Shivraj seeks investors from home, abroad
The Dollar Business Bureau Madhya Pradesh Chief Minister Shivraj Singh Chauhan on Thursday urged global as well as Indian investors to invest in the state, promising them his government’s continuous support in terms of ease of doing business and excellent infrastructure. Speaking at the “Global Investment Summit 2016 Madhya Pradesh” in New Delhi on Thursday, the Chief Minister said, “The state is focusing on continuous improvement to facilitate ease of doing business and provisioning excellent infrastructure for its investors.” “The state would like to invite a wish-list from the investors and try to accommodate all that is possible, keeping in mind the interest of the state and its people. A “single window” should be replaced with a “single table,” he said. On Thursday, Confederation ...
Liberalisation of capital account must for Indian economy, says RBI official
The Dollar Business Bureau Capital controls have worked well in the case of Indian economy and have protected the economy in times of various currency crises, but, the time has probably come for India to revisit the issue of greater capital account liberalization, said a top official of Reserve Bank of India. “Greater opening of the capital account is inescapable as the Indian economy grows further and becomes global in dimension,” said G Padmanabhan, Executive Director, RBI. Padmanabhan said that since India is likely to become a truly globalised economy in the near future, it cannot afford to remain isolated for a very long period. The official cautioned that as the economy gets more globalized, it will become more ...
