Russia G-20 Summit today:

5092013

 

International relation and affairs which appears conflicting on issue of Egypt ,Iran Syria,  the G20

is platform to bridge the gap and rope in UN to bring desired peace by making provision of sending IPKF 

to the internal warring nation.

Leaders of the G20 nations are meeting this evening at St Petersburg in Russia. To be focusing on a host of economic issues including currency volatility in emerging market economies, Sustainable and balanced growth, employment opportunities, tax evasion, trade and reforms in multilateral institutions.

The emerging situation in Syria is likely to overshadow the economic issues in the two-day summit. India will co-Chair of the Working Group on the “Framework for Strong, Sustainable and Balanced Growth”.

Global markets have been volatile on concerns about a possible US military intervention. Investors are also nervous about the US winding down its stimulus measures.

The leaders of Brazil, Russia, India, China and South Africa, which collectively form the BRICS nations, are meeting informally before G-20 Summit begins. Official India media  reports, these nations are to set their own agenda for the larger summit of G-20.The five emerging economies had agreed in Durban in March this year to create a 100-billion dollar currency reserve fund to help similar countries and poor states in easing their short-term liquidity pressures and keeping their financial stability. The process , however may take months on account of difficult details that need to be ironed out..Division of the capital, payment of the capital, the location of the bank and the bank’s management are some of the issues that have to be decided.

The BRICS partners are concerned about the US Federal Reserve’s plans to start tapering its liquidity injection programme. Brazil’s Real and India’s Rupee which fell to more than 68 to a Dollar last week, weakened the most. Brazil was forced to announce a 60 billion dollar intervention to prop up liquidity. The Rupee has lost over 20 percent year to date, the Real declined 15.5 percent, South Africa’s rand 18.07 percent and, the Rouble 3.95 percent.