Other Briefings
India’s Component Warehousing Safe Harbor: A Competitive Tax Proposition for Global Manufacturers
India’s Budget 2026-27 introduces a 2 percent safe harbor for bonded component warehousing and a five-year tax exemption for non-resident suppliers, offering transfer pricing certainty and strengthening India’s role in global manufacturing supply chains.
After 10 Months of Tariff Deadlock, US and India Find Common Ground on Trade
The White House has revised its February 2026 factsheet on the interim India-US trade framework, softening procurement language from “committed” to “intends” regarding over US$500 billion in US goods.
Uttar Pradesh Updates Shops & Establishments Law: Check Applicability, Working Hours, and Compliance
The Indian state of Uttar Pradesh has overhauled its Shops and Commercial Establishments Act, expanding statewide applicability and modernizing employer compliance. The latest updates include threshold-based coverage, digital registration, revised working hours, and stronger enforcement for businesses operating in the state.
Madhya Pradesh Shops & Establishments Act Amendment: Digital Compliance Reforms and Employer Implications
The Madhya Pradesh Shops & Establishment Act, Second Amendment, enacted on December 15, 2025, brings digital registration, online inspections, real-time updates, and simplified compliance for employers operating in the state.
India’s Textile PLI Scheme: Extended Window till March 31
India has extended the application window for the Textile PLI Scheme to March 31, 2026. Businesses in the textile sector should act quickly to secure incentives for scaling production and strengthening export competitiveness.
India Unveils Draft Income Tax Rules, 2026 Ahead of April 1 Rollout
India’s tax administration has released the draft Income Tax Rules, 2026. The proposal streamlines the compliance framework, reducing it to 333 rules and 190 statutory forms. Public consultation remains open until February 22, 2026.
India Pitches Semiconductors, Clean Energy to Malaysian Capital During Modi Visit
Prime Minister Narendra Modi’s visit to Kuala Lumpur, Malaysia, signals India’s push to attract Malaysian capital into semiconductors, clean energy, digital payments, and advanced manufacturing.
One Central Registration: India’s Answer to Labor Compliance Complexity
India’s one central registration under the new labor codes streamlines employer registrations, licenses, and returns, while preserving statutory worker protections.
