The issue of increasing Indian investments in USA will also be in the agenda.Tata Group Chairman Cyrus Mistry will lead the Indian side at the CEO dialogue to be held on August 30. It is understood that the CEOs' recommendations will be considered at the S&CD. India received $4.19 billion, or Rs 27,695 crore, in foreign direct investment (FDI) from the US in the year ended March 2016, up from $1.82 billion (Rs 11,150 crore) in 2014-15 and $806 million (Rs 4,807 crore) in 2013-14. Under this pact professionals of both the countries would be exempted from social security taxes when they go to work for a short period in other country. The US has concluded this agreement with several nations.

Source: Economic Times August 22, 2016 20:26 UTC