Chinese investment pacts, pvt JVs invite Govt scrutiny

The priority, the sources said, will be vetting documents and agreements of companies in the information technology and finance sector. The scope of the probe will, however, be expanded in time to cover other strategic and non-strategic sectors. In a move that is likely to mount more pressure on Chinese trade and investment in India, the government is planning to scrutinise old and new private sector joint ventures and investment agreements to check for alleged violation of tax laws and other laws, multiple sources in the know of the development told The Indian Express. The priority, the sources said, will…