Items related to ECONOMIC LAWS REGULATIONS PROCEDURES IN
Synopsis
Economic reforms in India were set in motion, though on a modest scale, when controls on industries were reduced by the 1985 industrial policy. The economic liberalization program got a big boost when the government announced a new industrial policy in the Indian Parliament in 1991. Reform measures of the last two decades have included the delicensing of most industries, the deregulation of industries earlier monopolized by the public sector, the liberalization of foreign trade through a gradual reduction of import duties, and the freeing up of the foreign investment limits in nearly all industries. These measures have pulled the economy from a low level equilibrium trap to a strong, vibrant, and fast-growing economy which is rapidly integrating with the world economy. Many of India's state governments have also initiated significant procedural and policy reforms to promote foreign investment and encourage domestic private participation. Some common features are discernible. These include the development of industrial estates, removing artificial barriers within states, the decentralization of decision-making, investment subsidy, the exemption/deferment of sales tax, and power tariff concessions. According to the much-publicized Goldman Sachs BRICS (Brazil, Russia, India, China, and South Africa) Report, India is predicted to become the third largest economy in the world, after China and the US, by the year 2050, overtaking all other developed economies. This book provides an essential understanding of the current laws, regulations, and procedures, as applicable to different sectors of the Indian economy, for current and prospective entrepreneurs/investors in India and abroad.
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- PublisherNew Century Publications
- Publication date2012
- ISBN 10 8177082817
- ISBN 13 9788177082814
- BindingHardcover
- Number of pages1
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Economic Laws, Regulations and Procedures in India
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New Century Publications, New Delhi, 2011
ISBN 10: 8177082817
ISBN 13: 9788177082814
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Economic Laws, Regulations and Procedures in India
Published by
New Century Publications, 2011
ISBN 10: 8177082817
ISBN 13: 9788177082814
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Economic Laws Regulations and Procedures in India
Published by
New Century Publications, 2011
ISBN 10: 8177082817
ISBN 13: 9788177082814
New
Hardcover
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Hardcover. Condition: New. Contents 1 India at a glance 2 Natural resources of India 3 Economic planning framework 4 Economic reforms 1991-2011 5 Agriculture and rural development 6 Industrial policy 7 Mineral sector 8 Infrastructure development 9 Energy management 10 Government budgeting procedures 11 Taxation laws 12 Public spending and subsidies 13 Public debt management 14 Fiscal federalism 15 Financial system 16 Financial institutions 17 Financial markets 18 Financial instruments 19 Labour laws 20 Environmental laws 21 Foreign trade 22 Foreign investment Glossary of select economic terms IndexEconomic reforms in India were set in motion though on a modest scale when controls on industries were reduced by the 1985 industrial policy Economic liberalization programme got a big boost when the Government announced a new industrial policy in the Indian Parliament on July 24 1991 Reform measures of the last two decades have included delicensing of most industries deregulation of industries earlier monopolized by the public sector liberalization of foreign trade through a gradual reduction of import duties and freeing up of the foreign investment limits in nearly all industries These measures have pulled the economy from a low level equilibrium trap o a strong vibrant and fast growing economy which is rapidly integrating with the world economyApart from the Central Government many state governments have also initiated significant procedural and policy reforms to promote foreign investment and encourage domestic private participation in the development of their respective states While the incentive package varies from state to state depending upon their investment priorities some common features are discernible These include development of industrial estates removing artificial barriers within states decentralization of decision making time bound clearance of projects investment subsidy exemption deferment of sales tax and power tariff concessionIndia has emerged as an investment friendly country both for domestic and foreign investors Prior to reforms foreign investment was allowed generally in areas of hi-tech sophisticated technologies and substantial exports Government has now established a more liberalized foreign investment policy as a part of the new industrial policy announced in July 1991According to the much published Goldman Sachs BRICS Brazil Russia India China and South Africa Report India is predicted to become the third largest economy in the world after China and USA by the year 2050 overtaking all other developed economiesAn understanding of current laws regulations and procedures as applicable to different sectors of the Indian economy is essential for present and prospective entrepreneursinvestors in India and abroad This book is designed to serve this purpose 494 pp. Seller Inventory # 97083
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Economic Laws, Regulations and Procedures in India
Published by
New Century Publications, 2011
ISBN 10: 8177082817
ISBN 13: 9788177082814
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