Other Briefings
India Passes Pension Bill to Increase Foreign Investment
Sept. 5 – After nearly ten years of debates and negotiations, the Lok Sabha – India’s lower house of Parliament – finally cleared the long-awaited Pension Fund Regulatory and Development Authority (PFRDA) Bill today in a step towards creating a stronger pension industry and to attract additional foreign and private sector investments. The bill must […]
India to Set Up Tax Administration Reform Commission
Aug. 29 – On Monday, the Indian government set up its first Tax Administration Reform Commission, a seven-member panel that is to be chaired by well-known Indian economist Parthasarathi Shome. The Commission was created with the purpose to review India’s tax laws and make recommendations for the creation of a “stable and non-adversarial tax administration.” […]
India Drafts Safe Harbor Policy to Reduce Transfer Pricing Disputes
India’s Ministry of Finance has released a draft proposal with new rules governing the safe harbor policy for transfer pricing calculations, aiming to simplify and codify the country’s transfer pricing scheme
Indian Business Delegation Visits Indonesia, Seeks to Expand Ties
Aug. 27 – The Federation of Indian Chambers of Commerce and Industry (FICCI) and an Indian business delegation comprised of top executives commenced a mission trip to Jakarta, Indonesia earlier this week in an effort to further expand and develop business ties and look for potential new industries. The delegation is comprised of high-profile business […]
RBI Raises FDI Cap in Asset Reconstruction Companies
Aug. 20 – The Reserve Bank of India (RBI) has notified the decision by the Central Government to increase the FDI cap in asset reconstruction companies (ARCs) from 49 percent to 74 percent. This will be subject to the condition that a sponsor may hold no more than 50 percent of the shareholding in an […]
India’s Special Economic Zones & Tax Incentives
India has a number of SEZs located around its coastline, including Gujarat (Northwest), Mumbai (West coast), Noida (Delhi), Kolkata (Bay of Bengal), Chennai (East Coast) and Visakhapatnam (Southeast Coast). All of these are sited close to significant ports with excellent shipping and rail infrastructure.
India to Reform Limited Liability Partnerships
Jul. 30 – The Indian Department of Industrial Policy & Promotion (DIPP), by way of a note it first issued last May, has requested that the Reserve Bank of India (RBI) urgently notify them of their proposed financial guidelines regarding the permittance of foreign-invested limited liability partnerships (LLPs) in the country. To date, the Indian […]
India to Raise Import Taxes on Luxury Items
India will increase import duties on a number of luxury items, including automobiles, televisions, high-end mobile phones, tablets, laptops and exotic foods. The increases are targeted at imported consumer goods that add no manufacturing or FDI value to the country.
