Tata-docomo Deal
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Opinion: Door To Foreign Investors Only Half-Open In India
Once again, India is in danger of sabotaging its own efforts to raise foreign investment to China-like levels. The latest salvo in this undeclared, self-defeating war is the government's reported decision to block Tata Sons from paying what arbitrators say the company owes to a former partner, the Japanese company NTT DoCoMo.
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Tata-DoCoMo Deal: RBI Plea Rejected For Forex Law Exemption, Says Report
Rejecting a plea by the Reserve Bank of India (RBI) for exempting the Tata-DoCoMo deal from the Foreign Exchange Management Act (FEMA), the Finance Ministry has said the two firms had entered into a share buyback contract in contravention of prevalent law and the case will now have to be legally settled.
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Opinion: Door To Foreign Investors Only Half-Open In India
Once again, India is in danger of sabotaging its own efforts to raise foreign investment to China-like levels. The latest salvo in this undeclared, self-defeating war is the government's reported decision to block Tata Sons from paying what arbitrators say the company owes to a former partner, the Japanese company NTT DoCoMo.
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Tata-DoCoMo Deal: RBI Plea Rejected For Forex Law Exemption, Says Report
Rejecting a plea by the Reserve Bank of India (RBI) for exempting the Tata-DoCoMo deal from the Foreign Exchange Management Act (FEMA), the Finance Ministry has said the two firms had entered into a share buyback contract in contravention of prevalent law and the case will now have to be legally settled.
