Other Briefings
Morgan Stanley Obtains Indian Banking License
The Reserve Bank of India has granted the U.S. financial institution Morgan Stanley a banking license.
SEBI Regulations 2012: Broadening the Horizon for Private Equity Funds
By Sofia Liska May 25 – The fund industry in India will soon enter the next phase of its evolution now that the Securities and Exchange Board of India (SEBI) has released the 2012 alternative investment fund (AIF) regulations, which they aligned to work with both international developments and the Indian economy. Little will change […]
Rupee Hits Record Low for Sixth Straight Day
May 23 – The Indian rupee hit a record low for the sixth straight day on Wednesday, slumping to 56.18 against the dollar despite the Reserve Bank of India’s likely intervention earlier in the day in a mild attempt to prevent further falls. The RBI is thought to have intervened at 55.79, which saw the […]
GST Roadblocks Continue to Impede Progress in India
By Sofia Liska May 22 – India has been trying to shift from consumption taxation to the goods and services tax (GST) for some time now. Unfortunately, there are a few obstacles that have continued to impede the progress of this transition. This article will discuss those obstacles. It is important to know that the […]
Foreign Workers Permitted to Withdraw from Provident Fund
Overseas workers are permitted to withdraw the entire amount standing to their credit in the fund in the situations listed here.
India Issues Re-Assurances over Tax and Retroactive Legislation
India’s Finance Minister Pranab Mukherjee has scotched media reports concerning the intentions of India’s new tax regulations, and has pulled back on GAAR until April 2013.
India Issues Ruling on Transfer Pricing Aspect of Royalty Payments
The High Court has ruled that royalty payments cannot be prohibited on instances of continuous loss where the spending was proven to be incurred “wholly and exclusively” for the purpose of the business of the Taxpayer.
Small Firms and Individuals May Be Exempt from GAAR, Postponement Also Possible
In an attempt to soften the blow of the General Anti-Avoidance Rules (GAAR), India’s Finance Ministry is considering postponing the implementation of the new regime and may completely exempt small firms and individuals.
