IT/ITES in Karnataka Get Labor Law Exemption for Five More Years

Human Resources & Payroll

Companies in the IT/ITES sector and knowledge industries in Karnataka will be exempted from provisions of the Industrial Employment (Standing Orders) Act till June 10, 2029.

Industries

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

India's market for global capability centers (GCCs), also known as global in-house captives or GICs, is thriving, with a projected CAGR of 14 percent for the period from 2023 to 2030. We discuss India's key appeal.

Human Resources & Payroll

Recruiting in India: Key Considerations for Foreign Companies

This article explores key insights for recruiting in India and offers cost-effective strategies for international firms.

Human Resources & Payroll

Annual Compliance for Employers in India Under Prevention of Sexual Harassment (POSH) Legislation

India's Prevention of Sexual Harassment (POSH) Act and its corresponding Rules require a mandatory annual report to be submitted by the employer to the District Officer and is also part of reporting obligations to the Registrar of Companies.

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Economy & Trade

Economy & Trade

India to Propel South Asia as Fastest Growing Region: World Bank

Jun 13

According to the latest projection of the World Bank, India's GDP is expected to grow at an average annual rate of 6.7% from 2024 to 2026.

  • India-Qatar Investment and Trade Relations

    Economy & Trade Jun 13

    India is keen to attract greater investments from Qatar, tapping its sovereign wealth fund - QIA - for funding opportunities in the energy supply chain as well as across agriculture, startups, education, and renewables sectors.

  • Ministerial Roles in Modi's New Cabinet: Full List and Key Assignments

    Economy & Trade Jun 11

    BJP leader Narendra Modi has become India’s Prime Minister for a third straight term under the NDA alliance, and has announced his new ministerial council. We list all the allotted portfolios, discuss formation of the new cabinet, and note the regional representation in the NDA 3.0.

  • In a Historic Feat, PM Modi Gets Third Consecutive Term but Opposition Slows BJP Juggernaut

    Economy & Trade Jun 06

    After the 2024 elections, the BJP-led NDA is set to form a coalition government with Narendra Modi as Prime Minister for a third term, We analyze the election results, focusing on the performances of key political parties, and the implications for the Indian economy.

  • India's Electronics Exports to Hit US$61 Billion by 2030

    Economy & Trade Jun 03

    Electronics exports from India is growing rapidly owing to increased import interest shown by U.S. and UAE markets, among others. We discuss factors shaping this trend and challenges that could dent India's export ambitions.

 

Tax & Accounting

Tax & Accounting

Double Taxation Avoidance Agreements (DTAAs) and Your India Investment Strategy

May 17

India has double taxation avoidance agreements (DTAAs) in place with over 90 countries, with certain tax treaties offering lower withholding tax (WHT) rates on certain types of income. This article examines how DTAAs can impact foreign firms and their India investment strategy.

 

Legal & Regulatory

Legal & Regulatory

Shops and Establishment Acts in India: An Explainer

Jun 08

The Shops and Establishment Acts in India are state and union territory-specific laws governing labor service conditions in shops and commercial establishments, excluding factories, and require mandatory compliance within their respective jurisdictions.

Industries

Industries

India’s Technology Spending to Reach US$54.5 Billion in 2024: Report

Jun 18

India's technology spending is expected to reach approximately US$54.5 billion in in 2024, outpacing other Asia Pacific regions.

 

HR & Payroll

HR & Payroll

IT/ITES in Karnataka Get Labor Law Exemption for Five More Years

Jun 17

Companies in the IT/ITES sector and knowledge industries in Karnataka will be exempted from provisions of the Industrial Employment (Standing Orders) Act till June 10, 2029.

 

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