Heart Versus Head? Let The Heart Win!
If one goes by statistics, withdrawal of MFN status by India will not have a significant impact on Pakistan. Manish K. Pandey | The Dollar Business India’s relationship with Pakistan has always been complicated. After all, there has been a long history of never-ending issues between the two nations. The situation has become even more complex of late, particularly after India held Pakistan responsible for the attack on an army camp at Uri in Kashmir, an attack in which 17 Indian soldiers lost their lives. Since then India has been weighing options to respond – from a direct attack on terrorist camps in Pakistan to increased security on the border with its neighbour, from boycotting SAARC summit being hosted by Islamabad to even rereading ...
NITI Aayog seeks tax holiday to attract large firms
The Dollar Business Bureau To attract large companies including some foreign firms to India, NITI Aayog recommended a 10-year tax holiday for the firms willing to invest over $1 billion in electronics manufacturing industry. NITI Aayog, in its draft report titled ‘Make in India - Strategy for Electronic Products,’ stated that they welcome a ten-year tax holiday on investments valuing $1billion which will also create 20,000 jobs in electronics manufacturing sector. The policy think-tank has also called for an export-oriented strategy for the industry stating that the local market is worth $65 billion, which is just a fraction of the $2 trillion global market. Huge success can comes only when our operations in world markets are active. Hence, policies need to be reoriented to make ...
Developing nations to be net gainers in trade facilitation agreement: WTO
The Dollar Business Bureau The implementation of the Trade Facilitation Agreement (TFA) — a proposed deal which seeks to ease cross-border transactions — is likely to benefit developing nations significantly, World Trade Organisation (WTO) has said. In its world trade report released on October 26, the global body said the enforcement of TFA can increase global merchandise exports by up to $1 trillion per annum, with the developing nations capturing more than half of the available gain. “The TFA could help developing countries diversify their exports, increase their involvement in global value chains, expand the participation of small and medium enterprises in international trade, help to attract more foreign direct investment, increase government revenues and reduce corruption,” WTO said in a ...
