Other Briefings
India-ASEAN Trade Pact to Benefit Bengal
Aug. 18 – Bengal is expected to benefit the most from India-ASEAN Free Trade Agreement signed recently because of its proximity to Thailand and Myanmar. At a recent session on “Foreign Investment-Policy and Promotion,” Joint Secretary of Department of Industrial Policy and Promotion, Mr. Gopal Krishna told Indian Express that since Bengal is the most […]
Ford India Begins Bulk Export of Cars from Chennai
Aug. 18 – Ford India has begun exporting cars in bulk from Chennai for the first time; exporting 158 units through Chennai port to Durban, South Africa. The company plans to export more models. According to the Society of Indian Automobile Manufacturers, data, Ford India between April and June produced 6,752 cars, of which 219 […]
New Tax Code to Propose Changes in Individual Income Tax Bands
Aug. 13 – The government has released a draft of copy of India’s new tax code for public discussion that proposes changes in income tax rates and maintains income tax exemptions. The draft is a huge change from existing tax laws because it cuts individual income tax and raises income tax brackets. Income up of […]
After IT, India to Become Pharma R&D Hub
Aug. 11 – India is expected to become a pharmaceutical research and development (R&D) hub in the next decade with the Department of Pharmaceuticals planning a road map for India to be a global player in the industry by 2020. The plan is called Vision 2020. The department also plans to create a job of […]
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 […]
India Will Not Accept Binding Greenhouse Gas Emission Cuts
Aug. 3 – With less than 5 months until the anticipated Climate Conference in Copenhagen scheduled for December, India announced its steadfast position that it cannot accept any “legally binding” greenhouse gas emission reductions but assured that its carbon footprint would never exceed that of developed nations. In a joint press conference with U.S. Secretary […]
India to Host Doha Round in September
Jul. 30 – India’s capital, New Delhi, is set to host the Doha Development Round from September 3 to 4 that will gather ministers from the G20 countries. Since 2001, the trade-negotiation round of the World Trade Organization (WTO) has aimed to increase and liberalize global trade and more importantly allow developing countries to export […]
U.K’s British Council to Outsource Jobs to India
Jul. 29 – The British Council has announced that it would outsource 100 IT and finance jobs to New Delhi and other parts of India in an effort to streamline costs. The British Council will cut its staff by 500 in the coming months to save £45 million of taxpayer’s money. The announcement has created […]
