Angela Merkel Current Affairs - 2020

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Angela Merkel tops 2019 Forbes’ List of World’s most-powerful women

German Chancellor Angela Merkel has topped the Forbes’ 2019 edition of 100 World’s Most Powerful Women for the ninth consecutive year. She was joined in top spots by fellow prominent female political leaders. The 65-year-old German leader has made 14 appearances in list’s 16-year history of Forbes magazine which releases a wide-ranging list intended to celebrate 100 most influential females. She was praised for standing up to US President Donald Trump and for allowing over a million Syrian refugees into Germany.

Other Winners:

Every year Forbes’ magazine annually compiles a list of influential women leaders from around the world in politics, business and entertainment.

Top 5: In this year’s list, Angela Merkel was followed by Christine Lagarde, president of European Central Bank (ECB) and has earlier served as MD of International Monetary Fund (IMF). Christine rose to the second spot in the list after standing at number 22 last year on same list. Nancy Pelosi, Speaker of U.S. House of Representatives, stood at number 3 as the highest-ranking and most powerful female elected official in American political history. Ursula Von Der Leyen, President of European Commission stood at number No. 4 and Mary Barra, CEO of General Motors stood at number 5.

Indian Finance Minister Nirmala Sitharaman, too, found a spot on 2019 Forbes’ list. She was ranked 34, ahead of Queen Elizabeth II, who is at number 40, and Ivanka Trump, who stood at number 42.

Swedish teen environmentalist Greta Thunberg, who was recently named Time’s Person of the Year, stood at 100th spot on 2019 Forbes’ list.

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PM Modi and Angela Merkel to co-chair 5th Biennial Inter-Governmental Consultations

Indian Prime Minister Narendra Modi and German Chancellor Angela Merkel will co-chair the fifth Biennial Inter-Governmental Consultations (IGC) in New Delhi on 1 November 2019. The two leaders will also hold talks and discuss a host of bilateral issues including agriculture economic partnership, trade and investment.

Key Highlights

German Chancellor Angela Merkel arrived in New Delhi on a three-day visit to India. The Chancellor is accompanied by several Ministers and State Secretaries of Federal Government, as well as a high-powered business delegation.

Under the IGC format, counterpart Ministers from both the countries will hold initial discussions in their respective areas of responsibility.

During the 5th Biennial Inter-Governmental Consultations (IGC), the two sides will discuss the entire gamut of bilateral issues including science, education, technology, people to people contact and cultural exchanges. Discussions will also be held on deepening of cooperation in traditional sectors like transport, skill development and energy, as well as explore possibilities for cooperation in newer areas like green urban mobility and artificial intelligence (AI). Moreover, two countries are likely to sign around 20 agreements.

India-Germany

Germany is India’s largest trading partner in Europe and is also a leading investment partner with being the seventh largest foreign direct investor (FDI) in India. Both countries have established a Strategic Partnership that is characterized by a high degree of trust and mutual understanding. Moreover, the two Leaders have regularly interacted on sidelines of many multilateral meetings.

There are over 1,700 German companies active in India and more than 600 Indo-German joint ventures (JVs) in operation. Most of the German investments in India are in sectors of services sector (particularly insurance), transportation, automobiles, metallurgical industries, electrical equipment, chemicals, construction activity and trading.

NOTE: Angela Merkel announced that she will step down as Chancellor of Germany in 2021 and would not seek re-election as leader of the centre-right Christian Democratic Union( CDU), following recent election setbacks. She has held post since 2000.

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