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Guidelines to Invest in India

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GUIDELINES TO INVEST IN INDIA MRIDUL AGRWAL mridul.15@tapmi.edu.in +919629482047

NANDINI BRAHMANAND HEGDE nandini.15@tapmi.edu.in +919686488851

MRIDUL AGRWAL mridul.15@tapmi.edu.in +919629482047

NANDINI BRAHMANAND HEGDE nandini.15@tapmi.edu.in +919686488851

India is a federal republic, with 28 states and seven federally administered union territories; it operates a multi-party parliamentary democracy system. It is a common law country with a written constitution. Parliament has two houses: the Lok Sabha (lower house) and the Rajya Sabha (upper house). The President, the constitutional head of the country and of the armed forces, acts and discharges the constitutional duties on the advice of the Council of Ministers, which is headed by the Prime Minister. The Prime Minister and the Council of Ministers are responsible to parliament and subject to the control of the majority members of parliament. Independently elected governments govern the states and union territories. India is a three-tier economy, comprising a globally competitive services sector, a manufacturing sector and an agricultural sector. The services sector has proved to be the most dynamic in recent years, with trade, hotels, transport, telecommunications and information technology, financial, and business services registering particularly rapid growth.

Government Empowerment

The central and state governments have passed legislation to control production, supply, distribution and the price of certain commodities. The central government is empowered to list any class of commodity as essential and can regulate or prohibit the production, supply, distribution, price and trade of these commodities for the following purposes: maintain or increase supply; equitable distribution and availability at fair prices; and secure an essential commodity for the defense of India or the…...

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