Other Briefings
India and Pakistan Move to Liberalize Trade Ties
India’s Minister for Commerce and Industry will reportedly discuss a new roadmap for trade liberalization with the Pakistani Federal Minister for Commerce next month.
India Extends Excise Duty Cuts on Vehicles and Capital Goods
India’s Ministry of Finance has officially extended existing duty concessions on several items including vehicles, capital goods and consumer durables to December 31, 2014.
Key Aspects of India’s Corporate Social Responsibility Mandate Clarified
The Ministry of Corporate Affairs have released a new circular that clarifies certain aspects of India’s corporate social responsibility mandate, including guidelines for determining whether an event qualifies as a CSR expenditure.
India’s Tax Administration Reform Commission (TARC) Releases First Report
India’s Tax Administration Reform Commission (TARC) has submitted its first report suggesting a variety of changes to India’s tax administration framework. Constituted in August 2013, the TARC is charged with identifying key areas for improvement in India’s tax system.
India Reviewing Cyprus Tax Treaty to Reduce Withholding Tax Issues
India may soon revise its DTAA with Cyprus and restore a 10 percent withholding tax rate in light of recent progress in tax information sharing.
Promising Road Ahead for Indian Auto Industry
An increase in the number of car sales in India has prompted car manufacturers to line up new launches and raised hopes of a long-awaited turnaround for the industry.
Indian Wages Amongst Most Competitive in Manufacturing Asia
The development of an inexpensive and young labor pool in India will have profound implications for global manufacturing over the next two decades. Now is finally India’s chance to show that it too, like China, can be the workshop of the world and export “Made in India” labels around the globe.
New Indian Government Announces Economic Reforms to Induce Growth
Yesterday, India’s Minister of Finance, Arun Jaitley, announced the newly elected government’s general plans for addressing stagnant economic growth and mounting inflation.
