Other Briefings
Eleven Percent Tax Rate Suggested for Software and BPO Services
Nov. 18 – Accounting consultancy firm, Deloitte has suggested in a white paper that overseas software and BPO services companies should be allowed to pay tax on a presumed rate of profit on inter-company transactions. Deloitte advises an 11 to 13 percent rate over costs for both software and BPO services. If adopted, the introduction […]
Enam: India a US$2 Trillion Economy in Five Years
Nov. 17 – According to an Enam Securities report India’s GDP is “likely to grow at (an) average 12 percent in nominal terms. Hence, India will be a US$2-trillion economy by 2014-15.” The research report called “India Strategy,” led by research head, Nandan Chakraborty, and economist Sachchidanand Shukla said that India’s growth will be led […]
India is Top Source of International Students to the United States
Nov. 17 – India has maintained its position as the top source of international students to America for the eighth consecutive year, with a record 103,260 students enrolled in various U.S. universities for the year 2008-09. According to the Open Doors report, released today by the Institute of International Education (IIE) with support from the […]
Reserve Bank of India Bullish on Corporate Profits
Nov. 17 – The professional forecasters’ survey of the Reserve Bank of India is positive about the corporate sector’s profitability in the current financial year. In the bank’s latest survey, the profit growth of the corporate sector for 2009-10 has been set higher at 10 percent from 7.5 percent from a previous survey. The survey […]
Obama Seeks Nuclear Assurances from India on Asian Trip
Nov. 16 – U.S. President Barack Obama, visiting Asia for the first time in his presidency, has sought “assurances” from India on nuclear non-proliferation to take forward Indo-U.S. civilian nuclear trade. The Indian “assurance” is now being considered as a “proximate obstacle” to Indo-U.S. civilian nuclear trade as Americans in knowledge of the talks on […]
India’s Service Pact with ASEAN to be Finalized by 2010
Nov. 16 – The deadline for India and Association of Southeast Asian Nations (ASEAN) services trade liberalization agreement has been set for August 2010 to further expand its Free Trade Agreement (FTA) with the group. India’s FTA with the 10 member nations of the ASEAN will be implemented on January 1, 2010 and would result […]
Dual Structure Proposed for Goods and Services Tax
Nov. 11 – A dual goods and service tax (GST) structure has been proposed by the state that would allow for two rates for goods and one rate for services. The new GST regime is slated for implement on April 1, 2010 with the goal of streamlining taxation for the manufacturing and services industry. The […]
Complimentary India Business Supplement Download
Nov. 10 – Our friends at New Europe have just produced an extensive India supplement containing interviews and insights from many of India’s top business leaders, including Prime Minister Manmohan Singh, Minister for Trade Anand Sharma, Tata Consultants CEO N. Chandrasekaran and our own Chris Devonshire-Ellis on foreign investment into India, plus reviews of India’s […]
