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Apr 22 • 6 tweets • 6 min read
Union Finance Minister Smt. @nsitharaman and @WorldBank Group President Mr. @DavidMalpassWBG met at Washington D.C., today. (1/6)
The two discussed India’s continued #recovery from #COVID19, impact of Russia-Ukraine conflict, Single Borrower Limit & exploring the possibility of Guarantees from other G-7 nations, India’s #G20Presidency and @WorldBank leadership in India. (2/6)
Finance Minister Smt. @nsitharaman stated that India’s pandemic response has focused on the twin goals of saving lives and livelihoods. India has been successfully running world’s 2nd largest #vaccination programme, administering more than 1.85 billion doses of #vaccines. (3/6)
Finance Minister Smt. @nsitharaman suggested that #multilateralism has become more critical as the world is undergoing a phase of exceptional uncertainty. (4/6)
Finance Minister Smt. @nsitharaman mentioned that India remains concerned about the risks to global recovery due to rising uncertainty amidst enhanced geopolitical tensions. (5/6)
Finance Minister Smt. @nsitharaman highlighted India’s roadmap for #infrastructure #development and look forward to @WorldBank’s continued support for financing #investments for the National Infrastructure Pipeline #NIP and #PMGatiShakti programme. (6/6)

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More from @FinMinIndia

Ministry of Finance Profile picture
Apr 23
Union Finance Minister Smt. @nsitharaman interacted via VC with several distinguished US universities to explore the opportunity of setting up foreign universities/institutions in @GIFTCity_ IFSC, which was an announcement made in Union Budget 2022. (1/6) ImageImage
Recognising the inherent potential of the IFSC, the Budget announcement paved the way for allowing world-class foreign universities to offer courses in Financial Management, FinTech, Science, Technology, Engineering and Mathematics in @GIFTCity_ IFSC. (2/6)
The FM spoke about the win-win opportunities for the financial services industry as well as the foreign universities operating out of IFSC, and how that can create an ideal global ecosystem for the development of skills needed in the future. (3/6)
Read 6 tweets
Ministry of Finance Profile picture
Apr 22
Union Finance Minister Smt. @nsitharaman attended earlier today the Development Committee Meeting of the World Bank in Washington D.C. (1/4)
Finance Minister Smt. @nsitharaman stated that India’s economic growth in the current year is estimated to be 8.9 per cent, highest among all large economies and reflects India’s #resilience and #strong #recovery. (2/4)
Finance Minister stated that India voluntarily offered COVID Vaccine Intelligence Network platform #CoWIN to all countries & is willing to provide assistance for other public-goods platforms, recognising the importance of replication of proven & scalable digital platforms. (3/4)
Read 4 tweets
Ministry of Finance Profile picture
Apr 22
Union Finance Minister Smt. @nsitharaman met Mr @MiebachMichael , CEO @Mastercard , in Washington D.C., today. (1/4)
Mr @MiebachMichael informed Smt. @nsitharaman that @Mastercard has set up huge #DataCentres in India and is focusing on training and digitisation of small businesses. (2/4)
FM Smt. @nsitharaman spoke about GoI committment to #Digital #FinancialInclusion with focus on #women and #SME by developing world-class #homegrown #technology #solutions. (3/4)
Read 4 tweets
Ministry of Finance Profile picture
Apr 21
Union Finance Minister Smt. @nsitharaman attended the FATF Ministerial Meeting in Washington DC today conducted along-side the 2022 Spring Meetings of the IMF-WB to endorse @FATFNews strategic priorities for the years 2022-24. (1/6)
The Strategic Priorities for FATF for 2022-24 are:

✅ Strengthen the FATF Global Network
✅ FATF systems of Mutual Evaluations
✅ Enhance International Beneficial Ownership Transparency
✅ Increase Capabilities to more effectively recover Criminal assets

(2/6) (cont…/-)
The Strategic Priorities for FATF for 2022-24 are (cont…/-):

✅ Leverage Digital Transformation
✅ Ensure Sustainable Funding for FATF Strategic priorities.

(3/6)
Read 6 tweets
Ministry of Finance Profile picture
Apr 21
Union Finance Minister Smt. @nsitharaman attends the Plenary Meeting of the International Monetary and Financial Committee of the IMF, in Washington D.C., today. (1/5)
In the backdrop of the emerging challenges, Finance Minister Smt. @nsitharaman conveyed that the global economy may witness some growth deceleration. (2/5)
Finance Minister Smt. @nsitharaman stated that the latest IMF growth projection for India during 2022-23, at 8.2 % is the fastest among major economies in the world. India has continued to implement key structural reforms aimed at enhancing productivity and employment. (3/5)
Read 5 tweets
Ministry of Finance Profile picture
Mar 31
☑️ Close monitoring of receipts from taxes & duties to the Union Government in FY 2021-22 has enabled @FinMinIndia to release two additional instalments of Central Taxes (Rs 95,082 Cr.) over and above the regular 14 instalments devolved to States during a financial year. (1/5) Image
☑️ Further to this,  a net additional amount of Rs. 43,168 crore was also released towards settlement of dues of States’ Share in Central Taxes payable from 1996-97 to 2017-2018. (2/5)
☑️ As a result, as against the BE of Rs 6,65,563 Cr. & RE of Rs 7,44,743 Cr., an amount of Rs 8,82,904 Cr. transferred to States before the close of FY2021-22. Thus, the total release to States exceeds the BE 2021-22 by Rs 2,17,341 Cr. and RE 2021-22 by Rs 1,38,161 Cr. (3/5)
Read 5 tweets

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