Other Briefings
India Approves Viability Gap Funding Scheme for Battery Energy Storage Systems
India’s union cabinet has approved the Scheme for Viability Gap Funding for the battery energy storage systems (BESS) industry. The scheme envisages the development of 4,000 MWh of BESS projects by 2030-31, which will lower costs for the renewables sector.
India’s Digital Personal Data Protection Act, 2023: Data Privacy Compliance
India’s Digital Personal Data Protection (DPDP) Act 2023 will impact internet companies, mobile apps, and businesses handling citizens’ data. Enterprises will need to assess the fine print of the legislation to address their risk exposure and compliance requirements.
India’s Data Center Sector: Market Outlook and Regulatory Frameworks
India’s data center sector is poised for growth, helped by an expanding digital economy, high levels of internet penetration and widespread 4G connectivity slowly upgrading to 5G networks, as well as a mature IT services ecosystem. We discuss the market outlook, leading industry players, and relevant regulatory frameworks.
12th India-UK Economic and Financial Dialogue: Key Developments
The 12th edition of the India-UK Economic and Financial Dialogue discussed ways to unlock finance capital for sustainable projects and infrastructure funding besides further development of the GIFT City IFSC.
Draft Revisions to India’s Merger Control Regulations Governing Combinations
India’s draft Competition (Combinations) Regulations, 2023 released by the CCI, seeks to implement the amended Competition Act. It is open to the public for feedback till September 25, 2023. We discuss key provisions and proposed changes to the M&A landscape.
Government May Reconsider Implementing India’s Import Restrictions on Laptops, Tablets, and PCs from November 1
India may suspend its license and quota requirements on importing laptops, tablets, PCs, servers, and other electronic items under HSN 8741, opting instead for registration and monitoring in the current fiscal (FY24). We explain the import restriction policy—which is to come in effect Nov. 1—and track updates from the government that could delay or change its scope.
Achievements of the G20 Finance Track 2023 Under India’s Presidency: Global Economic Stability, Crypto Regulation
India’s 2023 G20 presidency achieved notable milestones in the finance track, focusing on international cooperation, including multilateral development bank enhancement, crypto asset policy shaping, lower and middle-income nation debt solutions, sustainable urban financing, and sustainable finance promotion.
Key Outcomes of the 2023 G20 Summit Held in India
The 18th G20 Summit of 2023 recently concluded in India saw 100% consensus around the New Delhi Declaration. We discuss key Summit outcomes.
