Centre may probe Chinese investment pacts, private JVs: Report


Source: deccanherald.com deccanherald.com

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The government is planning to scrutinise investment agreements as well as old and new private joint sector ventures from neighbouring countries to check for alleged violation of tax laws and other laws, according to a report by The Indian Express quoting multiple sources. The move is most likely to affect Chinese trade and investment in India. “With the emphasis on Atmanirbhar Bharat, there is greater scrutiny of investments from some of our neighbouring countries. As we have already enunciated, any opportunistic takeover in the financial sector cannot be allowed and the investors should not hesitate in subjecting themselves to scrutiny...