New Delhi, Oct 9 (KNN)  Union Finance Minister, Arun Jaitley has welcomed the sustainable development goals (SDGs) to be achieved by 2030.  He alluded to the uncertainty surrounding recovery of the global economy and emphasised the need to explore unconventional means to raise resources to achieve the SDGs.

Addressing the meeting of G-20 Finance Ministers and Central Bank Governors in Peru on October 8, 2015, Jaitley elucidated the initiatives taken by India to overcome the challenges to the economy.

He elaborated on 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, he 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.

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.

He has also held bilateral meetings with US Treasury Secretary, Jacob Lew; Finance Minister of France, Michael Sapin; Finance Minister of China, Lou Jiwei and other financial leaders. (KNN Bureau)