India Seeks to Alleviate COVID-19 Burden on Companies, Relaxes Compliances

India just announced schemes for companies to reduce their compliance burden and ease operations amid COVID-19.

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Due Diligence for Foreign Companies in India – New Issue of India Briefing Magazine Out Now

In this issue of India Briefing, we outline key aspects that foreign companies must focus on when conducting due diligence on an entity operating in India

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Relief for Companies in India as Lockdown Period Excluded from Insolvency Process Timeline

India amended its insolvency law to ensure that the corporate insolvency resolution process is not affected by the lockdown period due to COVID-19.

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Steel industry faces inventory build, liquidity issues

The performance of domestic steel makers is likely to be adversely impacted in Q1 FY2021 as a result of Covid-19 pandemic and the 21-day nationwide lockdown.

COVID-19 pandemic severely affects logistics industry

The coronavirus pandemic has severely impacted the logistics sector, both in India and globally, as marketplayers say that global capacity has gone down 70 per cent and freight rates have shot up by 6-8 per cent.

Set up task force to coordinate with industry: USIBC

The Centre should set up a task force to coordinate with the industry groups regarding resources, essential goods and services and technical capabilities that they can provide for responding to COVID-19, a US-India Business Council (USIBC) has recommended.

COVID-19 Lockdown in India: Top Tech Solutions for Businesses Working Remotely

We spotlight the available IT solutions for businesses in India seeking to manage their shift to remote operations during the COVID-19 outbreak.

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COVID-19 in Indien: Finanzministerium kündigt befristete Erleichterung an, verlängert die Fristen für Steuern und Einhaltung der Vorschriften

Das indische Finanzministerium hat die Einhaltung einiger finanzieller und regulatorischer Vorschriften für Einzelpersonen und Unternehmen gelockert, da COVID-19 zu wirtschaftlicher Unsicherheit geführt hat.   Die Erleichterungen umfassen eine Verlängerung der Fristen für die Einhaltung der Vorschriften, wie z.B. Einkommenssteuererklärungen und GST-Erklärungen.  Der Zoll wurde bis zum 30. Juni 2020 als „wesentlicher Dienst“ bezeichnet.  Es wird erwartet, dass bald[.....]

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COVID-19 in India: Finance Ministry Announces Temporary Relief, Extends Tax and Compliance Deadlines

India announces relief for businesses by extending major tax and compliance deadlines due to the impact of COVID-19.

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India’s Electronics Manufacturing to Benefit from 3 Schemes Worth US$6 Billion

India’s electronics manufacturing sector will benefit from schemes worth US$6 billion targeting foreign investors seeking an alternative base in Asia.

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Corporate Social Responsibility in India

India is the first country in the world to make corporate social responsibility (CSR) mandatory, following an amendment to The Company Act, 2013 in April 2014. Businesses spend over a billion dollars of their profits in areas such as education, poverty, gender equality, and hunger programs.

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COVID-19 in India: 5 Best Practices for Businesses Implementing Work-From-Home

In this article we spotlight best practices for businesses in India that have staff telecommuting or working-from-home amid the COVID-19 (coronavirus) outbreak.

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Declare API strategic sector to boost local production: CII

The Confederation of Indian Industry (CII) has urged the government to declare active pharmaceutical ingredients (APIs) a strategic sector and allow firms with lower capacity utilisation to take up their manufacturing to lower import dependence on China for it.

India Considers Easing Tax Rules, Loan Repayment Amid COVID-19

India is considering tax breaks and easier loan repayment options for SMEs amid the coronavirus (COVID-19) outbreak.

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Businesses in India May Have to Reflect COVID-19 Impact in Accounts, Say Auditors

Auditors say firms in India may have to reflect the impact of COVID-19 related disruptions on their business operations in financial statements.

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The Expanding Role of Technology in India’s HR Industry

New technologies, including artificial intelligence and automation software, are transforming how the HR industry in India operates.

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Impact of China’s Disrupted Supply Chain on India amid COVID-19

We take a look at industries and sectors in India that have been impacted by the supply chain disruption in China due to COVID-19.

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FICCI-IBA Bankers' Survey released

The tenth round of the FICCI-IBA survey was carried out for the period July to December 2019. A total of 18 banks consisting of public sector, private sector and foreign banks participated in the survey. These banks together represent about 50% of the banking industry, as classified by asset size.

Procedures for US Businesses to Establish a Liaison Office in India

Liaison office is a popular option for foreign businesses looking to enter the Indian market. Here we discuss how to set up a liaison office in India.

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India Wants to Reduce Tax Litigation with New Direct Tax Bill

India’s lower house of parliament passed the direct tax bill, which aims to reduce tax litigation and settle ongoing tax disputes.

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Foreign Single Brand Retailers in India Can Source from SEZs to Satisfy FDI Requirements

India eased norms for single brand retail FDI, allowing them to fulfill their local sourcing requirements by procuring goods produced in SEZs.

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India Briefing and Dezan Shira Sponsor Swim & First Ever Kayak, Paddleboard between Sri Lanka & India

India Briefing and the professional serves firm Dezan Shira & Associates have sponsored and made charitable donations inspired by the Adam's Bridge Swim 2020.

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