Ease of doing business: US praises PM Modi for making India a better investment destination!
Advertisement
Advertisement
It is definitely good news for the According to a report by PTI, the report has credited Modi government for making considerable changes in policies such as
“These changes have helped to improve India's overall investment regime," USITC told the US Congress in its investigative report.
The report noted that since the Modi government came to power, India has raised FDI equity caps in key sectors such as insurance and defense. The government also cleared foreign companies of getting the pre-investment authorisations in several industries and has approved foreign investments in certain segments of the railway industry.
The report also pointed out that the government has also made several changes in its tariffs and customs procedures. It added that all these changes have positively impacted the India-US trade as it has facilitated greater access to the Indian market.
Advertisement
The USITC prepared the report at the request of the House of Representatives Committee on Ways and Means and the Senate Committee on Finance.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh