Other Briefings
Sebi Issues New Rules for Stock Market Investors
Aug. 23 – The Security and Exchange Board of India (Sebi) has issued new rules to prevent money laundering in the stock market. Brokers will now require investors to provide documents detailing sources of income including tax returns, salary slips and bank account statements annually.
Clarifications on Work-Related Visas for Foreigners Issued
Aug. 20 –The Ministry of Home Affairs has released a new document on its web site clarifying work visa issues for foreigners. India provides two kinds of work-related visas: a business visa, also called a B visa, and an employment visa, also called an E visa. A multiple entry business visa can be granted for […]
Proposal Suggests FDI in Multi-Brand Retail by 2015
Aug. 19 – One of India’s top ranking business schools said in a report that the government should give local businesses five years to develop before opening multi-brand retail to foreign direct investment. The report made by Birla Institute of Management Technology (BIMTECH) said “…a breathing space of five years till 2015 should be given […]
New Regulations on Digital Signature Registration Released
Aug. 18 – India’s Income Tax Department has released new regulations on registering digital signatures for filing income tax returns effective beginning today. The department has made revisions on its Digital Signature Certificate (DSC) registration process. The authorized signatory for the DSC has the option to follow the existing procedure or the new procedure highlighted […]
India to Sign Media Production Treaty with Canada in 2011
Aug. 17 – Canada and India are expected to sign a film and new media co-production treaty that will give India access to the North American market. The agreement will be formalized at the 12th International Indian Film Academy Awards in Toronto next year. “At some point this fiscal, we are expecting our office to […]
India Plans to Streamline Arbitration Mechanism
Aug. 16 – India’s Securities and Exchange Board of India (Sebi) has instructed stock exchanges to ease the arbitration process for disputes involving a client and a member. Sebi is proposing that all exchanges must have their own panel of qualified arbitrators depending on the amount of disputes. An arbitrator must have experience in the […]
Authorities to Revise Export Procedures
Aug. 13 – Authorities are expected to simplify export procedures and issue new incentives to help exporters cope with lower global demand. The Commerce and Industry Ministry will issue the procedural changes to the policy that aims to cut down on costs and transaction time. “We are working out the allocations based on the funding […]
India Considers Opening the Private Banking Sector
Aug. 12 – The Reserve Bank of India has released a discussion paper that talks about possibly opening the private banking sector to new players. “The RBI clearly expresses its intent to expand the banking reach in the country while focusing on maintaining financial stability,” said CII director-general Chandrajit Banerjee. This will make bank capital […]
