Other Briefings
Indian Business Delegation Visits Indonesia, Seeks to Expand Ties
Aug. 27 – The Federation of Indian Chambers of Commerce and Industry (FICCI) and an Indian business delegation comprised of top executives commenced a mission trip to Jakarta, Indonesia earlier this week in an effort to further expand and develop business ties and look for potential new industries. The delegation is comprised of high-profile business […]
RBI Raises FDI Cap in Asset Reconstruction Companies
Aug. 20 – The Reserve Bank of India (RBI) has notified the decision by the Central Government to increase the FDI cap in asset reconstruction companies (ARCs) from 49 percent to 74 percent. This will be subject to the condition that a sponsor may hold no more than 50 percent of the shareholding in an […]
India’s Special Economic Zones & Tax Incentives
India has a number of SEZs located around its coastline, including Gujarat (Northwest), Mumbai (West coast), Noida (Delhi), Kolkata (Bay of Bengal), Chennai (East Coast) and Visakhapatnam (Southeast Coast). All of these are sited close to significant ports with excellent shipping and rail infrastructure.
India to Reform Limited Liability Partnerships
Jul. 30 – The Indian Department of Industrial Policy & Promotion (DIPP), by way of a note it first issued last May, has requested that the Reserve Bank of India (RBI) urgently notify them of their proposed financial guidelines regarding the permittance of foreign-invested limited liability partnerships (LLPs) in the country. To date, the Indian […]
India to Raise Import Taxes on Luxury Items
India will increase import duties on a number of luxury items, including automobiles, televisions, high-end mobile phones, tablets, laptops and exotic foods. The increases are targeted at imported consumer goods that add no manufacturing or FDI value to the country.
New Issue of Asia Briefing: An Introduction to Tax Treaties Throughout Asia
In this issue of Asia Briefing Magazine, we look at the various types of trade and tax treaties that exist between Asian nations. These include bilateral investment treaties and also the meatier double tax treaties and free trade agreements that directly affect businesses operating in Asia.
India Launches Right-to-Food Program Among Other Subsidies
Jul. 9 – Last week, the Indian government approved an ambitious 1.2 trillion rupee (US$22 billion) food security program to guarantee cheap food grains for nearly 800 million citizens. The program, which is called the “Right-to-Food” program, will entitle nearly 70 percent of India’s 1.2 billion population to obtain five kilograms of wheat or rice […]
U.S. and India Clash over IP in the Pharmaceutical Industry
By Nathan Barlow Jul. 4 – The Indian Supreme Court’s rejection of U.S.-based Novartis AG’s patent request for a new cancer drug has caused uproar in the American pharmaceutical community, with the ruling coming at a time when many other foreign pharmaceutical companies are experiencing patent challenges in India. In sum, Indian patent laws do […]
