1.Intellectual property rights: US set to punish India
The Indian embassy in Washington DC too scheduled a briefing by its economic and commerce wings soon after the expected US action.
TNN | Feb 10, 2014, 10.28PM IST
WASHINGTON: It's not looking good between New Delhi and Washington. Tensions over the Khobragade episode are yet to fully dissipate, but the two sides are locking horns again over intellectual property rights. The Obama administration is scheduled to announce unspecified ''trade enforcement action'' against India on Monday evening (Tuesday am IST) Washington time.
United States trade representative (USTR) Michael Froman and general counsel Timothy Reif will hold a news conference to announce action related to India, the USTR said earlier in the day in a head's up to journalists.
The Indian embassy in Washington DC too scheduled a briefing by its economic and commerce wings soon after the expected US action. All this comes ahead of a re-scheduled visit to New Delhi of US energy secretary Ernesto Munoz, which was postponed from January because of the Khobragade row.
2.Hurdles in business growth forcing entrepreneurs to mass exodus
Krithika Krishnamurthy, ET Bureau Mar 28, 2014, 04.30AM IST
(Starting up in India is easy…)
Within the next six months, Bangalorebased technology entrepreneur Jay Krishnan will be heading east in search of a better place to locate his fast-growing business. The 38-year-old cofounder of Wifinity, which builds technology that allows machines to talk to each other, set up the venture in 2010. Since then he has spent many hours navigating India's onerous regulatory maze and thinks that he has had enough. "It does not make any economic sense to stay here in India," said Krishnan, who has been constantly wooed by Singapore and Hong Kong over the last few months to set up shop. India's multiple tax structures and cumbersome paperwork have