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Doing business in India to get easy, registration in just a day

Source:Times of India NEW DELHI: In order to make India a better place to do business, the government is working to cut down the time for registering a business from 27 days to a single day. Towards this end, it has readied a raft of measures, such as, single registration for all labour laws, overhaul of tax systems, reduction in the number of permits required, easing up property registration, quick electricity connection and property registration – measures that are expected…

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Short-term trading will incur tax liability that can shave off gains

Source: Economic Times While investors in fixed deposits need to take into account the taxability of the income, even equity investors need to be careful about the tax implications. Long-term gains from stocks and equity funds are tax free. But if you sell before one year, there is a 15 per cent short-term capital gains tax to be paid on the income. If you are trading too often in the hope of making quick gains, the tax would shave off…

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President Pranab Mukherjee makes strong pitch for India as investment destination

Source: DNA India Promoting India as an attractive destination for FDI, President Pranab Mukherjee on Thursday asked Finnish investors to take optimum advantage of the ‘Make in India’ programme and promised a business-friendly environment which is “predictable, facilitatory and transparent”. Making a strong pitch for bringing in investments, Mukherjee said India is fourth most attractive destination for Foreign Direct Investment for 2014-16 owing to easing of restrictions, growth and investor friendly atmosphere promoted by the government. “India has emerged as…

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What should ‘Make in India’ do in India

Source: deccanherald.com What does Modi have in mind when he chants slogan ‘Make in India?’ Does he mean what people of Gujarat wanted from him, India wants the same? Create an investor-friendly geographic entity that would multiply wealth, create roads and flyovers, produce number of millionaires, and resolve many social problems like unemployment, poverty etc.? If that were to happen, then, wishes were horses. If you look at the human development index of 2013, you would find Gujarat performed poorer…

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Modi Rise & New Politics

Source: The Morung Express The rise of Indian politician Narendra Modi from Chief Minister of a State to Prime Minister of the country, and now the global recognition of his leadership, all point to a new kind of politics that is taking shape, one that has more to do with pragmatism and not just some political dogma. The huge reception that was reserved for Mr Modi by the Indian-American community at the famed Madison Square Garden and his other successful…

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India sets up Japan Plus investment team to speed up proposals

Source: Economic Times India has set up a Japan Plus management team to facilitate and speed up investment proposals in a bid to augment economic ties between the two countries. The team set up by the Department Of Industrial Policy and Promotion (DIPP) is made up of officials from both governments. During the recent visit of Prime Minister Narendra Modi to Japan, the latter had offered to invest $35 billion over the next five years by way of public-private partnerships…

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FDI Inflows to Hit All-Time High This Fiscal Year: Commerce Ministry

Source: ndtv.com India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal year (2014-15) on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said. “I am sure we would achieve an all-time high in FDI inflows in FY15 given the extra focus on the same we are giving,” Joint Secretary in the Department of Industrial Policy and Promotion Atul Chaturvedi said at an event organised…

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India’s Results Season: Modi Effect Yet To Kick In

Source: blogs. ft.com On Friday Indian companies will begin posting their results for the quarter ended in September – the first full three-month period under the country’s new, pro-business government. The latest macroeconomic indicators suggest the economy has picked up following this year’s general election, growing at 5.7 per cent in the three months to June. But if analyst forecasts are anything to go by, only some sectors have received a boost from renewed optimism in India. Analysts at Mumbai-based…

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Indo-US Relations: Classic Case of a One-Sided Affair

Source: DNA India I have been thinking a lot about national identity and self-image over the last few days. As a nation how do we tell ourselves who we are and how do we see ourselves? As the reader might rightly guess the provocation was the recently concluded first visit of the Indian Prime Minister to the United States of America. To a section of Indians brought on a staple of revenge dramas Modi stepping on the US soil has…

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China unhappy over India-US reference to South China Sea

Source: India Today China on Wednesday warned India and the United States against interfering in the South China Sea dispute. Both countries had during Prime Minister Narendra Modi’s recent visit to the US, expressed concern about rising maritime tensions in the region. The joint statement issued following talks between Modi and US President Barack Obama said both leaders “expressed concern about rising tensions over maritime territorial disputes. The two leaders also stressed the need to ensure “freedom of navigation and…

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