November 16, 2017 7:50 PM

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Arun Jaitley calls on Singapore PM Lee Hsien Loong

Finance Minister Arun Jaitley today called on the Prime Minister of Singapore, Lee Hsien Loong on the second and last day of his two-day visit to that country. <br/><br/>During the meeting, both the leaders discussed the roll-out of the Goods and Services Tax (GST), issues of common interest and road map for enhancing India- Singapore Economic and Commercial ties. <br/><br/>According to a release issued by Ministry of Finance, both sides also discussed elevation of India-Singapore Partnership to a strategic level and actions taken to translate their vision.<br/><br/>Earlier, addressing the Morgan Stanley 16th Annual Asia Pacific Summit on India: Structural Reforms and Growth Path Ahead, Mr Jaitley outlined the key reforms being implemented by the present Government with a vision to position India as an attractive global investment destination. <br/><br/>He specifically mentioned the roll-out of the GST, the bank recapitalization package, ease of doing business in India, crackdown against black money, demonetization and reforms in FDI Policy regime. <br/><br/>Mr Jaitley also reiterated Government's commitment to increasing the public expenditure on infrastructure and creating environment for private participation to boost employment and provide impetus to overall economic growth. <br/><br/>The Finance Minister also addressed the senior fund managers and the key Financial Institutional investors and answered queries on various tax issues including GST.

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