It is time for more proactive thinking on tax policy, which can no longer be guided only by the limited objective of revenue maximisation or hawkish enforcement to meet steep internal targets.
100% FDI will now be allowed in manufacturing of satellite components without need for govt approval. Up to 49% will be allowed automatically in launch vehicles and spaceports.
India has opposed international negotiations on e-commerce on grounds of how it impacts our domestic digital economy. But we might need to revisit this stance.
New FDI rules mean that an American company can invest in India without placing its proposal before the government but a Chinese company can’t do the same.
China has labelled as discriminatory India’s new FDI policy that mandates firms from ‘border-sharing nations’ to seek govt approval before making investments.
Press note by Department for Promotion of Industry and Internal Trade says move is aimed at curbing opportunistic takeovers/acquisitions of Indian companies due to Covid-19 pandemic.
Cabinet Committee on Investment and Growth, headed by Modi, also discussed plans of revisiting RERA norms & scaling up investment in sectors such as agriculture & infrastructure.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
Socialist India is an expert in overtaxing Indians, FDIs, breaking our backs and also that of camels’. Socialist roads break our vehicles, too. Death to socialism. Long live Libertarian party of India.
Socialist India is an expert in overtaxing Indians, FDIs, breaking our backs and also that of camels’. Socialist roads break our vehicles, too. Death to socialism. Long live Libertarian party of India.