Flexi-Staffing Industry in India: GST Impact, Regulations
Under GST, the tax rate on all staffing firms is pegged at 18 percent. This article discusses the impact of GST on the flexible staffing industry, and its impact on doing business in India.
Cryptocurrency in India: Usage and Regulation
Bitcoin trading in India peaked to over US$3.5 million this September, albeit insignificant when compared to the U.S. trading volume. However, it is indicative of a growing appreciation of cryptocurrencies in India, and the country’s regulatory mechanisms are taking note.
Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive
The federal government recently formed a team of top law enforcement officials to crackdown on shell companies. This article discusses the government’s latest moves in its anti-corruption drive.
Shopping Festivals in India – A Key Promotional Tool for Retailers
The festive season presents a great opportunity for businesses to tap into India’s growing consumer market. In this article, we provide an overview of India’s popular festivals and their significance for businesses.
FCRA Compliance in India: How 24,000 NGOs Lost Their License
In September this year, the Indian government cancelled licenses for 4,800 NGOs in India. Here we discuss the fall out of the stringent implementation of reporting and auditing rules for NGOs that receive foreign funding by the Modi administration.
Exporters in India Suffer under GST Regime – Delays in Refund Processing, Malfunctioning System
Exporters in India are facing a major working capital crunch under refund rules of GST law and the malfunctioning of the GSTN system. We briefly discuss these challenges and the government response.
India’s Bankruptcy Law Reinforced by Supreme Court Judgment
India’s Supreme Court recently delivered its first detailed judgment pertaining to the interpretation of the Insolvency and Bankruptcy Code, 2016 (Code). This article discusses the key takeaway – the Code will supersede all other insolvency related laws in existence in India.
AI and Automation Processes in India’s Economy
Manufacturers, entrepreneurs, and India’s tech industry are investing in artificial intelligence and automation technologies to enhance productivity and streamline work processes. Here, we discuss what is AI, how is it a disruptor for industry, and its role in India’s future economy.