FM to leave for bilateral talks with Singapore tonight

Modesto Morganelli
Novembre 14, 2017

As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent, while a uniform 5 percent tax was prescribed for all restaurants, both air- conditioned and non-AC, Finance Minister Arun Jaitley said after the GST Council meeting.

Finance Minister Arun Jaitley said the government has chose to inject more capital in state-owned banks to strengthen the banking system and spur economic growth.

On November 15, Jaitley is scheduled to visit the Singapore Expo and deliver the Keynote Address at the Singapore Fintech Festival, a global event attracting over 10,000 participants.

On November 16, Jaitley will deliver the Keynote Address at the Morgan Stanley Sixteenth Annual Asia Pacific Summit in Singapore on the topic of "India: Structural Reforms and Growth Path Ahead". He will also discuss investment and other issues with his counterpart in the Singapore Government, Finance Minister Heng Swee Keat.

He will interact with the Chairman and board of directors of Temasek, a Singapore-based investment firm.

An Investors' Roundtable is being organised by the Ministry of Finance and the Indian High Commission in Singapore during Mr Jaitley's visit. The roundtable will be co-chaired by Subhash Chandra Garg, Economic Affairs Secretary and Tan Ching Yee, Permanent Secretary, Ministry of Finance, Government of Singapore.

Jaitley is slated to address investors including leading institutional investors and business houses in Singapore who control significant investments globally and have either existing investments in India, or are contemplating such investments in the country in the near future, the statement added.

This is published unedited from the PTI feed.

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