{"id":120738,"date":"2021-07-23T19:03:08","date_gmt":"2021-07-23T13:33:08","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=120738"},"modified":"2021-07-24T11:00:11","modified_gmt":"2021-07-24T05:30:11","slug":"india-tough-place-for-business-us-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-tough-place-for-business-us-report\/","title":{"rendered":"India tough place for business: US report"},"content":{"rendered":"<p><strong>Source: <\/strong><strong><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-tough-place-for-biz-us-report\/articleshow\/84663396.cms\">TOI<\/a><\/strong><\/p>\n<p><strong>What is the News?<\/strong><\/p>\n<p>The US State Department has released a report titled \u20182021 Investment Climate Statements: India\u2019.<\/p>\n<p><strong>Key Findings of the Report: <\/strong>India remains a challenging place to do business despite taking up many reforms and improving its position in the ease of doing business index. This is because:<\/p>\n<ul>\n<li><strong>Protectionist Measures: <\/strong>New protectionist measures including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures restrict the expansion in bilateral trade.<\/li>\n<li><strong>FDI Rule for Aviation:<\/strong> Under FDI rules for aviation, 100% overseas flows have been permitted. But the substantial ownership and effective control (SOEC) rules that mandate majority control by Indian nationals have not been clarified yet.<\/li>\n<li><strong>FDI Rule for Insurance Sector: <\/strong>The report was also critical of discriminatory FDI policy for the insurance sector where the FDI ceiling has been increased to 74% but with the Indian management and control rider.<\/li>\n<li><strong>Data Localisation Norms: <\/strong>RBI\u2019s order on storing data on payment transactions within the country has led to significant compliance costs and increased risk of cybersecurity vulnerabilities.<\/li>\n<li><strong>Equalisation Levy<\/strong>: US had threatened retaliatory action over the equalisation levy on US tech companies.<\/li>\n<li><strong>Political Risk<\/strong>: The report also referred to the removal of the special constitutional status from the state of Jammu and Kashmir (J&amp;K) and the passage of the Citizenship Amendment Act (CAA).<\/li>\n<\/ul>\n<p><strong>Way Forward:<\/strong><\/p>\n<ul>\n<li><strong>The report has urged India<\/strong> to foster an attractive and reliable investment climate by reducing barriers to investment and minimising the bureaucratic hurdles.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: TOI What is the News? The US State Department has released a report titled \u20182021 Investment Climate Statements: India\u2019. Key Findings of the Report: India remains a challenging place to do business despite taking up many reforms and improving its position in the ease of doing business index. This is because: Protectionist Measures: New&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-tough-place-for-business-us-report\/\">Continue reading <span class=\"screen-reader-text\">India tough place for business: US report<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1305,9],"tags":[],"class_list":["post-120738","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-index-reports-bodies","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700777052,"cached_date":1704766497},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=120738"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120738\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=120738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=120738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=120738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}