Talks on BIT are on but inclusion of taxation is a contentious issue. Officials are hopeful of sealing the deal this year
India and the US have completed three rounds of negotiations for the proposed bilateral investment treaty (BIT) that would help in enhancing economic ties between the countries.
Commerce minister Anand Sharma said that India was ready to have talks with the US for the investment treaty.
Months after it unveiled a model bilateral investment treaty (BIT), a top Obama Administration official has said the US is working on BIT with a number of countries, including India, China and Mauritius.
Andrey Terebenin, member of the board, Sistema, explains the delay in invoking arbitration rules and said that the dispute was being discussed at the PMO level. He hopes the Supreme Court’s ruling will be implemented and the licence be extened till the 2-G auction.
Russia's Sistema asked India to settle within six months a dispute over a court order to revoke 21 telecoms licences held by its joint venture in the country, and said it reserves the right to approach an international tribunal.
India and the US go a long way behind. But what is the way ahead? How are the policies structured for cooperative growth of both democracies? CNBC-TV18 and the Wadhwani Foundation put together an elite panel to discuss the India-US economic policy initiatives.
Corporate America on Thursday urged policymakers to enter into a bilateral investment treaty with India, which they argued is the next key step after the civil nuclear deal to strengthen and deepen trade and business ties between the two largest democracies of the world.