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Economy & Trade

India-CARICOM Relations Benefit from Modi’s Recent Strategic Engagement

11/22/2024

With the conclusion of the 2nd India-CARICOM Summit, India seeks to strengthen ties with the Caribbean countries, focusing on advancing cooperation in critical areas, such as trade, healthcare, digital transformation, and cultural exchange.

Choking Growth: Air Pollution's Economic Impact on Delhi

11/21/2024

Delhi, India’s national capital, is grappling with a worsening air pollution crisis that has significantly impacted the city’s trade and commerce, causing a 20 percent dip in business activities and severe financial losses for SMEs and seasonal businesses.

Navigating India’s Export-Import Landscape: Customs, Trading, and Industrial Clusters

11/18/2024

In this edition of India Briefing Magazine, we explore India’s evolving import-export landscape, focusing on regulatory reforms, manufacturing clusters, and trade partnerships.

India-Egypt Bilateral Trade and Investment

11/18/2024

With steady trade, emerging areas of investments, and increasing scientific collaboration, the India-Egypt partnership is poised for growth

India-Germany Two-Way Trade and Investment

11/14/2024

We look at India-Germany commercial relations and new areas of cooperation in digitalization, agriculture, clean energy, e-mobility, etc.

India-Brazil Trade and Investment Overview

11/13/2024

Our overview of India-Brazil trade and investment ties highlights growing commercial relations, focus on MERCOSUR, and mutual investment opportunities.

Tax & Accounting

India’s CBDT Extends Corporate Tax Filing Deadline for AY 2024-25

11/04/2024

India’s Central Board of Direct Taxes has extended the corporate tax filing deadline for AY 2024-25 from October 31 to November 15, 2024. Although, deadlines for specific tax forms remain firmly set for October 31, 2024.

India’s Tax Authority Retains 1% and 3% Tolerance Range for Transfer Pricing for AY 2024-25

10/31/2024

India’s Central Board of Direct Taxes (CBDT) has set a 1-3% tolerance range for transfer pricing in AY 2024-25, promoting compliance certainty and reducing audit risks business transactions.

FAQs on the Special Valuation Branch (SVB) in India: A Guide for Importers

10/29/2024

By understanding the role and procedures of the Special Valuation Branch in India, businesses importing goods can effectively navigate the complexities of related party transactions and ensure compliance with Indian customs regulations.

India Mandates Audit Trail Compliance for All Companies: Understanding the Obligations

10/16/2024

We provide an overview of audit trails, detailing the mandatory compliance requirements under Indian corporate laws, the responsibilities of companies and auditors, and the penalties for non-compliance.

New GST Amnesty Scheme from November 1, 2024: Key Compliance Details

10/11/2024

India's new GST amnesty scheme, effective from November 1, 2024, waives interest and penalties for non-fraudulent GST demands from 2017-18 to 2019-20.

India's Supreme Court Enables ITC Claims on Commercial Building Construction

10/08/2024

India's Supreme Court has allowed companies in the country to claim input tax credits (ITC) on construction costs for commercial buildings intended for rental purposes.

Legal & Regulatory

A Guide on Mitigating Financial Threats for Businesses in India

11/15/2024

We list actionable steps that Indian businesses can take to mitigate financial risks and build resilience for sustained growth.

India’s RBI Introduces Framework for Converting FPI to FDI in Indian Companies

11/12/2024

The Reserve Bank of India (RBI) has streamlined the process for Foreign Portfolio Investors (FPIs) to reclassify their holdings as Foreign Direct Investment (FDI) if their stake in an Indian company exceeds 10 percent.

FAQs on the Special Valuation Branch (SVB) in India: A Guide for Importers

10/29/2024

By understanding the role and procedures of the Special Valuation Branch in India, businesses importing goods can effectively navigate the complexities of related party transactions and ensure compliance with Indian customs regulations.

India’s New Labor Codes Near Implementation: What Foreign Firms Need to Know

10/22/2024

India's four new labor codes are nearing implementation, simplifying labor laws and enhancing worker protections. As per reports, 25 Indian states have finalized their draft rules, affecting both domestic and foreign businesses.

Indian Mobility Platform Ola Comes Under Regulatory Spotlight: Lessons for Foreign Investors

10/14/2024

India's Central Consumer Protection Authority has issued a notice to Ola Electric and Ola Cabs for alleged violations of consumer rights. This situation highlights the importance for foreign companies and foreign-invested enterprises operating in India to adopt best practices to minimize the risk of regulatory intervention and mitigate scope for reputational damage.

India Eases Export Rules for Dual-Use Technology to 41 Countries

10/09/2024

India's Directorate General of Foreign Trade (DGFT) has relaxed export rules for 36 dual-use items from Indian parent companies to their foreign subsidiaries in 41 countries.

Industries

India Manufacturing Tracker: 2024-25

11/22/2024

Introducing the India Manufacturing Tracker 2024-25 by India Briefing—your go-to source for real-time updates on the country's industrial production, emerging trends, and key sector insights.

Apple’s Contract Manufacturers and Component Suppliers in India

11/19/2024

We note the major contract manufacturers of Apple products in India along with their domestic supplier network, list their locations and investment scope.

Apple’s Manufacturing Shift: Emerging Investment Opportunities in India's Electronics and Supply Chain

11/18/2024

Apple and its suppliers target 32% of global iPhone production and 26% of its value in India by 2026-27. We explore the implications for foreign investment as India strengthens its electronics supply chain and seeks global value chain integration.

Key Manufacturing Clusters in India: A Sector-Wise Breakdown

11/04/2024

India's specialized manufacturing clusters, from automobiles to electronics, drive economic growth by boosting production, exports, and foreign investment.

Cross-Border M&A in India: 2024 Market Developments and Regulatory Changes

10/21/2024

Cross-border M&A deals in India are growing as companies pursue strategies to enter new markets, acquire technology, diversify, and consolidate globally.

India's Fintech Sector Secures US$778 Million in Funding in Q3 2024

10/17/2024

India’s fintech sector witnessed substantial growth in Q3 of 2024, securing US$778 million in funding, a 66% increase compared to Q3 2023.

HR & Payroll

India's List of Public Holidays in 2025: A Guide for Businesses 

11/07/2024

Businesses and foreign investors should note India's official holiday schedule for 2025, which is impacted by regional, local, and national factors, including festivals, patriotic observances, and cultural practices.

A Guide to Minimum Wage in India in 2024

09/27/2024

We answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India. Several states in India have updated their minimum wages as of October 2023.

Traveling in India – Business Etiquette and Culture

08/30/2024

India is one of the oldest civilizations in the world, and a complicated mixture of old and new traditions from the West and East. If you are planning to do business with or in India, it is important to try and understand its cultural intricacies.

How Labor Market Intelligence Can Strengthen Your India Market Relocation Strategy

08/28/2024

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.

More Women Engaged in Manufacturing Activities in India: MoSPI Report

08/14/2024

In the latest report from India’s MoSPI, more urban women are engaged in the manufacturing sector, while rural women dominate agriculture activities.

India to Expedite Visa Process for Chinese Technicians Amid Industrial Concerns

07/19/2024

India is reportedly working on loosening the visa requirements of Chinese technicians in response to concerns from several companies.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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