Ever since the FDI policy was liberalised by the government in 2012, Ikea, Promod, Le Creuset, Decathlon, Fossil Inc, Pavers England, Brooks Brothers and Damiani have already got a nod from the FIPB among others.
With rupee being one of the strongest currencies over the last few months, India has seen a decline in its exports, which fell for the seventh straight month in June, contracting 15.82 per cent year-on-year.
Faced with queries from professionals regarding the implication of the new Black Money Act, tax experts say that lack of clarity and paucity of time are the main challenges for implementation of the law.
Amid controversies over MAT and new I-T return forms, the image-makeover exercise the tax department had embarked on seems to have fallen on its face with questions arising on the efficacy of the Narendra Modi's initiatives t
The department has asked the field staff to add at least 25 lakh new assessees every month — a stiff target by all counts considering that it is nearly equivalent to the number of new assessees added annually.