Other Briefings
Rules on FDI in Retail Changed
Sept. 30 – Authorities have revised rules on goods sourced from foreign investment-funded wholesale ventures by doing away with the restriction that goods can only be used internally. The current limit on such sales will still apply though, restricting such transactions to only up to 25 percent of the total sales of the wholesale company.
India to Revise Law on Global Audit Firm Accountability
Sept. 29 – The government is considering amending the laws to hold multinational audit firms accountable for negligence done by their affiliates in the country. “You (the global network) can’t say that you are not responsible,” said Corporate Affairs Minister Salman Khurshid. “If an associate firm does something wrong… will the liability rest with the […]
New Issue of India Briefing Magazine: An Expatriate Manager’s Introduction to India
Sept. 28 – The new issue of India Briefing Magazine is now online and available for PDF download at the Asia Briefing Bookstore. In this issue of India Briefing, we provide an expatriate manager’s introduction to India. From key country facts and figures to cultural and communication issues, we take a look at one of […]
Business Group Recommends Changes to FDI Real Estate Rules
Sept. 16 – India should revise its regulations on foreign direct investment in the real estate sector to liberalize the industry and streamline the approval process for projects according to a study by the Federation of Indian Chambers of Commerce and Industry and Ernst & Young. The study, scheduled for release today, also recommended that […]
New FDI Rules for Joint Ventures Proposed
Sept. 14 – Indian authorities are reconsidering rules on foreign direct investment for joint ventures in an effort to increase the inflow of new investment in the country. Currently, foreign investors who entered joint ventures in India before January 12, 2005 are required to seek prior government approval and prove that the new infusion of […]
India to Sign FTAs with Malaysia, Japan
Sept. 8 – India is expected to formally sign free trade agreements with Japan and Malaysia by the end of the year. India’s Prime Minister Manmohan Singh is slated to be in the countries in October. “I am reasonably confident that we will sign the deal with Japan and Malaysia before the end of this […]
India to Monitor Internet, Telecom User Data
Sept. 3 – Indian authorities are requiring communication service companies like Google and Skype to allow access to user data within two months as part of government efforts to tighten security. The news comes after authorities threatened to ban Blackberry use in India if Research In Motion did not give them the ability to monitor […]
India, Switzerland Agree to Change Tax Pact
Sept. 1 – Switzerland and India have agreed to make changes to their double taxation agreement (DTA). The revisions will allow Indian authorities more access to specific information that will serve to cut down tax evasion. “The revised DTA contains provisions on the exchange of information in accordance with the Organization for Economic Cooperation and […]
