India Tightens Release of FAME-2 Subsidies for EV Makers, May Not Extend Scheme
Indian electric vehicle makers are being subject to tightened scrutiny over FAME-2 subsidies due to insufficient levels of domestic value addition.
India’s Union Budget for 2023-24: Key Highlights
India’s Union Budget 2023-24, announced February 1, promotes infrastructure growth, green industry, and makes changes to the new tax regime. We report the major highlights.
Tamil Nadu’s Industrial Parks and SEZs under SIPCOT: A Brief for Investors
We note the industrial parks, SEZs, and growth centers managed by SIPCOT in Tamil Nadu, their locations, and type of industrial activity.
Gujarat and Rajasthan Emerge as India’s Leading Investment Destinations
We discuss the economic profiles of Gujarat and Rajasthan and highlight factors that make them popular investment destinations in India.
India’s Tax Compliance Calendar for Businesses for January-March 2023
As India prepares to enter last quarter of FY 2023, we list the due dates and key forms for tax compliances for January-March 2023 period.
India Appoints Nodal Ministries to Regulate Online Gaming, E-sports Industries
India has given legitimacy to the online gaming and e-sports industries by designating the IT Ministry and the Sports Ministry as their respective nodal ministries.
Electric Vehicle Industry in India: Why Foreign Investors Should Pay Attention
The electric vehicle industry in India benefits from 100% FDI allowed, new manufacturing incentives, and increased subsidies under FAME-II.
Karnataka Announces New Start-Up Policy, Provision of INR 1 Billion VC Fund
Karnataka’s new start-up policy targets the growth of emerging tech enterprises, women-run start-ups, and start-ups located beyond Bangalore.