Other Briefings
Foreign Investment Board Allowed to Approve FDI Worth Up to US$258.7 Million
Feb. 15 – India’s Foreign Investment Promotion Board (FIPB) is now allowed to approve foreign direct investment proposals worth as much as US$258.7 million. This is a major procedural change and will streamline the FDI process and lessen the burden for Cabinet Committee of Economic Affairs (CCEA); the agency previously required to approve proposals amounting […]
New Companies Bill to Be Approved During Monsoon Session
Feb. 12 – India’s new Companies Bill is expected to be approved during Parliament’s monsoon session. The new bill will replace the current Companies Act that has been in place since 1952. Corporate secretary R. Bandyopadhay told Press Trust of India: “With the speed at which the parliamentary standing committee is proceeding with the discussions, […]
India to Continue Special Economic Zones Tax Benefits
Feb. 10 – The government is expected to formally clarify that special economic zones (SEZs) will continue to maintain its specific tax benefits even after the implementation of the new direct taxes code. India’s Commerce Department has been calling for the clarification on SEZ tax to assure investors that tax benefits will still be applicable […]
Business Visa Norms May be Revised for IT Industry
Feb. 5 – Business visa rules that prohibit foreigners from working in the country may be relaxed to adjust to the needs of the IT industry. Indian visa rules became stricter last year to clamp down on the thousands high and low-skilled Chinese workers illegally working in the country on power and steel projects using […]
Government to Ease FDI Approval Process
Jan. 22 – India is considering relaxing norms for foreign direct investment to require that only projects worth about US$217 million to US$326 million will need final approval from the Cabinet Committee on Economic Affairs (CCEA). Currently, projects worth more than US$130 million need to cleared with the Finance Minister, the Foreign Investment Promotion Board […]
New Document to Streamline FDI Process
Jan. 13 – The government wants to release a single document that will streamline the foreign direct investment process by the end of March, reports The Press Trust of India. The document will come in a single consolidated press note that will replace the currently used 177 press notes and detail sectoral caps and how […]
Delhi Court Includes Chief Justice Office Under Information Act
Jan. 12 – The Delhi High Court will uphold its bench order that includes the office of the Chief Justice of India within the scope of the Right to Information (RTI) Act and requires judges to declare their assets. The bench made up of Chief Justice A.P. Shah and Justices S. Muralidhar and Vikramjeet Sen […]
Andhra Pradesh Government Assembly Adjourned, MP Arrested
Dec. 14 – The Andhra Pradesh assembly in Hyderabad was adjourned indefinitely or sine die following pandemonium after it began for the day’s proceedings this morning amidst chaos and slogan shouting by local MP’s favoring a unified Andhra Pradesh. Congress MP for Vijayawada, L. Rajagopal was arrested at the Hyderabad airport after he landed to […]
