Category: India Legal News and Analysis
Will India Move Up in the World Bank Rankings?
The Government of India continues to take steps to improve ease of doing business in India. Various reports have been published by the media recently reflecting an expected improvement in the World Bank’s ranking for India, due to be published shortly. There are other areas and […]
India: FDI Policy Boosts Start-ups
India’s consolidated foreign direct investment policy was finally issued recently. The real estate sector is attracting significant foreign investment. Following up on last month’s activities, there was a further development relating to entry of foreign law firms in India. And a very important decision relating to […]
Indian legal startup Lawyered.in: Helping people find lawyers in Asia’s 3rd largest economy
As the world’s sixth largest economy and Asia’s third largest economy, India represents a significant opportunity for any legal services sector entrepreneur. In Asia Law Portal’s continuing coverage of the Asia-Pacific region’s NewLaw and legal startup economy, here’s our recent interview with Raghav Shekhar, Co-founder and […]
Indian Prime Minister Pushes For Entry of Foreign Law Firms
The activities relating to entry of foreign law firms in India gathered pace this month as the Government actively took initiatives. The biggest impetus to keep the momentum going was the Prime Minister’s views and directives to enable the Government machinery to expedite. Some major changes […]
Chief Justice of India Inclined Toward Entry of Foreign Law Firms
India’s fast track regime for FDI approvals has become a reality now with the publication of the standard operating procedures in this regard. An additional condition has been proposed in Mauritius which will add to the compliance for companies routing their FDI into India through the […]
India: Fast Tracking FDI approvals
India is moving towards a fast track regime for FDI approvals. The Government has initiated the process for creating standard operating procedures in this regard. FDI, being a critical factor, has contributed to improving India’s balance of payment. The growing importance of India can be gauged […]
Modi’s Third Anniversary Achievement – India Retains Top FDI Recipient Rank
India was able to retain its top position in greenfield foreign direct investment (FDI) by beating China and the United States for the second year in a row. The Government’s continuous efforts to improve the FDI climate in the last year have achieved desired outcomes. As […]
India’s Law Commission Frames Rules to Recognise Foreign Lawyers
The Supreme Court has expressed its concern over unsatisfactory regulatory mechanism governing the advocates and observed in a case that there was an urgent need to review the provisions of the Advocates Act, 1961. The Law Commission of India, a body which looks into legal reforms, […]
Legal services disruption in India: Risks and opportunities
For those lawyers and legal services sector professionals about to gather in Mumbai for IDEX Legal’s Asia Law Firm Management Congress (ALFMC) April 20th – thoughts of legal market liberalization and change hastened by technology are taking center-stage. But what do these things mean? And what […]
Facilitating cross-border trade and investment in the Asia-Pacific: An interview with Babita Ambekar of Duane Morris & Selvam
Babita Ambekar is Head of Duane Morris & Selvam’s India and Japan Practice Groups. She advises multinationals on transactions involving India, Indian companies on their global expansion, in Singapore and abroad. She regularly advises Japanese companies on regional and international matters and is actively involved in the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]