India - Partner In Growth
Welcome to the July 12, 2017  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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Government to Clear FDI Proposals in Eight to Ten Weeks
The Indian government will clear all foreign direct investment (FDI) proposals that require approval within a maximum of 10 weeks. The Department of Industrial Policy and Promotion has issued the Standard Operating Procedure in this regard. The move is aimed at improving the country's investment climate. 

One Nation, One Tax: GST
India's new ordinances, Central Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Ordinance, 2017 which came into effect from 8th July, 2017, have made GST truly a " one nation, one tax" regime.   


Finance Minister Launches 'Aaykar Setu,' Income Taxpayer e-Service 
Finance Minister  Arun Jaitley launched Aaykar Setu, a new income taxpayer e-service program, to enable the Income Tax Department (ITD) to directly communicate with taxpayers. The program includes tools such as live chat, dynamic updates and links to different processes within the ITD.