|
|
Marketing reforms a big challenge: FM
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 05 Nov, 2014
Speaking on the issue of foreign equity in India, Finance Minister Arun
Jaitley Wednesday said the government faces a major challenge in
marketing reforms in the country, which has a large mass living at
subsistence levels.
"In a country where 30 percent of people are
living below the poverty line, your reforms cannot be one that you
simply confront public opinion, or the sectors that you simply find a
huge amount of reluctance for reformation," Jaitley said in Q&A
session at the India Economic Summit kicks off New Delhi on Wednesday.
"For a government to market reforms to them is very challenging. That debate has to be continuous," he added.
Saying
that the reforms process in India has to weigh the requirements of each
sector, the finance minister cited the example of the defence sector
where the foreign equity ceiling has been raised to 49 percent from 26
percent by the new NDAgovernment.
"This was accompanied by a big
debate on the benefit (of raising FDI in defence) on Indian society and I
can see the ripple effects already," Jaitley said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|