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FDI POLICY FOR DEFENCE 2017: WILL IT ATTRACT MORE INVESTMENT?

  There are no surprises for the defence sector in the latest consolidated Foreign Direct Investment (FDI) Policy circular issued by the Department of Industrial Policy and promotion (DIPP) as a part of its annual exercise on 28 August 2017. Though a comparison with the last year’s circular gives the impression that the FDI cap […]

CANCELLATION AND REVIVAL OF SPIKE PROGRAMME: LESSONS TO BE LEARNT

    Retraction of RFPs or cancellations of the defence deal at advanced stage has been quite a regular feature of the procurement system in India. To put the record straight, the MoD should mention the reasons for cancellation to obviate imbroglio and rumours, which damage the image of not just the Vendor but also […]

Foreign Funding: Regulatory Compliances

The Foreign Contribution Regulation Act (“FCRA”), 2010 was enacted for regulating the inflow of foreign contribution by individuals, associations or companies and to prohibit acceptance and utilisation of foreign contribution for any activities detrimental to the national interest. FCRA is implemented by the Ministry of Home Affairs which keeps a check on any unwarranted foreign contribution. […]

Changes in foreign direct investment in 2016

Introduction To boost Foreign Direct Investment in India, the government has been constantly liberalizing various sectors. Recently certain other sectors, including the much sought after e-commerce was also opened to foreign investors. The snapshot of the recent changes to the Foreign Direct Investment policy are as follows:   1. Foreign Direct Investment ine-commerce sector: Vide […]

Amendment of double taxation treaty between India and Mauritius

Introduction In orderto plug loopholes in the existing bilateral treaty that inhibit steps to curbblack money, India has signed a protocol agreement with Mauritius to preventevasion of taxes on income and capital gains by entities of either side.According to the amended treaty, India gets taxation rights on capital gainsarising from sale of shares in an […]

Ease in FDI Norms-June 2016

Introduction In order to provide major impetus to employment and job creation in India, the government liberalized its foreign direct investment strategy. Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment. These amendments seek to further simplify the regulations governing FDI […]

Highlights of the Arbitration Amendment Act, 2015

The success and failure of a system predominantly lies in the commitment to drive out the flaws from it. An attempt was made by the legislature in 1996 when amendments were made to the Arbitration Act of 1940 and now another effort has been made to drive out the various shortcomings that have not only […]

Startup India

Introduction Startup India is aflagship initiative of the Government of India, intended to build a strongeco-system for nurturing innovation and startups in the country that will drivesustainable economic growth and generate large scale employment opportunities. StartupIndia campaign is based on an action plan aimed at promoting bank financing forstart-up ventures to boost entrepreneurship and encourage […]