|| SHANIWAR SAMWAD || 19-1-2022

 Just a few days ago we got the presidency for one year of the G20 group at the Bali summit. The group already has its dominance in world politics as it has more than 50% population and market with the same amount of wealth. Prior to the closing ceremony, we played a big role in the final declaration to build consensus on it. The starting for us is very encouraging as our role as the deal makers has been established with full faith and authority.

The plan for next year is ready and we will be hosting all the important leaders and delegates in one year in different locations and establishing ourselves as the best country for foreign tourists in all aspects. the whole year will have some 200 nos of meeting in 50 diffeerent locations means increased tourist inflow to this places and a chance to showcase our culture and hospitality.

Already our hospitality sector with the aviation industry is reaching the peak level in comparison to the 2019 level. Now, the sectors will expand and capacity addition means more jobs for local and trade avenues will be created.

The world population has crossed the 800 billion mark with our own population will be the highest in the world in another year's time. It means our whole focus will be now on increasing the resources for our own citizens. Planning for the ever-increasing population is a big challenge for the government and policymakers. Already we are facing lots of problems due to this explosion as our resources are not increasing as per our expectation.

The level of transparency in the system is increasing which is reflected in revenue collection for both state and central government. The data mining and implementation of compliance with spirit are going to give more positive results in near future. But still a work-in-progress mode and needed to continue for a long time. The biggest problem is that we do not want to change ourselves but for others to change and deliver as per our whims and fancy.

 As said above we need huge resources to give a good life to our citizens. Hoping we will deliver same in near future.

The whole week is full of headlines on the positive side, the initiatives for making the Rupees as an international currency for trade and commerce has been started with the opening of six Vostro accounts in two Indian banks which will facilitate our trade in local currency with Russia, Bangladesh, Sri Lanka, and Argentina respectively in the initial phase. Going forward we will start doing trade with other major trading partners in the future which will make our currency a local one for the whole world and a major reserve currency.

The global currency i.e. Rupees will not only stabilize our reserve but also reduce the cost of managing foreign currencies and also stabilize the rate of foreign currency and fluctuation ( appreciation or depreciation ). The fed rate hike is making a major flow of funds towards the US which is creating problems for small countries and their depleting reserve is making their life more complicated as they are not making headlines like the European countries these days making, they are facing more severe problems due to this.

The rupees reserve and old barter system will make them more comfortable and stabilize their economy, the only thing we need to do is work very aggressively on it and take more countries to accept and on board for this

The system is in making just like UPI for the international transaction which is recognized by Singapore, The UAE, and the Netherlands government eventually we should make our currency, the payment gateway stronger and local for everyone in the world so that our tagline "VASUDHEV KUTUMBAMKAM " for G20 presidency will actually be delivered.