India moves up to 8th position in global FDI Confidence Index
The Dollar Business Bureau The 2017 A.T Kearney Foreign Direct Investment Confidence Index places India among the top ten for the second consecutive year. India's ranking moved up a notch this year due to the opening up of many sectors to FDI under the aegis of PM Narendra Modi. Investors surveyed were upbeat about the reform initiatives taken up this year by the Indian government, including the revamp of indirect taxation policy via the GST bill. The proposed tax amendment will unify the Indian market and make inter-state transit of goods and services more efficient. The digitalised single-tax regime subsuming multiple taxes levied separately by the State and Centre is also expected to reduce administrative burden. Even as India scraps the need for FDI approvals in the sectors of telecom, defence and broadcasting, the ...
GoI gears up for nuclear projects with foreign collaboration
The Dollar Business Bureau India is likely to complete four indigenous nuclear power reactors by 2019. The four reactors to be completed by 2019 are currently under construction-- two at Kakrapar, Gujarat and the other two at Rawatbhata, Rajasthan, the Minister of State, Personnel, PG & Pensions, Jitendra Singh, said on Thursday. Besides, the financial approval has also been given to two other indigenous nuclear reactors at Gorakhpur, Haryana. The plants are likely be launched in 2015-16 and scheduled to be completed by 2021. Two more indigenous reactors of 700 MW generation capacity are also expected to be completed by 2024. Also, the government has given ‘in-principle’ approval for locating nuclear power projects in future, based on both indigenous technologies and with foreign ...
