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Economy & Trade

India-Serbia Bilateral Trade and Business Ties: A 2024 Report

12/17/2024

India and Serbia are strengthening their bilateral relationship through enhanced trade and investment cooperation, aiming for €1 billion in trade by 2030 and fostering collaboration across key sectors like defense, IT, and agriculture.

Bilateral Relations Between India and Bosnia & Herzegovina

12/17/2024

India and Bosnia & Herzegovina have maintained friendly ties since 1995, focusing on economic, technological, and cultural collaboration, with recent progress.

India Extends IT Hardware Import Management System Until December 31, 2025

12/13/2024

India has extended the import management system for seven IT hardware products (under HSN 8471) like laptops, PCs, and servers by one year.

India-Morocco Strategic Partnership: A Convergence of Regional and Global Aspirations

12/12/2024

India and Morocco's economic and bilateral ties highlight their aligned strategic interests and foreign policy objectives. Their partnership aims to enhance regional influence, positioning both nations as pivotal gateways.

How the PM Gati Shakti National Master Plan is Advancing India's Infrastructure Sector

12/04/2024

As of 2024, the PM Gati Shakti National Master Plan has made significant progress in developing world-class infrastructure in India, leveraging integrated policymaking and advanced technology for streamlined execution.

India’s RoDTEP Scheme for Exporters: Key Extensions and Compliance Updates

12/03/2024

India has extended RoDTEP benefits for DTA units till September 30, 2025 and for AA/EOU/SEZ units till December 31, 2024. We discuss the compliance and reporting obligations for those availing the scheme benefits.

Tax & Accounting

India's GST Compliance Changes from 2025: What Businesses Need to Know

12/20/2024

Compliance changes under India’s Goods and Services Tax (GST) regime in 2025 include mandatory multi-factory authentication (MFA) for GST portal access and restrictions on E-Way Bill (EWB) generation to curb fraudulent practices. GST registered businesses should note the key requirements and dates of implementation to stay compliant.

Switzerland to Suspend MFN Clause for India under DTAA from January 1, 2025

12/17/2024

Switzerland has announced its suspension of the Most Favored Nation (MFN) status for India under their DTAA over differing interpretations on their tax treaty provisions. Starting January 1, 2025, dividend payments from Swiss entities to Indian investors will be taxed at 10 percent, up from 5 percent.

End of the Angel Tax in India: Applicable for FY 2025-26

12/02/2024

In the Union Budget 2024, the Indian government announced the abolition of the angel tax for all investors, effective FY 2025-26, marking a pivotal shift for India's startup ecosystem.

India's PAN 2.0 Project: All You Need to Know

11/27/2024

India's PAN 2.0 Project will modernize India taxpayer services with a unified portal, QR code-enabled PAN cards, and paperless processes, enhancing business compliance and operational efficiency.

Free Trade Warehousing Zones in India

11/26/2024

Free Trade Warehousing Zones are expected to serve as a cost-efficient component within logistic and global supply chains, catering to the needs of both India and the international market.

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.

Legal & Regulatory

India Considers Relaxing Forex Rules for SEZ Services in Critical Sectors

12/19/2024

India is exploring easing foreign exchange payment rules for domestic companies availing SEZ services in defense and space sectors.

India’s SEBI Tightens Rules, Reporting Norms for Foreign Portfolio Investors

12/18/2024

India's SEBI has introduced a framework that limits foreign portfolio investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as their underlying assets with the goal of improving transparency and preventing market manipulation.

Karnataka Global Capability Center Policy 2024-2029: Key Features

12/11/2024

The Karnataka Global Capability Center (GCC) Policy, launched November 2024, focuses on AI, collaboration between academia and the private sector, R&D, talent development, and expanding investment zones beyond the capital Bengaluru through fiscal, regulatory, and tax incentives.

Mitigating Business Partnership Risks When Entering the Indian Market

12/11/2024

Foreign SMEs and investors can mitigate business partnership risks in India by conducting comprehensive due diligence checks and seeking local expert guidance for reviewing the target company's history, financial health, legal compliance, and operational capabilities.

India’s RoDTEP Scheme for Exporters: Key Extensions and Compliance Updates

12/03/2024

India has extended RoDTEP benefits for DTA units till September 30, 2025 and for AA/EOU/SEZ units till December 31, 2024. We discuss the compliance and reporting obligations for those availing the scheme benefits.

Managing Financial Risks: A How-to Guide 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.

Industries

Australia’s Strategic Investments in India’s Fintech, Space Sectors

12/23/2024

Australia plays a pivotal role in India's digital economy, fostering collaboration in the space sector and advancing fintech through innovations in digital payments and blockchain technology.

India Manufacturing Tracker: 2024-25

12/17/2024

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.

India Eyes US$3 Billion Incentive Package to Boost Electronics R&D and Manufacturing

12/13/2024

India is working on a US$3 billion incentive package to promote private sector R&D and foster the creation of homegrown electronics brands.

India Working on New GCC Policy to Tap Sector Growth with Fresh Incentives

12/11/2024

India's Electronics & IT ministry (Meity) is working on a new policy framework at the central government level targeting global capability centers (GCC) and to support their growth beyond tier-1 hubs. As per media reports, these new incentives would be in addition to state incentives where the GCC entities are located.

India’s Electronics Manufacturing: Tackling Challenges, Seizing Opportunities

12/09/2024

India's electronics manufacturing sector is evolving, fueled by government initiatives, rising domestic demand, and a focus on self-reliance.

Modernizing India's Maritime Economy: 2 Bills Tabled in Parliament

12/06/2024

Two new bills were proposed during the winter session of the Indian Parliament, aiming to enhance the country's global maritime competitiveness and boost domestic waterway trade.

HR & Payroll

Tax Advisory for Remote Workers in India: Optimizing Savings

12/10/2024

We discuss key tax considerations, compliance requirements, and strategies to optimize savings for remote workers in India.

India Labor Compliance: How the Shram Suvidha Portal Works

12/03/2024

The Shram Suvidha Portal, developed by the Ministry of Labor and Employment, serves as a one-stop solution for labor law compliance in India. This unified web platform simplifies regulatory procedures, ensuring transparency, accountability, and ease of doing business for employers while safeguarding employees’ rights.

India Wants Gig Workers to Register on e-Shram Portal, Come Under Social Security Net

12/03/2024

India’s labor ministry is formalizing the gig economy by mandating platform aggregators and workers to register gig workers on the e-Shram portal.

Key Considerations for Expatriates in India: Jobs, Location Costs, and Tax

11/28/2024

We discuss some of the tax, HR, and payroll considerations for expatriates when choosing to relocate to India for work or other purposes.

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.

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The BRICS is Expanding, Should The United States Be Concerned?

November 16th, 2022 Read Article
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