation are clear evidence of the BRICS’ vision and resolve, said Mr. Modi. “Together, we can also give shape to G20.”
The meeting was also attended by Chinese President Xi Jinping, President of South Africa Jacob Zuma and President of Brazil Dilma Rousseff.
Speaking of India’s imminent assumption of the chairmanship of BRICS from 1st February, 2016, the Prime Minister said: “India attaches the highest importance to BRICS”.
The theme of India's BRICS Chairmanship will be “Building Responsive, Inclusive and Collective Solutions” or 'BRICS'.
Mr. Modi also assured China of India’s support during its presidency of G20. China is set to take over the rotating presidency of the G20 starting in December 2015.