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New Delhi : On the sidelines of the World Bank and IMF Meetings, the Union Minister for Finance and Corporate Affairs, Arun Jaitley, on October 13, 2017, held bilateral meetings with the US Treasury Secretary and US Commerce Secretary in Washington DC and discussed the Indo-US Economic Cooperation particularly how Bilateral Trade And Investment can be improved between the two countries.
Jaitley highlighted the structural reforms India has undertaken through a series of bold measures including the Goods and Service Tax (GST), Financial Inclusion and action against the shadow economy. He also highlighted the contribution skilled Indian professionals have made to the US economy and said this must be suitably appreciated by the US side. He made a strong case for reforms in H1B/L1 visa processes and social security contribution so that high calibre Indian professionals serving American interest are not unfairly deprived of their well-earned money, according to aPIB release.
Earlier, the Secretary, Department of Economic Affairs (DEA), Ministry of Finance, Subhash Chandra Garg delivered Keynote Address on Micro Pension where he dwelt on the big challenge of convincing policy makers and the potential young persons needing pension after their active life.
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