India Briefing News

Mumbai Trans Harbour Link Inaugurated: Key Insights into India’s Longest Sea Bridge

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The Mumbai Trans Harbour Link or Atal Setu Nhava Sheva Sea Link is India’s longest sea bridge, which drastically shortens the distance between Mumbai and Navi Mumbai to 20 minutes. It will also connect with the arterial Mumbai Pune Expressway.

India to Push for Social Security Agreement with the US at Trade Policy Forum Meeting

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India has supplied comprehensive data on its social security programs to the United States, as it seeks an agreement to prevent double insurance liability for temporary workers.

Investment Spotlight on Western India: Gujarat vs Maharashtra

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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

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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.

EPFO Extends Deadline for Employers in India to Upload Wage Details for Higher Pensions by May 31, 2024

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The EPFO has extended the deadline by five months for employers to submit wage details for members eligible for an increased pension. We discuss pertinent details for compliance.

PLI Scheme for India’s Automotive Sector Amended and Extended by One Year

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India’s PLI Scheme for the automotive sector has been extended by a year as applicants require more time to meet the eligibility provisions. The first round of incentives will be disbursed in FY 2024-25 per the government in a recent announcement, and after much delay. Only Tata Motors, Ola Electric, and Mahindra & Mahindra have met key domestic value addition criteria.

India-Malaysia Economic Partnership: Challenges, Prospects, and Strategic Collaborations

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This article explores India Malaysia trade ties, highlighting collaborations, challenges, and prospects for economic growth.

India’s Corporate Governance Reforms: Key Regulatory Changes to Pay Attention to in 2024

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India’s corporate governance reforms have digitized compliance requirements while also increasing scope for scrutiny. We list key changes implemented throughout the year that companies doing business in India should be mindful of going into 2024.

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