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India to tax collectors: give foreign companies a break

*New Delhi also needs overseas investment to boost growth. MUMBAI, Sept 4- India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds and companies, as the country seeks to repair an image dented by high-profile tax battles. The new, consensual approach marks a sharp change for a...
Source: Reuters | By: Himank Sharma
INTERVIEW-India's 'bulldozer' promises to add 2 percentage points to growth

*Gadkari tackles $57 billion infrastructure backlog. NAGPUR, India, Sept 2- The man Prime Minister Narendra Modi has tasked with launching a China-style infrastructure boom calls himself a "bulldozer" and promises to add two percentage points to India's economic growth in two years. Modi chose the 58- year-old former president of his Hindu nationalist...
Source: Reuters | By: Rajesh Kumar Singh and Nidhi Verma
Foreign investors just saved up to $6.4B in India

India is to end attempts to levy up to $6.4 billion in retrospective tax on foreign investors, the Financial Times reports.
Source: Financial Times | By: Victor Mallet and James Crabtree
Indian government steps up rate cut pressure on RBI

NEW DELHI/ MUMBAI, Aug 20- Indian Finance Minister Arun Jaitley is stepping up pressure on the central bank to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points. After another weak quarter of corporate earnings and July inflation that undershot the...
Source: Reuters | By: Manoj Kumar and Suvashree Choudhury
UPDATE 2-Political blocking leaves Modi's India reform schedule in tatters

NEW DELHI, Aug 13- Indian Prime Minister Narendra Modi's reform agenda suffered another major setback on Thursday when lawmakers ended the summer parliament session acrimoniously and without approving a tax reform bill aimed at faster economic growth. Debate descended into insults that spilled to the streets, where opposition lawmakers marched and...
Source: Reuters | By: Rajesh Kumar Singh
UPDATE 2-Drama as India's Modi makes final monsoon push to pass tax reform

Aimed at creating a customs union for India's 1.2 billion people, the Goods and Service Tax is the biggest revenue shake-up since independence from Britain in 1947. Supporters say it will add up to two percentage points to economic growth. As monsoon rain lashed the colonial-era parliament building, Finance Minister Arun Jaitley introduced the bill in the...
Source: Reuters | By: Frank Jack Daniel and Rajesh Kumar Singh