India Starts to Use Chinese Yuan to Pay for Russian Oil
Indian refiners now use China’s RMB Yuan, moving away from US dollars, to pay for some Russian oil imports, showcasing India’s pragmatic approach to energy needs and embracing a preferred currency basket including the Yuan, Ruble, and Dirham.
Selling to the Indian Market – New Issue of India Briefing Magazine Out Now
Selling to the Indian Market requires foreign companies to adopt a multifaceted approach that factors both specific business objectives and local sensitivities. Our magazine covers some of the do’s and don’ts in this market and discusses the attractive prospects for investing in India’s retail industry.
Digital India Bill 2023: Key Provisions, Stakeholder Perspectives
We discuss the key provisions of the Digital India Bill 2023, set to replace India’s existing Information Technology Act of 2000, and the concerns of industry stakeholders. Various media reports indicate the Bill will soon be circulated for public feedback.
PM Modi’s Official Visit to the US: Technology Cooperation, Clean Energy Transition, and Strategic Goals
We discuss the shifts in priorities in the India-US partnership that is now focused on technology cooperation, de-risking supply chains, and strategic goals.
Maximizing Business Growth in India with PEOs as Strategic HR Partners
Businesses in India can leverage the expertise and resources of a PEO to streamline HR operations, ensure employment law compliance, access enhanced benefits packages, and prioritize growth and innovation.
Taxation of India’s Outbound Remittances: LRS Scheme and Increased Tax Rate from October 1
Effective October 1, 2023, the Indian government has increased the tax on outbound remittances from 5% to 20% – with certain exceptions.
Applying for a Personal Loan in India: Why Use an EMI Calculator
A personal loan EMI calculator helps to compute the monthly installments and obtain a personal loan that is aligned with the person’s budget and finances.
An Introduction to Doing Business in India 2023 for EU Businesses – New Publication from Dezan Shira & Associates
This guide covers key market entry considerations, tax, HR, and reporting compliances besides offering an overview of sector opportunities and growth drivers for EU SMEs and business partnerships in India.