India’s New Tax Compliance Law Impacting MSMEs: Section 43B(h) Explained
We discuss why specified companies could face higher taxable incomes under section 43B(h) of the Income-tax Act, 1961, due to delayed payments to MSME suppliers.
Emerging Technologies Supporting Your India Retail Strategy: Location Analytics
We discuss how technology-enabled tools are allowing retailers to optimize their India market strategy using location analytics.
Increasing Private Sector Participation Vital for India’s Infrastructure Sector
With a focus on infrastructure modernization, India has raised the FY 2024-25 budget outlay to INR 11.11 billion. However, to achieve its goal of becoming a US$7 trillion economy by 2030, greater private sector participation in the infrastructure sector will be essential.
Ongoing Red Sea Crisis Compels Global Shipping to Find New Routes
Amidst indiscriminate attacks by Houthi rebels on the Red Sea, we discuss how a new land corridor in the Middle East is being used to transport cargo and assess its long-term viability.
India-EFTA Close to Finalizing a Free Trade Agreement
Reports have emerged that India and the European Free Trade Association (EFTA) have come to an understanding regarding the Trade and Economic Partnership Agreement (TEPA), which has been under discussion since 2008.
Understanding Accelerated Depreciation of Solar Power Assets in India
Accelerated depreciation is a crucial driver of investments in the adoption of solar power in India, offering commercial and industrial consumers faster depreciation on solar power plant investments than traditional plants and machinery.
EV Sector in India: Production Capacity, Government Targets, and Market Performance
In this market brief, we discuss consumer purchasing trends in the automotive market and India’s steadily expanding EV production capacity. We spotlight top industry players and their manufacturing bases, as well as govt. incentives and targets to 2030.
Interim Budget Rounds Up Key Tax Reforms, Makes Case for Modi Re-Election
Finance Minister Nirmala Sitharaman rounded up the government’s recent tax measures in her 2024 interim budget, with no new changes to the tax regime, in a marked departure from 2019. We list some of the highlighted policy achievements in this brief and note a few extensions.