December 2016 Current Affairs

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G-7 summit 2016 : Finance Ministers and central bank governors meet in Sendai

G-7 summit 2016 : Finance Ministers and central bank governors meet in Sendai
21 May 2016 Current Affairs: Finance ministers and central banks governor from the Group of Seven developed nations kicked off the first day of their meeting in Sendai, Japan. They have held discussions on the world economy, ahead of next week's G7 summit (26-27th May), to be held in Ise-Shima, central Japan. The participants countries in 42 G-7 summit 2016 are France, Germany, Italy, Japan, United Kingdom, Canada, Unites States and European Union.

Ahead of G-7 summit kickoff, the G-7 financial leaders discussed the future of the global economy with noted economists, including Nobel laureate Robert Shiller, a professor at Yale University, and Martin Feldstein, a professor at Harvard University. The participants are said to have exchanged views on what their governments can do to put the global economy back on track and achieve sustainable growth. Among world economic issues that they have discussed are the slowing Chinese economy and lower crude oil prices. 

They also discussed ways of dealing with tax evasion and questionable tax avoidance in reaction to disclosures in the Panama Papers. 

G7 summits : G7 summits are annual top-level meetings attended by the heads of the G7 (group of seven) nations and the President of the European Commission.

At the summits, the heads of states gather at a round table and try to reach a consensus and make decisions by freely exchanging views on various global issues faced by the international community. After each summit, a communique containing the main results is issued. Under the leadership of the heads, the summits have provided key opportunities to effectively address the issues which need to be solved swiftly by the international community.

Japan will assume the G7 presidency for one year from January to December 2016. The summit will be held in Japan for the first time since the Hokkaido Toyako Summit in 2008, eight years ago.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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