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 Digital Personal Data Protection (DPDP) Act 2023 will impact internet companies, mobile apps, and businesses handling citizens' data. Enterprises will need to assess the fine print of the legislation to address their risk exposure and compliance 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.
Polling for the 2024 Indian General Elections, the world's largest electoral exercise, is scheduled to take place from April 19 to June 6, 2024. India Briefing gives a summary of the electoral process and voter profile.
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Sign Up NowIn 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 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.
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.
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'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.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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