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Finance Minister Shri Arun Jaitley participates in the Sixth Annual Ministerial Meeting of India- US Economic and Financial Partnership (EFP) in Washington D.C.; Emphasized that Financial Action Task Force (FATF) must ensure effective implementation of legislation in various countries relating to terrorist financing and take concrete action against countries sponsoring terrorism and hosting terrorist infrastructure;

News and Press Release - Dated:- 15-4-2016 - Press Information Bureau Government of India Ministry of Finance 15-April-2016 12:07 IST Shri Jaitley also participates in G-20 Finance Ministers and Central Bank Governors Meeting, BRICS Ministers and Central Bank Governors Meeting and BRICS New Development Bank (NDB) Board of Governors Meeting. The Union Finance Minister Shri Arun Jaitley participated in the Sixth Annual Ministerial Meeting of India- US Economic and Financial Partnership (EFP) in Wa .....

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ompliance Act (FATCA). The Finance Minister underscored that Financial Action Task Force (FATF) must ensure effective implementation of legislation in various countries relating to terrorist financing and take concrete action against countries sponsoring terrorism and hosting terrorist infrastructure. The FATF must also address offshore tax evasion and avoidance including through tax havens. The US offered support for India s National Investment and Infrastructure Fund (NIIF) to increase financi .....

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g large economies in the world for the last three quarters, global growth continues to remain sluggish and has witnessed recurring downward revisions. Weak demand, tighter financial markets, softening trade and volatile capital flows are key headwinds to robust global recovery. Further, the efficacy of monetary policy instruments has reached its limits and that its pass through has not been seamless. Global and regional financial safety net and oversight need to be augmented, including through n .....

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