The
Government while being diligent in enforcing the
RBI-imposed bar on overseas corporate bodies (OCBs)
from entering the markets, appreciates that a similar
dispensation for genuine NRI investors would be
unfair... Our
Say
In
a bid to achieve up to 70% indigenous content in
defence systems by ’05, the government has
allowed private sector participation in production
of defence items up to 100%, with FDI permissible
up to 26%... Our
Say
Pharma
Companies will be heartened to note that both, the
Health Ministry and the Ministry of Commerce and Industry,
have finally caught on to the fact that if India were
to provide for Data Exclusivity immediately, it could
attract billions of dollars worth of clinical trials
and clinical research. more
All
expatriate employees working in India should bear
in mind that their entire salary will be taxable in
India, whether they receive it in India or outside
India. more
A
recent court judgment has provided that a person can
claim the benefit of deduction for remuneration received
for services rendered outside India from income under
the Income Tax Act without going outside India, provided
other conditions in regard to remittance of foreign
exchange are complied with. more
