Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: form 3cd :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
 
 
News Headlines »
 Income-tax (17th Amendment) Rules, 2017
 GST: One nation, one market, one tax
 Ready or not, businesses brace for biggest-ever tax reform
 Ready or not, businesses brace for biggest-ever tax reform
 Make your inventory and invoicing software GST Ready from Binarysoft
 Filing income-tax returns gets simpler for salaried persons
 Ten rules you must follow while filing income tax returns
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules

Global CEOs want faster clearances, uniform tax
February, 01st 2010

Investors and CEOs assembled at the World Economic Forum here want faster clearances for projects in India and a uniform tax rate. 

Several of them interacted with Commerce and Industry Minister Anand Sharma, who assured them that within the defined Foreign Direct Investment policy, the government would not only ensure speedy clearances but also facilitate them.

However, "the issues which they had were improving mechanism in states for cutting down the time for approvals and rationalisation and uniformity of the taxes throughout the country," Sharma told.

Sharma, who had several meetings in small groups with CEOs, apprised them with India's ambitious tax reforms through the Goods and Services Tax (GST) that will replace most of the taxes at the Central and the state level.

Sharma said India's FDI policy regime assures investors of security of investment, intellectual property rights, data protection and exclusivity.

After establishing itself as a services hub for the world, India would work towards becoming a global sourcing centre for manufacturing.

The factory production contributes about 20 per cent to the country's GDP against over 55 per cent from the services.

With an intention to increase the share of manufacturing in economic production, the government will soon come out with a national policy.

"We have started work on the manufacturing policy. We want to make India the production hub of the world," he said.

In a difficult global investment scenario, India received FDI of USD 19.37 billion during April-November 2009-10.

At the macro level, investors remain bullish, he said. He said India and China are being clubbed as the two important emerging economies witnessing the shift of the economic balance of power.

"The shift is clearly acknowledged. And the new world economic order is headed in the right direction, reflecting the ground realities," he added.

Asked whether India would be willing to increase the FDI cap in single brand retail from 51 per cent, Sharma said, "it is adequate". As for the multi-brand, the foreign firms can enter world's second fastest growing economy only for back-end support.

India prohibits FDI in multi-brand retail but allows it for the cash-and-carry models like the WalMart's joint venture with the Bharti Group.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions