Japanese companies operating in India face many barriers to doing business, according to a report from the Japanese Ministry of Economy, Trade and Industry. Some of the key barriers mentioned include inadequate infrastructure, inefficient and opaque bureaucracy, inconsistent policies and regulations, restrictive labor and foreign investment laws, high tariffs, and foreign exchange controls. Addressing these issues would help attract more foreign investment and business to India.
Mergers and acquisitions have been a major part of consolidation in the Indian telecom industry over the last decade. Foreign investors see India as one of the fastest growing telecom markets due to reforms that have dramatically changed the industry. M&A activity has been driven by new technologies and deregulation allowing firms to provide bundled services. Regulatory guidelines from bodies like TRAI and DOT govern M&A deals and allow for consolidation so long as a minimum number of operators remain in each area and no single operator gains a monopoly. Foreign investment in the telecom sector is permitted up to 74% under automatic approval routes according to FEMA guidelines.
India is one of the fastest growing economies in the world, averaging over 7% growth per year for the last 4 years. It has a liberal FDI policy and allows up to 100% foreign ownership in most sectors. Key advantages for foreign investors include a large skilled workforce, strong manufacturing base, growing middle class, and stable economic and political environment. Major sectors attracting FDI include services, automobiles, telecommunications, and pharmaceuticals. While India provides many opportunities, investors should do thorough due diligence and have strong legal agreements to address intellectual property, taxation, disputes, and other regulatory issues.
GOVERNMENT SHOULD DESIST FROM INTERFERING IN THE CA PROFESSIONNeha Sharma
The document summarizes key points from various articles:
1) The Finance Minister met with bank CMDs who expressed concern over 700,000 crore worth of infrastructure and industrial projects being stuck or awaiting implementation due to issues like coal linkages, toll collection points, and financial closure not being completed.
2) Reasons cited for lack of investment in India include policy uncertainty, aggressive tax authorities, lack of clearances, and negative attitude of regulators.
3) SEBI and other regulators announced various policy changes and guidelines regarding FDI limits, investment in alternative investment funds, setting up of a BRICS development bank, reporting of OTC derivatives, foreign investment debt limits, and SIDBI venture capital investments
Foreign direct investment (FDI) refers to long-term cross-border investment made by a firm in business activities located in another economy. FDI can take several forms including mergers and acquisitions, joint ventures, and wholly owned subsidiaries. India allows FDI through various modes and sectors to promote economic growth. While FDI has benefits like job creation and technology transfers, it also poses risks such as inflation and loss of policy flexibility. Overall, FDI has played an important role in India's development but more can still be done to spread its benefits across sectors and regions.
The document discusses various sources of foreign capital for India including foreign direct investment, foreign institutional investors, exports, foreign aid, and remittances. It then focuses on foreign institutional investors, noting that India has become an attractive destination for FIIs due to its growing economy. Several government initiatives have been taken to increase FII participation such as increasing investment limits and simplifying registration norms. FIIs have increasingly invested in both the equity and debt markets in India.
This presentation summarizes the history and current state of foreign direct investment (FDI) in India's banking sector. It notes that FDI in private sector banks is currently permitted up to 74% of equity, with 49% allowed automatically and additional amounts requiring government approval. For public sector banks, FDI is permitted up to 20% of equity. The presentation outlines the benefits of FDI for the Indian banking sector, such as technology transfer, improved risk management, better capitalization, and financial stability. It also reviews recent Reserve Bank of India guidelines regarding FDI limits and regulations in the sector.
The document summarizes the Vodafone tax controversy case in India. It provides background on the case where Vodafone International Holdings B.V acquired Hutchison Essar through a transaction outside of India. The Indian tax authorities argued this was taxable in India under section 9, while Vodafone contested jurisdiction. The Supreme Court ultimately ruled in favor of Vodafone, resulting in a 12,000 crore tax benefit and providing clarification on the taxation of non-residents.
Mergers and acquisitions have been a major part of consolidation in the Indian telecom industry over the last decade. Foreign investors see India as one of the fastest growing telecom markets due to reforms that have dramatically changed the industry. M&A activity has been driven by new technologies and deregulation allowing firms to provide bundled services. Regulatory guidelines from bodies like TRAI and DOT govern M&A deals and allow for consolidation so long as a minimum number of operators remain in each area and no single operator gains a monopoly. Foreign investment in the telecom sector is permitted up to 74% under automatic approval routes according to FEMA guidelines.
India is one of the fastest growing economies in the world, averaging over 7% growth per year for the last 4 years. It has a liberal FDI policy and allows up to 100% foreign ownership in most sectors. Key advantages for foreign investors include a large skilled workforce, strong manufacturing base, growing middle class, and stable economic and political environment. Major sectors attracting FDI include services, automobiles, telecommunications, and pharmaceuticals. While India provides many opportunities, investors should do thorough due diligence and have strong legal agreements to address intellectual property, taxation, disputes, and other regulatory issues.
GOVERNMENT SHOULD DESIST FROM INTERFERING IN THE CA PROFESSIONNeha Sharma
The document summarizes key points from various articles:
1) The Finance Minister met with bank CMDs who expressed concern over 700,000 crore worth of infrastructure and industrial projects being stuck or awaiting implementation due to issues like coal linkages, toll collection points, and financial closure not being completed.
2) Reasons cited for lack of investment in India include policy uncertainty, aggressive tax authorities, lack of clearances, and negative attitude of regulators.
3) SEBI and other regulators announced various policy changes and guidelines regarding FDI limits, investment in alternative investment funds, setting up of a BRICS development bank, reporting of OTC derivatives, foreign investment debt limits, and SIDBI venture capital investments
Foreign direct investment (FDI) refers to long-term cross-border investment made by a firm in business activities located in another economy. FDI can take several forms including mergers and acquisitions, joint ventures, and wholly owned subsidiaries. India allows FDI through various modes and sectors to promote economic growth. While FDI has benefits like job creation and technology transfers, it also poses risks such as inflation and loss of policy flexibility. Overall, FDI has played an important role in India's development but more can still be done to spread its benefits across sectors and regions.
The document discusses various sources of foreign capital for India including foreign direct investment, foreign institutional investors, exports, foreign aid, and remittances. It then focuses on foreign institutional investors, noting that India has become an attractive destination for FIIs due to its growing economy. Several government initiatives have been taken to increase FII participation such as increasing investment limits and simplifying registration norms. FIIs have increasingly invested in both the equity and debt markets in India.
This presentation summarizes the history and current state of foreign direct investment (FDI) in India's banking sector. It notes that FDI in private sector banks is currently permitted up to 74% of equity, with 49% allowed automatically and additional amounts requiring government approval. For public sector banks, FDI is permitted up to 20% of equity. The presentation outlines the benefits of FDI for the Indian banking sector, such as technology transfer, improved risk management, better capitalization, and financial stability. It also reviews recent Reserve Bank of India guidelines regarding FDI limits and regulations in the sector.
The document summarizes the Vodafone tax controversy case in India. It provides background on the case where Vodafone International Holdings B.V acquired Hutchison Essar through a transaction outside of India. The Indian tax authorities argued this was taxable in India under section 9, while Vodafone contested jurisdiction. The Supreme Court ultimately ruled in favor of Vodafone, resulting in a 12,000 crore tax benefit and providing clarification on the taxation of non-residents.
The document discusses foreign direct investment (FDI) in India. It defines FDI and explains that India first allowed FDI in 1991 under reforms led by then Finance Minister Manmohan Singh. Since then, India has progressively opened more sectors to 100% FDI, including engineering, infrastructure, tourism and IT. The advantages of FDI include increased investment, employment, tax revenue, and technology transfer, while the limitations include flows to only high-profit sectors and potential interference in politics. FDI inflows to India have increased substantially over the past decade, with the largest sources being Mauritius, Singapore and Japan. Key factors impacting FDI include profitability, costs, economic conditions and government policies.
At the outset, the new BJP led NDA Government is to be congratulated for winning the General Election with a thumping majority. The agenda of the BJP government in the shape of their visionary Election Manifesto will lead the direction to a Growth oriented, people friendly, consensus driven policies.
foriegn direct investment FDI in india 2001-2016Tushar Yadav
Foreign direct investment (FDI) refers to direct investment into a country from another country. FDI can occur through buying a company in the target country or expanding existing operations. India allows FDI through both automatic and government routes. The key determinants of FDI include stable policies, economic factors like taxes and subsidies, infrastructure, natural resources, and cheap labor. While FDI into India has grown significantly in recent years, issues like inadequate infrastructure, stringent labor laws, and corruption have limited FDI flows. FDI provides benefits like new technology, jobs, and export growth, but can also crowd out local industries and affect the national environment and culture.
MSME FInance - Post COVID-19 Hindi & EnglishGoStartUp
The global crisis has forced a lot of businesses to reassess their strategies and include ‘out of the box’ reforms and solution to not just sustain but grow their business.
Find valuable insights in this presentation.
Why does India need FDI, How will FDI benefit us, What will be the disadvantages? Read everything you wanted to know about Foreign Direct Investment and the role played by Foreign Exchange Management Act, in this Research Report from Resurgent India
The document summarizes India's consolidated FDI policy framework, which integrates all prior FDI regulations into a single document for greater clarity and ease of understanding. Key points include:
- The Commerce Minister released the final consolidated FDI policy document.
- It rescinds all past press notes and provides a single platform for all FDI policy information.
- The document will be updated every 6 months to keep the framework current.
- Several issues like FDI in LLPs are still under discussion and will be added later.
India is the seventh largest country by area and second most populous country. Its economy is the seventh largest in the world by nominal GDP and third largest by purchasing power parity. The document discusses ways to improve ease of doing business in India through simplifying compliances, facilitating investments, improving contract enforcement, using technology, and changing mindsets. Key government initiatives to boost employment and entrepreneurship through programs like Startup India, Standup India, Mudra Bank, and Digital India are also summarized. Challenges to business like complex taxation and bureaucratic hurdles are briefly mentioned.
Economics presentation (Ease of Doing business in India ppt)Adithya Shettar
The document discusses India's performance in the World Bank's Ease of Doing Business rankings. It provides details on how the rankings are calculated based on 10 sub-indices. India has improved its ranking over the years due to various reforms like streamlining construction permits, reducing the time required to get electricity connections, implementing GST to replace multiple taxes, and enacting a new bankruptcy code. The document outlines India's progress on different indicators and highlights further reforms needed to continue improving the business environment and achieve a top 50 ranking.
Labour laws and legal environment in india for european unionSekhar reddy Muppala
The document provides an overview of labour laws, legal environment, business regulations, and foreign investment regulations in India as they relate to European investors. It discusses key labour laws covering areas like trade unions, wages, minimum wages, bonuses, working conditions, and temporary/contract workers. It also outlines intellectual property laws, commercial laws, taxation, foreign direct investment procedures and policies, bilateral investment and trade between India and European countries, and advantages of an EU-India free trade agreement. The legal environment and regulations in India have become more liberal and attractive for foreign/European investors and companies in recent decades.
India is currently the world's fastest growing economy, with a rising middle class fueling aspirations for growth it is no surprise that investors would be looking to invest in India. India offers a great opportunity with its labour pool, market size, low cost base. There are also challenges in the form of complex tax and regulatory structure and many fold compliances to be taken care of. This presentation aims to guide the investor looking at India and educate them on the options before them.
This document discusses several issues related to human resources, training, labor, and statutory insurance in Vietnam. It provides recommendations to revise key aspects of Vietnam's Labor Code, including allowing more flexibility in contract terms and overtime hours. It also recommends clarifying termination procedures and expanding the scope of activities that can result in dismissal. The document recommends reconsidering the definition of salary used for social insurance contributions to reduce costs. It suggests making social and health insurance contributions optional for non-Vietnamese employees if they have coverage elsewhere. Finally, it addresses the benefits of international education for Vietnamese students.
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This document discusses startups and ease of doing business. It begins with an agenda that covers startups and ease of doing business. It then provides definitions of a startup according to the Indian government and details the criteria an entity must meet to be considered a startup. The document also discusses GNLU's initiatives to support startups founded by its students. Finally, it covers the concept of ease of doing business, how countries are ranked each year by the World Bank, and some of the methodology used to compile the rankings.
The document summarizes the development and implementation of merger control regulations in India by the Competition Commission of India (CCI). It discusses how there was initial opposition to bringing merger control provisions into force, but that the CCI was finally able to notify final merger regulations in May 2011. It describes some initial amendments made by the CCI in 2012 and 2013 to refine the merger review process based on experience. It also notes that after over two years of implementation, it is an appropriate time to review the CCI's performance in regulating combinations and mergers under Indian competition law.
This document is the introduction to the 2017 edition of the World Bank report "Doing Business". It highlights that the report analyzes business regulations and their impact in 190 economies. This year's report places additional focus on gender equality and examines how regulations may differently impact female entrepreneurs. The report also discusses how smarter business regulations can help reduce income inequality by creating a level playing field for entrepreneurs. Many economies have undertaken reforms in recent years to improve their business environments based on the Doing Business assessments. The goal of the report is to help entrepreneurs in low-income countries face easier business conditions.
Foreign direct investment (FDI) refers to investment made by foreign companies or individuals in productive assets located in another country. FDI brings capital, business experience, and technical know-how to the domestic economy. India allows FDI through an automatic route for most sectors, while some sectors require approval from the Foreign Investment Promotion Board. Since economic liberalization began in 1991, FDI inflows to India have increased and benefited the economy through job creation, technology transfer, increased exports and tax revenue. The top sectors and countries for FDI in India between 2000-2011 are also outlined.
The document summarizes the tax regime in India for expatriates and provides an overview of the changing Indian economy. It discusses the tax implications for inbound and outbound assignees, including residency status, taxation of worldwide income, relief under domestic laws and double taxation treaties. It also covers compensation and benefits offered to expatriates like housing allowances, tax assistance, and employee stock ownership plans. Fringe benefits taxation in India is also summarized.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The Doing Business 2013 report finds that over the past 10 years, 180 economies implemented close to 2,000 business regulatory reforms as measured by Doing Business indicators. While regulatory practices have been converging globally, Eastern Europe and Central Asia improved the most, overtaking East Asia and the Pacific as the second most business-friendly region. Reform efforts have focused on starting a business, tax administration, and trade. Poland implemented the most reforms in 2011/12, making business registration, tax payment, contract enforcement, and insolvency resolution easier. European economies in fiscal distress are also working to improve business regulation.
The document discusses India's rankings in the World Bank's annual Doing Business Report, which measures business regulations and their impact on domestic firms. Some key points:
- India ranked 134 out of 189 economies in terms of ease of doing business, down from 131 the previous year.
- It takes 27 days and costs 47.3% of income per capita to start a business in India, where the country ranked 179th in ease of starting a business.
- Resolving insolvency in India takes 4.3 years and recovery rate for creditors is only 25.6 cents on the dollar, resulting in a 121st ranking in resolving insolvency.
- Overall India has been a laggard in
The document discusses foreign direct investment (FDI) in India. It defines FDI and explains that India first allowed FDI in 1991 under reforms led by then Finance Minister Manmohan Singh. Since then, India has progressively opened more sectors to 100% FDI, including engineering, infrastructure, tourism and IT. The advantages of FDI include increased investment, employment, tax revenue, and technology transfer, while the limitations include flows to only high-profit sectors and potential interference in politics. FDI inflows to India have increased substantially over the past decade, with the largest sources being Mauritius, Singapore and Japan. Key factors impacting FDI include profitability, costs, economic conditions and government policies.
At the outset, the new BJP led NDA Government is to be congratulated for winning the General Election with a thumping majority. The agenda of the BJP government in the shape of their visionary Election Manifesto will lead the direction to a Growth oriented, people friendly, consensus driven policies.
foriegn direct investment FDI in india 2001-2016Tushar Yadav
Foreign direct investment (FDI) refers to direct investment into a country from another country. FDI can occur through buying a company in the target country or expanding existing operations. India allows FDI through both automatic and government routes. The key determinants of FDI include stable policies, economic factors like taxes and subsidies, infrastructure, natural resources, and cheap labor. While FDI into India has grown significantly in recent years, issues like inadequate infrastructure, stringent labor laws, and corruption have limited FDI flows. FDI provides benefits like new technology, jobs, and export growth, but can also crowd out local industries and affect the national environment and culture.
MSME FInance - Post COVID-19 Hindi & EnglishGoStartUp
The global crisis has forced a lot of businesses to reassess their strategies and include ‘out of the box’ reforms and solution to not just sustain but grow their business.
Find valuable insights in this presentation.
Why does India need FDI, How will FDI benefit us, What will be the disadvantages? Read everything you wanted to know about Foreign Direct Investment and the role played by Foreign Exchange Management Act, in this Research Report from Resurgent India
The document summarizes India's consolidated FDI policy framework, which integrates all prior FDI regulations into a single document for greater clarity and ease of understanding. Key points include:
- The Commerce Minister released the final consolidated FDI policy document.
- It rescinds all past press notes and provides a single platform for all FDI policy information.
- The document will be updated every 6 months to keep the framework current.
- Several issues like FDI in LLPs are still under discussion and will be added later.
India is the seventh largest country by area and second most populous country. Its economy is the seventh largest in the world by nominal GDP and third largest by purchasing power parity. The document discusses ways to improve ease of doing business in India through simplifying compliances, facilitating investments, improving contract enforcement, using technology, and changing mindsets. Key government initiatives to boost employment and entrepreneurship through programs like Startup India, Standup India, Mudra Bank, and Digital India are also summarized. Challenges to business like complex taxation and bureaucratic hurdles are briefly mentioned.
Economics presentation (Ease of Doing business in India ppt)Adithya Shettar
The document discusses India's performance in the World Bank's Ease of Doing Business rankings. It provides details on how the rankings are calculated based on 10 sub-indices. India has improved its ranking over the years due to various reforms like streamlining construction permits, reducing the time required to get electricity connections, implementing GST to replace multiple taxes, and enacting a new bankruptcy code. The document outlines India's progress on different indicators and highlights further reforms needed to continue improving the business environment and achieve a top 50 ranking.
Labour laws and legal environment in india for european unionSekhar reddy Muppala
The document provides an overview of labour laws, legal environment, business regulations, and foreign investment regulations in India as they relate to European investors. It discusses key labour laws covering areas like trade unions, wages, minimum wages, bonuses, working conditions, and temporary/contract workers. It also outlines intellectual property laws, commercial laws, taxation, foreign direct investment procedures and policies, bilateral investment and trade between India and European countries, and advantages of an EU-India free trade agreement. The legal environment and regulations in India have become more liberal and attractive for foreign/European investors and companies in recent decades.
India is currently the world's fastest growing economy, with a rising middle class fueling aspirations for growth it is no surprise that investors would be looking to invest in India. India offers a great opportunity with its labour pool, market size, low cost base. There are also challenges in the form of complex tax and regulatory structure and many fold compliances to be taken care of. This presentation aims to guide the investor looking at India and educate them on the options before them.
This document discusses several issues related to human resources, training, labor, and statutory insurance in Vietnam. It provides recommendations to revise key aspects of Vietnam's Labor Code, including allowing more flexibility in contract terms and overtime hours. It also recommends clarifying termination procedures and expanding the scope of activities that can result in dismissal. The document recommends reconsidering the definition of salary used for social insurance contributions to reduce costs. It suggests making social and health insurance contributions optional for non-Vietnamese employees if they have coverage elsewhere. Finally, it addresses the benefits of international education for Vietnamese students.
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This document discusses startups and ease of doing business. It begins with an agenda that covers startups and ease of doing business. It then provides definitions of a startup according to the Indian government and details the criteria an entity must meet to be considered a startup. The document also discusses GNLU's initiatives to support startups founded by its students. Finally, it covers the concept of ease of doing business, how countries are ranked each year by the World Bank, and some of the methodology used to compile the rankings.
The document summarizes the development and implementation of merger control regulations in India by the Competition Commission of India (CCI). It discusses how there was initial opposition to bringing merger control provisions into force, but that the CCI was finally able to notify final merger regulations in May 2011. It describes some initial amendments made by the CCI in 2012 and 2013 to refine the merger review process based on experience. It also notes that after over two years of implementation, it is an appropriate time to review the CCI's performance in regulating combinations and mergers under Indian competition law.
This document is the introduction to the 2017 edition of the World Bank report "Doing Business". It highlights that the report analyzes business regulations and their impact in 190 economies. This year's report places additional focus on gender equality and examines how regulations may differently impact female entrepreneurs. The report also discusses how smarter business regulations can help reduce income inequality by creating a level playing field for entrepreneurs. Many economies have undertaken reforms in recent years to improve their business environments based on the Doing Business assessments. The goal of the report is to help entrepreneurs in low-income countries face easier business conditions.
Foreign direct investment (FDI) refers to investment made by foreign companies or individuals in productive assets located in another country. FDI brings capital, business experience, and technical know-how to the domestic economy. India allows FDI through an automatic route for most sectors, while some sectors require approval from the Foreign Investment Promotion Board. Since economic liberalization began in 1991, FDI inflows to India have increased and benefited the economy through job creation, technology transfer, increased exports and tax revenue. The top sectors and countries for FDI in India between 2000-2011 are also outlined.
The document summarizes the tax regime in India for expatriates and provides an overview of the changing Indian economy. It discusses the tax implications for inbound and outbound assignees, including residency status, taxation of worldwide income, relief under domestic laws and double taxation treaties. It also covers compensation and benefits offered to expatriates like housing allowances, tax assistance, and employee stock ownership plans. Fringe benefits taxation in India is also summarized.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The Doing Business 2013 report finds that over the past 10 years, 180 economies implemented close to 2,000 business regulatory reforms as measured by Doing Business indicators. While regulatory practices have been converging globally, Eastern Europe and Central Asia improved the most, overtaking East Asia and the Pacific as the second most business-friendly region. Reform efforts have focused on starting a business, tax administration, and trade. Poland implemented the most reforms in 2011/12, making business registration, tax payment, contract enforcement, and insolvency resolution easier. European economies in fiscal distress are also working to improve business regulation.
The document discusses India's rankings in the World Bank's annual Doing Business Report, which measures business regulations and their impact on domestic firms. Some key points:
- India ranked 134 out of 189 economies in terms of ease of doing business, down from 131 the previous year.
- It takes 27 days and costs 47.3% of income per capita to start a business in India, where the country ranked 179th in ease of starting a business.
- Resolving insolvency in India takes 4.3 years and recovery rate for creditors is only 25.6 cents on the dollar, resulting in a 121st ranking in resolving insolvency.
- Overall India has been a laggard in
Karunvir Singh from Collage kcl-imt in Jal. Punjab presented on Bluetooth. Bluetooth is a wireless technology standard that allows for short-range data transmission between devices using radio waves. It can connect up to 7 devices in a piconet and devices can switch between master and slave roles. Bluetooth uses frequency hopping spread spectrum technology across the 2.4 GHz band. Common applications include wireless headsets, connecting phones to car stereos, file transfers between devices, and replacing cables for keyboards, mice, and other computer peripherals. Devices must support Bluetooth profiles to communicate using defined applications.
This document provides an overview of taxation and investment in India. It discusses India's business environment, currency, banking/financing systems, foreign investment policies, and tax incentives. It also covers the various forms of business entities, taxation rules for businesses and individuals, withholding taxes, indirect taxes, labor laws, and Deloitte's office locations in India. The key topics include India's federal democratic system, the three-tier economy, regulation of prices and intellectual property, the banking sector led by the Reserve Bank of India, policies around foreign direct investment, and various tax incentives to promote investment.
Building bridges - A newsletter from Grant Thornton’s Indo-Japan Desk - Volume 1Misbah Hussain
The newsletter aims to elucidate the key milestones in the ever evolving relationship of India and Japan, and provide insights to dynamic businesses in India and Japan on key developments.
This document provides an overview of foreign direct investment (FDI) in India. It defines FDI and describes the different types including horizontal, vertical, and conglomerate investments. It outlines the FDI policy in India, including the sectors that allow 100% FDI through the automatic route versus those that require government approval. The document discusses the advantages and disadvantages of FDI for host countries. It also summarizes the major reforms to India's FDI policy since the 1990s that have liberalized and encouraged more foreign investment.
Make in india – a formidable step in right directionNeha Sharma
Make in India campaign of Prime Minister Narendra Modi has evoked lots of attention all over the world. Prospective investors from China, Japan, USA etc are eagerly watching changes being made in the directions of investment liberalization . There is no doubt that with this PM has taken a major initiative to bring Indian and International Corporate Sector on one platform to aggressively boost industrial production and growth in India.
A Special Economic Zone (SEZ) is a geographical region with economic laws that are more liberal than a country's domestic laws to attract foreign direct investment and help exports. SEZs aim to create a business-friendly environment through duty exemptions and single-window clearance. India's first SEZ was set up in 1965 and the current SEZ policy dates to 2000, offering tax holidays, duty exemptions, and relaxed regulations to boost investment and exports. However, SEZs have also faced issues regarding loss of government revenue, regional imbalance, environmental impacts, and employee working conditions.
Business Setup Article : Indian eWaste Industry: eBizwire October 2012Corporate Professionals
E-waste Industry in India: This era is a witness to the most technologically advanced generations which the earth has ever borne: Generation X, the ones that saw light of the day in 1960s and 70s; Generation Y which was born in the 80s and the 90s; and finally the Generation Z that is right now enrolled in schools and colleges.
Foreign direct investment (FDI) refers to a company from one country making a physical investment into building a factory in another country. To qualify as FDI, the parent company needs to own at least 10% of voting shares of the foreign affiliate. There are various types of FDI, including joint ventures and setting up branches or project offices abroad. FDI can be attracted through economic growth opportunities, deregulation policies, and operational flexibility offered in a country. Both foreign and domestic companies face various tax implications for foreign collaborations in India.
Foreign Direct Investments (FDI) refers to a company from one country making a physical investment into building a factory in another country. For an investment to qualify as FDI, the parent company needs to own at least 10% of voting shares or power of the foreign affiliate. Types of FDI include joint ventures, technical collaborations, and setting up branches or project offices. Economic factors that increase FDI inflows include economic growth, deregulation, liberal investment rules, and operational flexibility in the host country.
India's Union Budget for FY20 is a hurriedly assembled cocktail of Gandhi, Marx and Adam Smith. All previous attempts to make such a cocktail have ended in disaster. If we do succeed this time, it will be miraculous.
The budget aims to balance socialism, wealth redistribution, and laissez-faire economics but past attempts at this balance have failed. It promises many transformative ideas but lacks specifics on implementation. While expanding infrastructure and promoting self-reliance, it raises taxes on the wealthy and aims to increase compliance.
This document provides an overview of key tax considerations related to mergers and acquisitions in India. It covers recent developments in India's tax laws including the introduction of taxation on virtual digital assets at 30%, extension of anti-avoidance rules against bonus stripping to new asset classes, and capping of the surcharge on long term capital gains at 15%. The document also discusses various forms of business entities in India, applicable tax rates, and clarifications issued on the interpretation of most favored nation clauses in India's tax treaties.
The document provides an overview of foreign collaboration in India, including:
1) It discusses the key regulations governing foreign investment in India and the roles of the Reserve Bank of India and Department of Industrial Policy and Promotion.
2) It summarizes the two main types of foreign collaboration - financial collaboration involving equity investment, and technical collaboration involving technology transfer.
3) It provides details on the automatic route and government approval route for foreign technical agreements, and the relevant policies around royalty payments.
Raghu Babu Gunturu (Co-founder & Partner - R & A Associates & Samisti Legal) made this presentation at TatXpo2019 in Sydney on 27 Aug 2019. The presentation covers, how India made various moves to see how its very attractive destination to make investments and to do easy business with.
http://www.rna-cs.com
https://www.samistilegal.in
The document summarizes key opportunities and challenges for doing business in India over the next decade. It notes that India will require $1.7 trillion in infrastructure investments in the coming years. Major sectors of focus include power, transportation, ports, and telecommunications. India also has a growing middle class of 300 million people and is becoming a manufacturing hub for South Asia due to its skilled workforce and large domestic market. However, doing business in India presents challenges such as corruption, bureaucracy, and cultural differences that require due diligence. The document provides an overview of the legal and tax environment in India and recommendations for structuring foreign investments.
How to setup manufacturing in india rcic.incasilicaseo
1) Setting up manufacturing in India requires numerous regulatory compliances including obtaining an industrial license, registering the business entity, procuring land or office space, meeting quality standards, and adhering to various sector-specific and environmental laws.
2) Full compliance is complex due to the large number (around 2000) of regulations and the dynamic nature of the regulatory environment. Hiring an experienced Indian law firm can help navigate requirements more efficiently.
3) The Indian government aims to streamline processes and ease norms to attract more foreign investment and manufacturing given increasing interest from multinational companies.
Step by step guide to set up manufacturing in india (1)Ashish vishal
India is increasingly becoming the preferred location for businesses looking to set up a strong business f oothold, especially in the Asia-Pacific region. https://www.rickychopra.co/
The document discusses foreign direct investment (FDI) policies in the telecom sector of India. It provides background on the liberalization of the Indian telecom sector in the 1990s and the growth of private operators. The key points are:
1) India increased the FDI cap in the telecom sector to 100% in 2013 to attract more foreign investment and help cash-strapped operators expand networks.
2) Mauritius has historically been the largest source of FDI in the Indian telecom sector, though investments from Singapore are relatively low.
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Barriers to business in india
1. 2002, Jan. 13
Ministry of Economy, Trade and Industry
Japan
Barriers to Business in India
Japanese companies operating in India have indicated that there are many
barriers to doing business in the Indian market. The following is the list of
barriers that Japanese companies in India mentioned to our Ministry.
1. Infrastructure
Infrastructure in such areas as electric power, roads and telecommunications
networks has not been developed and this is the principal barrier to the
enlargement of overseas investment in India.
Japanese companies in India are required to pay additional costs to avoid
breakdown of machinery due to blackouts and voltage changes. The bad
condition of roads inflicts damage on commodities during transportation.
Transportation between Delhi and the South takes one week due to the lack of
express highways. Economic losses are incurred because of the long
transportation time and high gasoline cost caused by traffic jams in urban
areas.
International telecommunication is monopolized by VSNL and the market
principle does not work. Setting up private telephone lines between a
subsidiary in India and its parent company in Japan is allowed, while this is
restricted between subsidiaries. Also, setting up private computer-data lines
between subsidiaries is allowed, but the line capacity is restricted to 64
kilobyte per second. At least 356 kilobyte is necessary.
Improvements in airlines, railroads, sanitation, hotels and social security
would also be likely to attract more foreign visitors.
2. Inefficient, Opaque and Arbitrary Procedure of Civil Service
Procedures concerning investment, import and taxation, and execution of laws
and regulations, etc. neither quick nor consistent.
It is strongly hoped that investment procedures are simplified and related
1
2. consultation services made more. Neither FIIA (the Foreign Investment
Implementation Authority) nor FIBP (the Foreign Investment Promotion
Board) offers “one-stop-window” functions. Complicated procedures are
required to obtain approval of investment at each related organization.
3. Inconsistent Industrial Policy and Rules
Laws, regulations and rules are often and suddenly changed.
Foreign companies develop their business in EPZ/ESZ/STP/EHTP due to
preferential treatments offered there. Since tariffs which had been exempted
suddenly began to be imposed in a EPZ, one Japanese company is considering
withdrawal.
4. Labor Regulations and Protections
Under the Industrial Labor Law, in the case that any company employing more
than 100 employees lays off staff, it must first acquire permission from the
state government. As it is extremely difficult to obtain such permission from
the state government, not only does this regulation directly affect flexible
business plan changes, but it also makes business closure difficult. In a market
in which business exit policies are inflexible, it is difficult to attract new
investment.
Harassment by a professed leader of a labor union is rampant at a Japanese
company near Mumbai, which reduces the company’s incentive to invest.
There are also cases in which police or politicians intervene.
5. Regulations concerning the No-Objection Certificate (NOC)
If foreign businesses with capital participation or technical partnerships in
India wish to establish a new joint venture with an Indian business or a new
100% owned subsidiary, an obligatory requirement is to obtain a No-Objection
Certificate (NOC) from their existing partners. Even though deregulation that
allows foreign companies to have 100% foreign capital participation in most
fields has been implemented, the regulation of NOC has negative effects on the
deregulation. In addition, in cases where the NOC is issued, there are various
obstacles to business, including the demand for a large amount of money from
the existing partner company.
6. Regulations on Foreign Investment
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3. There are upper limits placed on the ratio of foreign capital allowed in such
sectors as sales, private airlines, telecommunications, real estate, banking and
insurance.
As Japanese trading companies have entered the Indian market early, there is
a strong desire among them for this upper limit on foreign capital to be
abolished, in particular in the sales industry. This is because for local
subsidiaries wholesale activities are in principle banned, and retail sales are
totally banned. The introduction of foreign investment into the sales industry
is linked to development of the domestic distribution system, increase of
employment and expansion of export destinations for Indian products.
7. Discriminatory Rate of Corporate Tax
The corporate tax for domestic corporations is 35%, while that for foreign
corporations is 40%. This difference is quite large. According to the above-
mentioned regulations on foreign investment, companies including banks,
trading companies and airlines are not able to have a majority share. If these
companies choose the form of a branch of a foreign corporation, that results in
a high rate of corporate tax being imposed in them.
8. High Tariff Ratios
India’s tariffs consist of the following: ① basic tariffs + ② countervailing
tariffs + ③ special additional tariffs (SAD). We welcome the gradual reduction
of the basic tariffs, however, the high tariff ratio remains in place.
In August 1998, India introduced the SAD. In December 1998, in consultations
on WTO dispute settlement procedures, it was pointed out by the EU that if
there were products whose real tariff rates were to exceed the concessionary
tariff rates of WTO as a result of imposition of the SAD, then there was a
possibility of the SAD being in violation of GATT Article II. In the first
Dialogue, the Indian side stated that the SAD was a temporary measure and
that it would not be permanent, but the SAD remains in existence.
The high tariff ratio on parts and components is hitting Japanese corporations
in India by increasing the cost of completed products. As the tariff differential
between completed goods and components is small, for example, with a tariff of
25% on electronics components and 30% on completed products, this is
detracting from incentives for direct investment in India.
3
4. Rules of tariff change every year along with the government’s budget
compilation. Also, since the system of laws concerning tariffs is quite
complicated, the tariff rate is treated differently by each member of staff of the
tariff authority.
9. Foreign Exchange Control
1) Duty to submit proof of transaction
Although new Foreign Exchange Management ACT and new Rules have been
enforced, the duty to submit detailed proof of transactions still remains.
2) Prohibition of foreign exchange futures contract
Foreign exchange futures contracts are banned even by new Foreign
Exchange Management Rules. You cannot set up a risk-hedge for remittance
from parent companies abroad.
3) Advance permission for remittance
It takes for one to several months to obtain permission from the RBI for
remittance from abroad. It took nine months in one case. Permission is
required for every remittance. Also, you are required to submit evidence
including contracts.
10. Regulations concerning Transfer of Royalties
The transfer of royalties is not liberalized and requires permission from the
ministries and agencies concerned in India, including the RBI. Although it was
decided in September 2000 that the transfer of a certain amount of money by
100% foreign-owned subsidiaries are automatically permitted, it is still very
difficult to collect payment for technology transfers unless the cap of the
amount is abolished. It is vital for India to receive technology transfers from
abroad, and the above-mentioned regulation that hinders such technology
transfer.
11. R&D Cess
Based on the R&D Cess Law, fees for technology transfers from overseas are
subject to a tariff of 5%. In addition, areas of application are ambiguous and
arbitrary. This regulation is proving a hindrance to the transfer of foreign
technology, which is essential for India to improve its domestic technology level.
4
5. 12. Software Taxation of 20 %
When a company in Japan pays for software that it ordered from a company in
India, a withholding tax equal to 20% of the payment is imposed, based on the
India-Japan Tax Treaty. The cost is higher when a company in Japan orders
software from a company in India than when it orders from a company other
than in India.
13. Octroi and different taxation policies among states
Octroi increases distribution costs and prevents just-in-time distribution of
parts.
Local taxes on sales are high, and taxation rules differ by local governments.
They are suppressing the profits of companies.
14. Transfer-Value Tax
Transfer-value tax was introduced in FY 2001. Although the rule of
enforcement was declared on August 21, the tax was applied from April 1 and
companies did not have enough time to prepare. Regulations are strict, such as
the requirement for a report by an accountant.
15. Regulations on Banking
1) Regulation of equity capital
Equity capital ratio of the branches of foreign banks in India is calculated on
the basis of the amount of the capital brought into India. This restricts the
amount of loans they can make. It should instead be calculated on the basis
of the equity capital of the banks’ headquarters, according to the
international standard of BIS.
2) Limitation on amount of loans
The equity capital of the branches of foreign banks in India used to be
allowed to include capital brought into India plus offshore loans in foreign
currency from their headquarters to them. But offshore loans were removed
in April, 2001. This restricts the amount of loans they can make.
3) Compulsory loans to priority sectors
A certain amount of total loans must be made to some priority sectors such
as agriculture, small-scale industries and housing.
5
6. 4) CRR (Currency Reserve Ratio) and SLR (Statutory Liquidity Ratio)
The high CRR and SRR imposed on commercial banks push up their capital-
procurement cost, which results in high loan interest rates. Japanese
companies are prevented from developing in India by such high interest rates.
Since most of the profits goes to pay the loan interest, only large companies
can afford to invest.
5) Limitation on borrowings from overseas headquarters
The amount of loans headquarters make to their branches in India is limited
to 10 million dollars or 15% of a branch’s equity capital.
6) Limitation on foreign capital
Foreign capital for banks is limited to 49%.
16. Discrimination in International Bids
Memoranda issued by related ministries of the federal government offer
systems to enable local Indian companies to win in international bids.
17. Exemption from Tariffs in Yen-Loan Projects
Tariffs are exempted in yen-loan projects in some other countries, but not in
projects in India. Since tariff rates are quite high in India, tariffs should be
exempted.
18. Stock Price Control
The Foreign Exchange Management Rules require foreign companies to obtain
permission from the RBI when they transfer Indian companies’ stocks and
bonds.
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 20 (2) and
(3) impose floor prices on dealing stocks under certain conditions decided by
the regulations. When you transfer the right of business administration by
transferring stocks, you are prevented from setting appropriate stock prices
reflecting the value of the business being transferred. The control of stock
prices makes transferring stocks difficult.
19. Protection of Intellectual Property
Trademarks are infringed. At the least, trademarks that are famous worldwide
should be protected.
6
7. 20. Smuggling
Smuggled goods that are cheaper than products made in India are rampant.
We request that the Indian government crack down on them.
7