Source: The Hindu Business Line, Jan 26, 2019
New Delhi: The government is mulling a new investment law that will categorise nations into ‘most favoured’ and ‘not pro-India’ besides emphasising contract enforcement and fast-track dispute resolution.
A new Bill is likely to be introduced in the Budget session of Parliament that is scheduled to begin on January 31.
Officials told BusinessLine that the “draft of the Bill, which is being vetted by the Law Ministry, will be placed before the Cabinet for approval for introduction in Parliament.” The Bill might even get a mention in the Budget speech. Efforts will be made to get it passed during the Budget session itself. Read the rest of this entry »