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Governance no 1 priority: Modi

PTI

New York

Prime Minister Narendra Modi has said governance reform is his number one priority, during a meeting with a group of top American CEOs with a collective net worth of $4.5 trillion.

"Reform in governance is my No 1 priority. We are for simplified procedures, speedy decision making, transparency and accountability," Modi told over 40 CEOs of Fortune 500 companies over a dinner as he presented a page-long fact sheet of the steps taken by his government in the last one year.Among the CEOs of Fortune 500 companies attending event were Lockheed Martin Chairman and CEO Marillyn Hewson, Ford President and CEO Mark Fields, IBM Chairman Ginni Rometty, Pepsi Co Chief Indra Nooyi, and Dow Chemical Chairman Andrew Liveris.

Some of the CEOs attending the dinner described it as "report card," adding that this reflected the great transparency of the Modi Government.

"Please continue to do more what you are doing. May be slightly faster," External Affairs Minister spokesperson Vikas Swarup said.

Briefing reporters after the day long meetings, Indian Ambassador to the US Arun K Singh said the comments made by some of the CEOs was that a lot of progress has been made in the last one year, but it has been inaccurately assessed and reported.

During the meeting, the Prime Minister said the foreign direct investment (FDI) all over the world has fallen but in India it has increased by 40 per cent.

"This reflects confidence in the Indian economy," Modi said.

During the meeting, Swarup said the Prime Minister listened from each one of the CEOs present in the room on what their plans are for India and what are the problems they are facing and how that can be resolved.

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Oil prices pare gains on back of strong dollar, weak Japan data

The Goan Network
Published Sep 25, 2015, 12:00 AM IST
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Agencies London Oil prices pared gains on Friday after the dollar rose on expectations the United States could still raise interest rates this year and after analysts from Standard & Poor's ratings cut their oil price assumptions. Weak consumer data from Japan also weighed on price and analysts said that the slowing global economic outlook meant that oil prices would likely remain low for months to come. Globally traded Brent futures were at $48.33 per barrel at 0940 GMT, up…

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