Other Briefings
India Forecast to Become Largest Direct-to-Home Market by 2012
Apr. 22 – India is forecast to become the biggest direct-to-home market globally by 2012, based on an annual study made by information services provider Media Partners Asia (MPA). The Indian market is expected to surpass the U.S. market in terms of size with its projected subscriber base expanding from 17 million last year to […]
India Raises Interest Rates
Apr. 21 – India’s central bank raised interest rates for the second time in a month to curb double-digit inflation spurred on by the economic stimulus plan. Inflation rates rose to 9.9 percent in March compared to 0.5 percent in September, the highest rate in 17 months. The Reserve Bank of India raised the repo […]
India to Seek Tax Avoidance Agreements with Nine Territories
Apr. 20 – India is considering negotiating tax treaties in nine territories to help curb tax avoidance. The nine identified territories include: Cayman Islands; Bermuda; British Virgin Islands; Gibraltar, all British overseas territories; Guernsey; Isle of Man; Jersey, all British crown dependencies; Netherlands Antilles, an autonomous part of the Kingdom of Netherlands; and Macau, a […]
The Wealth Report: Mumbai and Delhi Represent ‘Significant Investor Promise’
Apr. 15 – The Mumbai and New Delhi realty markets hold a significant level of promise for potential investors, says Knight Frank’s The Wealth Report 2010. The report forecasts trends and identifies areas of growth in global prime residential property and wealth. Moreover, it provides insight to the attitudes of the wealthy towards property and […]
India Blocks Entry of Foreign For-Profit Universities
Apr. 15 – One of the restrictions of India’s newest Foreign Education Providers Bill will block the entry of foreign for-profit universities in the country. Last month, the cabinet approved the Foreign Education Providers Bill that would allow foreign universities to establish campuses in India. The bill also restricts foreign universities from repatriating money to […]
Assocham: Exempt Foreign Earnings from Income Tax
Apr. 14 – The Associated Chambers of Commerce and Industry of India (Assocham) has proposed that earnings made by Indian companies from overseas firms be exempted from income tax should their stake in the company be more than 10 percent. This would make it easier for Indian companies to reinvest income earned abroad locally and […]
Foreign Investment Promotion Board Calls for Less Undue FDI Scrutiny
Apr. 13 -The Foreign Investment Promotion Board (FIPB) has asked the Department of Revenue to lessen its scrutiny of foreign direct investment proposals to cut delays. Following FIPB rules, a proposal need only to be vetted by the original ministry and any related ministry when recommended by the board. Official sources said that the Department […]
Monorail Manufacturers Concentrate on India’s Infrastructure Boom
Apr. 12 – As the Indian economy develops, the need for massive improvements in its transportation network also increases. With Mumbai’s first monorail service about to be launched and those familiar street level cantilevered rail lines now weaving their way above the city’s roads, other places in the country have already started taking notice. All […]
