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    India Considers Expanding Tax Refund Scheme

    Nov. 23 – The Indian government is deliberating whether to expand the current coverage of its tax refund scheme to include export industries that have been severely affected by the global slowdown. This could help alleviate hard hit export manufacturers like gold jewelery, glass art ware and handicrafts and to help them maintain competitiveness. A[…..]

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    India to Push for Development of Solar Power Industry

    Nov. 20 – India is taking a more aggressive stance in developing its solar-power industry by offering more subsidies for the production of renewable energy. The Ministry of New and Renewable Energy is scheduled to release a solar-power policy soon with details that will allow more solar projects to receive government funding. Ministry director, B.[…..]

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    New Issue of India Briefing: Investing in India’s Public-Private Partnerships

    Nov. 19 – The new issue of India Briefing Magazine is online and can be downloaded by subscribers for free. (To apply for a complimentary subscription, please click here). In this issue of India Briefing we examine India’s public-private partnerships. The Indian economy demands massive investment in infrastructure to sustain the country’s growth. To accomplish[…..]

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    India to Consider Importing Rice from Thailand,Vietnam

    Nov. 19 – India is considering importing rice from Thailand and Vietnam to supplement the low kharif crop despite currently having surplus grains. This will be the first time in two decades that India will need to import rice to meet its own needs. The kharif rice crop is forecast to be low this year[…..]

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    Pranav Mistry Shows Off ‘SixthSense’ Technology

    Nov. 18 – Pranav Mistry, India’s IT wunderkind, demonstrated his “SixthSense” technology at the TED India conference this year. In a presentation to a packed house (video after the break), Mistry showed off tools that allow the physical world to interact with the digital one, including a paper “laptop” and a virtual camera. It’s a[…..]

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    Eleven Percent Tax Rate Suggested for Software and BPO Services

    Nov. 18 – Accounting consultancy firm, Deloitte has suggested in a white paper that overseas software and BPO services companies should be allowed to pay tax on a presumed rate of profit on inter-company transactions. Deloitte advises an 11 to 13 percent rate over costs for both software and BPO services. If adopted, the introduction[…..]

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    Enam: India a US$2 Trillion Economy in Five Years

    Nov. 17 – According to an  Enam Securities report India’s GDP is “likely to grow at (an) average 12 percent in nominal terms. Hence, India will be a US$2-trillion economy by 2014-15.” The research report called “India Strategy,” led by research head, Nandan Chakraborty, and economist Sachchidanand Shukla said that India’s growth will be led[…..]

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    India is Top Source of International Students to the United States

    Nov. 17 – India has maintained its position as the top source of international students to America for the eighth consecutive year, with a record 103,260 students enrolled in various U.S. universities for the year 2008-09. According to the Open Doors report, released today by the Institute of International Education (IIE) with support from the[…..]