Introduction to the Social Security System in India - India Briefing
WEBMay 6, 2022Posted by India Briefing Written by Dezan Shira & Associates Reading Time: 10minutes. India’s social security system is composed of a number of schemes and programs spread throughout a variety of laws and regulations. Keep in mind, however, that the government-controlled social security system in India applies to only a small ...
India Identifies List of 30 Critical Minerals: Why Does it Matter
WEBApr 17, 2024 · India has released a list of 30 critical minerals crucial for its economic growth and development across sectors, such as energy, telecommunications, defense, and more. By producing this list, India is acknowledging the need to mitigate supply chain disruptions that could affect its access to these critical mineral resources.
A Guide to Minimum Wage in India - India Briefing News
WEB6 days ago · Upcoming update: October 1, 2024. Delhi Chief Minister Atishi announced on Wednesday, September 25, 2024, that the Delhi government has revised minimum wage rates. Effective October 1, 2024, the monthly wages for unskilled workers in Delhi will rise from INR 17,494 to INR 18,066.
India's Dedicated Freight Corridor: Progress and Prospects
WEBApr 8, 2024 · Efforts are currently in progress to extend the operational route coverage of WDFC to beyond 95 percent by the conclusion of April this year. Trains are achieving speeds ranging from 50 to 60 kilometers per hour (kmph), with the potential to reach up to 100 kmph, significantly surpassing the average speeds of goods trains on regular Indian railway tracks, which typically range from 20 to 25 kmph.
List of Apple Contract Manufacturers and Suppliers in India
WEBApr 17, 2024 · There are 14 suppliers for the iPhone maker in India as per the company’s. Cheng Uei Precision Industry Company Limited (Foxlink) – Andhra Pradesh. The Taiwan company specializes in the design, manufacturing, and sale of connectors, cable assemblies, power management devices, and battery packs on an OEM/ODM basis.
A Guide to India’s Special Economic Zones - India Briefing
WEBOct 31, 2023 · Special economic zones (SEZs) in India are areas that offer incentives to resident businesses. SEZs typically offer competitive infrastructure, duty free exports, tax incentives, and other measures designed to make it easier to conduct business. Accordingly, SEZs in India are a popular investment destination for many multinationals ...
FAQs on India's GST Regime, GST Applicability on Overseas …
WEBJan 27, 2022 · The category of transactions that falls under the scope of overseas transaction under the GST regime are: Category 1: Export of goods by payment of IGST or under LUT/Bond. Category 3: Import of goods, which is governed by Customs Act, 1962. Category 4: Import of services whether for business or non-business purpose.
List of Countries That Have a DTAA with India
WEBFeb 27, 2019 · India has one of the largest networks of tax treaties for the avoidance of double taxation and prevention of tax evasion. The country has Double Tax Avoidance Agreements (DTAAs) with over 85 countries under Section 90 of the Income Tax Act, 1961.. The purpose of such tax treaties is to develop a fair and equitable system for the allocation of the right to tax different types of income between ...
Guide to India’s Foreign Manufacturer Certification Scheme
WEBMay 30, 2024Posted by India Briefing Written by Archana Rao Reading Time: 7minutes. India’s Foreign Manufacturer Certification Scheme (FMCS) is meant for overseas production units and those manufacturers exporting goods to India. India Briefing shares with you a comprehensive overview of how the scheme works and qualifying norms for ...
GIFT City: India’s Rising Star for Foreign Portfolio Investors
WEBMay 28, 2024Posted by India Briefing Written by Archana Rao Reading Time: 4minutes. India’s GIFT City is gaining traction among foreign portfolio investors, who are opting for it over traditional investment routes via Mauritius or Singapore. This shift is primarily attributed to the tax benefits and improved ease of doing business in GIFT ...