US strongly objects India`s new M&A regulations
The US has strongly objected to India`s new M&A regulations that requires foreign companies to seek regulatory approval for mergers and acquisitions made anywhere in the world reports Economic Times.
Protectionism around the globe, including the US, which is in election mode, is expected to grow as the world deals with the slowdown, but India needs to react only when legislation are converted into actual statute, commerce secretary Rahul Khullar said while releasing a Assocham report on doubling exports.