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The Modi Government gets a gift from the US before the oath taking ceremony

Wednesday - May 29, 2019 4:29 pm , Category : WTN SPECIAL
The US excludes the Indian currency from surveillance list
The US excludes the Indian currency from surveillance list

America gives 'relief' to India, 'shock' to China!

MAY 29 (WTN) - After the BJP's sweeping victory under the leadership of Narendra Modi in the Lok Sabha Elections, the entire world's view for India and Narendra Modi has changed. Let’s talk about America, the relationship between India and America has been above normal during the first term of Prime Minister Modi, but after coming back to power to the Modi Government, the attitude of America towards India has changed.

For your information, let you know that after winning in the Lok Sabha Election, Modi Government has got relief from the USA. In fact, the US has excluded the currency of India from the surveillance committee. After this decision, the US will be able to give Indian rupee more importance than before. However, the currency of China is still in the US surveillance committee. It is a big blow to China in terms of trade while there is a trade war between China and America.

For your information, let you know that the US Ministry of Finance has mentioned some important decisions taken by the Modi Government in the last one year. The US Ministry of Finance has said that the positive steps taken by the Modi Government for the economy in the last one year have overcome their fears of monetary policy. This is the reason that the US has made Indian rupees out of the surveillance committee.

Actually, the circumstances related to India's economy has improved remarkably well. According to the US Ministry of Finance, in the first six months of the year 2018, net purchases of foreign currency in the four quarters of the net sales by the Reserve Bank of India till June 2018 were reduced to $ 4 billion, which was only 0.2 per cent of GDP.

For your information, let you know that in May 2018, the United States put India in this list. Besides India, China, Germany, Japan, South Korea and Switzerland were also included in this list by the United States. Now, while the US has also switched Switzerland out of the list with India; China, Japan, South Korea, Germany and Italy with new countries such as Ireland, Singapore, Malaysia and Vietnam are also included in this list.

You might be wondering about what is this America's surveillance committee. For your information, let you know that the US surveillance committee keeps on looking at the currencies of the whole countries. If the surveillance committee thinks that the currency of any country is not accurate for the criterion of the US currency then that currency is put in the list of surveillance committees. This committee urges the country to take necessary steps to improve currency. Indeed, the country of which the currency is subject to surveillance committees, America gives less importance to it.

As you know, there have been quite friendly relations between Prime Minister Narendra Modi and the US President Donald Trump. After a strong victory in the Lok Sabha Elections, the US President Trump congratulated Prime Minister Modi and expressed his firmness to work with him. Trump, congratulating Modi, said that the American is fully prepared to work with India. It can be said that the relationship between India and America will be more fruit full in the second term of the Modi Government. New relations between these two countries have been introduced by the American, under which the US Ministry of Finance has expelled the Indian currency from its surveillance committees.