READ ALSO:

Prime Minister Narendra Modi pushes grand global solar alliance before G20

READ ALSO:

Modi joins Obama, others to seek global action against terror

(PTI photo)

READ ALSO:

World leaders vow to fight terror; Paris attacks take centrestage

ANTALYA: Prime Minister Narendra Modi said on Sunday that the G20 should prepare a comprehensive global strategy to put an end to the finance, supply and communications channels that terrorists use.Addressing leaders of the Brics countries two days after the horrific terrorist attacks on Paris, PM Modi said the flow of arms and explosives to terrorist groups must stop and a special international legal regime must be created to disrupt terrorist activities. He said that countries must cooperate to prevent the use of cyber networks by terrorist groups. He also sought the early adoption of the Comprehensive Convention on International Terrorism.“We are meeting in the tragic shadow of dreadful acts of terrorism, united by a sense of shock, pain and outrage,” Modi said. "It (terrorism) not only takes a tragic toll of lives, it also extracts a huge economic cost and threatens our way of life, combating it must be a major priority for G20,” he added.Modi said he's confident that Brics economies will continue to be strong and stable and will remain a source of strength for the global economy. “As Brics, we must place our priorities on the agenda and activities of G20. One, in the area of development, G20 must place priority on effective implementation of Sustainable Development Agenda 2030 and ensure adequate funding for it,” Modi said.Later, at the opening session of the summit, Modi said the G20 should consider how to build support systems that focus on countries with maximum growth potential, help address specific bottlenecks and facilitate implementation of country strategies. He said in the area of global finance, G20 should focus on implementation of the decisions to restructure global economic institutions.Modi said the G20 should also work for close coordination on preventing corruption and cooperation on freezing of unaccounted money hoarded abroad and its repatriation.He said the G20 should focus on strengthening the rule-based global trading system and ensuring that new trading blocs do not lead to division of the global trade regime. He also called for speeding up completion of the Doha Development Agenda.In addition, the G20 must align with Sustainable Development Goals (SDGs)of the United Nations to stimulate faster and more broad-based economic growth, the PM said.“The SDGs are a comprehensive set of goals that places complete elimination of poverty in the world by 2030 as its top goal. And, it creates the right balance between growth, development, human welfare and environment,” he said.Modi said the Indian economy was expected to grow by 7.5% with strong growth prospects for the future. “Given our size and scale, India can become a pillar of global growth and stability,” he said.The PM said India does not see development and climate change as competing objectives. “This is centered on the belief in the unity of humanity and nature,” he said.He said the country had drawn up an ambitious plan for addressing the challenges of climate change. This includes additional capacity of 175 GW of renewable energy by 2022, cut in subsidies on fossil fuel and tax on coal and national clean energy fund of $3 billion to promote clean technologies.“We look forward to a concrete outcome in Paris within the framework of the UN Convention on Climate Change. The framework has an appropriate balance of collective action: equity and common but differentiated responsibility and respective capabilities,” Modi said.He said the G20 can play an effective role in supporting the multilateral goals of increasing research and development to develop affordable renewable energy.“We should also ensure that finance and technology is available to meet the universal global aspiration for clean energy. We must meet the target of $100 billion goal per year by 2020,” he said.The PM said G20 countries should increase the share of traffic on public transportation in cities by 30% by 2030. “When we speak of targets, we must not only reduce the use of fossil fuel, but also moderate our lifestyle,” he said.He said the G20 was still short in its efforts to fulfill last year's commitment to raise collective GDP by an additional 2% by 2018 and called for a continued focus on infrastructure. “Clean energy and environment friendly infrastructure will address both development and climate change,” the PM said.“Bridging the current gap in infrastructure finance in the developing countries should remain our key priority,” he added.The PM said remittances were a key source of income for households and support for the economy in developing countries. “We should define a target date before 2030 to reduce the high costs of transferring remittances,” he said. India is one of the largest recipients of remittances and has been pushing for a reduction in the cost of transactions for remittances.Read this story in Telugu