India - Partner In Growth
Welcome to the November 7, 2017  bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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Govt: GST Filing System to Be Simplified, Fine Waived

The filing process for the Government's landmark Goods & Services Tax (GST) will be simplified and the late fine for the first three months will be waived, said Sushil Kumar Modi, head of the Goods & Services Tax Network. The GST is India's largest tax overhaul since independence.

VP Naidu: India to be 3rd-Biggest Aviation Market

India will become the world's third-biggest aviation market by 2026, Vice President M. Venkaiah Naidu said while inaugurating the 2nd Aero Expo India 2017. India became the world's fastest-growing domestic travel market for the 22nd time in a row recording a 26.6 percent year-on-year growth in January 2017, according to IATA.

FM Jaitley: India Unequivocally Supports Renewable Energy

India has demonstrated its commitment to new and renewable energy by signing a Joint Financial Partnership Declaration with the International Social Alliance and the European Bank for Reconstruction and Development. Jaitley said that India's energy requirements are huge and the country wants to make optimal use of new and renewable energy.

Reserve Bank: Large Corporate Borrowers Must Get ID Code