Category: India Legal News and Analysis

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First ever Asia Law Firm Management Congress to take place in Mumbai, April 20, 2017

The first ever Asia Law Firm Management Congress (ALFMC) will take place in Mumbai, April 20, 2017.  Presented by ThomsonReuters and curated by IDEX Legal.  The St Regis Hotel will be the conference venue. As LegallyIndia has detailed — the event will bring together lawyers from leading […]

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India Beats Demonitisation to Remain Fastest Growing Economy

India remains the fastest growing economy notwithstanding the predicted contraction due to demonitisation last November. This fact was also recognized in the recent elections in five states, where BJP was a winner in four states. The party at the centre, BJP was able to secure the […]

India Sixth Great Power in 2017

While the Indian economy seemed to have recovered from the demonitisation drive, the year began on a promising note with India making it to the sixth position in a global list of top eight great powers in 2017. Although political parties are gearing up for upcoming […]

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India becomes World’s Fifth Largest Economy

India beat all forecasts to become the world’s fifth largest economy way ahead of the 2020 prediction. The growth of the economy is led by Government initiatives like ‘Make in India’ and surging foreign direct investment. Fifth Largest Economy – India was finally able to overpower […]

India: Government Withdraws Currency to Choke Parallel Economy

In a bold move, India’s Prime Minister demonetized certain currency notes earlier this month. This announcement sent shockwaves throughout the country and took everyone by surprise. However, despite the numerous hardships most citizens seem to be favouring the move in anticipation of long-term gains for the […]

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Bar Council of India Stalls Entry of Foreign Lawyers

The Bar Council of India (BCI) has managed to throw a spanner into the Government’s steps to allow entry of foreign law firms. The Government continues its efforts to attract foreign investment with new and innovative initiatives and strategies. Entry of Foreign Lawyers – The Bar […]

India Accelerates on Global Competitiveness

For the second year in a row, India jumped 16 places on the Global Competitiveness Report giving a boost to the Government’s initiatives to improve the business environment and make India a preferred global business destination. India is also working on the weaknesses identified and the […]

Legal startup legistify seeks to make the law accessible in India

India’s legal market represents an enormous opportunity for legal startup entrepreneurs.  With a Gross Domestic Product (GDP) of 1.877 trillion USD (2013) it ranks as “the seventh-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity.” As in other economies in the […]

Uniform Tax Rate To Finally Become Reality in India

The Indian Parliament has approved the long pending Goods and Services Tax Bill earlier this month, paving the way for a uniform tax regime. There were more tax reforms when the India Cyprus Double Tax Avoidance Treaty being amended. The Government also kept its promise to […]

India: Monsoon Cheers For Foreign Investment and Lawyers

The Government’s focus continues on improving various aspects of India’s overall outlook to foreign investors. This month there appeared to be increased focus on social development and various treaties were signed or made operational. Bar Council of India shared the draft rules for entry of foreign […]

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FDI Gifts for Silver Jubilee of India’s Economic Liberalisation

For 44 years after attaining independence, India was virtually a closed economy. And then in 1991 Manmohan Singh, the then Union Finance Minister, changed the face of business in India by taking the first steps to liberalise the economy. Looking back now, it appears to be […]

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Bold Action Marks Modi’s Second Anniversary

The Central Government led by India’s Prime Minister, Narendra Modi completed 2 years in office this month. While a lot of initiatives have been implemented and there is a feel good factor, some strong steps need to be taken to propel India to the top league for foreign […]

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India Declared A Top Destination for FDI

The Government’s efforts to make India a top destination for foreign investment received yet another boost when one of the world’s leading observer of global FDI gave it the top honours. The Government continued to open up more avenues for foreign investment. There are some fresh […]

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India Forges Ahead with Double FDI Inflows & Make in India Week

The first two months of 2016 have seen some significant developments for India’s foreign investment scenario. It received a boost from a global report declaring huge jump in foreign investment inflows. Going with the positive flow, the Government organized the ‘Make in India Week’ to boost […]

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Switchover to India’s Overhauled External Borrowing Regulations

The new year began with a big bang for start-ups in India. The Government of India announced a new strategy to support start-ups. A detailed action plan in this regard has been prepared by it. The Government has taken various measures to improve the ease of […]

Arbitration Becomes Regulated in India…Finally!

The Arbitration & Conciliation Act, 1996 (Act) was enacted to overhaul the then archaic Arbitration Act, 1940. It was a well enacted law in those days of early arbitration when court proceedings had not only become lengthy and tiresome, but also expensive for the clients. However, […]

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Sweeping Changes to India’s FDI Policy

Liberalisation of India’s economy has always been on the cards in Modi Government’s agenda from the start. However, it chose the time of heavy electoral losses in state of Bihar to announce the goodies for foreign investors. The sweeping changes to the FDI policy were announced […]

India Tops Global FDI Chart, Attracts Largest Investment & Boosts ‘Make In India’

India’s capability as a top foreign investment destination hit a new high as it emerged the leader in FDI for Greenfield investment. Two high-profile deals were also signed to stamp India’s prominence in this space. India Top Global FDI Destination For Greenfield Investments – India is […]

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India: First Ever States’ Scorecard of Business Reforms Ushers Competitive Federalism

The results of the first ever survey of Indian States on implementation of ease of doing business is out and has thrown up interesting results. A long needed clarification on facility sharing by foreign group companies brings in the desired relief. The Government recalled its decision […]

India: Foreign Investment Hits and Tax Reform Misses

The Government of India has complied with its announcements made in the annual union finance budget to set up composite caps for foreign investment. However there was a setback to its tax reforms when the GST Bill could not be passed. Composite Caps for Foreign Investment – The […]

India Gears Up to Roll Out the Red Carpet for Foreign Law Firms

The Government of India has made up its mind to allow foreign law firms to practice in India. It has virtually crushed all opposition for years altogether in a matter of months. There have been several media reports in India late last month quoting the then […]