Foreign Investment

What is Angel Tax?

February 3, 2023

The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. Say a startup SSS sells one lakh shares to a person X. Selling price of one share ..

Month: 

Category:  •

Kochi Water Metro Project

January 10, 2022

The Kochi Water Metro Project is a ferry transport project. It provides feeder service to the suburbs. With this Kochi has become the first city in India to launch water metro project. About the Project The project is operated by ..

Month: 

Category: 

CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

November 4, 2020

The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu Dhabi, UAE (United Arab Emirates). Highlights The exemption has been provided under ..

Month: 

Injeti Srinivas Committee submits report

October 23, 2020

On October 22, 2020, the Injeti Srinivas Committee submitted its second interim report to the chairperson of International Financial Services Centres Authority (IFSCA). It was an IFSCA Expert Committee that was constituted to study about the international retail business development ..

Month: 

Defence Minister releases new Defence Acquisition Procedure

September 28, 2020

On September 28, 2020, the Defence Minister Raj Nath Singh released a new Defence Acquisition Procedure, 2020. It has special incentives for products that are designed and developed by Indian vendors. Also, the procedure includes manufacturing category that encourages foreign ..

Month: 

Google to invest 10 billion USD in India

July 13, 2020

On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion USD in India in the future. Highlights The investment will mainly focus ..

Month: