FIIs under tax treaty to be exempted from MAT

Exempting FIIs belonging to countries having tax treaties with India from paying MAT to encourage other countries to enter into tax treaties with India In a move to address concerns of Foreign Institutional Investors (FIIs), the government, on Friday, assured that FIIs will be able to avail tax benefits wherever possible in accordance to the … More FIIs under tax treaty to be exempted from MAT

Revival of stranded gas-based units to boost power generation

With the Government of India (GoI), planning to revive 31 gas-based power units, that have been lying idle due to a shortfall in domestic natural gas production, the country’s power generation is expected to grow significantly by around 79 billion units valued at about Rs 42,000 crore. By Sai Nikesh D In a move to … More Revival of stranded gas-based units to boost power generation

Indian firms ride high on trade in foreign tech collaboration

Japan, USA and Germany were the top three sourcing countries of technology transfer for Indian companies reporting Foreign Technical Collaboration agreements, says RBI survey report on ‘Foreign Collaboration in Indian Industry: 2012–2014’ By Sai Nikesh D The manufacturing sector holds a dominant share of exports and imports by the Indian companies reporting Foreign Technical Collaboration … More Indian firms ride high on trade in foreign tech collaboration

Cairn Energy challenges IT department’s claim

The tax department’s move wiped off a fifth of the company’s market value on Wednesday, with its shares slumping to their lowest since 2008 By Sai Nikesh D The United Kingdom based oil exploring company Cairn Energy on Wednesday challenged the Indian Tax Department’s claim on the company to pay a tax of more than … More Cairn Energy challenges IT department’s claim

AP woos Japanese companies to build smart communities

The Government of Andhra Pradesh has sought Japan’s co-operation for developing a world class capital like Tokyo, and also for better cooperation in sectors like energy, infrastructure and industrial development By Sai Nikesh D The Confederation of Indian Industry (CII) on Thursday organised a day-long Indo-Japan seminar on ‘Expanding Technology Cooperation for Smart Community in … More AP woos Japanese companies to build smart communities

Railway Budget bets big on technology and fuel efficiency

To reduce dependence on fossil fuels, the Indian Railways is planning to expand sourcing of Solar Power as part of the Solar Mission of Railways, said the Union Railway Minister, adding that the sector would have 1000 MW solar plants in next five years. By Sai Nikesh D Presenting the Railway Budget 2015-16 in Parliament … More Railway Budget bets big on technology and fuel efficiency

Government for FDI in education sector

Through the upcoming Union budget, the Indian government is expected to bring a larger scope for private and foreign investments in education sector. The recent move is aimed at achieving developed education infrastructure across India. By Sai Nikesh D The Government of India, in its upcoming budget, seems to be keen on increasing the GDP … More Government for FDI in education sector

Focus on non-tax options for revenues: CII tells Govt

Non-tax options like increased disinvestments, effecting dilution of residual government shares in private companies as well as going ahead with sale of spectrum and mineral blocks will garner good revenues, says the Confederation of Indian Industries in its suggestions to the Budget 2015-16. By Sai Nikesh D The Confederation of Indian Industry (CII) on on … More Focus on non-tax options for revenues: CII tells Govt