Search Result for : Fdi Norms

The Dollar Business Bureau Underscoring the Goods and Services Tax as the game-changer for the Indian retail industry, retailers have urged the government for an early implementation of the new tax framework. Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to $1.3 trillion by 2020, RAI CEO Kumar Rajagopalan said.   "We are waiting for the details of early GST rollout, which, we hear is now in July. This can be a big game changer for retailers across the country," Rajagopalan told PTI.   Striking the same chord, METRO Cash & Carry India CEO & MD Arvind Mediratta said GST would also translate to ...

The Dollar Business Bureau Nirmala Sitharaman, the Minister for Commerce and Industry said today while addressing the Karnataka BJP Women's Executive Meeting, that her Ministry has recommended to the Ministry of Finance to raise tax holiday for start-ups from 3 years to 7. "They (Finance Ministry) have received the recommendations of Commerce and Industry Ministry to raise tax holiday to seven years from the current three years with sense of constructive and positive approach” she said.  This recommendation was made to the Ministry of Finance after several start-ups requested the Minister as that would provide certainty to the start-ups on taxation matters. Further replying to a query with regard to Apple launching a manufacturing unit in India, for which the company heads have ...

With a view to promote 'Make in India' and following the practices in advanced countries, foreign investors will be accorded 'residency status' subject to certain conditions Source: PTI Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5% to 15% on par with domestic institutions   In order to attract more foreign investment, Finance Minister Arun Jaitley on Monday proposed significant liberalisation of FDI norms in a host of sectors including insurance, pension, ARCs and stock exchanges. In the insurance and pension sectors, foreign investment will be allowed through automatic route for up to 49% subject to the guidelines on Indian management and control, to be verified by the regulators. Earlier, foreign investment up to 26% was allowed through automatic route. ...

The Dollar Business Bureau As the government announced a slew of measures to ease the process of foreign direct investments (FDI) in key sectors, industry leaders said the move will boost India’s business environment and bring in more funds from overseas. The government on Tuesday announced the reforms relaxing foreign investment norms in 15 major sectors including defence, civil aviation, construction and media. The development came ahead of Prime Minister Narendra Modi’s visit to the UK which is aimed at enhancing bilateral economic ties and attracting more investments in India through Make in India campaign. India Inc underlined that the decision to ease FDI norms will not only benefit business segments but also send a positive signal to investors across the ...