Other Briefings
New Asia Briefing Summer Special Out Now
Jul. 30 – Business reading for the beach….here at Asia Briefing (proud owner of the various Briefing brands), we’ve given in to the heat of summer, put on our swim shorts and are providing our readers with a complimentary summer annual to download especially for August. Our first Asia Briefing summer special has arrived. What’s […]
India GST: Indian States Request Central States Tax to Remain
Jul. 29 – Indian states are proposing that Central States Tax (CST) still be applicable when the pending Goods and Services Tax (GST) is implemented. The local government wants the CST to remain in the first few years of India’s GST application as a way of ensuring revenue for them. The union government recently recommended […]
India Clears FDI Proposals Worth US$479.5 Million
Jul. 28 – India has cleared 18 foreign direct investment proposals amounting to US$479.5 million with the largest investment going to the broadcasting industry. Transcend Infrastructure Ltd., the wholly-owned Indian subsidiary of American Tower Corporation, is set to invest US$412.51 million to build communication and broadcasting towers, then lease to the broadcasting sectors. Transcend Infrastructure […]
India Considers Easing Approval for FDI-Funded Investments
Jul. 27 – The Finance Ministry and the Department of Industrial Policy and Promotion is considering allowing foreign funded Indian companies to invest in subsidiaries without needing prior approval. Currently, local companies with substantial foreign direct investment must obtain approval from the Foreign Investment Promotion Board (FIPB). Most likely the pre-approval process will not be […]
Tobacco FDI Issue Referred to Reserve Bank India
Jul. 26 – The Department of Industrial Policy & Promotion (DIPP) has referred the notification issued in May that forbids foreign direct investment in tobacco manufacturing back to the Department of Economic Affairs (DEA) and the Reserve Bank of India. The RBI had requested that the DIPP check possible clauses that could prevent clandestine current […]
India Lowers Area Requirements for SEZs in Smaller Cities
Jul. 23 – India has decided to lower the minimum required area for establishing special economic zones for the IT, bio-tech, gems and jewelry industries in smaller cities around the country. “The built up area requirement for SEZs so far was too large to attract developers in small cities as investors wouldn’t want to put […]
Three Rate Structure Proposed for India’s Goods and Services Tax
Jul. 22 – A three-rate structure for the India Goods and Services Tax was proposed by Finance Minister Pranab Mukherjee yesterday as a way of streamlining implementation. Under his proposal, there will be a 20 percent levy on goods, 16 percent on services and 12 percent on essential items. The GST in India is scheduled […]
Six Things to Check When Filing Income Tax Returns
By Vikas Srivastava Jul. 21 – Following the Indian income tax law, filing tax returns is an annual mandatory procedure for all taxpayers in the country. This year, authorities have set the deadline for filing to Jul. 31 for the 2009-2010 financial year. Taxpayers tend to commit common mistakes while filing their returns that lead […]
