| Promising better returns, Finance Minister Arun Jaitley today invited Australia’s sovereign wealth funds and pension funds to invest in India. During a bilateral meeting with Australian Treasurer Scott Morrison here today, Jaitley sought investments from the Future Fund, Australia’s sovereign wealth fund, as also from the Super Fund, the country’s multi-industry superannuation fund.
Jaitley also called for higher investments by Australian businesses in India, saying they can get better returns on their investments. He also said that India wants to benefit from the Australian experience in implementing GST, saying India is ready for GST rollout as hoped the new indirect taxation regime will soon become a reality...............................................Full Article: Source
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