FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
India is set to sign an agreement with the US to resolve transfer pricing disputes, which will then serve as a template for settling such rows with multinational companies based in the UK, France and other European countries.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
Trial by the media can be avoided if the industry itself devises effective mechanisms to bring this to an end
The interim report highlights key competition issues in the e-commerce space like deep discounting, the imposition of unfair terms and conditions, the growing dependence of brick and mortar establishments on online platforms, and opaqueness in search rankings.
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
New regime places more limits on unregulated foreign entities
'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
Market regulator is trying to build a large team of software experts for efficient monitoring and surveillance
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
Ritu Jha/Rediff.com reports from California on the largest TieCon ever.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
The new law proposes to bring e-retail users and players into its fold.
Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Regulator's nod assumed more importance after the Maggi issue.
Employers' refusal to recognise TUs has caused industrial tiffs.
The present legislative framework on betting and gambling in India is sketchy, at best.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
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