On Wednesday March 30, the Goods and Services Tax (GST) cleared its last legislative hurdle with the Lok Sabha (lower house of India's parliament) signing off on all the four bills crucial for the implementation of this seminal tax reform. The central GST bill, the integrated GST bill, the union...
Nuclear energy liability legislation passes Lok Sabha
Last week, India's Lok Sabha, the lower house of parliament passed a civilian nuclear liability bill that would pave the way for foreign companies to join a nuclear-reactor building spree. This bill caps foreign suppliers' liability in case of an accident at $320 million. The bill now goes to the...