Nobel Prize winner also said that he "liked" the idea of Ayushmann bharat scheme that aims to help economically vulnerable Indians who are in need of healthcare facilities.

MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.19 per cent. Chinese shares moved up by 0.13 per cent while Japan's Nikkei was up by 0.28 per cent.

Regarding her bilateral meetings on the sidelines of the IMF's meetings, the minister stressed that the negotiations between India and the United States to reach a trade deal is underway in "full speed".

The IMF on Tuesday slashed India's economic growth projection for 2019 to 6.1 per cent but said that it might pick up to 7 per cent in 2020.

IMF (International Monetary Fund) has come with statement that India's growth rate during the current fiscal year will be only 6.1 per cent as against 7.3 per cent mentioned some months ago.

Prasad’s comments came at a time when India slipped by 10 positions in the world competitive index report and government data on Friday revealed that factory output had shrunk by 1.1 per cent in August — the worst performance in seven years.

The exchanged information allows the cantonal tax authorities to verify whether taxpayers have correctly declared their financial accounts abroad in their tax returns.

Some have even reported job losses due to falling sales stemming from a severe liquidity crunch in the non-banking financial sector that has dried up lines of credit to both auto dealers and potential car buyers.

The students allege that the institute deliberately tampered with the results in the second and third stages to suit its passing percentage.

"China has also given a preferential trade agreement whereby Pakistan can now export to China at the same terms as any other ASEAN countries. So this is a great opportunity," Khan added.