India to keep taxation out of bilateral investment treaty framework; Cabinet note ready

India has decided to exclude taxation from its bilateral investment treaties, with a revised model treaty nearing approval by the Cabinet. This move aims to boost foreign investment by providing greater clarity and predictability for investors. The change will also require foreign investors to exhaust local remedies before seeking arbitration, potentially reducing the number of disputes that end up in court. This development is significant for India's economic growth, as it seeks to attract more foreign investment and promote trade.

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India and Australia are working on a comprehensive economic pact. This could increase trade and investment between the two countries.

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