India Briefing News

India’s Supreme Court Enables ITC Claims on Commercial Building Construction

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India’s Supreme Court has allowed companies in the country to claim input tax credits (ITC) on construction costs for commercial buildings intended for rental purposes.

India Implements New Guidelines for Halal Meat Exports, Effective October 16

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India has introduced new policy conditions for halal meat exports, effective from October 16, 2024. Such products must be processed in facilities certified under the ‘India Conformity Assessment Scheme (I-CAS) – Halal.’

India-UAE Bilateral Trade and Investment Profile

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India-UAE relations have grown into a strategic post-COVID-19 partnership, focusing on defense, energy and renewables, and critical minerals.

India’s Anti-Trust Law Updates: Stricter Scrutiny, New Thresholds, and Faster Approvals

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More provisions of the Competition (Amendment) Act, 2023 have taken effect as of September 2024, including deal value thresholds for high-value acquisitions, marking a complete overhaul of India’s anti-trust regime.

India’s Semiconductor Sector: Tracking Government Support and Investment Trends

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We track India’s efforts to facilitate foreign investment into its indigenous semiconductor industry (developing fabs. chip design, ATMP).

Managing CSR Obligations in India: Company Best Practices

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Adopting certain best practices can help companies meet their corporate social responsibility (CSR) obligations, build a positive reputation, and make meaningful contributions to socioeconomic welfare and sustainable development.

India-Sweden Bilateral Trade and Investment

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The bilateral relationship between India and Sweden is benefiting from a growing focus on manufacturing, technology, and sustainability.

India-Australia: Bilateral Trade and Investment Profile

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India-Australia bilateral trade and investment can benefit from the interim free trade treaty – ECTA – with new opportunities identified in critical minerals, education, and technology sectors.

India Shortens Deadline for Filing CSR-2 Return: MCA Notification

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Companies in India that report their corporate social responsibility expenditure must file the CSR-2 Return for FY 2023-24 by December 31, 2024.

Corporate Social Responsibility in India

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India became one of the first countries to mandate corporate social responsibility on April 1, 2014. Certain companies are required to allocate a portion of their profits to areas such as education, poverty alleviation, gender equality, and hunger mitigation programs.

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