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Foreign firms News

24 Aug 2017

In China, the Party’s push for influence inside foreign firms stirs fears

The presence of party units has long been a fact of doing business in China, where party organisations exist in nearly 70 per cent of some 1.86 million privately owned companies, the official China Daily reported last month.

Minimum Alternate Tax

25 Sep 2015

Govt to amend I-T Act to exempt foreign firms without PE from MAT

In a big relief to foreign firms, government on Thursday said the I-T Act will be amended with retrospective effect to exempt overseas companies which do not have a permanent establishment in India from paying MAT.

01 Jun 2015

Govt simplifies defence rules to woo foreign firms

In order to provide a level-playing field to private players, the government withdrew excise and Customs duty exemptions enjoyed by the Ordinance Factory Board and defence PSUs.

10 Feb 2015

Foreign firms likely to be allowed to claim deduction on DDT

Some announcement in this regard is likely to be made by Finance Minister Arun Jaitley in his Budget on February 28, sources said.

20 Nov 2014

India to allow foreign firms mine and sell coal: Coal secretary

India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters.

31 Jul 2014

Some Coal India mines may be run by foreign firms: Goyal

Goyal said that the government had approved 15 projects for Coal India, with total combined annual capacity of 136 million tonnes.

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