India Briefing News

Top 7 States for Investment in India: Findings from the Business Reforms Action Plan 2020

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The top 7 states for investment in India are Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Telangana, and Tamil Nadu based on ease of doing business reforms.

Why Are Industry Players Unhappy with India’s New Cybersecurity Directives?

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Among other concerns, India’s new cybersecurity directives, in effect from June 2022, challenge norms of user privacy and dramatically increase compliances.

India’s New Plastic Waste Management Rules Effective from July 1, 2022

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Businesses must note that single use plastic will be banned in India from July 1, 2022, and noncompliance will trigger penalties.

India Extends GST Compensation Cess Levy till March 2026

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India has extended the GST compensation cess for four years, which will keep tax rates high on notified goods like tobacco and cars.

India’s PLI Scheme 2.0 for White Goods (AC and LED): 15 Companies Selected

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The government has announced 15 selected applicants for India’s PLI Scheme 2.0 for White Goods (AC and LED).

India-EU FTA Negotiations Resume on June 27

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Negotiations for an India-EU free trade deal, investor protection agreement, and a geographical indications agreement will be held in parallel.

India’s TDS on Crypto Assets: Here’s How it Will Work from July 1, 2022

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We discuss the conditions for charging TDS on crypto assets and other virtual digital assets (VDA) from July 1, 2022 as clarified by India’s tax authority.

What are Smart Contracts and Are They Legal in India?

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We explain how smart contracts are executed, how they differ from traditional and electronic contracts, and their treatment under current Indian laws.

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