Finance Minister Arun Jaitley has said the government has resolved various issues with regard to taxation. He said the government is gradually working to bring down the corporate tax rates to the global level. Speaking on the theme of 'Reimagining the Indian economy' at a Management institute in Sydney, Mr Jaitley expressed confidence that Goods and Services Tax (GST) would get the approval of Parliament soon.Among the challenges that India is facing, Jaitley highlighted the problem of stretched private sector and twin balance sheet of companies and PSU banks. Finance Minister said despite a global slowdown India managed to maintain 7.5 per cent growth rate and all parameters, the Current Account Deficit, are in very acceptable figures.On FDI Mr Jaitley said the government has opened up various sectors, including insurance and railways, and has also removed unnecessary conditionality which was slowing down FDI. The minister said India in moving forward in eliminating corruption in decision-making regarding projects and environment and FIPB clearances.