Diabytes
Ease of doing business in India News
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The review of the law comes amid the government's repeated emphasis on promoting the 'ease of doing business' in India.
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Jaitley also said the political opposition is unlikely to obstruct the reform process, including on the direct and indirect tax reforms, and he was hopeful about the GST getting through as well which is one of the few reforms that has been held up.
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Finance Minister Arun Jaitley, while moving the 'Insolvency and Bankruptcy Code, 2015 Bill' for consideration and passage, said the country is going through a "critical" phase and "economic legislation has to go on".
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Key facts you should know about the Bankruptcy Bill....
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Seeking to improve ease of doing business, government on Monday introduced in Parliament the 'Insolvency and Bankruptcy Code, 2015' that provides for resolution of insolvency in a timebound manner.
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Problems related to ease of doing business such as taxation, regulatory burdens and legal issues can deter American investors from investing in India, US Ambassador Richard Verma said Thursday even as he hoped that the USD 500 billion bilateral trade target would be achieved.
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Government is planning to put 98 per cent of sectors, which are open to foreign investments, under the automatic route so that businessmen won't need to visit the Finance Ministry or 'Udyog Bhavan' for any approval, a top official said today.
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