Economy

Positive mood about India in U.S., says Arun Jaitley

Positive mood about India in U.S., says Arun Jaitley”

The Finance Minister, Shri Arun Jiatley is now on a one week official tour to Washington D.C.to attend the Annual Meetings of the International Monetary Fund (IMF) and the World Bank and other associated meetings. To say it's a very risky proposition, it will have adverse consequences for a quarter or two, so let's not attempt it?

Responding to Congress' criticism on demonetisation and GST implementation, Jaitley said the BJP simply did what the Congress couldn't while they were in power.

He said FDI flows to India increased in 2016-17 compared to 2015-16, indicating improved global confidence in the Indian economy, according to a finance ministry statement, which added he also spoke about the interface between the global and the Indian economy, national investments and the Infrastructure Fund, and reform initiatives of the Indian government, especially to improve ease of doing business. To curb the menace of black money was never Congress' priority. "This would provide a great opportunity for Indian businesses here", Jaitley said.

"Populism is what we did not indulge in". (But) we struck a blow to that kind of an economy.

He also highlighted the contributions skilled Indian professionals have made to the economy, and that this must be suitably appreciated by the side, it said. It needs a lot of courage and guts to bring in structural reforms in the economy. "US companies are a natural investor in that particular sector", he said.

He said the world was in economic slowdown for past three years, and India is growing and taking advantage of the situation after the government has implemented structural reforms. "We have expressed this concern of our with America", said Jaitley. "But these transient impacts should not be construed as any form of a long-term challenge because I do see that the med-term and long-term impact of all these changes is certainly going to be very positive", Jaitley said while responding to a question on stimulus. For this the government has created new laws, amended laws and have created a new machinery, which will probably take care of it, he said.



Like this

loading...
loading...

Latest


15 October 2017
Westwood Holdings Group Inc. Trims Holdings in McCormick & Company, Incorporated (MKC)
Harvey Investment Co Ltd Liability Co stated it has 1.32% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Since May 1, 2017, it had 0 insider buys, and 2 insider sales for $781,618 activity. (NYSE:VZ) was sold by WALDEN MARNI M.

15 October 2017
Après les États-Unis, Israël annonce son retrait de l'UNESCO
C'est une décision qui "n'a pas été prise à la légère". [ Mise à jour le 12 octobre à 18h54 ] Israël a annoncé jeudi se retirer de l'Unesco , pour les mêmes raisons que son allié américain.

15 October 2017
Grand Theft Auto Online Transform Races, change vehicles-mid race
GTA V Online is continuously adding new ways to play the game from new vehicles to a PUBG-like Battle Royale mode . His only chance of survival would be to pass on his death sentence to another opponent.

15 October 2017
Martin Marietta Materials' (MLM) "Buy" Rating Reaffirmed at Jefferies Group LLC
Prudential Incorporated has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, March 29 with "Buy" rating. Also, Chairman C Howard Nye sold 10,258 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd.

15 October 2017
Tanger Factory Outlet Centers Inc Stock as Institutional Investors Enter
On average, equities analysts predict that Tanger Factory Outlet Centers will post $1.01 earnings per share for the current year. Currently, 94.35 million total shares are owned by the public and among those 93.13 million shares have been available to trade.

15 October 2017
Rangers fall again after quick start fades in loss to Devils
They had just five shots on goal over the span of 34 minutes, from the end of the first period to midway through the third. Wood scored his third goal in four games off a deflection in front to give the Devils the lead 16:41 into the second.

15 October 2017
Shares Picking Up Steam: Illinois Tool Works Inc. (NYSE:ITW)
For those of you who are trading Illinois Tool Works Inc ., the weekly volatility is 0.81% and performance for the week is 1.14%. Aceto had 4 analyst reports since March 31, 2016 according to SRatingsIntel. (NYSE:ITW) to report earnings on October, 19.

15 October 2017
Investigator: Man changed story on burned woman
Blount said Tellis told him he found out about Chambers' situation from someone at a convenience store just steps from his house. When Haley and two other firefighters found Chambers, she was in the middle of the road, wearing only her underwear.

15 October 2017
Congress leader Mahadev Shelar kills self in Mumbai
While Shelar's daughter is in the U.S. , his son lives on the first floor of Bilva Kung Society in Mulund, where he lived. The report says that Shelar was a lawyer by profession and known for his calm nature among the party workers.

15 October 2017
Pep Guardiola reacts to Mauricio Pochettino criticism over 'Harry Kane team' comments
Of course, it's also understandable why some would interpret that as a slight; especially to the rest of the Tottenham side. Jose with United will always be tough. "He came to see me asking, 'Gaffer why am I not in the calendar?'" Pochettino said.