India's Union Budget 2024-25: Key Announcements

Economy & Trade

India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.

Legal & Regulatory

Andhra Pradesh Reignites Amaravati Capital City Ambition

The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana's bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.

Economy & Trade

India's State-wise Merchandise Export Performance in FY 2023-24

We discuss the changes in merchandise exports from India's states in FY 2023-24, focusing on their key export items and the dynamics of global trade.

Economy & Trade

Investing in Bihar, India: A State Profile

The Bihar government has designated the food processing, IT and IT-enabled services (ITES), and textiles and leather sectors as high-priority, among others, and is offering key incentives to attract large investors.

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India Briefing

Economy & Trade

Economy & Trade

India's Union Budget 2024-25: Key Announcements

Jul 24

India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.

 

Tax & Accounting

Tax & Accounting

India to Abolish 2% Equalisation Levy on Non-Resident Digital Companies from August 1, 2024

Jul 24

India will abolish the 2 percent equalization levy on a broad range of services provided by offshore technology firms from August 1, 2024.

  • India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions

    Tax & Accounting Jul 01

    India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.

  • GST Council's 53rd Meeting: Key Recommendations

    Tax & Accounting Jun 26

    The 53rd GST Council meeting held on June 22, 2024 recommended several measures to lessen the tax and legal burdens on taxpayers in India and facilitate trade. These recommendations will be implemented once the relevant circulars, notifications, or law amendments are issued, which will have legal force.

  • Guide to Business Income Tax Return Filing in India

    Tax & Accounting Jun 24

    India Briefing provides information on business ITR filing in India, with the deadline for filing individual returns being July 31, 2024.

  • Double Taxation Avoidance Agreements (DTAAs) and Your India Investment Strategy

    Tax & Accounting May 17

    India has double taxation avoidance agreements (DTAAs) in place with over 90 countries, with certain tax treaties offering lower withholding tax (WHT) rates on certain types of income. This article examines how DTAAs can impact foreign firms and their India investment strategy.

 

Legal & Regulatory

Legal & Regulatory

MCA Steps Up Enforcement Against Non-Compliant Companies in India

Jul 11

The Registrars of Companies (RoCs), part of India's Ministry of Corporate Affairs (MCA), have ramped up enforcement, issuing 321 orders for alleged Companies Act violations in the June quarter.

  • White Goods Manufacturing in India: PLI Scheme Reopened from July 15 to October 12, 2024

    Legal & Regulatory Jul 09

    Both new applicants and existing beneficiaries of the PLI Scheme for White Goods (PLIWG) seeking to invest more by moving to a higher target segment, as well as their group companies applying under a different target segment, will be eligible to apply, provided they meet the eligibility conditions.

  • Modi Government Reconstitutes Cabinet Committees After 2024 Elections

    Legal & Regulatory Jul 08

    Following the 2024 general elections, Prime Minister Narendra Modi’s new government has announced eight cabinet committees, with members appointed from key NDA coalition partners. We list the new cabinet panel members and discuss the significance of the new political appointees.

  • Andhra Pradesh Reignites Amaravati Capital City Ambition

    Legal & Regulatory Jul 03

    The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana's bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.

  • India's BIS Introduces Two New EV Safety Standards

    Legal & Regulatory Jun 24

    The Bureau of Indian Standard (BIS) has announced two new quality standards to improve performance and safety of EVs in various categories.

Industries

Industries

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

Jul 18

India's market for global capability centers (GCCs), also known as global in-house captives or GICs, is thriving, with a projected CAGR of 14 percent for the period from 2023 to 2030. We discuss India's key appeal.

 

HR & Payroll

HR & Payroll

India to Expedite Visa Process for Chinese Technicians Amid Industrial Concerns

Jul 19

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

 

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