"With respect to any new requirements on visas, I'd have to check and see if that's been updated," he said, adding that under the current government, the US has been looking at ways to strengthen the processes like visa interview and admission processes in new ways.
The minister also said the scrapping of old Rs 500 and Rs 1,000 notes will increase tax compliance and reduce threat of counterfeit currency.
During the meeting here -- the first cabinet-level interaction between the two countries under the Trump administration -- Ross is believed to have said that US has started the process of reviewing H1B visas issues and no decision has been taken on it yet, sources said.
Revenue Secretary Hasmukh Adhia made a detailed presentation to the Council -- the supreme executive organ headed by Prime Minister Narendra Modi -- on how the Goods and Services Tax (GST) will be implemented and the challenges before it is rolled out.
Finance Minister Arun Jaitley today received a pat from President Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a the Vote on Account, which happened for the first time in many years.
Of this amount, Rs 110 crore was seized by the IT Department, Rs 4.54 crore seized by ED, Rs 26.21 crore by the CBI and Rs 38 lakh by the DRI, Finance Minister Arun Jaitley said during Question Hour.
Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.
Delivering a lecture on the topic 'Indian Economy: Key Issues and Challenges' at the Aligarh Muslim University, Subramanian said that government machinery tends to become insular if there is no free flow of fresh ideas beyond the ambit of existing hierarchies.
India and the UK today decided to contribute 120 million pound each to a fund to finance clean energy projects here, Finance Minister Arun Jaitley said today.
India and the UK may look at a free trade agreement (FTA) after Britain formally leaves European Union, the 27-nation trading bloc.
Jethmalani also hit out at Jaitley alleging that the row over the Delhi government's move to clear his bills for fighting the case has been "instigated" by the Union Finance Minister.
While the government is aggressive about rolling out the new tax structure by 1st July, the consumer firms are asking for a wider window to prepare themselves for GST.
The bilateral meeting, which took place yesterday, focused on the steps required in expanding the bank's operations in India, including project pipeline.
Stating that the NDB -- set up by the BRICS bloc two years ago -- must be alive to the role envisioned for it by its founders, he said India has a huge unmet need for infrastructure investment, estimated at about Rs 43 lakh crore (about USD 646 billion) over the next five years.
"The President was kind enough to give his assent to the Finance Bill before he left for official visit to Assam yesterday," Revenue Secretary Hasmukh Adhia told PTI here.
Finance Minister Arun Jaitley also said India would require USD 646 billion in next five years for modernising its infrastructure - from highways to urban infrastructure.
Speaking at the second annual meeting of the New Development Bank (NDB) here, Jaitley said global growth is moving upwards and is expected to improve further in 2017-18.
Economic reforms will continue to gain momentum in coming years as the country looks to push growth and attract investment in the infrastructure sector, Finance Minister Arun Jaitley said today.
These were later rejected by the Lower House. The Opposition accused the Government of running roughshod by opening doors for "political extortionism" and passing "draconian" provisions in the Finance Bill.
In comparison, about 2,900 FPIs had received approval from the Securities and Exchange Board of India (Sebi) in the entire last financial year (2015-16).
The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1.
The Opposition today slammed the government over various provisions of the Finance Bill, saying those amounted to "tax terrorism" and a "serious effort to finish off" the spirit of democratic discourse and Parliamentary democracy."
Finance Ministry officials, heads of banks and RBI representatives are slated to meet this weekis slotted this week in New Delhi to deliberate on several proposals to handle larger debt laden accounts.
The Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST Bills were moved for consideration in the lower house.