Other Briefings
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 […]
India to Set Up Tax Administration Reform Commission
Aug. 29 – On Monday, the Indian government set up its first Tax Administration Reform Commission, a seven-member panel that is to be chaired by well-known Indian economist Parthasarathi Shome. The Commission was created with the purpose to review India’s tax laws and make recommendations for the creation of a “stable and non-adversarial tax administration.” […]
The Falling Rupee Ushers in India as a Global Trade Dynamo
Foreign investors making surprise returns on investment, cheaper rupee good for exports Op-Ed Commentary: Chris Devonshire-Ellis Aug. 22 – With the Indian rupee falling to a record low of 65 against the U.S. dollar, there has never been a better time to purchase Indian manufacturing goods. For foreign investors in India, it is a boom […]
Rupee Falls to All-Time Low as Indian Economy Faces Potential Trouble
Aug. 22 – This week, the Indian rupee briefly closed at an all-time low of 63.25, making it Asia’s worst performing currency this year after dropping by 16 percent against the U.S. dollar since May. It is now worried that the measures taken by the Indian government and the Reserve Bank of India (RBI) to […]
