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PM Modi at G-20 Summit: 10 Developments

Prime Minister Narendra Modi on Sunday joined the leaders of the top 20 economies in condemning the barbaric terror attack in Paris and said that the fight against terrorism must be a top priority for G-20. The Summit is expected to discuss inclusive economic growth and climate change.

Updated: Nov 15, 2015, 23:27 PM IST
PM Modi at G-20 Summit: 10 Developments

Antalya: Prime Minister Narendra Modi on Sunday joined the leaders of the top 20 economies in condemning the barbaric terror attack in Paris and said that the fight against terrorism must be a top priority for G-20. The Summit is expected to discuss inclusive economic growth and climate change.

The first day of the Summit on Sunday began with a moment of silence to honour the victims of the deadly Paris attack. PM Modi has urged the world leaders to forge a global front in order to fight the scourge of terrorism:

Here the are the latest developments:

1) We meet in the tragic shadow of dreadful acts of terrorism; Combating it must be a top priority for G-20.

2) We welcome the G-20 focus on employment of women and youth this year.

3) To stimulate growth, we need to enhance public investments, not just rely on monetary policy.

4) Labour mobility and skill portability key for stable long-term economic growth.

5) Multilateral development banks should enlarge their capital base to support infrastructure needs of the developing countries.

6) PM Modi proposed a 7-point agenda on climate change.

7) He also set a target date before 2030 to reduce high costs of transferring remittances.

8) He stressed the need to shift from 'carbon credit' to 'green credit'. “We must not only reduce fossil fuel use, but also moderate our lifestyle.”

9) Bold economic and governance reforms have helped India achieve 7.5% growth, strong prospects for higher growth in future.

10) The G20 Summit, which was expected to mainly discuss inclusive economic growth and climate change, was set to adopt a resolution at the end of the two-day meeting tomorrow calling for better coordination and exchange of information to cut off funding and a more comprehensive approach on "addressing the conditions conducive to terrorism."