Trump keen on taking forward India-US relations
The Dollar Business Bureau US President Donald Trump’s views of Indo-US relationship is very positive and is keen to take the bilateral relationship forward, Foreign Secretary S Jaishankar said, after he met the senior cabinet officials of the US government. Speaking with the Indian reporters on the margins of the India-US Strategic and Commercial Dialogue, which was started during the ex-President Barack Obama-led administration, Jaishankar said: "Optimistic" about the continuation of the upward trajectory of the bilateral relationship. Overall, (the) sense was that the Administration has a very positive view of the relationship, positive view of India. We saw a lot of goodwill and a lot of interest in taking the relationship forward.” The two countries are currently working on the nitty-gritty ...
Gadkari to seek infra investment during his US visit
The Dollar Business Bureau India seeks American investments in innovative technologies for the development of its highways, road engineering and green fuels during the week-long visit of Road Transport and Shipping Minister Nitin Gadkari to the US. "Indo-US cooperation in the vital infrastructure sector will get a new impetus when Road Transport, Highways & Shipping Minister Nitin Gadkari holds official talks with his counterpart, US Secretary of Transportation, Anthony Foxx in Washington tomorrow (Monday)," Road Transport and Highways Ministry said in a statement. "Gadkari will highlight investment opportunities in the Indian maritime sector and invite US investments in ports, port-led industrialisation, coastal economic zones, and construction of new berths and terminals in existing ports, mechanization, ship building and ship repairing, among others,” the ...
India trims US securities holdings to $118.8 bn
The Dollar Business Bureau India reduced its holdings of the US government securities to $118.8 billion in February this year, amid continuing economic uncertainties across the globe. This could be due to a slowing down in US GDP to 1.4% in the fourth quarter of 2015 from 2% in the third quarter. After hiking the exposure to these securities for the past few months, India has trimmed the exposure in the month of February, even as China purchased more such securities. According to the recent data from the US Treasury Department, India's holding came down to $118.8 billion in February this year, compared to $119.8 billion in January. Since November last year, India had been increasing its exposure to holding American government securities, which stood ...
India, US discuss measures to strengthen capital markets
Our discussion today focused on potential policy measures that could deepen Indias capital markets and drive greater US investment in India, said Ajay Tyagi, Additional Secretary, Department of Economic Affairs The Dollar Business Bureau The Indian government has discussed several key measures with the United States to strengthen its capital markets and encourage investors within the country and abroad to fund infrastructure and other development projects. Ajay Tyagi, Additional Secretary, Department of Economic Affairs, Ministry of Finance and Ramin Toloui, Assistant Secretary for International Finance, US Department of Treasury, discussed these measures during the second meeting of the US-India Investment Initiative. Our discussion today focused on potential policy measures that could deepen Indias capital markets and drive greater US investment in India. Specifically, we ...
