Infrastructure and Energy Digest

On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and transportation of iron-ore. The Iron-ore Policy will come into effect from February 10, 2021. 

Budget 2021: Finance Minister offers stability in tax regime even as India hunts for growth

Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing them to 15% for new manufacturing entities, and 22% for all corporates.

Union Budget 2021: An Analysis

We at ELP have been analyzing the budgets for two decades now and the record will reflect that more often than not most budgets have not lived up to the hype; but todays budget analysis reveals a stable, pragmatic and long-term budget for India’s growth.

The Budget Buzz Make in India

With the Finance Minister holding a Made in India Tablet in a red case instead of the conventional briefcase or the traditional 'bahi-khata', the message across spectrum is loud and clear i.e. Be Vocal for Local. And the budget, if at all, has only given more reasons to businesses for making more and more in India.

The Budget Buzz – Customs Tariff Measures

In her Union Budget speech, the Finance Minister was intent on positioning India as a global manufacturing hub calling manufacturers world over to Make in India and Make for the World. In its bid to address this agenda through customs and tariff measures, the Finance Minister made significant policy and feasible legislative changes to secure the interest of domestic manufacturers against cheap imports.

Budget -Dispute Resolution

Direct tax proposals announced in the budget have been largely towards simplification, ease of doing business and digitization of tax administration.

Budget Buzz – Depreciation on Goodwill

The Finance Bill 2021 has proposed that good will of a business or profession will not be considered as a depreciable asset and accordingly depreciation would not be allowed on goodwill of a business or profession in any situation.

Quarterly Update-Q3 of 2020

On August 20 and August 26, 2020, the Competition Commission of India (CCI) closed two suo moto cases relating to cartelization by manufacturers of 14.2 kg LPG cylinders in response to the e-tender floated by Bharat Petroleum Corporation Limited (BPCL).

ELP Update – CAROTAR 2020 – Obligations on exporters

Chapter VAA of the Customs Act, 1962 (‘Customs Act’/’the Act’) inserted on March 27, 2020 stipulates a scheme for administering the verification of the country of origin of the goods imported under preferential tariff FTAs with different countries.

Indemnity, Reps & Warranties and Insurance in M&A

This is the first edition of the Practice Guide – India M&A published by Lexology Getting the Deal Through. It provides a contemporary analysis of the legal framework, opportunities, challenges and risks that arise in connection with M&A transactions in India.

Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020

The COVID-19 pandemic has caused immense loss to the lives of people as well as given rise to an econo

INDIA OPPORTUNITY – 2020

Tax and Regulatory Incentives available for doing Business in/and with India

Infrastructure Projects in India

The Indian infrastructure sector has gone through two cycles of investment. The current inflection point is borne out of the changing economic and legal landscapes as well as experiences in privatization.

Back in Action: Recommencement of Construction Activities

While announcing an extension of the lockdown up to May 3, 2020 on April 15, 2020, the Central Government also issued guidelines expanding the list of activities permitted from April 20, 2020

Recent Amendments to India’s FDI Policy: Are they WTO compatible

On April 17, 2020, India amended its Foreign Direct Investment Policy (FDI Policy) requiring all investments from countries sharing land border with India subject to approval from the government.

A Pandemic of Notifications: Major Challenges During Lockdown

Over 50 days of the lockdown but the uncertainty on the prospect of ‘going back to normal’ continues to mount. With a view to alleviating concerns of corporate India..

The ELP Economic Package Analysis

The Finance Minister (FM) in her speech, announced several structural and policy reforms in the coal and minerals sector as part of the Atma Nirbhar Bharat Abhiyan relief measures. The following key changes have been proposed:

The Indian Hospitality Industry: A Comprehensive Guide to Managing COVID-19

White paper for the Hospitality industry by Hotelviate..

Tightening the Ropes on Administration of Preferential Tariff Treatment under Trade Agreements

New Consumer Protection Act: Why businesses need to be prepared for greater risk exposure

The Government of India has introduced various consumer-centric initiatives with businesses now increasingly being at the receiving end of consumer-centric actions and notices from the authorities. Set against this context, this article highlights the new Consumer Protection Act, 2019 (CPA) (which is set to be notified) and - more importantly- what corporate India needs to be mindful of.

Taxation in India: Curated Views

Businesses today are facing immense challenges and doubts with regards to taxation in India. These range from macro to practical day - to day - issues in the direct, indirect, customs and litigation areas. Through this book we have tried to address the most recent and topical tax issues for businesses in India.

Enforcing a claim for liquidated damages in India: Key messages.

Naresh Thacker and Ria Dalwani co- author an article titled 'Enforcing a claim for liquidated damages in India: Key messages' for IBA.

Chambers and Partners Litigation Guide 2019

ELP authors the India Chapter for the Chambers and Partners Litigation Guide 2019.

ELP Article for ABA – Proposed amendments to the arbitration regime in India

Naresh Thacker and Ria Dalwani author an article for American Bar Association on the elevation of arbitration as the preferred mode of dispute resolution in India.