Synopsis: The record level of FDI inflows in India for the year 2020-21 does not match the development priorities of the government. Background In a recent press release, the Ministry of Commerce and Industry announced that India has attracted the highest ever total FDI inflow (U.S.$81.72 billion) during the financial year 2020-21. This is 10… Continue reading Why Record FDI Inflow is Not a Cause for Celebration?
Synopsis: The US has rolled back its increased tariff on products of 6 countries including India. It now wants to negotiate, over the imposition of a digital service tax by the 6 nations. It is even willing to engage in a future trade war. Background: The six countries of Austria, India, Italy, Spain, Turkey, and… Continue reading The tussle of Digital Services Tax between India and US
Synopsis: The US has proposed a 15% Global Minimum Corporate Tax that will prevent tax avoidance by companies. The tax would be beneficial for India. But many counties will not accept the tax structure. Background: The Base Erosion and Profit Shifting (BEPS) programme were initiated in 2013. It aims to curb practices that allowed companies to reduce their… Continue reading Road towards a Global Minimum Corporate Tax
What is the News? The Ministry of Commerce and Industry has released the preliminary data on the Merchandise exports in May 2021. What are the key findings from the data? Merchandise Exports: India’s merchandise exports are estimated at around $32.21 billion in May 2021. This is 67.39% higher when compared to May 2020. The large… Continue reading “Merchandise Exports” in May surge 67% to $32.21 billion
What is the News? The Ministry of Commerce released the data on the FDI (Foreign Direct Investment Inflow) in India for the Financial Year 2020-21. Key Highlights from the Data: Firstly, India has received an FDI of $81.72 billion during the financial year 2020-21. This is 10% higher than $74.39 billion received in 2019-20. Secondly,… Continue reading FDI Inflow in 2020-21 in India
Synopsis: A Global minimum tax rate is beneficial for the US. But India need to rethink before joining such international tax proposals Introduction: The US Treasury’s call for a global minimum tax rate is gaining a global endorsement. But the goal of a global minimum tax is not only to end the race to the corporate… Continue reading India needs to be cautious before joining Global Minimum Tax rate
What is the News? Union Minister of Commerce and Industry has launched the Directorate General of Foreign Trade’s(DGFT) Trade Facilitation Mobile Application. About Trade Facilitation Mobile Application: Tata Consultancy Services(TCS) developed the Trade Facilitation Mobile Application. It is as per the directions of the Directorate General of Foreign Trade (DGFT). Aim: The aim is to promote… Continue reading DGFT launches “Trade Facilitation Mobile App” to promote exports
What is the News? The Government releases data regarding the Foreign Direct Investment – FDI inflows in India from April to January 2021. FDI inflows in India from April 2020 to January 2021: India attracted a total FDI inflow of US$ 72.12 billion from April to January 2021. Significance: It is the highest ever for… Continue reading Government Releases Data on “FDI Inflows in India 2020-21”
Synopsis: India has the potential to become a Global Investment Hub. Its unique advantages attract global companies to invest in the country. Background In 2020, despite the sharp economic contraction, India witnessed the fastest growth in Foreign Direct Investment (FDI) inflows among all the major economies. (>60 billion) Big firms like Google, Facebook, Walmart, Samsung,… Continue reading India’s potential as a Global investment hub
What is the News? The Rajya Sabha has passed the Insurance (Amendment) Bill, 2021. The Bill seeks to raise the FDI in the insurance sector to 74% from the current 49%. Click Here to Read about Insurance in Amendment Bill,2021 About Foreign Direct Investment(FDI): Foreign Direct Investment(FDI) is the medium for acquiring ownership of assets… Continue reading What is FDI or Foreign Direct Investment?