Other Briefings
Record Turnover for India’s Auto Component Industry: Details Here
India’s automotive component industry reached a record turnover of INR 6.14 trillion (US$73.1 billion) in FY 2023-24. The government has identified 28 key components for indigenization under its ‘localization roadmap’ to support the ‘Make in India’ initiative.
Eight National Highway Projects Sanctioned, Expected to Boost India’s Connectivity
India has approved eight national high-speed road projects totaling 936 km, investing INR 506.55 billion (US$6.03 billion) to improve logistics efficiency and connectivity.
Capital Gains Tax in India: An Explainer
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.
Tax Dispute Resolution Scheme for Contractors in Government Procurement in India
The Vivad se Vishwas, or VsV scheme, aims to reduce tax litigation in India by offering a simple, efficient mechanism for taxpayers to settle their disputes with tax authorities.
Effectiveness of Advance Pricing Agreements in India’s Complex Transfer Pricing Environment
We discuss India’s advance pricing agreement (APA) program, their sector-wise distribution, and usefulness amid a complex transfer pricing regime.
India’s Telecom Sector: Market Outlook and Regulatory Landscape
With a subscriber base of 1.20 billion, India’s telecom sector benefits from having the world’s second largest market, besides government support for technological innovation, infrastructure development, and equipment manufacturing.
Toyota Proposes Greenfield Investment in Maharashtra, Part of Diversification Strategy in India
Toyota Kirloskar Motor (TKM) plans to set up a new manufacturing plant in Maharashtra, marking a key step in expanding its presence in India.
Customs Duty in India: Rate Changes Under Union Budget 2024 to Boost Local Manufacturing
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman proposed reducing or removing customs duties on various items and announced a comprehensive review of the customs duty rate structure to simplify trade.
