Other Briefings
Cotton Exports Without License Allowed Starting October
Aug. 26 – The Indian government has decided to allow the export of cotton even without licenses beginning October 1 following a notification issued by the Directorate General of Foreign Trade. “Export duty on cotton has been removed and export will be allowed under the Open General License from October 1 onwards,” said Commerce Secretary […]
Sebi Issues New Rules for Stock Market Investors
Aug. 23 – The Security and Exchange Board of India (Sebi) has issued new rules to prevent money laundering in the stock market. Brokers will now require investors to provide documents detailing sources of income including tax returns, salary slips and bank account statements annually.
Clarifications on Work-Related Visas for Foreigners Issued
Aug. 20 –The Ministry of Home Affairs has released a new document on its web site clarifying work visa issues for foreigners. India provides two kinds of work-related visas: a business visa, also called a B visa, and an employment visa, also called an E visa. A multiple entry business visa can be granted for […]
Proposal Suggests FDI in Multi-Brand Retail by 2015
Aug. 19 – One of India’s top ranking business schools said in a report that the government should give local businesses five years to develop before opening multi-brand retail to foreign direct investment. The report made by Birla Institute of Management Technology (BIMTECH) said “…a breathing space of five years till 2015 should be given […]
New Regulations on Digital Signature Registration Released
Aug. 18 – India’s Income Tax Department has released new regulations on registering digital signatures for filing income tax returns effective beginning today. The department has made revisions on its Digital Signature Certificate (DSC) registration process. The authorized signatory for the DSC has the option to follow the existing procedure or the new procedure highlighted […]
India Plans to Streamline Arbitration Mechanism
Aug. 16 – India’s Securities and Exchange Board of India (Sebi) has instructed stock exchanges to ease the arbitration process for disputes involving a client and a member. Sebi is proposing that all exchanges must have their own panel of qualified arbitrators depending on the amount of disputes. An arbitrator must have experience in the […]
Authorities to Revise Export Procedures
Aug. 13 – Authorities are expected to simplify export procedures and issue new incentives to help exporters cope with lower global demand. The Commerce and Industry Ministry will issue the procedural changes to the policy that aims to cut down on costs and transaction time. “We are working out the allocations based on the funding […]
India to Resolve Stalled South Korean Steelmaker Project
Aug. 10 – Authorities have committed to help solve the stalled South Korean Posco project due to violations of the Forest Rights Act. The US$12 billion steel project located in eastern India’s Jagatsinghpur, Orissa is the largest foreign direct investment project made in the country to date. Work on the project was temporarily stopped after […]
