Other Briefings
India 2TC: Hyderabad
This new series will take a look at up and coming cities in India. These city features will appear on Tuesdays and Thursdays. Oct. 20 – Hyderabad is the financial and economic capital of the state of Andhra Pradesh, and is the largest contributor to the state’s gross domestic product, state tax and excise revenues. […]
Increased Iron Ore Handling Facilities at New Mangalore Port
Oct. 20 – The New Mangalore Port Trust (NMPT) has signed an agreement with Sical Iron Ore Terminal (Mangalore) Ltd., a subsidiary of the Chennai-based Sical Logistics to set up mechanized iron ore handling facility. The port has been handling iron ore fines in 2003 and volumes have been increasing steadily since then. Last year, […]
India to Amend Tax Agreement with Switzerland
Oct. 19 – India will soon amend its taxation treaty with Switzerland in December allowing for the exchange of information on all tax matters including tax evasion. “We will amend the Double Taxation treaty to include tax evasion to prevent misuse,” Phillippe Welti, the Swiss ambassador to India was quoted by The Economic Times. The […]
Indian Air Traffic Up 30.8 Percent in September
Oct. 16 – In another sign of India’s emerging from the global downturn, and a signal of a now booming Indian economy, domestic air travel in the country grew by 30.8 percent in September over the same figures last year. Over 3.5million fliers took to the skies last month, itself the fourth consecutive month that […]
Morgan Stanley Raises India’s Growth Forecast
Oct. 16 – Morgan Stanley predicts higher growth for India next year to 6.4 percent from 5.8 percent based on the strength of positive industrial output and policy rates. “However, we believe a rate hike would be unlikely to derail the recovery, as we see a potential increase as a move towards normalization rather than […]
Foreign Investment to India Passes US$100 Billion Mark
Oct. 15 – India’s Department of Industrial Policy and Promotion says that foreign direct investment (FDI) to India from 2000 until July this year has already passed the US$100 billion mark. In total, FDI inflows during that period reached US$100.33 billion. In the first four months of this year alone FDI amounted to US$10.49 billion […]
India’s Finance Minister Asked to Explain Retrospective Tax Demands
Oct. 14 – The ambassadors of the United States, European Union, Britain, New Zealand, Australia, Holland and Spain have written to Indian Finance Minister Pranab Mukherjee to explain what they refer to as the “unpredictability” in India’s tax regime and described recent events surrounding Vodafone’s acquisition of Hutchisons’ stake in Hutch-Essar as “unquantifiable risk in […]
Foreign Experts Brought in to Kick-Start Delhi Games Progress
By Chris Devonshire-Ellis MUMBAI, Oct. 14 – Following an inspection of the sites intended for the Delhi Commonwealth Games led by Commonwealth Games Federation (CGF) President Mike Fennell, the Delhi Games Organizing Committee (DGOC) has the ignominy of having an Independent Technical Committee, made up of foreign experts oversee all aspects of DGOC preparations. The […]
