ASIA BRIEFING

Economy & Trade

India to Consider Easing Rules for FDI and Overseas Investments

07/25/2024

India's Department for Promotion of Industry and Internal Trade (DPIIT) will establish strict timelines for various government agencies and departments to expedite the clearance of foreign direct investment (FDI) proposals in prioritized sectors.

India's Union Budget 2024-25: Key Announcements

07/24/2024

India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.

Top Off-Plan Projects in Sharjah for Indian Buyers

07/24/2024

Discover top off plan projects in Sharjah for Indian buyers. Explore luxurious apartments, villas, and townhouses in thriving communities.

Economic Survey of India 2023-24: Report Highlights

07/22/2024

The Economic Survey of India 2023-24 presented by finance minister Nirmala Sitharaman shows India on a "strong wicket and stable footing". We look at the GDP growth projections and macroeconomic data for FY25.

India's State-wise Merchandise Export Performance in FY 2023-24

07/18/2024

We discuss the changes in merchandise exports from India's states in FY 2023-24, focusing on their key export items and the dynamics of global trade.

Sustainable Development Goals in India: Performance Report for 2023-24

07/16/2024

The SDG India Index 2023-24, released on July 12, 2024, shows the country has made significant improvements across 16 SDGs.

07/12/2024
How Business Matchmaking Services Can Help Your India Market Strategy

India Briefing
07/10/2024
Investing in Bihar, India: A State Profile

India Briefing
07/05/2024
Revenue Generated by India's Top States to be Robust in FY25

India Briefing
06/27/2024
India's Standing in the Emerging Asia Manufacturing Index 2024

India Briefing
06/26/2024
FDI in India FY 2023-24: Top State and Sector Beneficiaries

India Briefing

Tax & Accounting

Capital Gains Tax in India: An Explainer

07/25/2024

In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.

India to Abolish 2% Equalisation Levy on Non-Resident Digital Companies from August 1, 2024

07/24/2024

India will abolish the 2 percent equalization levy on a broad range of services provided by offshore technology firms from August 1, 2024.

India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions

07/01/2024

India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.

GST Council's 53rd Meeting: Key Recommendations

06/26/2024

The 53rd GST Council meeting held on June 22, 2024 recommended several measures to lessen the tax and legal burdens on taxpayers in India and facilitate trade. These recommendations will be implemented once the relevant circulars, notifications, or law amendments are issued, which will have legal force.

Guide to Business Income Tax Return Filing in India

06/24/2024

India Briefing provides information on business ITR filing in India, with the deadline for filing individual returns being July 31, 2024.

Double Taxation Avoidance Agreements (DTAAs) and Your India Investment Strategy

05/17/2024

India has double taxation avoidance agreements (DTAAs) in place with over 90 countries, with certain tax treaties offering lower withholding tax (WHT) rates on certain types of income. This article examines how DTAAs can impact foreign firms and their India investment strategy.

05/08/2024
Foreign Tax Credit in India: What You Need to Know

India Briefing
04/28/2024
Goods and Services Taxes in India 2024 - New Publication Out Now

India Briefing
04/16/2024
India-Mauritius DTAA Amendment Closes Tax Avoidance Loophole

India Briefing
04/03/2024
India's ITR Forms for AY 2024–25: Key Updates

India Briefing
04/02/2024
India-Spain DTAA Notification: Lowered Tax Rates and Key Provisions

India Briefing

Legal & Regulatory

MCA Steps Up Enforcement Against Non-Compliant Companies in India

07/11/2024

The Registrars of Companies (RoCs), part of India's Ministry of Corporate Affairs (MCA), have ramped up enforcement, issuing 321 orders for alleged Companies Act violations in the June quarter.

White Goods Manufacturing in India: PLI Scheme Reopened from July 15 to October 12, 2024

07/09/2024

Both new applicants and existing beneficiaries of the PLI Scheme for White Goods (PLIWG) seeking to invest more by moving to a higher target segment, as well as their group companies applying under a different target segment, will be eligible to apply, provided they meet the eligibility conditions.

Modi Government Reconstitutes Cabinet Committees After 2024 Elections

07/08/2024

Following the 2024 general elections, Prime Minister Narendra Modi’s new government has announced eight cabinet committees, with members appointed from key NDA coalition partners. We list the new cabinet panel members and discuss the significance of the new political appointees.

Andhra Pradesh Reignites Amaravati Capital City Ambition

07/03/2024

The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana's bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.

India's BIS Introduces Two New EV Safety Standards

06/24/2024

The Bureau of Indian Standard (BIS) has announced two new quality standards to improve performance and safety of EVs in various categories.

Shops and Establishment Acts in India: An Explainer

06/08/2024

The Shops and Establishment Acts in India are state and union territory-specific laws governing labor service conditions in shops and commercial establishments, excluding factories, and require mandatory compliance within their respective jurisdictions.

05/30/2024
SEBI's Consultation Paper on BRSR Aims to Ease ESG Compliance

India Briefing
05/30/2024
Guide to India's Foreign Manufacturer Certification Scheme

India Briefing
05/28/2024
Why Foreign Portfolio Investors May Soon Prefer India's GIFT IFSC Over Traditional Investment Routes

India Briefing
05/23/2024
CCI Updates: New Merger Control Regulations, Focus on Digital Market and AI

India Briefing
05/15/2024
Industry Bodies, Associations Seek Extension for Digital Competition Bill Feedback

India Briefing

Industries

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

07/18/2024

India's market for global capability centers (GCCs), also known as global in-house captives or GICs, is thriving, with a projected CAGR of 14 percent for the period from 2023 to 2030. We discuss India's key appeal.

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

07/17/2024

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

India to Fund AI Computing Infrastructure with 10,000 GPUs

07/04/2024

At the INDIAai Summit 2024, Union Minister of Electronics and IT, Ashwini Vaishnaw said the country will invest in an AI computing infrastructure with at least 10,000 graphics processing units.

Hyundai India's Strategic IPO Entry to Strengthen Position in the Domestic EV Market

07/02/2024

Hyundai India's IPO listing is anticipated to be the largest ever in the Indian market, valued at US$2.9 billion. Investment banks like Citi, JP Morgan, HSBC, Morgan Stanley, and Kotak are advising Hyundai on the IPO entry.

Understanding India’s Manufacturing Landscape

06/21/2024

India is strategically positioning itself to become a global manufacturing hub to meet domestic growth objectives, achieve export targets, and fulfill geopolitical aspirations.