India - Partner In Growth
Welcome to the June 20, 2017  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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KEY POLICY DECISIONS

PM Modi to Meet President Trump in Washington June 26
Prime Minister Narendra Modi will hold talks with President Donald Trump in Washington on June 26. This will be the first meeting between the two leaders. "Their discussions will provide a new direction for deeper bilateral engagement on issues of mutual interest and consolidation of the multi-dimensional strategic partnership between India and United States," the Indian Foreign Ministry said. 

Faster Insolvency Process for Start-ups, Small Firms
The insolvency process for start-ups and small companies can now be completed within a maximum of 135 days, thanks to new regulations from the Insolvency and Bankruptcy Board of India. The norms for fast-tracking the process have been notified under the Insolvency and Bankruptcy Code. In addition to start-ups and small companies, unlisted firms with total assets worth up to $150,000 would be eligible for fast-tracking the insolvency process.
 
Market Regulator SEBI OKs Commodities Futures Trading
The Securities and Exchange Board of India (SEBI) has laid out rules for the introduction of commodity options. "The launch of options will boost overall market participation, complement the existing futures, and make the commodities market more robust and efficient. The combination of futures and options can give market participants the benefit of price discovery of futures and simpler risk management of options," said the Indian commodity and derivatives exchange.