Finance Minister P Chidambaram arrives in US to woo investors

Chidambaram arrives in US to woo investors

However, the decision of Prime Minister Manmohan Singh to put on hold the contentious Preferential Market Access (PMA) policy is expected to give Chidambaram some comfort level in responding to the charges of the American corporate sector and lawmakers. The move has been welcomed by the US industry. Chidambaram is likely to discuss the issue of investment by US companies in India, especially in infra sector, various policy measures taken by the government to boost investment in the country and tax related matters among others. Before leaving for India, he is also scheduled to meet Senator Max Baucus, Chairman, Senate Finance Committee and Senator Mark Warner, Co-Chair, Senate India Caucus. Chidambaram has been pitching for increased foreign investment into India, especially in the infrastructure sector.

Next-gen finance wizards stick to what they know

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counterpart, Treasury Secretary Jacob Lew, during the four-day trip this week. Some top American lawmakers and business representatives have been complaining against India’s alleged “restrictive” and “protectionist” trade and investment policies in recent months. “We’re very concerned about the innovation and the investment environment in India at the moment,”saidMike Froman,the NationalDeputy Security Advisor on economic policies to PresidentBarack Obama. “We have a lot of concerns about what’s going on today in India especially their emerging market access barriers, protectionist measures,” said Senator Rob Portman, complaining against India’s compulsory licensing, patent issues, preferential market access and localization, which he said were great concerns to the Obama administration.

Indian Finance Minister in U.S. To Talk Investments

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Not pictured is Andrew Bent. (Photo: NYSE/ SIFMA Foundation) Four winners of InvestWrite contest get a trip to to NYSE floor Contestants give theoretical investment advice A 12-year-old’s tip: ‘Follow your instincts’ “I tried to find companies and products that I understood and that I had a personal interest in owning.” A pearl of wisdom from Warren Buffett, the so-called Oracle of Omaha? No, this one comes from 12-year-old Carly O’Connell. O’Connell and three other young investors are the winners of the annual InvestWrite essay competition, and they visited New York in late June for a victory lap.

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