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FinMin preparing draft Centre-state investment pact

Senior govt officials said that such agreement will ensure that states stick to the commitments that India guarantees foreign companies under Bilateral Investment Treaty

Arup Roychoudhury  |  New Delhi 

The finance ministry is preparing a model Centre-State Investment Agreement (CSIA), for effective implementation of the Bilateral Investment Treaty it is set to sign with other countries. The draft could be presented to the Cabinet for approval in two or three months, Business Standard has learnt. Union Budget 2016-17, presented by Finance Minister Arun Jaitley on February 29, had proposed the CSIA, to be signed between the central and state governments. “This will ensure fulfilment of the obligations of state governments under these treaties. States which opt to sign these will be ...

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First Published: Fri, March 18 2016. 00:27 IST
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