India - Partner In Growth
Welcome to the January 4, 2018  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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PM Modi: India Committed to Ensuring Gender Equality

Prime Minister Narendra Modi has drawn upon the teachings of Sree Narayana Guru, India's great social reformer of the 19th and early 20th centuries, to urge Indians to rid the nation of social evils and to promote positive growth, including gender equality and protecting the lives of women.

FM Jaitley: Bitcoin Is Not Legal Tender in India

Finance minister Arun Jaitley has clarified that bitcoin is not a legal tender in India and the Government is awaiting a report of experts on crypto-currencies before taking further action. The Government has recently cautioned investors to be wary of virtual currencies such as bitcoin, saying they are like Ponzi schemes with no legal tender and protection. 


Govt: Financial Revolution Set to Transform Rural Economy

The Indian Institute of Corporate Affairs has been entrusted with building the capacity of the India Post Payments Bank to create a financial revolution in the nation's rural economy. The head of the bank has called the program one of the largest financial literacy missions in the world. 

Govt. Creates Electoral Bonds to Cleanse Election Financing System