Jaitley optimistic and predicts GDP to grow at 7.7% in 2018
The Dollar Business Bureau Finance Minister Arun Jaitley said on Saturday that India’s economy is likely to grow at 7.7% in 2018. The emerging economies face new challenges like inward looking strategies of protectionism and enhanced geopolitical tension. Global growth is going upwards and is likely to increase further in the financial year 2017-18, Jaitley said while speaking at the 2nd yearly meeting of New Development Bank (NDB) in New Delhi. “The Indian economy is expected to grow at 7.2% in 2017 and at the rate of 7.7% in 2018,” he said. The Finance Minister said, “Emerging market economies face newer challenges in the form of inward looking policies of protectionism of some economies, global financial condition, ...
Government trying to put foreign investments on fast track
Naveen Kumar | The Dollar Business The FIPB (The Foreign Investment Promotion Board), under the chairmanship of Finance Secretary, Rajiv Mehrishi, will consider 32 FDI proposals in its next meeting on April 9, 2015. The companies whose proposal would be discussed for clearance by the Board include Decathlon S.A, France, Warden Petrochem Pvt. Ltd, Richemont Services B.V, Holland, Nickelodean Asia Holdings Ltd., Singapore, Blue Dart Express Limited among others. These cases include deferred decisions, appeal against earlier rejection or request for some amendment of earlier approval. In the last meeting that was held on March 28, 2015, FIPB cleared 10 Foreign Direct Investment (FDI) proposals worth Rs 2858 crores, while it differed 18 proposals due to various reasons. Currently ...
