Gathering investor’s interest
An increased level of investors’ interest in India will add to the overall economic situation of the country.
Finance Minister Mr Arun Jaitley said that there was an increased level of investors’ interest in India and added that the overall economic situation in the country was looking better. Mr Jaitley was speaking at the first meeting of the parliamentary consultative committee attached to his ministry held here to discuss “suggestions for the budget”. According to Mr Jaitley, the current account deficit (CAD) is under control and the Government will try to keep fiscal deficit within the prescribed limit. The minister stressed the need to boost investment especially in infrastructure sector.
On the issue of bringing back black money stashed abroad, the minister pointed out that India will soon become part of an international consortium where the focus would be on automatic transfer of information. This would help the Government in getting easy access to such foreign accounts of Indian residents, he added.