News - India

1. Overseas business risk for India

   India 6/19/2023 8:33:18 AM

   Information on how UK companies can control risks when doing business in India.

2. Joint outcome statement: UK-India round seven FTA negotiations

   India 3/7/2023 8:40:24 AM

   Round seven of negotiations for a free trade agreement between the United Kingdom and the Republic of India

3. Exporting to India after Brexit if there’s no deal

   India 8/2/2019 4:21:43 PM

   Guidance explaining changes for UK exporters to India if we leave the EU with no deal.

4. Indian financial services market access for UK strengthened

   India 7/17/2019 9:43:28 AM

   Top UK and Indian business and finance leaders meet to celebrate strong financial services ties and explore new business opportunities

5. The Growing Popularity of ITIL Certification: Is ITIL Certification Offering Value to the Marketplace?

   India 4/9/2019 10:04:34 AM

   The competition in the IT space is insane. Corporations are competing with businesses all over the world.

6. Doing Business In India Simplified

   India 4/6/2018 9:55:30 AM

   About the Book Couple of questions that are always there in the mind of an entity looking at India as the next business opportunity.

7. Nangia & Co LLP becomes Praxity's First Indian Member

   India 12/1/2017 12:51:41 PM

   The world’s largest alliance of independent accounting & consulting firms has chosen Nangia & Co LLP as its first ever Indian Member firm.

8. Income tax returns (ITR): On sale of property, here is what you should know

   India 11/28/2017 10:35:11 AM

   Once your return is processed and an intimation is issued under section 143(1), the refund shall get processed and paid into your bank account mentioned in your ITR.

9. Mobilisation/Demobilisation Charges Form Part of ‘Receipts’ Under Section 44BB

   India 11/28/2017 10:32:39 AM

   Evolution of ‘Oil and Gas’ Industry (hereinafter referred to as ‘industry’) in India dates back to the pre-independence era. However, the industry witnessedits splurge only in the decade of 1970s and 1980s.

10. Property market in India

    India 11/28/2017 10:28:38 AM

    What is joint development agreement and what triggers income tax liability

11. CBDT relaxes Avoidance Agreement

    India 11/28/2017 10:24:16 AM

    In a Press Release on 27 November 2017, the Central Board of Direct Taxes (‘CBDT’) has issued a clarification, thereby relaxing India’s position on the acceptance of Transfer Pricing Mutual Agreement Procedure (‘MAP’) cases and bi-lateral Advance pricing agreement (‘APA’) in cases of countries where Article 9(2) of OECD Model tax Commentary is absent.

12. Guidelines for claiming IGST refund on exports and other procedural requirements

    India 11/7/2017 9:20:43 AM

    CBEC vide Instruction No. 15/2017-Customs dated 09 October, 2017 has issued detailed guidelines for claiming IGST refund on exports. Summary of the guidelines are provided below:

13. Reserve Bank of India issues Master Directions for regulating Peer to Peer Lending Platforms in India

    India 11/7/2017 8:52:55 AM

    In April 2016, the Reserve Bank of India (RBI) issued a consultation paper on Peer to Peer (P2P) Lending, providing an overview of business models that are operational both domestically and internationally, and assessing the need to regulate such business models operating in India, considering the impact that it can have on the traditional banking channels and the non-banking financial company (NBFC) sector.

14. Aadhaar based e-sign facility for Provident Fund Portal

    India 11/7/2017 8:45:55 AM

    The Employees’ Provident Fund Organisation (EPFO) issued a circular introducing Aadhaar-based e-sign facility for employers to authenticate various documents on the Provident Fund portal on 06 October 2017. Earlier, the authentication was done through Digital Signature Certificate (“DSC”).

15. Contract receipts of a JV result in diversion of income to JV members; receipt not an income of the JV

    India 11/7/2017 8:42:53 AM

    In a recent decision of the Jammu and Kashmir (J&K) High Court (“HC”) in the case of Soma TRG Joint Venture6 (“the Assessee”). The HC, in this case, was concerned with the issue of whether the contract revenue received by a joint venture (JV) accrues as income in its hands or whether it results in diversion of income at source from the JV to the JV members.

16. No service PE by considering only solar days of services rendered in India

    India 11/7/2017 8:24:33 AM

    Bangalore Income Tax Appellate Tribunal (“ITAT”) in the case of a company resident of Saudi Arabia (“the Assessee”), dealt with the issue of taxability of income for rendering services in India, under the India-Saudi Arabia Double Taxation Avoidance Agreement (“DTAA”).

17. UK-India to increase flights to boost tourism and trade

    India 2/9/2017 12:31:10 PM

    UK and India have agreed a deal to ease restrictions on flights between the two nations.

18. UK open for Indian gaming companies with global ambitions

    India 2/1/2017 10:33:10 AM

    The UK Department for International Trade (DIT) in India will host a panel discussion at the CII India Gaming Show on 2 February, New Delhi.

19. UK food and drink trade mission looking for Indian partners

    India 2/1/2017 10:08:14 AM

    The trade mission brings together 17 of the most iconic British brands to network with Indian businesses in Mumbai and Delhi.

20. Apply early for visas with #BEATthepeak campaign

    India 1/13/2017 11:44:39 AM

    The UK encourages Indian visitors to apply early for visas with #BEATthepeak campaign.

21. £1 billion in deals from PM's trade mission to India

    India 11/10/2016 1:03:45 PM

    Prime Minister Theresa May's visit to India from 6 to 8 November 2016 resulted in over £1 billion worth of deals.

22. Liam Fox visits Pune to take forward the India-UK collaboration

    India 11/10/2016 9:38:06 AM

    UK Cabinet Minister visits Pune to lend support to business delegations on connected cities and advanced manufacturing.

23. International Trade Secretary in India to strengthen trade relations

    India 11/8/2016 12:43:34 PM

    The UK Secretary of State for International Trade, Liam Fox is visiting India from 6-10 November.

24. SIN helps Indian High Value Manufacturing investment to UK

    India 10/4/2016 10:32:54 AM

    A key objective for India is to ‘make in India’ and the UK is well placed to support these ambitions for mutual benefit

25. British Minister calls for greater commercial collaboration with India

    India 9/5/2016 1:12:41 PM

    The Rt Hon Liam Fox MP, the UK’s Secretary of State for International Trade is visiting New Delhi and Mumbai.

26. India: trade fact sheet

    India 8/1/2016 10:46:40 AM

    Key facts and figures on Indo-British trade and investment

27. 'The UK is the largest G20 investor in India'

    India 3/16/2016 8:57:04 AM

    Transcript of a speech by Sir David King at the inauguration of UK Trade and Investment (UKTI) stand in New Delhi, 16 March 2016.

28. UK companies to export smart grid innovation technologies to India

    India 3/16/2016 8:54:31 AM

    Sir David King is visiting India to strengthen UK-India collaboration on combating climate change and enhancing energy security.

29. Doing Business In India

    India 3/15/2016 11:26:22 AM

    India is one of the fastest growing economies in the world with growth levels reaching between 5-6% (5.3% in third quarter of 2014). It is a vast country, about a third of the size of the USA, and made up of 29 different states. The market varies widely across its many different regions and states.

30. New online visa form for visitors launched

    India 2/24/2016 1:23:59 PM

    On 23 February a new online application service for visitors was launched in India as part of a global rollout over the coming months.

31. Britain’s £4 billion car part kitty fuels growth opportunities for Indian businesses

    India 2/4/2016 8:58:25 AM

    British auto manufacturers are in the market for new car part suppliers to service the growing demand for UK automobiles.

32. UK food & drink companies visit India looking to increase penetration

    India 1/19/2016 10:48:30 AM

    UK Trade and Investment (UKTI) India, in partnership with UK India Business Council (UKIBC), is bringing a food and drink trade delegation to India.

33. New and improved UK visa application centre opens in Connaught Place, Delhi

    India 11/18/2015 11:25:39 AM

    The British High Commissioner for India, Sir James Bevan KCMG, formally opened the UK & Ireland’s new Visa Application Centre (VAC) in Connaught Place, Delhi today.

34. UK committed to enhanced partnership with India

    India 7/27/2015 9:44:18 AM

    First India visit by British minister after UK polls.

35. Powering Change In India

    India 1/19/2015 10:48:22 AM

    In order to deliver on its ambitious plan to position India as a global economic powerhouse over the coming years, the Government of India needs to urgently develop its domestic energy network.

36. FedEx strengthens its domestic ground and supply chain services in India following successful integration

    India 6/10/2014 1:51:22 PM

    FedEx Corp. (NYSE: FDX) announces the successful integration of its acquired AFL and UFL businesses in India.

37. Why the UK visa service is the best in India

    India 3/12/2014 7:36:10 AM

    Remarks by Sir James Bevan KCMG, UK High Commissioner in Mumbai, 12 March 2014.

38. Indian business angels to make first UK investment

    India 3/7/2014 8:31:49 AM

    India’s largest business angels group is set to make its first investment in a UK start-up.

39. Working Effectively With Indians In Global Teams

    India 2/24/2014 9:22:01 AM

    As more and more Indian expats join multinational companies it is helpful to look at some of the best practices for global team work with Indian professionals.

40. Business Secretary takes trade delegation to India's growing regional cities

    India 12/9/2013 9:10:06 AM

    Vince Cable takes a delegation of 25 British companies to India's growing regional cities on a 4 day trade visit.

41. UKTI & TATA mentoring and partnership programme to India for high-tech SMEs

    India 10/1/2013 8:26:39 AM

    First edition of UKTI and Tata Management Training Centre joint mentoring and partnership programme for UK SMEs to be held in Mumbai and Pune 1 - 5 October 2013.

42. The Indian market, gearing up for growth in the automotive sector

    India 5/22/2013 6:54:37 AM

    With GDP growth in Europe struggling to reach 1% the Indian economy is storming ahead and gearing up for GDP growth of between 6 – 7% in 2013/14. This is attracting strong levels of Foreign Direct Investment (FDI) and India is now the second most preferred FDI destination in the World, competing closely with China.

43. New Super Priority Visa service launches in India

    India 5/14/2013 10:39:14 AM

    The Home Office’s first same day visa service launches in Delhi and Mumbai making it easier for Indian business travellers to visit the UK

44. Plans for India network of British business centres unveiled

    India 3/15/2013 12:12:15 PM

    Plans to develop British business networks in high growth and emerging markets took a further step forward today.

45. Visas Changes, India

    India 3/12/2010 10:30:50 AM

    The Ministry of Home Affairs in India (MHA) recently made certain radical changes regarding Indian visa applications specifically relating to business visas as it was evident that individuals travelling to India on business visits were working in India in direct contravention of the purpose stated on their visas.

46. Working In India As An Expatriate

    India 2/4/2010 11:03:48 AM

    There are many challenges facing expatriates including culture of work, working conditions, compensation rates, competition, work permits and many other issues. We examine below some significant changes to the Indian immigration rules in recent times affecting expatriates and those seeking work in India.

47. Vast Business Opportunities In India

    India 3/31/2009

    India has leapfrogged China in terms of private equity investments with cash injections now totalling 10bn, compared with just 2bn four years ago. Corporates are generating a surplus of 86bn a year, and foreign direct investment recently shattered the 17bn barrier.