Read the following statements carefully:
1.Ministry of External Affairs is planning to introduce a globally accepted and well-recognised cross-border insolvency framework.
2.It will be fine-tuned to suit the needs of aspirational Indian economy.
3.The Government has taken initiative for Cross-Border Insolvency within the Insolvency & Bankruptcy Code, 2016 (the Code) to provide a comprehensive legal framework.
Which of the above statements is/are correct?