A proposal by the Centre to enter into investment agreements with States as an optional arrangement may further sour fragile Centre-State relations
Prabhash Ranjan & Jay Manoj Sanklecha In a rather curious Budget proposal which has gone unnoticed, Union Finance Minister Arun Jaitley mooted the idea of a Centre-State investment agreement to be signed between the Centre and various State governments to ensure effective implementation of BITs or bilateral investment treaties. BITs protect investments made by an …