Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But that may not necessarily mean flow of more investments into India, unless investors are assured, besides important economic factors and impartiality of institutions, that social disharmony will not cause unexpected disruptions.
The government was hoping to roll out the GST regime from April 2016.
Measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
The government may drop its plan to decriminalise cheque bounce offences after there were requests to continue the existing system, which can potentially make people honour their financial commitments due to fear of prosecution. It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call. Last year the Department of Financial Services (DFS) had proposed decriminalising minor offences, which included cheque bouncing, for improving business sentiment and unclogging court processes.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
They are looking for white-collar jobs, and in industries that are in the forefront of growth.
Lauding the pro-reforms approach adopted by Reserve Bank of India Governor Raghuram Rajan, industry body Confederation of Indian Industry on Thursday expressed the hope that the central bank would shift towards an expansionary monetary policy by cutting interest rates to stimulate growth.
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
Sitharaman also highlighted the steps taken by the government to achieve ease of doing business by digitisation of approvals and making more stable policies to make India a favourable destination for investors.
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
'Birla only made representations to then PM for coal blocks allocation.'
The Bill states a worker will be paid twice his or her wage if he or she is allowed to work overtime. A majority of workers in India worked more than 48 hours in a week, which is higher than the International Labour Organisation's prescribed time-limit.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
On the telecom sector, he demanded auctioning of more spectrum.
The Indian community in Australia and the Pacific will get an opportunity to contribute between India and countries in the region at the 7th Regional Pravasi Bharatiya Divas Convention in Sydney, a top Indian diplomat has said.
The JCB Prize for Literature is worth Rs 25 lakh.
Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday.
"A Meryl Streep or Jimmy Kimmel can speak their mind, and stay assured that they won't be harmed. That does not happen in India," say Manavi Kapur & Ranjita Ganesan.
India could offer a train track to China to run a bullet train besides easy terms to set up industrial parks.
'The procurement cycle still consumes too much time; little has changed.'
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
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