Centre mulls new approach to attract more foreign investment in manufacturing The Centre is mulling a new approach that institutionalises the combined strengths of its ‘Make In India’ (MII) and ‘Invest India’ initiatives with an aim to streamline them for attracting more investments, including from overseas, in the manufacturing sector. The MII was unveiled in
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Vital to strengthen commitment to reforms as India aspires to ascend the ladder in ease of doing business: Georgieva India’s latest surge in the World Bank’s Ease of Doing Business report is very impressive and rare, but the country must further strengthen its commitment to reforms as it gets harder to climb a mountain as
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The Centre on Monday announced that the Fifteenth Finance Commission would be headed by former Secretary to the government of India N.K. Singh. The panel, which is to make its recommendations for the five years beginning April 1, 2020, will include Shaktikanta Das, former Economic Affairs Secretary and Anoop Singh, adjunct professor at Georgetown University.
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I-T department to allow APAs, MAPs with trade partners In a move that could further improve India’s ease of doing business rankings, the Income Tax Department on Monday issued a clarification saying that it would allow mutual agreement procedures (MAPs) and advance pricing agreements (APAs) with all countries, abandoning a stance that disallowed such agreements
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Associations of several industries in NCR say note ban, new tax regime resulted in job loss, slash in growth When demonetisation was announced on November 8 last year, the concrete façade elements unit of Manmohan Gaind, the vice-president of the Manesar Industries’ Welfare Association (MIWA), at Industrial Model Township (IMT) in Manesar here had an
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Prime Minister Narendra Modi made the demonetisation announcement on November 8, 2016. The buzz to go digital has fared differently across NCR Sitting on the footpath outside Old Delhi railway station, 36-year-old Suraj remembers the night of November 8, 2016, when Prime Minister Narendra Modi addressed the nation and demonetised the old ₹500 and ₹1,000
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2.24 lakh firms struck off for being inactive for two years; SFIO gets more powers to tackle crime angle More than ₹17,000 crore was deposited and withdrawn post-demonetisation, by 35,000 companies, the government said on Sunday. It further said about 2.24 lakh companies had been struck-off till date from the Registrar of Companies for remaining
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Goyal, Sitharaman are also members Moving ahead with reforms in the public sector banking space, the government has constituted a Ministerial panel headed by Finance Minister Arun Jaitley that will oversee merger proposals of state-owned banks. The other members of the panel include Railways and Coal Minister Piyush Goyal and Defence Minister Nirmala Sitharaman. “Govt.
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More than 1,000 start-ups were added in India during 2017 as the country maintained its slot as the third largest start-up hub in the world amid competition from the U.S. and Israel, according to a report by industry lobby National Association of Software and Service Companies (Nasscom) on Wednesday. “With 40% of start-ups in the
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Infosys cites rapid modification, integration issues, large scale as traders association seeks CBI probe Infosys Technologies on Thursday took on criticism about the glitches that have affected the performance of the fledgling Goods and Services Tax portal, and attributed implementation problems to the large scale of the project as well as ‘rapid changes in policy
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