Friday, August 14, 2015
Tell me,if the Business friendly RSS governance of ethnic cleansing is responsible either to the Parliament or to the people! Tell me,who would expose the business friendly government if the Parliment is a failed Parliament! Has the business friendly government has the mandate for this kind of business friendly diplomacy?
Tell me,if the Business friendly RSS governance of ethnic cleansing is responsible either to the Parliament or to the people!
Tell me,who would expose the business friendly government if the Parliment is a failed Parliament!
Has the business friendly government has the mandate for this kind of business friendly diplomacy?
Tell me,if the Business friendly RSS governance of ethnic cleansinhg is responsible either to the Parliament or to the peopel!Modi has directed to expose the opposition for the wasted Monsoon Session!Tell me,who would expose the business friendly government if the Parliment is a failed Parliament!
I am sorry to write this on the eve of 69th independence day.As th Pariliament seems to be failed as far as policy making,lehgislation and governance are concerned as democracy demands the government to be responsible to the Parliament and the Governement has been by passing the Parliament since 1991 whether in minority or in currrent majority situation as the role of the opposition is reduced to the work of mere loyal bonded labour.The Parliamentary Politics is bonded by corporate lobbying!
For example,neither the Parliament nor the Opposition in house or on the streets ever cares for government expenditure! As it happened in case of Nato Ethnic cleansing project of UID for private party profit.Without any legislation,without any parliamentary sanction,UID project had been mandatory just in the best interst of an IT company we know very well.So,it has been for some specific compnaies dsi or videshi for which everything is on sell on rebate.We also know those specific companies.The people of India know the names of the thieves very well but the theft itself stolen all the way!
Forget not,US President Barack Obama had been the guest of hounour on Republic day!
Now the news breaks in just on the eve of the 69th Independence day celebrations,before Modi's US visit, govt gives final shape to investor-friendly pact,Indian Express reports.
Has the business friendly government has the mandate for this kind of business friendly diplomacy?As mandate missing for vital legislation for reforms hithertoo!
Indian express reports:The revised bilateral investment treaty seeks to exclude taxation steps, commercial contracts between domestic and foreign firms from arbitration but is likely to have many changes to make it more investor-friendly.
Ahead of Prime Minister Narendra Modi's US visit next month, the government is finalising the bilateral investment treaty (BIT) that would replace the existing bilateral investment protection agreement and would protect the country against arbitration and international cases.
The revised treaty seeks to exclude taxation measures, commercial contracts between domestic and foreign companies from the sphere of arbitration but is likely to have many changes to make it more investor-friendly.
"The draft BIT has been cleared by the committee of secretaries. We are waiting for approval from the Union Cabinet, which should come in soon," said a senior government official.
India has been negotiating with the United States on such a pact and approval from the Union Cabinet could pave the way for signing of the agreement between the two countries.
The finance ministry had issued a draft text of the BIT in April this year for public comments.
Sources said that since then, the draft treaty has seen several changes based on feedback and consultations but added that taxation measures as well as commercial contract or agreement between domestic and foreign investor for an investment would continue to be excluded from the treaty.
The move comes after a number of tax disputes such as those relating to Vodafone and Nokia where the country is involved for tax arbitration.
In March this year, Cairn Energy had filed a notice of dispute against India's income tax department on a $1.6 billion tax claim while a number of global telecom firms have also slapped notices on the government for breach of bilateral investment protection pacts after their 2G licences were taken away following a Supreme Court ruling.
However, to make it more investor-friendly, a number of Sections in the treaty have been revised, including some tweaks to a proposal to exclude the issuance of compulsory licences for intellectual property rights out of the sphere of arbitration.
At present, India has signed 83 bilateral trade and promotion agreements, of which 72 are in force. Sources said that the government would re-negotiate all these treaties once the BIT is finalised.
Posted by Palash Biswas at 7:04 AM