India’s move to abolish a controversial law that allowed it to tax foreign investments retrospectively has been cheered by analysts, though they remain cautious about how the decision will boost its image as a business-friendly destination.The decision, made by the lower house of parliament last week and approved by the upper house late on Monday, paves the way for Asia’s third-largest economy to settle as many as 17 long-standing tax disputes with foreign investors.The 2012 law had led to…
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