Ahead Of PM's Visit, U.S. Senate Committee To Hold Hearing On India's Economy
Facebook Twitter google+ RSS Feed

Ahead Of PM's Visit, U.S. Senate Committee To Hold Hearing On India's Economy

Wednesday, 25 September 2013, 11:54 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Washington: A key U.S. Congressional committee has convened a hearing on economic conditions in India just ahead of the crucial meeting between Prime Minister Manmohan Singh and U.S. President Barack Obama.

Senator Mark Warner, Co-Chair of Senate India Caucus and Chairman of Senate Banking Subcommittee on National Security and International Trade and Finance, will chair the hearing entitled "Assessing the Investment Climate and Improving Market Access in Financial Services in India," on Wednesday (in the wee hours of Thursday local Indian time).

The hearing will examine U.S.-India economic relations, as they are likely to be at the forefront of DrSingh's working visit to the White House.

The hearing was previously scheduled for September 11, but was postponed amidst the Syrian crisis.

The focus areas of the hearing would be regulatory and statutory barriers to foreign direct investment in the banking and insurance industry, prospects for liberalisation of market access for the financial services industry, and opportunities to increase bilateral investment between the U.S. and India.

A panel of expert witnesses including Arvind Subramanian from the Peterson Institute for International Economics will describe the current investment climate at the regional and national level including major challenges to modernising the Indian economy.

Other panelists included Richard Rossow, Director for South Asia, McLarty Associates; and Reena Aggarwal, Robert E. McDonough Professor of Business Administration and Professor of Finance, Georgetown University.

Also Read:
India Asks U.S. To Stiffen Their Own Laws on Patent Regime
10 Home Based Small Business Ideas for Women


Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset