Other Briefings
India in Talks with Mauritius and Cyprus to Prevent Tax Base Erosion
India is currently revisiting its double tax avoidance agreements (DTAAs) with both Mauritius and Cyprus as it takes measures to protect its tax base. The two tax havens are India’s largest and seventh-largest sources of FDI inflows, respectively, together comprising almost 45 percent of India’s FDI in 2013 (around US$10 billion in the financial year ended March 2013).
India Ratings Chief: Indian Banks Need New Model to Succeed
Dec. 30 – The CEO of India’s leading rating agency, India Ratings & Research, has suggested that new banks in India will need to develop a fresh business model to profit in rural areas and mitigate risks associated with technology and cash management. After a nearly decade-long hiatus in the processing of applications for new […]
India’s Economy on Track for Expansion in 2014
Dec. 3 – After Ernst & Young ranked India as the most attractive investment destination in the world last week, strong quarterly growth figures indicate India’s economy is on track to expand by at least 5 percent in 2014. In a press conference yesterday, Indian Finance Minister P. Chidambaram pointed to India’s decreasing account deficit, […]
New Issue of Asia Briefing: The 2014 Asia Tax Comparator
In this issue, we examine the different tax rates in 13 Asian jurisdictions – the 10 countries of ASEAN, plus China, India and Hong Kong. We examine the on-the-ground tax rates that each of these countries levy as well as residency triggers, available tax incentives for the foreign investor, and important compliance issues.
India Pushes RBI to Loosen Infrastructure Financing Rules
Nov. 11 – Arvind Mayaram, economic affairs secretary at the Indian Finance Ministry, has called upon Raghuram Rajan, governor of the Reserve Bank of India (RBI), to transform the rules relating to infrastructure financing as well as the treatment of non-performing loans in that sector. The Finance Ministry views these potential moves as key to […]
Reserve Bank of India Signs MoU with Australia and New Zealand
Nov. 8 – The Reserve Bank of India (RBI) has signed a memorandum of understanding (MoU) with the Australian Prudential Regulatory Authority and the Reserve Bank of New Zealand this week during Deputy Governor K.C. Chakrabarty’s visit to the two countries. The new MoU establishes “supervisory cooperation and supervisory exchange of information” between Australia and […]
India Develops Information Technology Investment Region
Sept. 24 – Hyderabad is soon to be home to a new Information Technology Investment Region (ITIR) following last week’s approval by the Cabinet Committee on Economic Affairs for new ITIR developments. The ITIR, which will include special economic zones and industrial parks, is expected to become a key information technology hub in the region […]
Rupee Surges as India’s Trade Deficit Narrows
Sept. 11 – Recent government data has shown that India’s trade deficit narrowed to US$10.92 billion in August (from US$12.27 billion in the previous month) due to higher exports and lower imports. In August, exports increased 12.97 percent to US$26.13 billion, the second straight month of double digit growth, while imports decreased 0.68 percent to […]
