Industry Spotlight: India’s Growing Aviation Sector
The Indian aviation industry is on a high growth trajectory and expects to be the largest market by 2030. The government, realizing this potential, recently unveiled the National Civil Aviation Policy 2016. Read about the developments here.
SPICe – Company Incorporation in India
The Ministry of Corporate Affairs (MCA) recently announced new rules that will simplify and speed up the process for incorporating companies in India, branded as SPICe or Simplified Proforma for Incorporating Company Electronically. This article examines the new forms and their requirements.
India’s Idle Provident Fund Accounts to Accrue Interest Following Government Notification
As part of the government’s labor reforms, a new notification was recently introduced allowing interest on dormant employee provident fund accounts. Read on to see how this will benefit India’s working populations as well as other schemes related to the provident fund organization.
Import and Export Licensing Procedures in India
India’s import and export system is governed by the Foreign Trade (Development & Regulation) Act of 1992 and India’s Export Import Policy. Imports and exports of all goods are free, except for the items regulated by the EXIM policy or any other law currently in force.
City Spotlight: Investing in India’s Hyderabad
The city of Hyderabad was ranked second in the latest survey by the World Bank in terms of Ease of Doing Business in India. This article highlights the city’s vibrant cultural, economic, and educational infrastructure that supports its positive business and foreign investment prospects.
Indian Government Bans 500, 1000 Currency Denominations to Curb Black Money
India’s government introduced a ban on 500 and 1000 rupee currency denominations overnight in a bid to curb black money and fight tax evaders. Read on to learn more about the latest development which is expected to have a significant impact on the economy.
Role of India’s National Company Law Tribunal
India’s government has introduced a single judicial forum called the National Company Law Tribunal and the National Company Law Appellate Tribunal with the intention of providing speedier resolutions to company disputes. This article examines their framework and functionality so far.
India’s Rankings in the World Bank’s Doing Business Report 2017
India ranks 130 in the World Bank’s Doing Business Report 2017 – a marginal improvement over its rank of 131 last year (despite the government’s aggressive reforms agenda). This article examines the assessment of India’s business environment and the Report’s methodological advantages and limitations.