Tag: India Legal News

Mixed Forecast for India’s Economic Growth

There were mixed forecasts for India’s growth in reports issued by Fitch and Moody’s. While one showed a continuous decline the other one appeared stable. There is a proposal to liberalise foreign direct investment in foreign portfolio investments. India and South Korea came together to create […]

Dip in India’s FDI While It Climbs Highest in IP Index

India reported reduction in its foreign direct investments. The draft national e-commerce policy has been introduced and currently available for submission of comments by stakeholders. The news to cheer was India’s climb in global intellectual property index. The RBI’s forecast on India’s GDP growth was announced […]

High Growth Forecast for India Amidst Some Concerns

India continued to receive high economic growth forecast, as per reports issued by the International Monetary Fund and United Nations (UN). However, the UN reported highlighted some concerns and worrisome factors. Government of India recently amended the external commercial borrowings rules to further enable ease of […]

M&A: Three easily mitigated but commonly overlooked pitfalls

New Delhi lawyers LexCounsel explore three of the most common mistakes made when it comes to Mergers & Acquisitions and their straight-forward solutions. Author Dimpy Mohanty Firm LexCounsel Mergers and Acquisitions (“M&A”) are an incredibly popular way to grow business inorganically. However, a failed M&A can have far-reaching consequences for […]

India Changes E-commerce FDI Rules

Government of India recently amended the FDI rules in the e-commerce sector. The amendment, though mentioned as a clarification, has made substantial changes to the regulations. Foreign portfolio investors’ registration has increased sharply during the year. The data protection bill appears to have been finalized. Fitch […]

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India Jumps in Doing Business Ranking

India shot up in the World Bank’s Doing Business ranking this year, marking a consistent rise in its performance in the last 4 years. The Government introduced a new initiative to keep the momentum going. India’s was also recognized as the second fastest innovater among major […]

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India Recovers Slightly in Global Competitiveness Rankings

India climbed five places to reach rank 58 in the Global Competitive Index recovering from the huge dip last year, after stellar performances in 2015 and 2016. India’s economic growth forecast by the IMF remained slightly lower that its April forecast. The current royalty norms for […]

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20th D. M. Harish Memorial Government Law College International Moot Court Competition, 2019

It is our pleasure to announce the 20th edition of the D. M. Harish Memorial Government Law College International Moot Court Competition (“DMH”), hosted by Government Law College, Mumbai, India, in association with the D. M. Harish Foundation. DMH is India’s first International Moot Court Competition and started […]

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India’s High Trade Potential in South Asia

The World Bank released a report with startling study on how limited transport connectivity, onerous logistics and regulatory impediments, and lack of trust, it costs more to trade within South Asia than between South Asia and world’s other regions. To give an example – Its 20% […]

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India’s Growth Forecast High Amidst Dollar Woes

India’s economic growth forecast remained stable with Moody’s predicting growth of 7.5%. This was close to the forecast of 7.6% by Reuters. The Government is aiming for further jump in India’s ranking in the World Bank’s Ease of Doing Business Report. Finally, the demonitisation report card […]

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India World’s Sixth Largest Economy

India became the world’s sixth largest economy recently. However, its economic outlook forecast was marginally reduced. In its continued effort to improve ease of doing business, India announced results of States and Union Territories’ performance in Ease of Doing Rankings. India also became home to the […]

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India’s Economic Growth Scores Highest in World Bank Report

India’s economic growth prospects received a major boost from the World Bank and the Government of India reports. The Government also simplified the reporting of the foreign investment by Indian entities. The Government’s increasing focus on intellectual property rights and its awareness resulted in creation of […]

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India Attracts Largest E-Commerce Deal

India’s potential for high growth in retail came to the forefront with the acquisition of its biggest homegrown online retail company. The high economic growth prospects were reaffirmed by the IMF. There will be a new system for monitoring of foreign investment in listed entities. The […]

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India receives high economic growth forecasts

The global discussions around India’s economic growth continue to gather focus as we enter into the fifth and final fiscal year for the current Government. There was mixed response from various international agencies, which we have captured below. Asian Development Bank – Asian Development Bank (ADB) […]

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India virtually closes the door to entry of foreign law firms

The much awaited verdict of the Supreme Court of India was pronounced recently which virtually closed the door for entry of foreign law firms. The Government has drafted an updated defence policy which seeks to increase foreign direct investment in the sector. India and Canada have […]

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Global Corruption Index Dampens India’s Governance

The Central Government’s financial budget was announced wherein some foreign investment related policies were mentioned. There were changes proposed for foreign portfolio investors. The Indian Prime Minister declared India to be one of most open economies in the world. However, the dampener was India’s downward movement […]

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Asia Law Firm Management Congress set for Mumbai, April 12, 2018

The second annual Asia Law Firm Management Congress (ALFMC) will take place April 12, 2018 at The St. Regis Hotel in Mumbai, India. Following up on a successful inaugural event last year where over 70 lawyers and management professionals from law firms across the region gathered to share ideas and debate the […]

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Sweeping Changes to India’s FDI Policy

2018 began with a bang for foreign investors as India made multi-fold changes to its FDI Policy. The IMF also forecast India would become the fastest growing economy in 2018 and 2019. The Bar Council of India denounced the changes suggested by the Law Commission of […]

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India’s Indigenous Progress

As 2017 draws to a close, the Indian Government’s initiatives on ‘Make in India’ seems to have made significant progress in one industry. The labour law reforms undertaken by the Government in the last three years have been summarized recently in the Parliament. A Harvard Law […]

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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 […]

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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 […]

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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 […]