China's new Vocational Skills Training Initiative (2025–2027) aims to upgrade workforce capabilities across strategic sectors, improve labor inclusion, and align training with market needs.
Explore 2025 updates on India’s evolving Free Trade Agreement (FTA) landscape. On July 24, 2025, India and the UK formally signed an FTA, a momentous step forward in India’s trade relations with major developed economies.
India’s Income Tax Department released ITR Forms 1 and 4 on July 11, 2025, following the rollout of ITR Forms 2 and 3 in May. Key updates include changes to capital gains reporting, revised LTCG exemptions, and form-specific compliance rules.
On June 14, 2025, Vietnam’s National Assembly passed the 2025 Law No. 66/2025/QH15 on Special Consumption Tax (SCT) to address remaining issues and resolve inconsistencies and overlaps with other regulations.
China unveiled a fresh policy package to promote foreign reinvestment, addressing investor concerns through streamlined approvals, tax perks, and better financing access —part of a broader strategy to stabilize investment and deepen economic ties.
As of July 21, 2025, a total of 806 applications have been approved under India’s Production Linked Incentive (PLI) schemes. By March 2025, the schemes had attracted investments amounting to INR 1.76 trillion (US$20.3 billion) across 14 key sectors.