Don't fear knee-jerk reaction on P-Note curbs: FM to investors
Source: PTI Seeking to calm panic-stricken investors, Finance Minister Arun Jaitley today said they need not fear any "knee-jerk" reaction from the government on the SIT report, which had recommended tough measures to check investment flows through P-Notes. He also assured investors that the government will not take any action that may jeopardise investment climate even as the benchmark BSE Sensex tanked close to 500 points on fears of action on the suggestions of the Supreme Court appointed Special Investigation Team (SIT). Participatory Notes (P-Notes) are used by large number of foreign investors to invest in equity markets without disclosing their identity to the market regulator Sebi. "It is too early to say what view the government would take. But the ...
Aero India a launch pad for domestic defence manufacturing sector: PM
Jayarama Emani | The Dollar Business The 10th edition of Aero India kicked-off in Bangalore today with Narendra Modi, Prime Minister of India, formally inaugurating it. Speaking at the event which had participation from 250 Indian companies and more than 300 international firms, Modi said, “For me this is not just a trade fair for defence equipment, but a platform to launch India’s defence manufacturing sector.” Stressing the need for a strong defence industry, Modi said that investments in defence can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country. Turning his focus on his pet project, ‘Make in India’, the PM said that India’s defence industry in private sector though small, ...
