Prime Minister Shri Narendra Modi has inaugurated the 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020) through video conferencing. The summit is organised by the Ministry of New and Renewable Energy. The theme for RE-Invest 2020 is ‘Innovations for Sustainable Energy Transition’. The first two editions of RE-Invest were held in 2015 and 2018.

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The two day virtual programme will provide an international forum for investment promotion in renewable energy sector and an opportunity to various countries, states, business houses & organizations to showcase their strategies, achievements and expectations. It must be noted that India has set an ambitious target of having 175GW of renewable energy by 2022 and 450GW by 2030.

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The 2020 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting was held under the Chairmanship of Malaysian Prime Minister Tan Sri Muhyiddin Yassin. This was the first time that all 21 APEC Economic Leaders met virtually due to the ongoing COVID-19 pandemic. The APEC 2020 ended with the adoption of the APEC Putrajaya Vision 2040 and the 2020 Kuala Lumpur Declaration. The APEC Summit 2021 will be hosted by New Zealand. This is the second time Malaysia hosted an APEC meeting, having hosted one in 1998.

The theme of the APEC Malaysia 2020 was “Optimising Human Potential Towards a Resilient Future of Shared Prosperity: Pivot. Prioritise. Progress”.

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About Putrajaya Vision 2040:

The Putrajaya Vision 2040 is a new 20-year growth vision, which will replace the existing Bogor Goals, which was agreed by leaders in 1994 for free and open trade and investment in APEC.

Important takeaways for all competitive exams:

  • APEC headquarters: Singapore.
  • APEC Founded: November 1989.
  • Malaysia Capital: Kuala Lumpur.
  • Malaysia Currency: Malaysian Ringgit.

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The 15th G20 Summit was held under the chairmanship of Saudi Arabia. King Salman bin Abdulaziz Al Saud of Saudi Arabia chaired the Summit through video-conferencing, due to the COVID-19 pandemic. The two-day Summit was held under the theme “Realising the Opportunities of the 21st Century for All”.

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About the Summit:

  • The focus of the G20 Summit was on an inclusive, resilient, and sustainable recovery from the COVID-19 and the leaders discussed pandemic preparedness and the ways and means to restore jobs.
  • Prime Minister Narendra Modi, participated in the Summit along with the respective Heads of State/ Government of 19 member countries, EU, other invited countries and international organizations.
  • Italy will take over the Presidency of the 16th G20 on 1st December 2020.

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Prime Minister Narendra Modi has addressed the 3rd Annual Bloomberg New Economy Forum through video-conferencing. The forum witnessed discussions on refuelling the economy and charting a course for the future, as the world economy is grappling with the COVID-19 pandemic.

Some other Speakers of the forum included Director-general of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus, former UK Prime Minister Tony Blair, former US President Bill Clinton, Microsoft founder Bill Gates, and Secretary-General of the United Nations Antonio Guterres.

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About Bloomberg New Economy Forum:

The Bloomberg New Economy Forum was established in 2018 by Michael Bloomberg, to build a community of leaders to engage in real conversations leading to actionable solutions about the critical challenges facing a world economy in the throes of a historic transition. The inaugural Forum was held in Singapore and the Second Annual Forum was hosted in Beijing.

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Prime Minister Narendra Modi has virtually addressed the 12th (BRICS) Summit. The Summit was held under the Chairmanship of Russian President Vladimir Putin. India will be taking over the Chairmanship of the BRICS in 2021 and host the 13th BRICS Summit in 2021. It would be the third time that India will take over the BRICS Presidency since its inception. Previously India was the Chair in 2012 and 2016.

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The theme of the 12th edition of BRICS Summit was “Global stability, shared security and innovative growth”. The key issues discussed by the leaders included intra-BRICS cooperation and other key issues in the global context, like the reform of the multilateral system, measures to mitigate the impact of the ongoing COVID-19 pandemic, cooperation in Counter-Terrorism, trade, health, energy and people to people exchanges.

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15 Asia Pacific countries have signed the world’s biggest free trade deal, led by China, on the sidelines of the 37th Association of Southeast Asian Nations (ASEAN) Summit. The deal called as ‘Regional Comprehensive Economic Partnership (RCEP)’, is the world’s largest trading bloc, comprising of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.

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Members of the RCEP accounts for nearly a third of the world’s population and around 30% of global gross domestic product (GDP).

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The 8th BRICS Science, Technology and Innovation Ministerial Meeting was held through a virtual platform for Science and Technology cooperation among the member countries, which are Brazil, Russia, India, China and South Africa. The meeting was held under the Chairmanship of the Russian Federation. (Russia is the Chair for 12th BRICS Summit).

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About the meeting:

The Union Minister of Science and Technology, Dr Harsh Vardhan represented the Indian delegation at the meeting. The meeting concluded with the adoption of BRICS STI Declaration 2020. During the meeting, Dr Harsh Vardhan highlighted that “The COVID 19 pandemic has been a test, demonstrating that multilateral cooperation is the key to overcoming such global challenges”. He reiterated that “India will actively contribute in the implementation of BRICS STI Calendar of Activities 2020-21 and supports continuation scientific activities under BRICS MOU on Science, Technology and Innovation”.

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The External Affairs Minister Dr S. Jaishankar has represented India at the 15th East Asia Summit (EAS) on behalf of PM Modi. The Summit was chaired by the Prime Minister of Vietnam Nguyen Xuan Phuc because Vietnam is ASEAN Chair in 2020 (ASEAN holds the central role and leadership in the forum). All the 18 EAS countries participated in the virtual Summit.

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Jaishankar underlined the key role played by the East Asia Summit (EAS) as a leading mechanism of the Indo-Pacific region and reiterated India’s support to make it stronger and more responsive. He also re-affirmed the importance of EAS as the Leaders-led forum to exchange views on strategic issues. On Covid-19, he briefed the EAS leaders about India’s response to the pandemic and highlighted India’s efforts to support the international community.

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India has extended financial contribution of USD 1 million to the COVID-19 ASEAN Response Fund. This was announced by Prime Minister Narendra Modi at the 17th ASEAN-India Summit, which was held virtually.

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Leaders from the 10 ASEAN countries welcomed the adoption of the new ASEAN-India Plan of Action for 2021-2025, at the conclusion of the Summit. PM Modi, participated in the 17th ASEAN-India Summit at the invitation of the Prime Minister of Vietnam Nguyen Xuan Phuc, who is the current chair of ASEAN.

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The 13th Urban Mobility India (UMI) Conference was organized by the Ministry of Housing and Urban Affairs. It was inaugurated by Hardeep S. Puri, Minister of State (IC) Housing and Urban Affairs. The day-long conference was held via Video Conference on the theme “Emerging Trends in Urban Mobility”.

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About the conference:

  • The conference focused on innovative measures taken at the national and international level to address the challenges posed by Covid-19 pandemic to provide accessible and convenient transport to the people.
  • The Ministry of Housing and Urban Affairs had issued the National Urban Transport Policy, 2006 (NUTP) to ensure safe, affordable, quick, comfortable, reliable and sustainable access for the growing number of city residents to jobs, education, recreation and such other needs within our cities.
  • As part of the NUTP, the Ministry has been organizing the annual international Conference-cum-Exhibition on Urban Mobility India popularly known as UMI.
  • The primary objective of the conference is to disseminate information to the cities, whose officials attend the conference to help them keep up-to-date with the latest and best urban transport practices globally.

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