Search Result for : G 20

The Dollar Business Bureau India’s economy is likely to grow at 7.2% in the current financial year, showing signs of revival from an expected slowdown to 6.8% in the last fiscal, said World Bank in a report on Monday. “The revision of forecast reflects a combination of the impact of demonetisation and an investment recovery that has proven more protracted than expected,” it said in its May 2017 India Development Update report. The multilateral investment agency estimated India’s gross domestic product (GDP) growth at 7.7% in 2019-20 and 7.5% during 2018-19. “Growth is likely to slowdown in the financial year 2016-17 as the momentum of October-December quarter shifts to the last quarter of January-March,” the report said. The World Bank report comes prior to the release ...

The Dollar Business Bureau  With a huge demand for investment in the infrastructure, India is looking for investors globally and London would prove to be natural destination, said Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE). “So, India is a fastest growing economy in G-20, growing at 7% a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it,” Rathi said. The LSE witnessed the listing of Rs.7,000 crore worth of bonds on Thursday and Friday. India’s Road Transport Minister Nitin Gadkari has launched NHAI bonds worth Rs.5,000 crore on Thursday. Piyush Goyal, Power, Coal and Renewable Energy Minister, has launched the trading of papers on Friday worth Rs.2,000 crore from NTPC ...

The Dollar Business Bureau Arun Jaitley expressed optimism for the future of India-US bilateral relations during his address at an event hosted to Indian Ambassador to USA, Navtej Sarna. Jaitley is currently visiting USA to participate in the yearly spring meets of World Bank and IMF along with other multilateral events like the G-20 conclave of finance ministers. In what was India's first ministerial level meet with the Trump administration, Arun Jaitley discussed the much-hyped issue of H1-B visa with US Commerce Secretary Wilbur Ross. Highlighting the contributions made my Indian employees to the American economy, Jaitley said that the US government must consider these aspects in arriving at a decision regarding the work visa which has caused a lot of apprehension in the Indian IT industry. In an unusual retaliatory tone, ...

PTI India is formulating policy to help major global defence companies set up manufacturing units in the country in collaboration with Indian firms, Finance Minister Arun Jaitley said. "Under our changed policy, we are in the future going to concentrate not merely in buying from the rest of the world, but encouraging global defence majors in collaboration with Indian companies to set up manufacturing units in India, Jaitley said at a reception hosted by India's Ambassador to the US Navtej Sarna. Jaitley, who holds the additional charge of the Defence Ministry, said the Union Government has made the initial policy changes while some more are being planned. "Hopefully in the years to come, the impact of this change ...

The Dollar Business Bureau In a special ceremony, Arun Jaitley Minister of Finance of India opened the London Stock Exchange (LSE) and and later had a discussion with the investors on the role of UK in developing the fin-tech ecosystem of India and in delivering priorities forits development. The event was attended by Liam Fox, Minister for International Trade of UK. After the ceremony, Nikhil Rathi, CEO of LSE, hosted a roundtable session with Arun Jaitley, representatives from FICCI (Federation of Indian Chambers of Commerce & Industry), fin-tech firms and major investors. “They discussed London's significant role as a partner to India, supporting the country to develop its fin-tech ecosystem and deliver key Indian priorities like infrastructure development, sustainable energy investment and the growth of smart cities,” according ...

The Dollar Business Bureau India is committed to an early implementation of G20 agricultural pledges, made at the G20 agriculture ministers’ meetings, Agriculture Minister Radha Mohan Singh said on Sunday. Addressing the G-20 Agriculture Ministers’ Meeting in Berlin, Singh said India will continue to extend its support to early implementation of past commitments made at the earlier meetings, particularly in the fields of research and development, collaboration and knowledge transfer, action to combat food loss and waste, and information and communication technologies (ICT). Singh further said that it was important for the G20 member countries and also the non-member countries to achieve the sustainable global food security goals, and that there was emerging needs to meet food and nutritional security challenges through innovative solutions ...

The Dollar Business Bureau The bilateral investment agreements of India come out to be ‘restrictive’ whereas China is emerging as a key player when it comes to foreign investments, said Arvind Panagariya, Vice-Chairman, Niti Aayog on Tuesday.  “China is now emerging as a provider of outward investment. It is looking out to set rules for outward investment...Our own bilateral investment treaty happens to be rather restrictive," Panagariya said while speaking at the International G20 Conference organised by ICRIER in New Delhi.  As per the data by Chinese government, during the January-April 2016 period, the Chinese investors had done direct overseas investment in 3,434 entities of 150 nations and regions. The direct overseas investment valued to RMB 391.45 billion (about $60.08 billion, an increase of ...

Source: PIB, Government of India The Union Finance Minister Arun Jaitley participated in the meeting of G-20 Finance Ministers and Central Bank Governors in Peru on October 8. He also participated in the G-24 Finance Ministers' meeting. In his interventions the Finance Minister, inter alia, welcomed the Sustainable Development Goals (SDGs) to be achieved by 2030. He alluded to the uncertainty surrounding recovery of the global economy and emphasized the need to explore unconventional means to raise resources to achieve the SDGs. He elucidated the initiatives taken by India to overcome the challenges to the economy and elaborated the unique identity linked financial inclusion programme which has resulted in opening of 180 million new bank accounts enabling direct transfer of benefits ...