Mar. 19 – India’s Minister of State for Science and Technology confirmed on Wednesday that no foreign or local investment will be allowed in the nuclear power sector because of its extremely sensitive nature. “The government has no proposal to allow FDIs and domestic private sector participation in generation of nuclear energy, given the sensitivity[…..]
Mar. 17 – The list of operations that can be carried out independently by special economic zone authorities has been expanded to include establishing space for banking and warehousing services. Previously SEZ developers were required to get approval for the latter. “It has been decided to further expand the list of default authorized operations…the development[…..]
Mar. 16 – India is considering draft rules that will allow authorities to implement extra scrutiny on foreign direct investment projects approved on the automatic route and included in the list of sensitive sectors. The Ministry of Home Affairs has been tasked to compile a list of sensitive sectors where FDI will be subject to[…..]
Mar. 16 – India may soon be the next major market for the global education industry as a proposal to allow foreign universities to open branches in the country was approved by cabinet. When the Foreign Education Providers (Regulatory) Bill is finally made into law by parliament, foreign universities will be able to enter the[…..]
Mar. 11 – In the new issue of India Briefing, we take a look at setting up liaison offices, project offices, Branch offices and private limited companies in India. Investment into India is booming. Following the reelection of the Congress Party to power in 2009, the country is reaping the benefits of the market reforms[…..]
Mar. 5 – There are several options available to the foreign investor when it comes to establishing a Representative style office in India. Listed below are three separate scenarios, which are dependent upon the type of business model you wish to run. Businesses looking at invoicing for services, import export or manufacturing in India are[…..]
Feb. 25 – India’s Central Board of Excise and Customs (CBEC) has proposed widening the scope for India’s service tax to include the entertainment business for the upcoming Union Budget 2010-11. Currently, entertainment is separately taxed by states and as a service tax by the central government with no prevailing uniformity on taxation since taxes[…..]
Feb. 23 – India’s Employee State Insurance Corporation has agreed to raise the wage ceiling from Rs10,000 (US$216) to Rs15,000 (Us$324) per month under the ESI Scheme. The social security scheme covers employees and their dependents during sickness, maternity, temporary or permanent physical disablement, death or injury during the time of employment.