Pharma Pricing Policy India
GoM finalizes pharma pricing policy – market based pricing model proposed by industry adopted, covers all essential medicines under NLEM 2011. On September 11, 2012, the Supreme Court had directed the Government to decide the pharma pricing policy by September 27, 2012.Acting on this direction, the Group of Ministers (‘GoM’) has approved the proposal to
Large ECBs for power & capital goods in August 2012 India
ECBs fell by around 28% during Apr- Aug2012 at US$11.52bn as compared with US$15.92bn in Apr- Aug 2011. Indian firms have raised US$2.36Bn through external commercial borrowings (ECBs) in the month of August 2012 by automatic and approval route during the period. The borrowings have declined from US$3.70Bn in August 2011 to US$2.36Bn in August 2012. ECBs fall 27.6% as compared with
Emerging Contours in the MSME Sector of India
The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant sector of the Indian economy over the last five decades. The sector plays an imperative role in the development of the economy. This is evident from the fact that the sector contributes 8% of the country’s GDP, 45% of the manufactured
Retail Investor’s Survey India
The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver. Amid the uncertain financial environment, the financial markets across the globe have been sluggish for a sustained period now. Hence, at this juncture, investors were keener
MAURITIUS Tax Treaty Benifit Allowed for Buy-Back of Shares
Buy-back of shares will not lead to capital gains tax impost on Armstrong Mauritius, says a ruling of the Authority for Advance Rulings (AAR). Armstrong Mauritius, a company incorporated in Mauritius, had approached AAR to seek a determination on the tax implications of a buy-back programme to be undertaken by Armstrong India. Armstrong India is
VENTURE CAPITAL INVESTMENT IN INDIA
In recognition of growing importance of Venture Capital as one of the sources of finance for Indian industry, particularly for the smaller unlisted companies, the Government has announced a policy governing the establishment of domestic Venture Capital Funds/Companies. An amendment has also been carried out in the SEBI Act empowering the Securities and Exchange Board
EMPLOYMENT LAW INDIA
The object of the employment laws in India is social welfare legislation protecting the employees, protecting their contentment and regulates situation of crisis. India adopted the core labour standards of ILO for welfare of workers and to protect their interests. India has enacted a number of labour laws addressing various issues such as resolution of
Bilateral Investment Promotion and Protection Agreement (BIPA)
As part of the Economic Reforms Programme initiated in 1991, the foreign investment policy of the Government of India was liberalised and negotiations undertaken with a number of countries to enter into Bilateral Investment Promotion & Protection Agreement (BIPAs) in order to promote and protect on reciprocal basis investment of the investors. Government of India have,
Foreign Investment in India
At present, India’s GDP is USD 1.237 trillion, which makes it the twelfth-largest economy in the world at market exchange rates and fourth largest in purchasing power. In the late 2000s, India’s economic growth has averaged at about 7.5% a year. A 2007 Goldman Sachs report has projected that “from 2007 to 2020, India’s GDP per
FOREIGN CORRUPTION PRACTICE ACT FCPA
This article aims at dealing with the applicability of Foreign Corrupt Practices Act in the foreign investment scenario in Asia. I will further concentrate on the nature of compliances that a corporate ought to observe, be it under FCPA or under the domestic laws of a particular country, and the reason and wisdom to do