Legal & Regulatory

India Set to Overhaul Labor Law


May 21 – The Indian government has announced plans to revamp its labor law to make it easier for both employees and employers to settle disputes. This may mean that the new law will provide more avenues for resolving labor grievances out of court. Companies with a minimum of 20 employees may be required to […]

Tax Exemption List for Port, Airport Services to be Released Soon


May 19 – India will soon announce a list of tax exempt port and airport services as it tests aspects of the pending comprehensive service tax regime. “We will tax even non-taxable services but spare some essential services such as medical, education, pollution control and emergency services such as fire fighting, special services provided at […]

India May Widen Foreign Investment Definition


May 18 – The finance ministry is considering widening the scope of foreign investments to include instruments that give voting rights to foreign investors. Under the new FDI policy, a company qualifies as a local company if it has less than 50 percent foreign investments and has Indian directors as a majority resident. If the […]

Government to Implement Stricter Audit for NGO Funding


May 17 – The Finance Ministry has announced measures that will strictly monitor government funding to non-profit organizations as part of efforts to stay within budget during the year. “All ministries and departments of the Government of India should include in their annual report a statement showing the quantum of funds provided to each of […]

New Oversight Body to Enforce FDI Ban on Sensitive Sectors


May 14 – The government will establish an oversight body to prevent foreign direct investments from entering banned sectors. This is to prevent FDI from entering prohibited sectors such as multi-brand retail, gambling, betting, lottery, atomic energy and plantation. “The proposal was discussed at a meeting attended by officials from various ministries including the department […]

India Briefing Releases Guide to Doing Business in India


May 13 – India Briefing has just published a new business guide to India. “Doing Business in India” is the definitive guide to one of the fastest growing economies in the world, providing a thorough and in-depth analysis of India, a comprehensive guide to investing in the country, and key demographics and overviews of the […]

Himachal, Uttarakhand Calls for Renewal of Special Industrial Package


May 13 – Himachal Pradesh and Uttarakhand state authorities are requesting that expired special industrial packages be renewed. Chief Ministers Prem Kumar Dhumal and Ramesh Pokhriyal Nishank submitted a joint letter to Prime Minister Manmohan Singh on Wednesday to request the renewal. The package has successfully enticed investment to the states with its host of […]

Singapore to Speed Up Indian Registration for Generic Drugs


May 12 – Singapore has agreed to make it easier for generic drugs from India with prior regulatory approval in the United States, Canada, the EU, Britain or Australia to enter the country. The fast-track drug registration process is a boost for India’s US$25-billion generic drug industry which will gain access to a large developed […]

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