May 26, 2016 6:56 AM

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Decision-making quickened, investors's confidence in Indian economy lifted: Jaitley

Finance Minister Arun Jaitley has expressed optimism that India is likely to register a growth rate of 7.6 per cent during the current financial year despite global challenges. In an interview to Doordarshan News, the minister said decision-making has been quickened and confidence of investors has increased in the Indian economy since the NDA government came to power. Highlighting other achievements of the NDA government, Jaitley referred to India becoming an attractive destination of foreign direct investment.Fielding questions on the Vijay Mallya issue, the minister said it has adversely impacted image of the private corporate sector and stressed that the law will take its own course.Mr Jaitley further said the government has taken several steps to deal with the black money menace and the recent amendment to the India-Mauritius double taxation avoidance agreement was another step in that direction. He also recalled the initiatives taken by the government in the last two years to streamline taxation system and improve ease of doing business.

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