The US 2024 Presidential Election and Potential Impact on India

Economy & Trade

The 2024 US presidential election, featuring Kamala Harris and Donald Trump as candidates, is poised to impact India’s economy, trade relations, defense cooperation, and climate initiatives, depending on the outcome.

Legal & Regulatory

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

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.

Economy & Trade

India-Norway Trade and Investment Relations

India and Norway's bilateral relationship, strengthened by the recent Trade and Economic Partnership Agreement (TEPA) with the EFTA bloc, creates significant growth opportunities in renewable energy, maritime technologies, and sustainable development sectors.

Tax & Accounting

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

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.

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Economy & Trade

Economy & Trade

India-EU FTA: Commerce Department Engages Domestic Industry on Rules of Origin

Oct 15

India's Department of Commerce has reached out to domestic industries to seek feedback on rules of origin (ROO) under the India-EU FTA.

  • The US 2024 Presidential Election and Potential Impact on India

    Economy & Trade Oct 14

    The 2024 US presidential election, featuring Kamala Harris and Donald Trump as candidates, is poised to impact India’s economy, trade relations, defense cooperation, and climate initiatives, depending on the outcome.

  • India-Hungary Trade Relations: From Solar Energy to Green Hydrogen Initiatives

    Economy & Trade Oct 11

    India-Hungary have significantly increased their trade in recent years and are eager to collaborate on nuclear and solar energy initiatives. Trade activities between the two countries crossed US$1 billion mark for the first time in 2022.

  • India-Norway Trade and Investment Relations

    Economy & Trade Oct 09

    India and Norway's bilateral relationship, strengthened by the recent Trade and Economic Partnership Agreement (TEPA) with the EFTA bloc, creates significant growth opportunities in renewable energy, maritime technologies, and sustainable development sectors.

  • India-UAE Bilateral Trade and Investment Profile

    Economy & Trade Oct 07

    India-UAE relations have grown into a strategic post-COVID-19 partnership, focusing on defense, energy and renewables, and critical minerals.

 

Tax & Accounting

Tax & Accounting

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

Oct 11

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.

 

Legal & Regulatory

Legal & Regulatory

Indian Mobility Platform Ola Comes Under Regulatory Spotlight: CCPA Demands Consumer Protection Improvements

Oct 14

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.

Industries

Industries

Ratan Tata: Architect of the Tata Group's Global Empire

Oct 10

Ratan Tata, the Chairman Emeritus of Tata Group and a globally influential industrialist, passed away in Mumbai on October 9, 2024, at the age of 86. We look back at his legacy at the helm of the group.

 

HR & Payroll

HR & Payroll

A Guide to Minimum Wage in India in 2024

Sep 27

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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