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Business News

Feb 26, 2021
9:53PM

India’s policy response to pandemic based broadly on supporting citizens through various measures: FM

@nsitharaman
Finance Minister Nirmala Sitharaman has said, India’s policy response to the pandemic has been based broadly on supporting citizens through measures including credit guarantees, direct transfers, food guarantees, economic stimulus packages and accelerating structural reform.

Participating in the First G20 Finance Ministers and Central Bank Governors meeting through video conferencing, she spoke about India’s vaccination programme, which is the world’s largest and the most ambitious vaccination drive.

The Minister also mentioned that India has extended vaccine support to several countries.

During this meeting, G20 Finance Ministers and Central Bank Governors discussed the implications of climate change on global growth and financial stability.

Speaking on the Presidency’s proposal to undertake systematic policy dialogue on climate risk and environment taxation, Ms Sitharaman suggested that these conversations should remain within the ambit of Paris Agreement and should be based on the principles of common but differentiated responsibility, respective capability, and the voluntary nature of the commitments. 

She also stressed the importance of transfer of green technologies and scaling up of climate finance.
 

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