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Government has announced PLI Scheme for 13 Target Sectors, including High Efficiency Solar Photo Voltic (PV) Modules.PLI Scheme for Solar PV Modules was approved on April 7, 2021 with financial outlay of INR 4,500 crore...
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Select articles in this series are dedicated to regulatory changes announced in India's recent Union Budget - our article on India's tariff policies for instance, examines the Government's stance on tariffs and customs duties - which may force several companies to revisit their supply chain structures
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Each PLI Scheme specifies conditions and qualifying criterion for eligibility. Qualifying parameters across notified PLI Schemes are similar, with threshold criteria differing in each Scheme. Key parameters are as follows:
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Challenging circumstances have unfolded in the wake of the Covid-19 pandemic. Although there are echoes in plagues and the spread of viruses in both far and recent pasts, the Covid-19 pandemic is unprecedented in many ways
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On January 20, 2021, the Competition Commission of India (CCI) approved the proposed acquisition by Flipkart Investments Private Limited (Flipkart) of a minority stake of 7.8%, on a fully diluted basis, in Aditya Birla Fashion and Retail Limited (Aditya Birla) (collectively, Parties). The relevant market proposed by the Parties was the broad market for B2B sales..
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SUPREME COURT APPOINTS ARBITRATOR AND REFUSES TO ENTERTAIN OBJECTIONS OF NOVATION OF AGREEMENT STATING THAT THOSE ARE MATTERS FOR AN ARBITRATOR TO DECIDE.
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The Authority for Advance Ruling (‘AAR’) under the service tax regime, in case of a Global Investment Banking company, while examining the car lease scheme offered to the employees, gave a wide very connotation to “in the course of or in relation to his employment”
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The Memorandum to Finance Bill, 2021 (Bill) states that “there is a need for some clarification to correctly reflect the intention of various provisions concerning
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Snowballing role of trustees in mutual fund....
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The GST regime came as a solo performer in the Indian world of varied range of indirect taxes. While there were a lot of expectations during its implementation, the subject still lacks clarity on certain aspects and calls for frequent amendments.
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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.
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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.
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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.
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India’s regulatory regime in the corporate sector has been witnessing swift changes.
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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.
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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.
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The COVID-19 pandemic has caused immense loss to the lives of people as well as given rise to an econo
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Tax and Regulatory Incentives available for doing Business in/and with India
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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.
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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.
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Naresh Thacker and Ria Dalwani co- author an article titled 'Enforcing a claim for liquidated damages in India: Key messages' for IBA.
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ELP authors the India Chapter for the Chambers and Partners Litigation Guide 2019.
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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.
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