The Korean electronics major had stopped making televisions in the country because of high costs, primarily due to the 5% import duty on open cell TV panel.
Its terms of reference include suggesting measures to declog and improve functioning of the National Company Law Tribunal (NCLT), recommend measures to remove bottlenecks in the overall functioning of statutory bodies such as SFIO, IEPFA, NFRA, etc, the ministry said.
Delayed payments impair the generating companies’ ability to service debt and exhaust their working capital. This leads to lower credit ratings and higher interest rates.
The 30% local sourcing norms had been a pain point for many companies, restricting their India expansion plans. In 2012, the government had allowed 100% FDI in single-brand retail under the government approval route.
Of the Rs 5.50 lakh crore collections, advance tax rose a tepid 7.3 percent to Rs 2.20 lakh crore from Rs 2.05 crore, according to sources at the taxation department.
The United States already enforces widespread sanctions that have crippled Iran's economy, including attempting to shut down its major oil export industry.
India’s oil import bill is expected to shoot up following a terror attack on the Saudi Aramco refinery and the resultant jump in global crude prices.
Over the long-term, a sustainable pick-up in industrial activity and power demand will be crucial for the sustenance of healthy coal imports as domestic production also ramps up to meet the incremental demand, it said.
According to the current FDI policy, 100 per cent foreign investments under the automatic route was allowed for coal and lignite mining for captive consumption by power projects, iron and steel and cement units only.
The Indian healthcare sector is expected to grow at a CAGR of 22 per cent during 2016-2022, which will be a threefold rise.