He said that BRICS together represents 40 per cent of the world population and a large part of global GDP
Jaitley singled out the Brexit vote and Donald Trump's anti-trade rhetoric in the US elections while warning against protectionism
The seminar titled 'BRICS-Investment Flows' would also discuss to tackle bilateral tax treaty abuse
He also said that since the forces of globalisation and multilateralism can go a long way in expanding global growth opportunities
At the annual fall meeting of the IMF and the World Bank, Jaitley advocated for multilateral efforts to boost trade
Jaitley, leading the Indian delegation to the IMF and World Bank meetings here, also said Pakistan has a 'very low credibility'
The FM also said that the Bank should work together with member countries to explore innovative financing solutions
He said that the two countries have also agreed to enhance strategic partnership
Tensions heightened between India and Pakistan after Indian Army carried out surgical strikes in PoK.
Jaitley arrived in Toronto on the first leg of his seven-day official trip that will also take him to the US.
On the first leg of his visit, Jaitley will reach Canada where he will hold meeting with foreign investors
On the first leg of his visit, Jaitley will reach Canada where he will hold meeting with foreign investors
FM will also attend the Annual Meetings of the World Bank & IMF
Building responsive, inclusive and collective solutions is the core-theme for the BRICS chairmanship
Jaitley elaborated that some states wanted a Rs 10 lakh threshold, while others proposed a Rs 25 lakh exemption limit for applicability of the new national sales tax
He pointed out that projects in highways, ports and railways will be mega economic activities as far as the infrastructure is concerned
The finance minister also cautioned the people of poll-bound Punjab to be 'wary' of the party
Terror attacks has nothing to do with complexion of the governments in power at the Centre, said Jaitley
Finance Ministers of BRICS countries are also likely to deliberate on the economic issues on the sidelines of the Fund Bank meeting
He described the NPAs situation as being not static or permanent