DPIIT Streamlines FDI Approvals: New 12-Week Paperless SOP for Investors

DPIIT Streamlines FDI Approvals: New 12-Week Paperless SOP for Investors

The Department for Promotion of Industry and Internal Trade (DPIIT) in India has launched a new, paperless Standard Operating Procedure (SOP) to ensure the processing of Foreign Direct Investment (FDI) proposals within a strict 12-week timeframe. This initiative, unveiled this week in New Delhi, aims to eliminate bureaucratic delays and harmonize the inter-ministerial approval process…

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GST Inversion Eases but Disparities Persist Across Indian Industry Sectors

GST Inversion Eases but Disparities Persist Across Indian Industry Sectors

The Current State of Tax Inversion In a significant shift for the Indian manufacturing sector, the Goods and Services Tax (GST) council has successfully reduced tax inversion cases over the past year, though the industry remains burdened by persistent gaps between input and output tax rates. Following a series of targeted interventions by the Finance…

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