Jaitley formula for fund development |
India`s finance minister Arun Jaitley has underlined the need to explore unconventional means to raise resources to achieve Sustainable Development Goals (SDGs). Jaitley, in his interventions at the G24 Finance Ministers meet at Lima in Peru 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. 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 new bank accounts enabling direct transfer of benefits under various government welfare schemes. India has stepped up public spending, particularly in infrastructure sector, which offset slowdown in private investments. 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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