Musharraf said he was confident that bilateral talks would gain momentum after the February 18 general elections in Pakistan.
"The recent talk about a new cold war is hyperbolic nonsense. Our relations today are fundamentally different (with Russia) than they were when all we shared was the desire to avoid mutual annihilation," she said, speaking at the World Economic Forum in Davos on Wednesday.
Commerce and Industry Minister Kamal Nath has said a hefty cut in the US interest rates will have a positive impact for the Indian exports, but industry leader Rahul Bajaj felt the move will further hit exporters. "The US Fed's decision would rather boost Indian exports to America as it would raise demand in the biggest economy of the world," Nath said at the World Economic Forum annual meet in Davos.
FM will participate in WEF meet at Davos. Global equity woes likely to dominate talks at the meet.
With industry and tax payer-friendly initiatives taken by Finance Minister P Chidambaram this year, the government succeeded in achieving unprecedented growth in tax collections. Consequently, the tax reforms have gained momentum and a roadmap is ready for implementing goods and service tax from April 1, 2010.
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