Kolkata, India: A Brief Guide for Investors

Kolkata has emerged as a popular investment destination for foreign entities with the expansion of key industries such as trade, IT, and biotechnology.

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Filing Late Tax Returns in India: Penalty and Deadline for AY 2019-20

Taxpayers in India who missed their deadline to file taxes are advised to file their tax returns by December 31, 2019 to avoid harsher penalties.

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Jewar Airport: Once ready will open more routes, arrest fares

Once ready in 2023, the International Airport in Jewar township here in Uttar Pradesh is expected to boost the aviation industry by decongesting the national capital's IGIA as well as expanding the reach of air services to a 'larger population base of the NCR region', experts opine.

Income Tax for Foreign Nationals in India

In India, an individual’s income is taxed at graduated rates, depending on his/her duration of stay in India and income level. In this article, we outline the rates and calculation methods for both income sources, and summarize common deductions and inclusions in income for expatriates working in India.

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Amazon, Flipkart may face more queries on predatory pricing

The Department for Promotion of Industry and Internal trade (DPIIT) is examining the responses by the e-commerce companies, like Flipkart and Amazon, on complaints over predatory pricing and if required will ask them for further clarification, according to a senior government official, here on Saturday.

Investors bat for value addition to farm produce in Punjab

Leading players in the agro industry on Friday batted for providing value addition to the agricultural produce of farmers in Punjab in order to ensure remunerative returns for them.

Bankers surprised at RBI's unanticipated holding of rates

Bankers and industry were surprised and disappointed on Thursday at the RBI maintaining its key interest rates unchanged, when they had been expecting the repo, or the central bank's short-term lending rate, to fall below the current 5.15 per cent even as the second quarter GDP growth has fallen to 4.5 per cent.

Former IT honcho's daughter launches 5 star hotel in Kerala

Unlike her father S.D.Shibhulal who was the co-founder of Infosys, his daughter Shruthi Shibhulal has strengthened her presence in the hospitality industry when on Tuesday, she launched their new 5 star hotel O by Tamara, in the capital city.

How to Establish a Liaison Office in India

Prospective companies and investors seeking to enter the Indian market must carefully consider their options for investment. Here, we outline the functions and requirements for setting up liaison offices in India.

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Advance Income Tax in India

Any person in India, whose estimated tax liability is more than Rs 10,000 (US$145) in a financial year, after deducting TDS, must pay income tax in advance.

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Festive boost: Oct vehicle registration up 4%

In a positive sign for the auto industry, vehicle registration in October rose by 4 per cent on year-on-year basis, largely on the back of festival demand, showed the data released by the Federation of Automobile Dealers Association (FADA).

Developing Global Free Trade: Linking India with Mercosur and the EAEU

In the second article in this five-part series, Chris Devonshire-Ellis examines India's prospective free trade scenarios with its fellow BRICS nations.

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Tech CFOs bat for digitising financial functions

Indian corporate CFOs on Friday batted for companies to digitise their financial functions at the Confederation of Indian Industry (CII) Conclave 2019 here.

Delhi’s Air Pollution and its Impact on Business

Delhi's air pollution is affecting business as usual. Learn more about why Delhi's air is polluted, how it affects business, and what is being done.

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Has India Lost its Free Trade Mojo? Or Will Delhi Substitute the RCEP for the EAEU?

Chris Devonshire-Ellis examines India's free trade posture in this Op/Ed, which analyzes India's position on the RCEP and the EAEU trade blocs.

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Why India Has Opted Out of the RCEP

India has opted out of the RCEP after failing to receive assurances on its concerns over market access, tariff relaxations, and non-tariff barriers.

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India’s Special Economic Zones: A Primer

India’s SEZs offer tax incentives to their resident businesses. In this article, we highlight key information relevant for companies setting up in an Indian SEZ or developing an SEZ.

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HR Policies in India: 10 Best Practices for Employers

Employers should review HR policies in India regularly to ensure that their practices are compliant with local laws. Here, we provide 10 best practices that serve as a good introduction or refresher for any HR professional.

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Passenger car off-take shows positive trend on Dhanteras'19

Automobile sales, especially of passenger vehicles, have shown a positive trend on the auspicious day of Dhanteras 2019, industry insiders said.

Mining closure disturbed Goa's industrial eco-system: CM

The closure of the mining industry in Goa has disturbed the industrial eco-system in Goa, Chief Minister Pramod Sawant said on Thursday.

Samsung heir in India, likely to meet Modi, Mukesh Ambani

Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday.

AI sale gathers pace, Niti Aayog takes up SpiceJet's 'industry-wide concerns'

As decks are being cleared for privatization of national carrier Air India, government is considering five key suggestions given by Ajay Singh-controlled SpiceJet to make India a global aviation hub.

Telangana urges CII to form Southern trade, investment block

Telangana's Industry Minister K. T. Rama Rao on Thursday urged the Confederation of Indian Industry (CII) to work towards creating a southern block of trade and investment.

India’s Tax Cut – Corporate Rates Slashed to Encourage Investment, Revitalize Economy

India just slashed its corporate tax rate by almost 10 percentage points as Prime Minister Narendra Modi's government seeks to boost investor sentiment in the country.

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Tax sops to boost India's IT competitiveness: Nasscom

Terming the tax relief as a positive step to promote growth, investment and jobs, the Indian IT industry's apex body Nasscom on Friday said the bold measures would increase India's competitiveness in software services and products.

SoftBank Group Corp keen to invest in Andhra

SoftBank Group Corp of Japan has evinced interest to invest in the electric vehicles industry in Andhra Pradesh, an official statement said.

Pedal-to-Metal: More steps, time needed for auto sector revival

With automobile industry's August sales touching the lowest level since 1997-98, industry insiders assert that the time is ripe for the government to take other steps to save as many as million contractual jobs which depend on this sector.

Slowdown-to-Scrap Yard: India's 'Cash for Clunkers' policy in offing

A desi version of 'Cash for Clunkers' scheme might be in the offing to reverse the slowdown that has heavily dented the Indian automobile industry.

Tata, Vedanta mining leases end in March; Govt for fresh auctions

In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50 year period in March, 2020

Register Your Business for the GST in India

GST registration enables goods and service providers to collect GST from their customers. In this article, we enumerate the rules and regulations for registering under GST, as well as penalties for noncompliance.

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'12.8 lakh jobs lost in Karnataka, Goa mining sector'

A whopping 12.8 lakh direct and indirect jobs were lost in the mining sector across Karnataka and Goa due to failure of regulatory mechanism, lack of oversight, judicial intervention and closure of mines, an industry official said on Wednesday.

India’s Increasing Connectivity With Central Asia, Iran and Russia

India is finally shaking off its isolation and attempting to rebuild its regional relations with Central Asian countries. In this article, Chris Devonshire-Ellis looks at India's developing trade ties with Afghanistan, Tajikistan, Turkmenistan, Uzbekistan, Iran, Russia, the EEU, and the SCO.

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India-Russia Business Ties are Developing in Energy, Shipping, Agriculture & Jewelry Fields

India and Russia may be far apart from each other geographically, but there are increasing business opportunities between the two. Read to know about the opportunity sectors.

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Micro, Small, and Medium Enterprises in India – An Explainer

With India's 'Make in India' push, the country's MSME sector is poised for rapid growth. Read to know about the incentives and opportunities in the sector.

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Paytm Payments Bank outperforms the industry

Paytm Payments Bank Ltd (PPBL) has once again outperformed the entire industry in terms of merchant acquisition and digital transactions.

Auto sales continue to decline in August

The automobile industry continued to be in the slow lane in August with all major players reporting significant declines in their respective sales.

Big FDI reforms in India – Single Brand Retail, Contract Manufacturers, Coal Mining to Benefit

The government of India has introduced new FDI norms for single-brand retail, coal mining, contract manufacturing, and digital media. In this article, we provide a roundup of all the changes.

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'In-principle agreement with Swiggy, Zomato on delivery'

The National Restaurant Association of India (NRAI) has said that there is an in-principle agreement between the association and the two major online delivery aggregators, Zomato and Swiggy, to resolve the issues of the industry including deep discounts.

Import and Export Procedures in India

Businesses planning to import or export from India must understand the stages involved in the process, the regulatory framework and documentation required.

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Bajaj blames auto sector for slump, mediocre products

While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the slump is due to the industry itself.

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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Ports, SEZs, and Incentives for Manufacturers in India’s Top Investment Destinations

Gujarat, Maharashtra, Karnataka, Andhra Pradesh, and Tamil Nadu are the leading investment destinations in India. This article gives an overview of the ports, SEZs, and the industrial incentives available for manufacturing activities in these states.

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The Companies (Amendment) Act, 2019 Introduced in India: Mandatory CSR among New Provisions

Companies operating in India or planning to set up should pay close attention to the changes made to the Companies Act to understand legal implications as well as to ensure the smooth running of their business.

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Tata Motors to go for third closure from August 16

The impact of slowdown in the auto industry on Tata Motors is visible as its Jamshedpur unit is going for third closure from August 16.

Income Tax Return Forms in India

Learn about the new income tax returns (ITR) forms for financial year (FY) 2018-19 and assessment year (AY) 2019-20 as well as their applicability.

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Andhra Pradesh’s Investment Incentives for 5 Top Industries

Andhra Pradesh is among the top foreign direct investment (FDI) destinations in India. Here, India Briefing describes the incentives available for Andhra Pradesh's five top industries.

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Relaying of rate cuts must to help auto sector: Experts

Transmission of benefits of past and present rate cuts by lenders is essential for the automobile sector to drive out of the slowdown, feel industry observers.

The Code on Wages Bill, 2019 : What Employers in India Need to Know

On August 2, 2019, the parliament of India passed the Code on Wages Bill, 2019. Read to know more about its provisions and the impact on businesses.

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Auto industry may further cut production

After denting the auto sector's profitability, the consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job losses.

Tea producers want early guidelines on tea waste export

In a bid to relieve the ailing tea industry in Assam, prominent tea producers organisation - North East Tea Association (NETA) - has appealed to the Tea Board of India (TBI) for early issuance of guidelines for tea waste export.