Other Briefings
GIFT City’s Rising Profile: Government of India Emphasizes Key Progress Ahead of Interim Budget 2024
As an emerging financial services hub in India, the GIFT City IFSC at Gujarat has benefited from liberalized capital and tax rules. The GIFT City is also a major focus of the central and state governments, and will facilitate fintech innovation in India and wider access to global capital markets.
India’s 2024 Pre-Interim Budget: What Businesses and Investors Want
Industry stakeholders, businesses, and investors have all shared their wish list of expectations with the government ahead of the interim budget announcement, scheduled for February 1, 2024. We discuss these expectations and explain the limited scope of the budget announcement till the next government is formed following the general elections.
Outcomes of the 2024 India-US Trade Policy Forum Meeting
We discuss key outcomes of the India-US Trade Policy Forum (TPF), which concluded its 14th Ministerial-level meeting in New Delhi on January 12, 2024.
Investment Spotlight on Western India: Gujarat vs Maharashtra
Both Gujarat and Maharashtra offer investors advantages and challenges. The choice of the optimal location depends on various factors such as business goals, sector-specific interests, market prospects, supplier connections, local partnerships, regulatory and financial considerations, and risk tolerance.
India’s Tax Authority Issues Notification for Non-Resident Investors in Financial Products via IFSC Units
The Ministry of Finance notification delineates the criteria for the recognition of investment in a financial product by non-residents, particularly when the income is deposited in the non-resident’s account with the Offshore Banking Unit of the IFSC, as specified in section 80LA.
India’s Food Processing Industry Sees Over INR 70 Billion in Investments Under PLI Scheme
Foreign investment prospects in India’s food processing industry is propelled by increased consumer demand, incentive schemes, and modernizing industrial infrastructure.
India Holds Auction for 20 Blocks of Critical Minerals, Including Lithium and Graphite
Following regulatory changes, India will seek bids for 20 blocks of critical minerals. Mining, mineral processing, and production of lithium, graphite, and REE are key to critical sectors like renewables, gigafactories, pharma, electronics, telecom, and defense.
Understanding How the Concept of Significant Economic Presence Applies in Indian Taxation
We explore tax provisions on ‘significant economic presence’ in India and compare with the equalization levy liability amid stakeholder concerns.
