Other Briefings
India Budget Cuts Designed to Spur Foreign Investment
Feb. 5 – India’s Finance Minister, Mr. P. Chidambaram, has announced sweeping budget cuts across numerous sectors to preserve the country’s credit rating and to encourage foreign investment. In further demonstration that the Indian government is now getting serious about introducing more business-friendly policies, Chidambaram has cut spending budgets in welfare, defense and road projects […]
Business Development Director Required – Delhi
Feb. 5 – A business development director is required to assist Dezan Shira & Associates‘ India practice develop and continue its long-term strategic plans for the country. The practice, which has 21 years of experience handling foreign direct investment into Asia, has been extant in India for six years and has a growing and diverse […]
India Launches First Government-to-Business Portal
Feb. 1 – This week, Minister for Commerce and Industry Anand Sharma launched India’s first ever Government-to-Business (G2B) online portal, called eBiz. This portal will provide a one-stop, round-the-clock platform for business and investment-related information and services in India. eBiz represents a key paradigm shift in the Indian government’s approach to providing services for investors. […]
India Cuts Interest Rates to Support Investment
Jan. 30 – In a move that hopes to kick-start India’s flagging economy, the Reserve Bank of India (RBI) has lowered the nation’s interest rates from 8 percent to 7.75 percent. This marked the first time since April of last year that rates have been reduced, and only the second time in the past four […]
India, EU Move to Strengthen Ties Amid FTA Negotiations
Jan. 24 – India and the European Union (EU) have been moving to strengthen their ties in both the execution of an India-EU Free Trade Agreement (FTA) and in facilitating trade between Indian and European small to medium-sized enterprises (SMEs). The EU-India FTA will be the world’s biggest trade pact, and will benefit 1.7 billion […]
Moody’s: India’s Rating Outlook Stable
Jan. 22 – International credit rating agency Moody’s reaffirmed India’s rating and scored India as a “Baa3,” which indicates investment grade with a stable outlook. This rating is equivalent to Standard and Poor’s (S&P) and Fitch’s “BBB(-)” rating. A downgrade would have pushed India into the so-called “junk” status, which would essentially mean that interest […]
India-ASEAN Services and Investments FTA Finalized
Jan. 18 – India and the Association of Southeast Asian Nations (ASEAN) finalized their anticipated free trade agreement (FTA) in services and investments on December 20, 2012 during the India-ASEAN Commemorative Summit in New Delhi, India. The move is likely to boost trade to US$100 billion by 2015. Trade between India and ASEAN presently stands […]
New Issue of Asia Briefing: Are You Ready for ASEAN 2015?
Jan. 14 – The first issue of Asia Briefing Magazine, titled Are you Ready for ASEAN 2015?, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore through the months of January and February 2013. Although both China and India have recently signed free trade agreements with […]
