Modi is in Russia on the third leg of his four-nation tour that has also taken him to Germany and Spain. On Thursday, PM Modi and Russian President Vladimir Putin unveiled a bilateral vision document aimed at boosting economic and trade ties between the two countries. Despite having a “special and privileged strategic partnership”, trade and economic ties have languished. In this context, the Prime Minister mentioned the goods and services tax (GST) that the government is looking to roll out on 1 July. The government has also liberalized norms for companies to manufacture in India under the “Make in India” programme, Modi added.

Source: Mint June 02, 2017 19:18 UTC