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 […]
New Incentives Available for Outsourcing Companies in Rural Areas
Aug. 25 – A rural business process outsourcing (BPO) policy was announced last Wednesday by the Tamil Nadu government that would give economic incentives for BPOs opening in rural areas. “Tamil Nadu being a major Information and Communication Technology (ICT) Hub and with the ICT industry now expanding to Tier II, Tier III cities, and […]
Khed SEZ Granted Environmental Clearance
Aug. 24 – The Khed special economic zone in Pune district has been granted environmental clearance in Maharashtra state. The 7,192 hectare project is a joint venture between the second largest forging company in the world, Bharat Forge, and the Maharashtra Industrial Development Corporation to form the Khed Economic Infrastructure Private Limited (KEIPL). In a […]
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 to Sign Media Production Treaty with Canada in 2011
Aug. 17 – Canada and India are expected to sign a film and new media co-production treaty that will give India access to the North American market. The agreement will be formalized at the 12th International Indian Film Academy Awards in Toronto next year. “At some point this fiscal, we are expecting our office to […]
