Piyush Goyal, Union Minister for commerce and industry, announced a new investment pact with the UAE reducing the time for international arbitration from five to three years, enhancing investor protection and boosting confidence. The deal includes shares and bonds as protected investments, broadening the scope beyond FDI. While experts raise concerns about increased arbitration claims, the pact aims to provide a stable tax regime and facilitate dispute resolution, benefiting both Indian and UAE investors.
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