Jaitley addresses global investors on reforms, economic outlook

Jaitley addresses global investors on reforms, economic outlook
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New York/New Delhi: Finance Minister Arun Jaitley, who is visiting the US to attend the IMF-World Bank meeting, addressed investors in New York on issues concerning reforms and economic outlook.

The investor round-table talks on the topic ‘India’s reforms & economic outlook’ were organised by the US-India Business Council (USIBC), industry chamber CII, and US stock exchange Nasdaq on Tuesday.

Economic Affairs Secretary Subhash Chandra Garg also attended the round-table meet.

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The minister would travel to Washington for attending the Spring Meetings of the World Bank and the International Monetary Fund (IMF) from April 12 to 14.

Among others, RBI Governor Shaktikanta Das is also slated to attend the IMF-World Bank meetings.

The minister is likely to return on April 15.

This is Jaitley’s first official visit overseas after he underwent a renal transplant surgery in May 2018.

He had travelled to the US in January this year for medical treatment.

Thomas Cook buoyant on strong Rupee, offers election sops
Kolkata, Apr 10 (PTI) On the back of strong Rupee, travel major Thomas Cook (India) Ltd Wednesday said it registered a robust growth of booking for international travel from India in the January-March period of 2019 as elections have not shown any negative sentiment to tours.

The company has decided to offer sops to celebrate the Lok Sabha election and launched ‘Ghar Jao Vote Karo’ campaign ahead of the polls that begins Thursday.

“We have registered 20 per cent jump in revenue while the number of travellers’ booking rose by 15-16 per cent in the January-March 2019 compared to the same period last year,” Thomas Cook India VP (holidays) Romil Pant said.

About the sops around elections, he said, “We are offering Rs 1,000 discount for domestic travellers booking an air ticket from workplace city to their hometown to vote.”

After voting, travellers with the indelible mark on their fingers, the proof of that they had voted, will get Rs 3000 discount per person on domestic holidays and Rs 5000 on international travels, Pant said.

The Rupee had regained some 10 per cent from its recent lost ground from a low of Rs 74 against US Dollar, encouraging travellers. The sector had suffered owing sharp Rupee depreciation last year.

Pant said there have been some talks of election tourism among international travellers to India but that remains at a very nascent stage.

Thomas Cook is focused on outbound travel.

In Gujarat, some travel agents have been promoting election tourism among international tourists in line with Mexico to showcase Indian election as a festival.

Cruise as a segment is gaining momentum with strong uptake of 32 per cent, he said adding that the country’s first domestic luxury cruise is set to begin sailing between Goa and Mumbai from April 17.

He said the “women only” groups for international destinations are gaining more attraction.

Pant said the east market is promising and Kolkata was showing the strongest growth of 25 per cent growth in customised holidays in the recent period.