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India-US trade negotiations going in full speed: FM Nirmala Sitharaman

Sunday, October 20, 2019, 8:00 PM

Finance Minister Nirmala Sitharaman has said the negotiations between India and the US on a trade deal are going in "full speed" and expressed hope that an agreement will be structured soon. The ongoing trade deal negotiations briefly came up for discussion during a pull aside between Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters.
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Special scheme on cards to promote component manufacturing

Sunday, October 20, 2019, 7:59 PM

The government plans additional sops like the Modified Special Incentive Package Scheme (MSIPS) to promote a component manufacturing ecosystem in the country that will go beyond making mobile phones. "The government has sought inputs for solutions for the MSIP-like scheme, which could be other than interest subvention and credit default guarantee," said an industry executive who attended the meeting.
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India expresses disappointment over lack of support for IMF quota increase

Sunday, October 20, 2019, 7:58 PM

India on October 19 expressed its disappointment over the lack of support to increase the quota structure of the International Monetary Fund (IMF). India views "the lack of adequate support for a quota increase under the 15th GRQ (General Review of Quotas) as somewhat disappointing", Union Finance Minister Nirmala Sitharaman said in her address to the annual meeting of the IMF in Washington.

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