India Regulatory Brief: Central Bank Raises ATM Withdrawal Limits and India, Singapore amend Tax Treaty
In this week’s Regulatory Brief, we look at increased withdrawal limits at ATMs, an amended tax treaty between India and Singapore and a credit scheme for small, medium and micro enterprises.
India Regulatory Brief: India Offers Tariff Reduction on China Goods and Telecom Imports to Be Screened from April 2017
In this week’s Regulatory Brief, we look at India’s latest trade concessions vis-a-vis China and ASEAN in the ongoing RCEP negotiations, the Indian government’s decision to start local inspection of telecom component imports from April 2017, and the Action 14 (BEPS Project) reform undertaken by India’s Ministry of Finance.
Bill on India’s Ports Approved
India’s government just approved the Major Port Authorities Bill, 2016, which is expected to transform the development and functionality of the country’s ports and boost investments into the shipping industry. Learn about how the government plans to make India’s major ports efficient and use them to grow the country’s economy.
India Regulatory Brief: New Income Tax Rules to Track Cash Post Demonetization and India, Qatar Sign Cooperative Pacts
In this week’s Regulatory Brief, we track the amendments to the income tax rules requiring reporting of cash deposits from November 9 to December 30, the government’s announcement of no tax on gold purchased out of legal income, and the cooperative pacts signed between India and Qatar.
SPICe – Company Incorporation in India
The Ministry of Corporate Affairs (MCA) recently announced new rules that will simplify and speed up the process for incorporating companies in India, branded as SPICe or Simplified Proforma for Incorporating Company Electronically. This article examines the new forms and their requirements.
India Regulatory Brief: High-Value Rupee Demonetization Updates and Government Slashes Prices of Life-Saving Drugs
In this week’s Regulatory Brief, we look at the latest steps taken by the Indian government to manage the implementation of the 500 and 1000 Rupee demonetization, the move by the DIPP to establish an ease of doing business tracking system in all government departments, and reductions in the prices of life-saving drugs in India.
Indian Government Bans 500, 1000 Currency Denominations to Curb Black Money
India’s government introduced a ban on 500 and 1000 rupee currency denominations overnight in a bid to curb black money and fight tax evaders. Read on to learn more about the latest development which is expected to have a significant impact on the economy.
India Regulatory Brief: Multi-tier GST Structure Finalized and Gujarat Only State to Operationalize the Real Estate Act
In this week’s Regulatory Brief, we highlight the multi-tiered Goods and Services Tax (GST) structure proposed for goods segments, the Model Rules to the Real Estate Act of 2016 that only Gujarat has so far ratified despite passing the October 31 deadline, and an expected policy regulating e-pharmacies in India.