New Indian Law To Protect Foreign Investors To Exclude Tax Demands

Business World | Jan 21, 2020 at 10:55 AM
  • New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them.
  • The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes.
  • It proposes setting up two new bodies to provide swift legal recourse: an Investment Ombudsman who will rule on disputes within 90 days, and an appellate Investment Tribunal which would rule within 180 days.