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• August 6, 2009 by India Briefing Reading Time: 2 minutes
  

  India Looks to Enact Direct Selling Legislation

  Aug. 6 – Reports today in The Hindu indicate that India is set to beef up its direct selling legislation in order to further support and develop the industry. The Indian Direct Selling Association (IDSA) has urged the government to formulate a regulatory framework so that the true potential of the sector can be realized.[…..]
• August 6, 2009 by India Briefing Reading Time: < 1 minute
  

  India to Enact to Foreign Investment Law

  Aug. 6 – The Indian government has proposed to enact a new law on foreign direct investment in India, removing the distinctions between the categories of overseas funds that flow into the country. The Foreign Direct Investment Act which will mainly concentrate on removing the distinction between various types of overseas fund flows like portfolio[…..]
• August 6, 2009 by India Briefing Reading Time: < 1 minute
  

  Bank Employees Begin Strike Today

  Aug. 6 – Employees of India’s private, overseas and state banks numbering more than 900,000 will begin their two-day strike today. An estimated 26 state-run banks, 10 private banks and eight foreign banks will be affected when its workers join the strike organized by the United Forum of Bank Unions (UFBU). “We seek expedition of[…..]
• August 4, 2009 by India Briefing Reading Time: < 1 minute
  

  No Changes in Media FDI Limits

  Aug. 4 – The Indian government will not be changing the limit on foreign direct investment in the banking and media sectors, reports the Wall Street Journal. Indian law only allows for 74 percent  foreign direct investment in private banks and 20 percent in state-run banks. In the media industry, businesses like newspapers and periodicals[…..]
• July 28, 2009 by India Briefing Reading Time: < 1 minute
  

  Indian Lending Rate the Lowest in a Decade

  Jul. 28 – As expected, the Reserve Bank of India yesterday kept its base lending rate at 4.75 percent, the lowest in a decade. A spokesman for the bank stated: “It is worth reiterating that the Reserve Bank will maintain an accommodative monetary stance until there are definite and robust signs of recovery.” The news[…..]
• July 7, 2009 by India Briefing Reading Time: < 1 minute
  

  India Unveils Union Budget

  Jul. 7 – India released the budget for the fiscal 2009-10 yesterday at Parliament in a speech by Union Finance Minister, Pranab Mukherjee. The speech focused on funding projects that would improve the country’s infrastructure. India Infrastructure Finance Company and banks would commit to extend funding for Public Private Partnership (PPP) projects in the next[…..]
• June 15, 2009 by India Briefing Reading Time: < 1 minute
  

  New Foreign Trade Policy to be Announced in August

  Jun. 15 – The Indian government is set to release a new comprehensive foreign trade policy in August with an emphasis on trade stimulus in addition to giving sops to exporters. Moreover, the Commerce and Industry Ministry is considering rules that will directly increase exports. Officials are also discussing ways to improve foreign trade with[…..]
• May 25, 2009 by India Briefing Reading Time: 2 minutes
  

  India Releases New Anti-Competition Laws

  By Vikas Srivastava May 25 – The Indian government has announced the changes to the Competition Act of India dealing with anti-competitive agreements and abuse of dominance. The details of how the changes affect Indian M&A have yet to be ratified, although it is expected to be brought into law later this year. To strengthen[…..]