India's economic partnership with East Asian countries has not yet realized its full potential, with major trade imbalances registered with South Korea, Japan, and ASEAN. New Delhi is seeking to rectify this situation with ongoing FTA reviews.
In 2020, India announced the decision to scrutinize investments from neighboring countries, allowing FDI only via the government route.
India Briefing profiles the manufacturing sector in the southern state of Tamil Nadu, and explores its appeal for foreign investment.
India has released a list of 30 critical minerals crucial for its energy transition and development of frontier industries. The move is aligned with global efforts to ensure stability in the supply chain of these critical minerals.
India and Peru are negotiating a bilateral trade agreement that could lower tariffs, address technical barriers to trade, and introduce a dispute resolution mechanism.
The India-ASEAN trade pact is under review, with the former hoping to address tariff irregularities on specific goods within the agreement.
India's Regulation of Solar PV Modules: Approved List of Models and Manufacturers
India's Dedicated Freight Corridor Program: Progress and Prospects
India's Investment Appeal Stays Bright: Findings from EIU Report
Investing in Assam State, India
Investing in Odisha State in India: Economic Outlook and Opportunities
India Briefing discusses how the Goods and Services Tax regime works in India, applicable rates for 2024, and reporting obligations for businesses.
India and Mauritius have agreed to abide by recent DTAA revisions, which include a PPT clause to prevent any unjustified tax avoidance.
India's Income Tax Department has released ITR Forms 1-6 for AY 2024–25 and is enabling e-filing mechanisms according to reporting deadlines.
India has announced that tax rates on royalties and fees for technical services under the India-Spain DTAA will be capped at 10%, a rate lower than domestic laws, as per a most-favored nation basis, according to a March 2024 notification.
FY 2024-25 begins April 1, 2024 and brings in no new changes to the tax rules in India per the federal government. We roundup the direct tax rules applicable for AY 2024-25 and certain Finance Act 2024 amendments to the indirect tax regime.
At the maiden international conference organised by the NFRA, its chairman, Ajay Bhushan Pandey, has expressed strong intentions to inculcate a framework identical to an innovation lab to promote technological advancement in the auditing industry.
Mauritius Government Amends its Double Tax Treaty with India to Align with BEPS MLI
India's New Tax Compliance Law Impacting MSMEs: Section 43B(h) Explained
Understanding Accelerated Depreciation of Solar Power Assets in India
Interim Budget Rounds Up Key Tax Reforms, Makes Case for Modi Re-Election
India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation
Implementation rules for India's DPDP Act, which was passed in parliament in August 2023, is expected to be enacted in the first 100 days of the formation of a new government and will establish rules on important digital domain issues such as AI-led misinformation and deepfakes.
India's Ministry of Corporate Affairs has invited stakeholders to submit responses to seven specific regulations under the IBC, 2016 rules.
The environmental compliance landscape in India poses challenges due to uneven law enforcement. We note key reporting requirements.
Presently, India lacks a dedicated regulation for artificial intelligence (AI). We outline some of the advisories, guidelines, and IT rules that offer legal oversight for the development of AI, Generative AI, and large language models (LLM) in India.
While some Indian states reclaim unused land for industrial purposes, many enforce building standards that hinder efficient land use by factories.
Starting an import-export business in India with the right strategies allows a firm to access information resources, network contacts, and concessions, which are key to profitability and compliance.
Establishing a Trading Company in India
India Notifies ‘Lesser Penalty’ Regime under the Competition Act
A Step-by-Step Guide to Establishing Your Business in India's GIFT City
GIFT City's Rising Profile: Government of India Emphasizes Key Progress Ahead of Interim Budget 2024
India’s Corporate Governance Reforms: Key Regulatory Changes to Pay Attention to in 2024
The government has clarified how India's new EV Policy will work as it seeks to tie-in subsidy/benefits to local investment and domestic value addition (DVA).
Foreign investors in the manufacturing space and other such stakeholders should pay attention to the emerging capacity building in the Indian ACC manufacturing industry and forge supplier relationships with PLI beneficiaries to achieve mutually advantageous outcomes.
India intends to triple its nuclear power generation capacity by 2030, making the energy source a major component of the nation's power mix.
Apple's iPhone export figures from India in FY 2023-24 amounted to US$12.1 billion. The US-based electronics giant is also reportedly planning to add 500,000 people to its India workforce over the course of the next three years.
We note the major contract manufacturers of Apple products in India along with their domestic supplier network, list their locations and investment scope.
India has announced an extension for the submission of research and development (R&D) proposals under the National Green Hydrogen Mission.
The MedTech Industry in India: Outlook and Growth Drivers
India's Regulation of Solar PV Modules: Approved List of Models and Manufacturers
Outlook for the Flexible Workspace Sector in India
PM Narendra Modi Virtually Inaugurates the 3 New Semiconductor Units on March 13
India's Employees' Provident Fund Organization (EPFO) is reportedly considering raising the monthly minimum wage ceiling from INR 15,000 to INR 21,000 to improve monetary coverage and bring under its purview millions of informal workers.
An effective labor market study will help company decision makers, such as C-suite executives, to make an informed choice that is best suited to their business undertaking.
India is working with the ILO to establish a living wage standard that covers housing, healthcare, food, education, and clothing expenditure. The aim is to have this ready by 2025.
Many SME companies in India, including foreign firms, are actively outsourcing their payroll services to ease the compliance burden and focus on core business growth goals.
In India, gradual efforts are being made to ensure that more women are participating in the workforce, including in male-dominated manufacturing jobs. We discuss latest industry hiring trends and challenges facing the Indian economy in meeting gender parity targets.
The yet to be implemented Occupational Safety, Health, and Working Conditions (OSH) Code, 2020 will subsume several existing HR regulations.
India to Push for Social Security Agreement with the US at Trade Policy Forum Meeting
Navigating ESIC and Provident Fund Registration for Companies in India
List of India's Public Holidays in 2024 and Best Practices for Companies
Visa Clearance Streamlined by Indian Authorities for Chinese Professionals Engaged in PLI Sectors