government

The Business Of India's Defense

The much talked about Indo-US Nuclear Deal is seen by the United States as an agreement that will be the foundation for the strengthening of the Indo-US relationship. The US sees India as an important Asian ally and as an emerging market. The deal makes sure that the US has an operating base to push their domestic products into the Indian consumer market .But, that aside the most important economic  partner for the US will however not be the Indian consumer but rather the Indian Government.

India to Ban Online and Mobile Video - Are you serious?

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In what can only be the most ridiculous proposed law of 2007 the India Government is proposing a ban on all internet and mobile video. According to the Economic Times, the proposed law is in response to the increase in cyber crime and piracy. So in typical India fashion the government wants to shut down all videos on the web. Notwithstanding that impossibility, how does the government plan to enforce the ban?

India grants more SEZ Approvals

By Dhruva Jyoti Chowdhury

RBI working overtime to minimize liquidity in the face of relentless forex inflows

It has come into the notice that the Reserve Bank of India (RBI) and the government are working on new methods to minimize liquidity in the face of relentless forex inflows without only relying on instruments such as the cash reserve ratio (CRR).

Takeover plans of Indian companies

By Sundaramurthy Vadivelu

The India Street

Important Disclosure

Govt. to Bring Energy Code for Commercial Buildings

Considering a drastic increase in energy consumption in large commercial buildings, the government has decided to give these establishments a certificate declaring the buildings to be energy efficient if they plan to have a connected power of 500 kilowatts or more.

For the time being, the code will be applicable to new construction commercial buildings as well as integrated townships but a separate code will soon be formulated for reconstruction of old buildings soon.

Indian government all set to keep an eye on FDI flows

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By Vipin Agnihotri

Lucknow, India: It has come into the notice of The India Street that the Indian government is all set to put in place routines to check whether foreign investors setting up shop in India are complying with the norms prescribed for them. Initial signs are that the new norms could make it necessary that companies file an annual compliance report or an inspection system could be put in place.

India Real Estate Jitters

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By F. Colton

I have recently read about a few laws the India Government has passed to slow the real estate market in India. The false claim that too many foreign real estate funds are driving up real estate values is complete rubbish. First and most importantly, I can count on two hands the number of foreign real estate funds that have actually invested money on a real estate project in India. It's just not happening like the media claims. Foreign Real Estate funds find the India market appealing, but it still lacks the transparency available in other more mature markets.

Good news for investors as they remain unaffected with service tax on mutual funds

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By Vipin Agnihotri

Contrary to the general belief, service tax will not be levied on entry and exit load charged by a mutual fund. Indian government through a circular clarified this. What’s more, highly placed sources in the government inform The India Street, that the service tax on construction industry has been lowered from previous 4 percent to 2 percent.

Indian govt may cut customs duty to keep inflation below 5 per cent

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By Vipin Agnihotri

Indian government may minimize custom duties on number of items to keep inflation below 5 percent. Finance Minister P Chidambaram, while talking to The India Street said government was ready to take further fiscal steps to control inflation and keep it below 5 percent.

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