FICCI recommends tax proposals The Indian business community has called for expeditious domestic tax reforms and measures for improving the ease of doing business scenario in the country and enhance competitiveness of Indian industry.
Business community seeks for tax relief Finance Minister Arun Jaitley has urged business leaders to make investments in infrastructure sector and help build a stronger India.
KfW lends to Indo-German cooperation India and Germany have signed an agreement to formalize an amount up to Euro200 million of loan for ‘Climate Friendly Urban Mobility III’ and Euro11 million for accompanying measures as a grant for four projects.
Finance Ministry clears Rs1.5 lakh crore investment Life Insurance Corporation of India has been cleared to invest Rs.1.5 lakh crore in the railways through bonds issued by the Indian Railway Finance Corporation (IRFC).
It notes infrastructure bottleneck The Asian Development Bank (ADB) will raise its funding to US$20 billion during 2018-22 to help accelerate inclusive economic transformation of India.
Regulatory clearance sought for investments in litigation Batting for one-time solution for the vexed issue of ‘assured return’ on Private Equity investment, the ASSOCHAM is seeking a meeting between Finance Ministry officials and the global private equity funds so that investments worth several thousand crores
Experts note PPP model on building highways Indian authorities need to modify its Public Private Partnership (PPP) model, ensuring transparency in contractual terms and long-term dividends from contracts for investors to venture into other projects.
Business-oriented reforms recognized The government has welcomed India’s latest rating by S&P Global which asserted business-oriented reforms but affirmed it at BBB-/A-3.
ONGC to take 51.11% govt stake in HPCL (Certainly the government is making it easier for both the Oil & Gas and M&A industries. India needs to have its major industries consolidated and match the global MNCs. Editor.) Merger and acquisition deals involving Indian public
Membership will open new vistas for Indian professionals The Union Cabinet has approved India’s Membership for European Bank for Reconstruction & Development (EBRD) which will boost investment opportunities.