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August, 28, 2016

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Business > Asia > India
Prime Minister Narendra Modi said India was becoming the world's most attractive destination for foreign investors Monday, using his annual Independence Day speech to trumpet sweeping tax reforms designed to spur growth.
 
India's outgoing central bank chief insisted he had laid the foundations for sustainable growth in the world's best-performing major economy after keeping interest rates on hold in his final policy review Tuesday.
 
Cutting into profits
Migrant barbers from other parts of India attend to their Kashmiri customers inside a rented house where they stay during curfew in Srinagar, Indian controlled Kashmir, Sunday, Aug. 7. The barbers have not been able to open their shops due to protests and curfew continuing across the valley amid outrage over the killing of a top rebel leader by Indian troops in early July.
 
Businesses hopeful as India overhauls complex tax law
When trader Vivek Mehra buys artwork from the remote corners of India, he braces himself for a world of pain as he navigates the country's notoriously complex tax system.
 
India's upper house of parliament on Wednesday passed a landmark tax reform bill that will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time.
 
India firms perform best, China worst on transparency: survey
India has the most transparent companies while Chinese firms are the most opaque, according to a global anti-graft watchdog's survey released Monday that assesses efforts by emerging market companies to fight corruption.
 
India seeks new bilateral investment treaties in bid to protect government from foreign lawsuits
India has triggered the escape clause on dozens of bilateral investment treaties, aiming to renegotiate toward securing better protection from foreign litigation.
 
An Indian Muslim woman buys corn from a roadside vendor in New Delhi on July 9.
 
India reserve bank governor to resign
The popular Reserve Bank of India governor Raghuram Rajan will step down when his term ends in September to return to academia, he said in a letter published Saturday, ending intense speculation over his future.
 
Netting a final catch
Indian fishermen collect gargour traps after repairing them during sunset on the last day of the fishing season at the Jumeirah fishing harbor in Dubai, United Arab Emirates on Friday, June 17. Most of the fishermen in the country will travel to their home countries before they come back in about 3 months to start the new fishing season.
 
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