Company News
Highlights: India
The Indian government has simplified some foreign direct investment policies that affect investment coming into the country. These are largely to be welcomed.
Indian Government to Ease FDI Approval Process
The Indian government is considering relaxing norms for foreign direct investment to require that only projects worth about US$217 million to US$326 million will need final approval from the Cabinet Committee on Economic Affairs (CCEA).
New Issue of India Briefing Magazine: Setting Up in India
In the new issue of India Briefing, we take a look at setting up liaison offices, project offices, Branch offices and private limited companies in India.
India Releases Income Tax Deduction Rates for 2009-2010
The Income Tax Department recently released a circular detailing the tax deduction rates on salaries for the financial year 2009-2010.
New Document to Streamline FDI Process in India
The Indian government wants to release a single document that will streamline the foreign direct investment process by the end of March. The document will come in a single consolidated press note that will replace the currently used 177 press notes and detail sectoral caps and how foreign investments would be treated.
GST Implementation Delayed in India
The set April 1 deadline for the introduction of the new Goods and Services Tax (GST) is likely to be rescheduled.
Indian Commerce Ministry to Confirm Tax Breaks for SEZs
The Commerce Ministry will consult with the Finance Ministry to confirm the tax breaks available to special economic zones (SEZs) to clarify the security of existing SEZ tax breaks for developers.
Reserve Bank of India Modifies Commercial Borrowing Policy
The Reserve Bank of India has modified its external commercial borrowing (ECB) policy; the changes will take effect from January 1, 2010.
Indian Government Clears 17 FDI Proposals
The Indian government has approved 17 foreign direct investment proposals worth US$$984 million.