FM emphasizes exploring of unconventional means to raise resources to achieve the Sustainable Development Goals (SDGs)
The Union Finance Minister
emphasizes exploring of unconventional means to raise resources to achieve the
Sustainable Development Goals (SDGs)
The Union Finance
Minister, Shri Arun Jaitley participated in the meeting of G-20 Finance
Ministers and Central Bank Governors in Peru on October 8, 2015. He also
participated in the G-24 Finance Ministers' meeting. In his interventions the
Finance Minister, inter alia, welcomed the Sustainable Development Goals (SDGs)
to be achieved by 2030. He alluded to the uncertainty surrounding recovery of
the global economy and emphasized the need to explore unconventional means to
raise resources to achieve the SDGs. He elucidated the 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
180 million new bank accounts enabling direct transfer of benefits under
various government welfare schemes. In addition, the Minister also explained
India’s initiative in launching the Mudra Bank to provide loans to micro and
small enterprises, thus, facilitating self-employment and job creation. India
has stepped up public investments, particularly in infrastructure sector which
offset slowdown in private investments. India has set an ambitious target of
achieving 175 gigawatts of power generation by 2022 through a mix of renewable
energy sources and has initiated the mission to set up 100 smart cities in
India. The Finance Minister 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.
The Finance Minister has also held bilateral meetings with Mr. Jacob Lew, US Treasury Secretary, Mr. Michael Sapin, Finance Minister of France, Mr Lou Jiwei, Finance Minister of China and other financial leaders.
The Finance Minister is currently on official tour to Peru to attend the Annual Meetings of the International Monetary Fund, the World Bank and other associated meetings. He is accompanied by Dr. Raghuram Rajan, Governor RBI, Shri Shaktikanta Das, Secretary Economic Affairs, Dr. Arvind Subramanian, Chief Economic Adviser and other officials.
The Finance Minister has also held bilateral meetings with Mr. Jacob Lew, US Treasury Secretary, Mr. Michael Sapin, Finance Minister of France, Mr Lou Jiwei, Finance Minister of China and other financial leaders.
The Finance Minister is currently on official tour to Peru to attend the Annual Meetings of the International Monetary Fund, the World Bank and other associated meetings. He is accompanied by Dr. Raghuram Rajan, Governor RBI, Shri Shaktikanta Das, Secretary Economic Affairs, Dr. Arvind Subramanian, Chief Economic Adviser and other officials.
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The Asia Europe Meeting (ASEM)
of the Directors General/Commissioners of Customs Concludes
The 11th Asia
Europe Meeting (ASEM) of the Directors General/Commissioners of Customs
concluded in Goa today. Representatives from 41 Asian and European countries
and 2 Intergovernmental bodies, namely European Union and ASEAN took part in
it.
During the course of the meeting, the Heads of the Customs Administrations deliberated upon various issues and agreed upon an action plan called 'Goa Declaration' for 2016-17. The action plan involves Exchange of Best Practices and Capacity Building in the Areas of Trade Facilitation, Supply Chain Security, Scheme of Authorized Economic Operators, Coordinated Border Management, Intellectual Property Rights, Trans-boundary waste shipment, Joint Customs Operation against Counterfeit Goods, Paperless Customs, and Passenger Name Record. In order to promote Digital India campaign, India sponsored ‘Paperless Customs’ which received wide support from the ASEM Members.
During the Meeting, India and Korea signed a Mutual Recognition Arrangement (MRA) to facilitate the Scheme of Authorized Economic Operators (AEO) for boosting international trade and faster customs clearances between two countries. The 12th ASEM Meeting will be hosted by Germany in 2017 in Berlin.
During the course of the meeting, the Heads of the Customs Administrations deliberated upon various issues and agreed upon an action plan called 'Goa Declaration' for 2016-17. The action plan involves Exchange of Best Practices and Capacity Building in the Areas of Trade Facilitation, Supply Chain Security, Scheme of Authorized Economic Operators, Coordinated Border Management, Intellectual Property Rights, Trans-boundary waste shipment, Joint Customs Operation against Counterfeit Goods, Paperless Customs, and Passenger Name Record. In order to promote Digital India campaign, India sponsored ‘Paperless Customs’ which received wide support from the ASEM Members.
During the Meeting, India and Korea signed a Mutual Recognition Arrangement (MRA) to facilitate the Scheme of Authorized Economic Operators (AEO) for boosting international trade and faster customs clearances between two countries. The 12th ASEM Meeting will be hosted by Germany in 2017 in Berlin.
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