Asserting that the global economic recovery is uncertain,
Finance Minister Arun Jaitley has underlined the need to explore unconventional
means to raise resources to achieve Sustainable Development Goals.
Jaitley, in his interventions at the G24 Finance
Ministers meet, welcomed the SDGs, which are
to be achieved by 2030.
"He alluded to the uncertainty surrounding the recovery
of global economy and emphasised the need to explore unconventional means to
raise resources to achieve the SDGs," a Finance Ministry statement said.
Jaitley is in
On Thursday, he took part in the G-20 Finance Ministers
meet.
The minister also highlighted initiatives taken by India to
overcome the challenges to the economy and elaborated the unique
identity-linked financial inclusion programme, which has resulted in opening of
18 crore (Rs 180 million) new bank accounts enabling direct transfer of
benefits under various government welfare schemes.
Jaitley also welcomed international tax co-operation, particularly
the automatic exchange of tax information and referred to recent enactment of a
strong law to curb illicit financial outflows from the country.
In addition, he explained the initiative Mudra Bank to provide
loans to micro and small enterprises, thus, facilitating job creation and
self-employment.
Jaitley also held bilateral meetings with the US Treasury Secretary
Jacob Lew, Finance Minister of France Michael Sapin and Finance Minister of
China Lou Jiwei.
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