The New Intellectual Property Rights policy was announced by the Government of India on 13th May 2016 with the slogan ‘Creative India, Innovative India’. This policy lays out the future roadmap for Intellectual Property Rights in India. It envisages to provide a comprehensive framework for Intellectual Property Rights by reviewing existing laws related to Intellectual …
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Starting from June 1, 2016, India deftly applied a tax on the digital economy which hitherto escaped from paying taxes. This new tax in the town is called – the ‘Google Tax’ or the Equalization Levy.
Recently, India amended the tax treaty it had signed with Mauritius in the year 1982. This treaty is called the Convention for the avoidance of double taxation and prevention of fiscal evasion (relating to taxing income and capital gains). This Double Taxation Avoidance Act (DTAA) was signed to prevent companies from being taxed in two countries (India …
The Parliament passed the Finance Bill 2016 to make amendments to the RBI Act, 1934. It paved the way for the formation of the Monetary Policy Committee. Let’s start with a brief background. The Reserve Bank of India had appointed an expert committee in the year 2014 to reform the monetary policy framework in India. It …
The Insolvency and Bankruptcy Code was passed on 11th May 2016. It was done to consolidate all the existing laws related to insolvency in India and to simplify the process of insolvency resolution. [Insolvency is the inability of the individuals or corporates to repay their debts. Bankruptcy is nothing but a legal declaration of insolvency.]
The Panama Papers leak is making headlines everywhere. It is the biggest leak in the history of the world and the size and the quantum of data revealed is even greater than what was revealed by Wikileaks. This post explains what it is all about in a series of Q&As
The Government has approved a new regime for oil & gas exploration in India. It has replaced the existing NELP (New Exploration Licensing Policy), the framework which has been in place for the last 18 years, with HELP (Hydrocarbon Exploration Licensing Policy. The new policy is expected to reduce Indis’s import dependence by increasing the …
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