India - Partner In Growth
Welcome to the January 12, 2018  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
YouTube Facebook Twitter
KEY POLICY DECISIONS
PM Modi Hails 'New India Youth' in New Year Greeting

On his last Mann ki Baat radio address for 2017, Prime Minister Narendra Modi welcomed the youth of the country who will turn 18 in 2018 and become voters. Calling them the "New India Youth," PM Modi said they will form the basis of new India which will be free of evils like corruption, casteism, corruption and terrorism.   


FM Jaitley: 'Green Shoots' of India's Reforms Visible

Asserting that India is the only economy to undertake a number of structural reforms, Finance Minister Arun Jaitley said these measures can create a "transient hiatus" but "green shoots" are already coming out. Jaitley said that even when the world economy has slowed down, India continued to grow at a reasonable pace.


 
PM Modi to Attend World Economic Forum in Davos

Prime Minister Modi will travel to Switzerland on a two-day visit during which he will deliver the keynote address at the plenary session of the World Economic Forum (WEF) in Davos. This will be the first participation by an Indian prime minister in the WEF in over two decades. PM Modi will also have a bilateral meeting with Alain Berset, the President of the Swiss Confederation.


 
India Takes Steps to Fix Banks with $12.6 Billion Bond Plan

India took another step toward cleaning up a banking system riddled with bad loans, with the Government seeking parliamentary approval to issue about $12.6 billion of bonds to fund capital injections into state lenders. Prime Minister Modi's administration expects to sell the first of its recapitalization bonds before the fiscal year ends March 31.

 
India Railways to Use Drone Cameras to Enhance Safety

Indian Railways has decided to deploy drone cameras for various railway activities especially project monitoring and maintenance of tracks and other railway infrastructure. This is in line with Railways' desire to use technology to enhance safety and efficiency in train operations.

 
HIGH-IMPACT NEWS
Forbes: India Will Outgrow China in 2018 With Proper Investment

India is now the world's fastest-growing large economy, and probably will be for years if not decades to come. The IMF forecasts growth of 7.4 percent for India in 2018. China's maturing economy is unlikely ever again to match such stellar growth numbers, Forbes said.


 
New Book: India on Way to Becoming Global Power

A former Obama administration diplomat in a new book said that more than ever, India is well on its way to global power. "We are witnessing a country chart its course to power, and explicitly seeking not to displace others but to be recognized among the club of world powers, one in which it believes its membership is long overdue," said Alyssa Ayres, who served as deputy assistant secretary of state for South Asia from 2010 to 2013.

Why Indian Stocks Are at An All-Time High

Indian stocks are enjoying a five-week rally thanks to a rise in interest from foreign investors. Overseas investors' net bet on Indian equities was worth more than $7.5 billion in 2017, more than twice what the amount in the previous two years combined.



India's Tax Overhaul Unleashes Logistics Revolution

India's historic goods and services tax, which came into force in July, aimed to address a chronic drag on the nation's economy - the sluggish Indian trucking system. With the value-added taxes imposed by India's 29 states now subsumed under a single national system, the need for tax enforcement at state border checkpoints has vanished, and most have been shut, speeding truck traffic and goods flow.


Liberalized FDI Rules Make India Hot Spot for NRI Investors

India's liberalized foreign direct investment (FDI) policy, especially regarding the participation of non-resident Indians (NRI) in its economy as domestic investors, has made the country a hot destination among NRIs, according to a leading Indian businessman in the UAE.




Have a business problem with India you need fixed?
Email us at: [email protected] or  [email protected]