CA Online

NEW DELHI: An inter-ministerial panel being constituted to suggest a policy prescription for the failing financial health of the telecom sector will consult banks and operators before finalising its views in three months. The committee is expected to have representation from the Departments of Economic Affairs, Revenue and Financial Services, besides the Telecom Department, an official familiar with the matter told PTI. The panel is expected to finalise its recommendations in the next three months.

NEW DELHI: India has raised serious concerns over bringing issues related to investment facilitation within the ambit of WTO saying these are bilateral matters and can not be decided at multi-lateral forums. The issue was listed on the agenda of a meeting of the General Council, the highest decision making body of the World Trade Organization (WTO), on May 10 in Geneva. "India strongly objected to the inclusion of investment and investment facilitation on the agenda list. Investment facilitation does not come in the scope of the WTO. It is a forum for trade facilitation and trade related aspects of investments only," a senior official said.