Other Briefings
FDI in Sensitive Sectors to be Scrutinized
Mar. 16 – India is considering draft rules that will allow authorities to implement extra scrutiny on foreign direct investment projects approved on the automatic route and included in the list of sensitive sectors. The Ministry of Home Affairs has been tasked to compile a list of sensitive sectors where FDI will be subject to […]
India’s Education Industry Opens to Foreign Universities
Mar. 16 – India may soon be the next major market for the global education industry as a proposal to allow foreign universities to open branches in the country was approved by cabinet. When the Foreign Education Providers (Regulatory) Bill is finally made into law by parliament, foreign universities will be able to enter the […]
New Issue of India Briefing Magazine: Setting Up in India
Mar. 11 – In the new issue of India Briefing, we take a look at setting up liaison offices, project offices, Branch offices and private limited companies in India. Investment into India is booming. Following the reelection of the Congress Party to power in 2009, the country is reaping the benefits of the market reforms […]
Establishing Liaison Offices in India
Mar. 5 – There are several options available to the foreign investor when it comes to establishing a Representative style office in India. Listed below are three separate scenarios, which are dependent upon the type of business model you wish to run. Businesses looking at invoicing for services, import export or manufacturing in India are […]
Wider Scope for India’s Service Tax Proposed
Feb. 25 – India’s Central Board of Excise and Customs (CBEC) has proposed widening the scope for India’s service tax to include the entertainment business for the upcoming Union Budget 2010-11. Currently, entertainment is separately taxed by states and as a service tax by the central government with no prevailing uniformity on taxation since taxes […]
State Insurance Scheme to Raise Wage Ceiling
Feb. 23 – India’s Employee State Insurance Corporation has agreed to raise the wage ceiling from Rs10,000 (US$216) to Rs15,000 (Us$324) per month under the ESI Scheme. The social security scheme covers employees and their dependents during sickness, maternity, temporary or permanent physical disablement, death or injury during the time of employment.
Pre-Merger Consultation to be Available Soon
Feb. 18 – The Competition Commission of India (CCI) is considering a new scheme that will provide pre-merger consultation for companies mulling over potential mergers and acquisition. This will allow companies the opportunity to seek competition regulator’s views prior to filing proposals and cut down on approval times and delay that sometimes can take as […]
Reserve Bank of India Liberalizes Commercial Borrowings Policy
Feb. 16 – The Reserve Bank of India has liberalized the policy concerning commercial borrowings from overseas sources. The new policy makes the obtaining and changes in loans approvals process simpler and effectively decentralizes the process. Previously, applicants had to apply for approval from the RBI, and also complete documentation with the Department of Statistics […]
