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The GST is still several crucial steps away from reality but the Modi government is moving methodically for its rollout from April 1 next year. On September 1, 2016 Odisha became the 16th state to ratify the Constitutional Amendment Bill that will pave the way for the passage of the Goods and Service Tax (GST) Bill, thus, fulfilling the constitutional requirement of at least half of India's 29 states approving the bill. The President has, since, signed the 122nd Constitutional Amendment Bill into law soon. This has allowed the government to proceed with the formation of the GST Council, which will decide on contentious issues like the GST rates, the mechanism to settle disputes and also come up with a draft GST legislation. Thereafter, the central and state governments will have to pass the central and state GST legislations and announce the date from which it will be implemented.

Invest India, the country's new investment promotion agency is making life easier for both foreign and domestic investors by cutting through the red tape. Want to know how? Read on Nikunj Parashar and his wife Shilpa were worried. They had quit lucrative jobs abroad, he as General Manager of Maersk Group and she at Credit Suisse, to return home to India to set up their own business.