Featured

India Deepens Bilateral Cooperation with Israel

Posted on by

By Samuel Wrest

India’s relationship with Israel has once again been thrust into the spotlight. Last week, India’s Home Minister Rajnath Singh completed a two-day trip to the West Asian country to discuss defense and security ties, whilst on November 6 former Israeli President Shimon Peres met with Indian Prime Minister Narendra Modi to advance cooperation in trade and technology.

These two trips followed Narendra Modi’s meeting with his Israeli counterpart Benjamin Netanyahu in September at the United Nations General Assembly, and the three events have now been widely interpreted as affirmation of stronger bilateral links between India and Israel.

Continue reading…

India Announces 2015 Holiday Schedule

Posted on by

DELHI – The Indian government has recently released its holiday schedule for 2015. The schedule differs in several instances to 2014’s calendar, with a number of restricted holidays changing status to become gazetted (public) holidays, and vice-versa.

Understanding India’s holiday system is important for both domestic and foreign firms operating in the country. Businesses in India must allow their employees to have gazetted holidays off, whilst an employee is legally allowed to choose two days from the year’s list of restricted holidays.

Continue reading…

Is India’s E-Commerce Industry Too Regulated for Foreign Investment?

Posted on by

By Samuel Wrest

India’s e-commerce industry has received praise and condemnation in equal measures this week. Foreign spending, spearheaded by Japanese firm Softbank’s US $627 million investment in SnapDeal, has led experts to predict that the sector’s shares and market size will soon see a massive hike, but the news has been offset by heavy criticism of the way in which the Indian government regulates the industry.

E-commerce giant Amazon, despite increasing its sales in India by 50.2 percent in the year ending 31 March, has publically stated that confusing and difficult-to-navigate laws are negatively impacting the company’s operation in the country.  The firm even hinted that, should the government not improve the ease of conducting its particular brand of business there, it may influence Amazon’s future presence in the Indian market.

Continue reading…

India Challenges China with Border Road

Posted on by

Op-Ed Commentary by: Benedict Lynn

Chinese authorities this month expressed concern when the Indian government unveiled plans to build a mountain road along the disputed Himalayan border shared by the two countries. This is the latest spat in the decades-long disagreement over the border’s demarcation, which included an armed conflict in 1962. In the face of ever strengthening business cooperation, a lingering mutual mistrust is now once again resurfacing.

A string of official visits, investment initiatives and MoUs indicate a genuine desire from both sides to improve bilateral relations, suggesting the new road is merely a necessary means of bringing much needed greater connectivity to India’s far-flung North-eastern states. However, an increasing number of border transgressions from China paint a markedly different picture; that of two rapidly growing superpowers testing each other as they vie for regional and, ultimately, global influence.

Continue reading…

The Future Outlook of India’s FDI Caps

Posted on by

By Samuel Wrest

Earlier this month, reports emerged that foreign direct investment (FDI) into India had fallen by 10 percent over the previous year, representing the lowest figures for the past eight months. Whilst other industries were making advances– such as foreign inflows, which saw growth of more than 40 percent over last year – the foreign investment figures came as a blow to the Indian government, who have made greater FDI a key focus area of policy.

However, new FDI caps that are due to soon come into effect may change the future outlook for India’s foreign investment rates.

Continue reading…

A Guide to India’s Special Economic Zones

Posted on by

By Samuel Wrest

India’s special economic zones (SEZs) are certain localities which offer tax and other incentives to their resident businesses. Although India’s SEZs are relatively new, they now form a significant part of its appeal as both a sourcing and manufacturing destination. In this article, we examine how these zones function and highlight some of the key information relevant for companies considering setting up in an Indian SEZ.

Continue reading…

India’s Coal Industry Moves Towards Privatization Amidst Trade Union Protests

Posted on by

DELHI – The Indian government on Monday approved a decree that will denationalize its coal mining industry and open it up to privatization, drawing equal amounts of praise and criticism from various quarters.

India’s coal industry forms an integral part of its energy sector, generating more than half of the country’s power supply every year. Although no specific date has been given on when the privatization process will begin, mines owned by some of India’s most well-known companies , such as Power Ltd and Jindal Steel, will eventually have to go up for sale. Commercial mining will be permitted, and an electronic auction for the mines will likely take place before the end of the current year.

Continue reading…

Understanding Income Tax Returns in India

Posted on by

By Samuel Wrest

Early last month, the Indian Central Board of Direct Taxes (CBDT) extended the deadline for furnishing a tax audit report to November 30. The move was met with a great deal of confusion by tax practitioners in India, who were quick to point out that, in most cases, the tax audit report must be completed before an income tax return – the deadline for which remained fixed at September 30.

As a result, a number of high courts in several key Indian states, such as Gujarat, Chennai and Bombay, have ordered an extension of income tax returns to November 30 in order to have it coincide with the tax audit report deadline.

In this article, we highlight some of the key steps necessary for income tax returns, both for people wishing to meet the new November 30 deadline and as a general guide.

Continue reading…

Asia Briefing Bookstore Catalogue 2013 Dezan Shira & Associates
Scroll to top
Social Buttons by Linksku