Union Minister Narayan Rane himself inaugurated the G-20 meeting in the city on Monday. He was giving his inaugural speech in Pune at the infrastructure working group (IWG ). Narayan Rane is the Union Minister for Micro, Small and Medium enterprises . He stated in his statement that there are possibilities that India can get hit with a recession after June. The center was working towards it and taking care of the precautionary measures to be taken towards dealing with it. They are trying their best to make thus recession’s hit minimal.
He stated,” There is a global recession and it is in many countries. This is what I have gathered from the discussion in the meetings of the union government. It is expected that the recession may hit India after June.” He said this in that G-20 inaugural speech in Pune.
About G-20
The group of twenty (G20) is the premier forum for International Economic Corporation. It has a major part in strengthening global architecture and governance on all major international economic issues.
He said that the G20 (IWG) will provide the direction to everyone on how they can develop the future cities. As for the symbol in G-20 India being a lotus, he also clarified that that symbol had nothing to do with the political party BJP. The minister stated this because the symbol of the BJP( Bhartiya Janta Party ) is also a lotus. He also appreciated PM Narendra Modi for making India a rising country.
He added,” Even if it has some relation with the symbol of the party , then also, I am okay with it . The lotus of the BJP stands for the sustainable development .
He answered a question and told that there is no possibility that the business policies will change in Maharashtra. A BJP Rajya Sabha MP stated that ,” All the states formulate policies to attract investments and give concessions in terms of tax, land etc.