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FM Notwithstanding the global headwinds India continues to maintain a high growth rate at 7.65 in 2015-16 compared to 7.2 in the previous year; Government is following the approach of Reform to Transform through far-reaching structural reforms and has initiated several initiatives to boost investment climate and improve Ease of doing Business

News and Press Release - Dated:- 5-5-2016 - The Union Finance Minister Shri Arun Jaitley said though the Asia-Pacific region remains the growth engine for the world, there appears to be a softening in region s growth rate from 5.9% projected last year to 5.7% each in 2016 and 2017. Notwithstanding, the global headwinds, Shri Jaitley said that India continues to maintain a high growth rate at 7.65 in 2015-16 compared to 7.2% in the previous year. While reiterating India s commitment to partner in .....

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s following the approach of Reform to Transform through far-reaching structural reforms. The Government has initiated several initiatives to boost investment climate and improve ease of doing business, the Minister added. The Finance Minister Shri Jaitley National Infrastructure Investment Fund (NIIF) has been set-up to stimulate investments in infrastructure. Similarly, several schemes such as Make-in-India, Startup India and Skill India are being implemented to encourage innovations, entrepren .....

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e global economic environment, ADB s ability to make timely and valued contribution is also being tested . The Finance Minister Shri Jaitley emphasized that ADB needs to become an agent of change through its support for innovative projects which may otherwise not happen through local intervention. He said that reforms such as empowerment of the Resident Missions of ADB, delegation and decentralization in decision-making are some reform imperatives. The Finance Minister called for continued empha .....

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