Indian digital eco-system is a beacon for the world: Ravi Shankar Prasad
Sairaj Iyer India’s powerful digital ecosystem can be a beacon for the rest of the world, according to Ravi Shanker Prasad, India’s Law Minister, who also holds the portfolio for Communications & Broadcasting. The minister was in Mumbai to speak on the revolutions and innovations achieved in the digital ecosystem at the Gateway House summit. Prasad found that most ministers and bureaucrats were available on social media and governance and issue-resolution was becoming quicker than usual. “India is indeed at the cusp of a digital revolution, and as an IT minister of India, I am observing a great metamorphosis of India. The digital economy in the coming 5-7 years will become a $1 trillion economy, that includes telecom, IT, and ITeS, electronic manufacturing, ...
A Budget focusing on minimum govt and maximum governance
The Finance Minister did give everyone something, in his nine pillars of focus Jasleen Kaur and Aadhira Anandh | The Dollar Business Bureau Harshvardhan Neotia There seem to be but three ways for a nation to acquire wealth. The first is by war...This is robbery. The second by commerce, which is generally cheating. The third by agriculture, the only honest way, wherein man receives a real increase of the seed thrown into the ground, in a kind of continual miracle, wrought by the hand of God in his favor, as a reward for his innocent life and his virtuous industry. Benjamin Franklin This Union Budget echoed Franklins thoughts by focusing on agriculture largely to ensure long term sustainability. The Finance Minister did give ...
FM vows corruption-free governance, reasonable tax rates
Source; PTI The Union Minister for Finance Arun Jaitley inaugurating the Resurgent Rajasthan Partnership Summit 2015, in Jaipur on Thursday. Rajasthan Chief Minister Vasundhra Raje and other dignitaries are also seen Seeking investments to boost growth, Finance Minister Arun Jaitley on Thursday vowed corruption-free governance, reasonable tax rates and non-discretionary allotment of natural resources to make it easier for companies to do business in India. He asked the states to compete among themselves to provide most investor-friendly environment, saying ease of doing business is not merely a slogan. “For the actions that the Centre and states are taking, there is a huge amount of public support and the onus on all of us therefore is to open our doors wide ...
India pitches for reforms in World Bank to reflect emerging economies
Source: PIB, Government of India The Union Finance Minister Arun Jaitley stressed on capital increase and the need for reforms in the World Bank so as to reflect the emerging world order in its governance. The Finance Minister made these observations when Sri Mulyani Indrawati, Managing Director, World Bank Group called on him in his office in New Delhi on Thursday. The Finance Minister complimented the World Bank MD for setting the twin global goals of removal of global poverty and increasing shared prosperity aligned to the SDGs (Sustainable Development Goals). Speaking on the occasion, Sri Mulyani Indrawati, MD World Bank, informed the Finance Minister about the World Bank Group’s agenda and strategy for achieving the twin goals of removal of ...