US Treasury Secretary calls on Modi

US Treasury Secretary Jacob Lew and US Federal Reserve Vice Chairman Stanley Fischer, who are visiting India for the India-US Economic and Financial Partnership dialogue, called on Prime Minister Narendra Modi here Thursday.

Modi reiterated that the economic and financial cooperation between India and the US was an important pillar of strategic partnership between the two countries.

He said the government was committed to provide predictable and stable tax regime and policies and welcomed the interest expressed by the US companies to invest in India.

He also recalled the landmark state visit of US President Barack Obama to India as the chief guest at the Republic Day Parade.

Lew, who will be co-chairing the dialogue with his Indian counterpart Arun Jaitley, expressed deep appreciation at the financial inclusion initiative 'Pradhan Mantri Jan Dhan Yojana' that has connected over 100 million people with the mainstream economy in India.

He also appreciated the positive approach adopted by the Indian government in addressing issues of the foreign investors.