By Mukesh Butani — Status: In Progress – The Modi government has not amended the Income Tax Code in a way that precludes applying law retrospectively but has created a new committee that has blocked fresh attempts to use the…
By Aman Y. Thakker — Status: In Progress – The Ministry of Labour relaxed rules to allow fixed-term, contract employees to work in all sectors, but has not comprehensively addresses the restrictions under the Industrial Disputes Act, 1947. Difficulty: High…
By Richard M. Rossow — Status: In Progress – A February 2014 note from the Ministry of Law & Justice called on regulators and government agencies to adopt a 30-day notification period. But it is not being honored. Difficulty: Medium…
By Aman Y. Thakker — Status: In Progress- Amended in 2016 to allow 49 percent FDI; 100 percent FDI allowed based on government approval for cases where FDI “is likely to result in access to modern technology.” Difficulty: Medium- Requires…
By Richard M. Rossow — Status: In Progress– Amended in 2015 to allow 49 percent FDI; still below majority, and foreign firms lost ability to have management Difficulty: High– Requires legislative amendment. Strong opposition from government-owned insurers, insurance unions, some…
