India needs to be cautious before joining Global Minimum Tax rate

Synopsis: A Global minimum tax rate is beneficial for the US. But India need to rethink before joining such international tax proposals Introduction: The US Treasury’s call for a global minimum tax rate is gaining a global endorsement. But the goal of a global minimum tax is not only to end the race to the corporate… Continue reading India needs to be cautious before joining Global Minimum Tax rate

DGFT launches “Trade Facilitation Mobile App” to promote exports

What is the News? Union Minister of Commerce and Industry has launched the Directorate General of Foreign Trade’s(DGFT) Trade Facilitation Mobile Application. About Trade Facilitation Mobile Application:  Tata Consultancy Services(TCS) developed the Trade Facilitation Mobile Application. It is as per the directions of the Directorate General of Foreign Trade (DGFT). Aim: The aim is to promote… Continue reading DGFT launches “Trade Facilitation Mobile App” to promote exports

Government Releases Data on “FDI Inflows in India 2020-21”

What is the News? The Government releases data regarding the Foreign Direct Investment – FDI inflows in India from April to January 2021. FDI inflows in India from April 2020 to January 2021: India attracted a total FDI inflow of US$ 72.12 billion from April to January 2021. Significance: It is the highest ever for… Continue reading Government Releases Data on “FDI Inflows in India 2020-21”

India’s potential as a Global investment hub

Synopsis: India has the potential to become a Global Investment Hub. Its unique advantages attract global companies to invest in the country. Background In 2020, despite the sharp economic contraction, India witnessed the fastest growth in Foreign Direct Investment (FDI) inflows among all the major economies. (>60 billion) Big firms like Google, Facebook, Walmart, Samsung,… Continue reading India’s potential as a Global investment hub

What is FDI or Foreign Direct Investment?

What is the News? The Rajya Sabha has passed the Insurance (Amendment) Bill, 2021. The Bill seeks to raise the FDI in the insurance sector to 74% from the current 49%. Click Here to Read about Insurance in Amendment Bill,2021 About Foreign Direct Investment(FDI): Foreign Direct Investment(FDI) is the medium for acquiring ownership of assets… Continue reading What is FDI or Foreign Direct Investment?

Measures  to Strengthen India US economic partnership

  Synopsis: Strengthening India-U. S economic partnership will help India to become a $5 trillion economy. Background India and the US have committed to the goal of increasing the bilateral trade in goods and services to $500 billion. Currently, the bilateral trade stands at $146 billion (2019). To achieve this, the Compound annual growth rate… Continue reading Measures  to Strengthen India US economic partnership

Need of Specific Law for National Security Screening of Inward FDI

Synopsis – There is no clear law for national security screening of inward FDI in India. It is a major Introduction- As per some media reports, India may ease restrictions on FDI by Chinese companies. They will be allowed to invest up to 25 percent in a company through an automatic route. Last year India… Continue reading Need of Specific Law for National Security Screening of Inward FDI

Cabinet clears “74% FDI in Insurance Sector”

What is the news? The Union Cabinet has approved a proposal to amend the Insurance Act, 1938. It will increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%. Conditions: The increase in the foreign direct investment(FDI) limit in the insurance sector comes with safeguards such as: The majority of… Continue reading Cabinet clears “74% FDI in Insurance Sector”

“Index of Economic Freedom” 2021 released

What is the News? The Heritage Foundation releases The Index of Economic Freedom 2021. Key Findings of  Index of Economic Freedom 2021 India ranked 121st in the index with a score of 56.5 points under the category of ‘mostly unfree’. In Asia-Pacific, India ranked 26th among the 40 countries. Other Key Findings Singapore tops the… Continue reading “Index of Economic Freedom” 2021 released

Issue of Digital Services Tax between India and US – Explained

Table of contents What is Digital Services Tax (DST)? Why India introduced the Digital Service Tax? What are the accusations mentioned by the US? What India said in reply? What are the concerns associated with DST? Suggestions Recently the U.S. determined India’s Digital Services Tax (DST) as discriminatory. It concluded that the DST is causing… Continue reading Issue of Digital Services Tax between India and US – Explained