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Tesla CEO Elon Musk has been moving back and forth on his India dream for couple of years and is unable to take the next big step.
Differences over e-commerce regulations have become one of the biggest issues in frayed trade ties between New Delhi and Washington.
The striking thing about her the maiden budget of Sitharaman was her confidence not to deviate from the fiscal consolidation path.
Presenting her first Union Budget, Finance Minister Nirmala Sitharaman, proposed to raise effective tax increase of 3 per cent for those with incomes over Rs 2 crores and an increase of 7 per cent for those with incomes over Rs 5 crore.
The finance minister also announced TDS (tax deducted at source) of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.
Foreign investments are considered crucial for India, which needs around billions of dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth.
Gratuity limit increased from Rs10 lakh to Rs30 lakh.
The deficit increased to $ 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19 as against 1.8 per cent in the previous year.
'Mission Raftaar' was announced in the Railway Budget 2016-17 and envisages a target of doubling the average speed of freight trains and increasing the average speed of all non-suburban passenger trains by 25kmph in the next five years.
Commerce Minister Piyush Goyal has said that while the government was prepared to listen to concerns about its new FDI rules, it was committed to protecting small traders from predatory behaviour by foreign-funded companies.