Top US CEOs commit to invest in India
The Dollar Business Bureau The Indian Prime Minister who visited the US and met the American President Donald Trump on June 26, also had a closed-door meeting with 20 top US CEOs the very same day. Many CEOs, according to Mukesh Aghi, President of US India Business Council (USIBC) who spoke to the Indian media, reiterated their ‘commitment to investing in India a very large amount.’ ‘Almost half a dozen of them made a very large dollar commitment,’ Aghi said, refusing to divulge the details of the amount and the names. The meeting which lasted for 90 minutes, ended on a positive, win-win note he said. The PM had responded favourably to all the questions that the CEOs raised, which revolved around defence, ...
Goods and Service Tax Rate issues faced by various industries
By Ranjeet Mahtani and Sweta Rajan During its meetings on May 18 and 19, 2017, the GST Council declared the placement of goods and services across the fixed GST rate slabs. The GST Council further released the list of goods liable for GST Compensation Cess along with the applicable rate of cess and released a list of services which would be liable to GST under the reverse charge mechanism. While the GST law empowers the Government to specify goods and services on which GST is payable by the recipient, the Council has approved only services that are likely to attract GST on reverse charge basis. Rate specific issues The release of the GST rates has, as expected, triggered varying responses across industries. Some ...
India plans to attract over 10 million tourists in 2015
The Dollar Business Bureau Foreign Tourist Arrivals to India in January - November 2014 are up about 7% The Indian government is planning to attract 11 million or about 1% of the total 1.1 billion international tourists to India by next year with the help of a slew of reforms in the sector, Dr. Mahesh Sharma, Minister of Tourism, said today. That’s a massive jump of around 57% from an estimated seven million Foreign Tourist Arrivals (FTAs) in India this year. According to the Ministry of Tourism, FTAs during January- November 2014 stood at around 6.58 million, up about 7.1% from around 6.15 million in the corresponding period last year, the best rate of growth in Asia. The foreign exchange ...
