Centre may cut local-remedy wait for foreign investors from 5 years to 1 NEW DELHI: Seeking to address a long-pending grouse of overseas investors, govt is all set to amend the model bilateral investment treaty (BIT) to allow for international arbitration one year after exhaustion of local remedies, instead of the current five-year clause that…

Panel pitches cross-subsidy: Corporate hospitals urged to use rich-patient revenue to fund poorer patients’ care NEW DELHI: Revenue earned from foreign patients and affluent Indians should help fund the treatment of poorer patients, the parliamentary standing committee on health and family welfare has recommended, proposing that corporate hospitals adopt a cross-subsidisation model to make advanced…