Quick Summary
Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency here today to discuss policy actions for transformative and equitable recovery along with other issues on the agenda including global economic outlook, financial sector issues, financial inclusion and sustainable finance. Smt. Sitharaman spoke about Indias policy response to the pandemic. The Fin
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FAQ :
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated virtually in the meeting.
The meeting discussed policy actions for transformative and equitable recovery, global economic outlook, financial sector issues, financial inclusion, and sustainable finance.
She spoke about India's domestic policies, which included credit guarantees, direct transfers, food guarantees, economic stimulus packages, and structural reforms.
She highlighted India's vaccination programme as the world's largest and most ambitious, and mentioned that India has extended vaccine support to several countries.
She suggested that policy dialogues on climate risk and environment taxation should adhere to the Paris Agreement principles of common but differentiated responsibility, respective capability, and voluntary commitments. She also stressed the importance of green technology transfer and scaling up climate finance.
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