New
Delhi, Nov 16: Union Minister for Finance Arun Jaitley has said India has
become most favourable and attractive destination for Foreign Direct Investment
(FDI) evidenced by the fact that it has become one of the largest recipient of
FDI in the world.
He was delivering the introductory address at the Investors’ Roundtable Meet in Singapore on Wednesday. The Investors Roundtable was jointly organised by the Ministry of Finance and the High Commission of India in Singapore. The Finance Minister said to provide further impetus to the economy, the present Government has implemented a slew of economy reforms one after the other including the roll-out of the Game Changing Tax Reform, Goods and Services Tax (GST) from July 1, 2017; introduction of Insolvency and Bankruptcy Code (IBC) and the Re-Capitalization Package for the Public Sector Banks (PSBs) - which will help to redress the twin balance sheet problem and revive private investment. The Finance Minister also spoke about the major initiatives undertaken by the present Government including the crackdown against black money through demonetization and other follow-up measures; and major changes in the Foreign Direct Investment (FDI) Policy regime, with an aim to make it more liberal and investor friendly. He also highlighted the ‘Ease of Doing Business’ measures initiated by the present Government in last three years resulting in India jumping in World Bank’s “Ease of Doing Business” Index from 146 in 2014 to 100 in October 2017. Earlier in his address at the Singapore Fintech Festival, Mr Jaitley said the three key structural reforms implemented by the present government in recent years -- Aadhar, Demonetisation and GST have brought transparency and efficiency in Governance and helped in transition from cash to less cash economy and from informal to formal economy. UNI
He was delivering the introductory address at the Investors’ Roundtable Meet in Singapore on Wednesday. The Investors Roundtable was jointly organised by the Ministry of Finance and the High Commission of India in Singapore. The Finance Minister said to provide further impetus to the economy, the present Government has implemented a slew of economy reforms one after the other including the roll-out of the Game Changing Tax Reform, Goods and Services Tax (GST) from July 1, 2017; introduction of Insolvency and Bankruptcy Code (IBC) and the Re-Capitalization Package for the Public Sector Banks (PSBs) - which will help to redress the twin balance sheet problem and revive private investment. The Finance Minister also spoke about the major initiatives undertaken by the present Government including the crackdown against black money through demonetization and other follow-up measures; and major changes in the Foreign Direct Investment (FDI) Policy regime, with an aim to make it more liberal and investor friendly. He also highlighted the ‘Ease of Doing Business’ measures initiated by the present Government in last three years resulting in India jumping in World Bank’s “Ease of Doing Business” Index from 146 in 2014 to 100 in October 2017. Earlier in his address at the Singapore Fintech Festival, Mr Jaitley said the three key structural reforms implemented by the present government in recent years -- Aadhar, Demonetisation and GST have brought transparency and efficiency in Governance and helped in transition from cash to less cash economy and from informal to formal economy. UNI
Post A Comment:
0 comments so far,add yours