Other Briefings
December Inflation Rate Rises to 7.31 Percent
Jan. 15 – Food prices soared in December with the annual rate of inflation rising to 7.31 percent from 4.78 percent in November. According to the Commerce Ministry, prices of food articles increased by 19.17 percent while the index for primary articles was rose by 1.2 percent and prices of fuel, power, light and lubricants […]
India to Change Companies Act in Compliance with Accounting Standards
Jan. 14 – The government is planning to soon revise the Companies Act to make it easier for Indian accounting standards to merge with the International Financial Reporting Standards. The schedule-VI and XIV will be changed along with other standard accounting rules to facilitate convergence. The government wants to adopt an internationally accepted accounting standard […]
New Document to Streamline FDI Process
Jan. 13 – The government wants to release a single document that will streamline the foreign direct investment process by the end of March, reports The Press Trust of India. The document will come in a single consolidated press note that will replace the currently used 177 press notes and detail sectoral caps and how […]
Delhi Court Includes Chief Justice Office Under Information Act
Jan. 12 – The Delhi High Court will uphold its bench order that includes the office of the Chief Justice of India within the scope of the Right to Information (RTI) Act and requires judges to declare their assets. The bench made up of Chief Justice A.P. Shah and Justices S. Muralidhar and Vikramjeet Sen […]
Road Project to Upgrade Highways in 5 States
Jan. 12 – India has approved road projects worth a total of US$ 1.36 billion to upgrade highways in five states. The projects cover the six-laning of 435 kilometers in Rajasthan, Maharashtra and Gujarat and the four/six laning of 122.87 kilometer stretch on Maharashtra-Goa and Goa-Karnataka border.
Foreign Investors Begin First Trading Week in Positive Note
Jan. 12 – Foreign investors began the first week of stock market trading for the year on a positive note with US$ 816.69 million worth of investments. The Securities and Exchange Board of India reported that foreign institutional investors (FIIs) became gross buyers of shares amounting to US$ 3.03 billion while also selling equities worth […]
New National Manufacturing Policy Out by June
Jan. 11 – India will release a national manufacturing policy in June to attract more local and foreign investment in the sector. The Center will also be taking other initiatives along with states to promote manufacturing sector, Commerce and Industry Minister Anand Sharma said during the Economic Times Award function reports the Press Trust of […]
GST in India Implementation Delayed
Jan. 8 – The set April 1 deadline for the introduction of the new Goods and Services Tax (GST) is likely to be rescheduled government officials said yesterday. The mechanism for revenue sharing between the central government and the states have not been finalized yet in addition to the need for constitutional amendments for the […]
