Other Briefings
IMF Issues Favorable Growth Report in India
The International Monetary Fund has announced that it expects India will see a growth rate of 5.4 percent for 2014 and 6.4 percent for 2015. This is an increase over the 4.4 percent growth registered in 2013.
World Bank Predicts 6 Percent Growth in India for Fiscal Year 2014
The World Bank’s Global Economic Prospects report, released last week, projects India’s growth rate to be 6.2 percent for the fiscal year 2014. This is a vast improvement from India’s weak estimated 2013 growth rate of 4.8 percent. The dismal 2013 rate represents an 11-year low, slipping below even 2012’s rate of 5.0 percent.
India Proposes New National Offshore Wind Energy Agency
The Ministry of New and Renewable Energy (MNRE) announced plans this month to establish a National Offshore Wind Energy Agency, which will be tasked with exploring and promoting India’s vast potential for offshore wind energy production.
Unusual Answers for India’s FDI Pharma Policy
The Indian government has faced increasing pressure from opposing lobbies to provide clarity on issues affecting FDI in the pharma industry. The solution might lie in some unlikely places, like the public sector or public distribution mechanism.
India in Talks with Mauritius and Cyprus to Prevent Tax Base Erosion
India is currently revisiting its double tax avoidance agreements (DTAAs) with both Mauritius and Cyprus as it takes measures to protect its tax base. The two tax havens are India’s largest and seventh-largest sources of FDI inflows, respectively, together comprising almost 45 percent of India’s FDI in 2013 (around US$10 billion in the financial year ended March 2013).
India Signs MoU to Boost Efficiency for Exporters in India
Jan. 10 – The Director General of Foreign Trade and the Enforcement Directorate signed a memorandum of understanding this week to allow for the sharing of foreign exchange realization data between exporters and relevant governmental departments in India. The new MoU will make mandatory the sharing of foreign exchange realization data through the e-BRC (Electronic […]
India May Soon Liberalize FDI in E-commerce, Railways and Construction
Jan 6. – After foreign direct investments (FDI) into India slowed considerably in the April-November period of the current fiscal year, Prime Minister Manmohan Singh pledged India would push through further reforms to ensure a “hospitable” environment for FDI.
U.S. and India Team Up to Tackle Cybercrime
Dec. 24 – Despite a recent diplomatic spat between the two countries, India and the United States will soon increase joint efforts to check cybercrime via a new cooperation portal. During a two-day bilateral conference between top American and Indian police chiefs in New Delhi, India proposed the creation of a joint portal called the […]
