Treasury Secretary of the United States Mr Jacob Lew, accompanied by the Vice Chairman of the US Federal Reserve, Mr Stanley Fischer, called on the Prime Minister, Shri Narendra Modi, today. They are visiting India for the India-US Economic and Financial Partnership dialogue which is co-chaired by the Finance Minister of India.
Prime Minister recalled the landmark and highly successful State Visit of the President of the United States to India as the Chief Guest at the Republic Day Parade. Prime Minister reiterated that the economic and financial cooperation between India and the US was an important pillar of strategic partnership between the two countries. He said that the Government of India was committed to provide predictable and stable tax regime and policies and welcomed the interest expressed by the US companies to invest in India.
The US Treasury Secretary expressed deep appreciation at the financial inclusion initiative ‘Pradhan Mantri Jan Dhan Yojana’ that has connected over 100 million people with the mainstream economy in India. He also appreciated the positive approach adopted by the Government of India in addressing issues of the foreign investors.