If you have an Indian subsidiary, either as a cost centre or a profit centre, any international transactions done with the parent entity or any other of your own company, qualifies for transfer pricing. Transfer pricing is essentially a markup that is arrived after detailed study of multiple...
If you have an Indian subsidiary, either as a cost centre or a profit centre, you need to keep it compliant under various applicable laws. These law vary from Company to FEMA to Taxation to Labour to Regulatory etc. The current episode of eLagaan Whiteboard Friday looks at applicable laws for both...
The government’s e-procurement site GeM made it mandatory for sellers to disclose the ‘Country of Origin’ on the products they list on the platform. It also introduced a provision for sellers to indicate the percentage of local content in each product.
Maruti Suzuki India’s MD Kenichi Ayukawa has urged the local parts manufacturers to start making electric components and other key auto parts in India. He stated that developing R&D centers in India will not only bring the vehicle costs down but will also help other car manufacturers as well...
‘Make In India‘ was launched on 15th August 2014 to usher India in a manufacturing boom, intending to displace China as the ‘go to nation’ to manufacture and procure everything (literally). The aim of the current government was to create 100 million jobs by 2022. Enticed by...
The Make In India online monitoring system is developed by Department of industrial Policy and Promotion. Once, logged in the state ranking based on the results of Make In India program could be viewed.
Undoubtedly one of the largest projects under the 'Make in India' initiative, US fighter jet maker Lockheed Martin is ready to manufacture F-16 jets in India. Though no time-frame was committed to have the plant operational, US supports the ongoing talks between the two countries to set up the...
Disclosed under RTI, the logo of the much-hyped Make in India initiative was designed by Weiden+Kennedy India Limited. Founded in Portland, Oregon, it is one of the largest independently owned advertising agencies and was hired by Govt of India for Rs 11 crore for advertising and promotion of the...
The plants will be set up in Rajasthan, Telangana and Andhra Pradesh and start operations by next year. The company aims to reduce the imports from China by increasing the production. The company will invest Rs 100 crore in each plant. Micromax currently has an assembly unit in Rudrapur...
