PM Modi announced on 24 January 2016 that the controversial Retrospective taxation will be put to an end. The new predictable tax will be laid down for the next 15 years. With new taxation, investors would clearly know the taxation system over the next 5, 10, 15 years.

Views- This will boost the confidence of the investors and thereby lot of FDI is likely to pour in the country. There has already been a rise in FDI by 40% since the new govt. took charge in May 2014.