Obama visit

President Obama is India’s guest for our Republic Day celebrations and the government is preparing to welcome the US president. An Inter-Ministerial Committee (IMC) is looking into the specific problems being faced by the US companies doing business in India. Most of these issues are routine in nature which normally should have been addressed by the Secretaries of the concerned ministries, on their own.

For example, Morgan Stanley wants to carry out ITES business in India through an LLP (Limited Liability Partnership) but a circular issued by the DoT stated that the entity should be a company registered in India. Morgan.