HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Wednesday, February 11, 2015

A Very High Priority to be Given to Investment Including Investment in Infrastructure to Achieve G-20's Collective Growth Objective- Jayant Sinha

Strongly Advocated for Full and Fast Implementation of Automatic Exchange of Information Within the Agreed Timeframe and on a Global Scale 

“A very high priority needs to be given to investment including investment in Infrastructure to achieve G20`s collective growth objective”, said Shri Jayant Sinha, The Minister of State for Finance at the G-20 Meeting of Finance Ministers and Central Bank Governors in Istanbul, Turkey. This should be done through taking policy measures to improve business environment, mobilization of resources of multilateral banks and their technical expertise, facilitation of long term financing from institutional investors and use of new financial models to promote infrastructure as an asset class. India called for early operationalization of the Global Infrastructure Hub which has been set up following the last G-20 Summit for the development of a knowledge sharing platform and to improve investment as sought by Prime Minister at Brisbane. Minister also emphasized the need for improving the quality of public investment processes including PPP models to attract further investment which will act as a boost for growth of the economy and create the jobs we need. 

In the discussions on the global economy, he expressed his concern over the unconventional monetary policies adopted by a number of advanced economies and have emphasized the need for having an effective mechanism to deal with negative spillovers that may arise due to these policies or due to unexpected and disorderly withdrawal of these policies in future. 

India called for strengthening the IMF through implementing the 2010 quota and governance reforms and creating an environment for multilateral swaps to overcome such negative impact. The G20 Ministers have in their communique agreed to carefully calibrate and clearly communicate their monetary policy settings, assess major risk scenarios in the global economy and cooperate to manage spillovers arising from domestic policies. 

The Minister of State for Finance, Shri Jayant Sinha who made the lead intervention on Tax issues, very strongly advocated for full and fast implementation of Automatic Exchange of Information within the agreed timeframe and on a global scale including by all financial centres. This would help India to trace transactions of money illegally earned or stashed in foreign banks without paying appropriate taxes in the countries where those transactions took place. India also called for addressing the concerns of developing countries while implementing the base erosion and profit shifting initiative and preparation of toolkits to assist them for effective implementation. 

The Minister of State for Finance, Shri Jayant Sinha in his intervention on Financial Regulation stated that for promotion of innovation, it is critical to create an ecosystem for unlocking the domestic capital for funding start ups on parity with the best centres. India has taken steps to promote domestic venture capitalists and looks forward to sharing best practices in this regard. 
Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.