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Modi, Sharif hold brief interaction on sidelines of climate talks

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Paris: Prime Minister Narendra Modi and his Pakistani counterpart Nawaz Sharif had a brief interaction on the sidelines of the United Nations climate change conference in Paris on Monday, days after the latter said that Islamabad was ready for an unconditional dialogue with India to resolve all unsorted issues.

It is not yet clear what all they discussed during their brief meeting in Paris. The UN climate change conference will conclude on December 11.

Sharif had said, Pakistan wants sustainable peace and so his country was ready to hold talks with India without any preconditions.

However, Nawaz Sharif expressed solidarity with the separatists groups of Kashmir. He even pledged to support them in their endeavors.

Nawaz Sharif made the sensational statement during a meeting with his British counterpart David Cameron on the sidelines of Commonwealth Heads of Government Meeting (CHOGM) in Valletta, Malta on Friday. He further mentioned that Pakistan aims at maintaining a friendly relation with its neighbouring countries including India and Afghanistan. Islamabad follows a policy of friendship towards all and malice towards none, Sharif added.

Mentioning that Pakistan is a victim of terrorism, Sharif condemned the recent attack on Paris. Pakistan is against all kinds of terrorism and militant manifestations, he said during the meeting.

(Inputs from Agencies)

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Big reforms made India fastest growing major economies globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs big reform.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise. www.mapsofindia.com

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS

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