Consultative Paper on proposed SEBI (Real Estate Investment Trusts) Regulations for Public Comments
The Consultative Paper and draft SEBI (Real Estate Investment Trusts) Regulations are placed on SEBI website for Public Comments. The full text of the Consultative Paper and the draft Regulations is available on here. Click here. Comments are invited on the Consultative Paper latest by October 31, 2013. ------------------------------------------------------------ Excerpts from the Paper 1. Background 1. India™s… Read More
Tags: India, Real Estate, Real estate investment trust, Real Estate Investment Trusts: Structure Performance and Investment Opportunities (Financial Management Association Survey and Synthesis Series), REIT, Securities and Exchange Board of India, Singapore, United States
FDI :: Government Approves 17 Proposals for Foreign Direct Investment
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 29, 2013, the Government has approved17 Proposals of Foreign Direct Investment (FDI) amounting to Rs. 992.61crore approximately. In addition, one proposal viz., M/s Jet Airways India Ltd., amounting to Rs. 2057.66 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on29.07.2013. Following 17 (Seventeen) proposals have been approved. Sl.… Read More
Tags: FDI, FIPB, foreign direct investment, Foreign Investment Promotion Board, Government, India, Mumbai, Singapore
RBI releases its monthly Bulletin for July 2013
The Reserve Bank of India today released the July 2013 issue of its monthly Bulletin. The Bulletin includes four special articles: (i) International Banking Statistics of India: June, September and December 2012; (ii) Survey on International Trade in Banking Services: 2011-12; (iii) India's Foreign Trade: 2012-13 and (iv) Industrial Outlook Survey: 2012-13. 1. International Banking Statistics of… Read More
Tags: Banking in India, December 2012, Hong Kong, India, Reserve Bank of India, Singapore, United States, United States dollar
Visa on Arrival Scheme – May’13 Review
Visa on Arrival Scheme Registeres a Growth of 37 Percent during May 2013 ; Highest Number of VoAs Issued to Japanese Tourists Visa on Arrival (VOA) scheme of the Government continues to be popular with foreign tourists. It registered a growth of 37.2% during May, 2013 as compared to May, 2012. During the month, a total… Read More
Tags: Cambodia, Finland, Japan, New Zealand, Philippines, Singapore, Vietnam, Visa
India and Singapore Extend by Five Years Agreement for Use of Army Training and Exercise Facilities in India
India and Singapore last night signed a fresh agreement to extend the use of training and exercise facilities in India by the Singapore Army for a further period of five years from August this year. The agreement was signed by the Indian Defence Secretary Mr Radha Krishna Mathur and the Singaporean Permanent Secretary of Defence Mr… Read More
Tags: A. K. Antony, Antony, Asia-Pacific, Bilateralism, India, Radha Krishna, Singapore, Singapore Army
Evolving Regulations and Emerging Market Challenges – The Indian context
(Keynote address by Shri G Padmanabhan, Executive Director, Reserve Bank of India at the 8th Annual Conference of the Foreign Exchange Dealers' Association of India, held in Singapore on May 24, 2013) It is a pleasure to once again address the practitioners of foreign exchange at this Seminar organized by the Foreign Exchange Dealers Association of… Read More
Tags: Independent Commission on Banking, India, John Vickers, OTC, Reserve Bank of India, Singapore, United States, Volcker Rule
Visa on Arrival Scheme Registers 23% Growth During April 2013
Visa on Arrival (VOA) scheme of the Government continues to be popular with foreign tourists. It registered a growth of 23.5% during April, 2013 as compared to April, 2012. During the month, a total number of 1408 VoAs were issued as compared to 1140 during April, 2012. The following are the other important highlights of VoAs issued during April,… Read More
Tags: April 2013, Cambodia, Finland, Indonesia, New Zealand, Philippines, Singapore, Visa, Visa on arrival
Income Tax Overseas Units
Income Tax Overseas Units have been set up in Indian Missions abroad as part of efforts to unearth black money. Tax Officers at the level of First Secretary are being posted to Income-tax Overseas Units (ITOUs) in Indian Missions abroad to maintain effective coordination and liaison between Indian tax authorities and the tax authorities of… Read More
Tags: Cyprus, Double taxation, Exchange of Information, Income tax, Mauritius, Ministry of External Affairs, Singapore, United States
CLR Snippets :: Visa on Arrival
The third Inter-Ministerial Coordination Committee on Tourism Sector has decided to extend facility of Tourist Visa on Arrival at Goa, Trivandrum, Bangalore, Hyderabad and Kochi airports. The Government of India has permitted Tourist Visa on Arrival (TVoA) facility for the citizens of 11 countries viz. Japan, Singapore, Finland, Luxembourg, New Zealand, Cambodia, Laos, Vietnam, Philippines… Read More
Tags: Finland, Goa, Government of India, Kochi, New Zealand, Singapore, Thiruvananthapuram, Visa
In order to recover foreign arbitration award, a Company’s name can be restored
Ratio of the Case: Merely because a financial loss would be suffered by the appellant qua the arbitration Awards which had been passed against him would not entitle him to come under the exception seeking a refusal of the restoration of the company. CLR Editorial Note: The appellant was aggrieved by an order wherein an… Read More
Tags: Appeal, Arbitral tribunal, Arbitration, Arbitration award, Civil procedure, Dispute resolution, Law, Singapore
India and Singapore Sign MoU on Air Services
India and Singapore Sign MoU on Air Services: Capacity Entitlements Enhanced by 10 Percent India and Singapore signed a new Memorandum of Understanding (MoU) on bilateral air services arrangement in the presence of Civil Aviation Minister, Shri Ajit Singh and Minister of Transport of Singapore, Mr Lui Tuck Yew on April 2 in Singapore. It… Read More
Tags: Civil Aviation Authority of Singapore, Civil Aviation Ministry, Delhi, India, Iswaran, Lui Tuck Yew, Madurai, Singapore
Long term Capital Gains on Share transfer of Indian Listed Cos. between foreign entities exempt from tax – Goodyear case
Background: In 2011, US based manufacturer Goodyear Tire and Rubber Company had transferred 74% of its holding in Goodyear India to its subsidiary in Singapore without taking any consideration. The Indian Tax claimed that there is a tax implication in this transaction, while the Authority for Advanced Ruling (AAR), ruled that this particular transaction is not subject to… Read More
Tags: Capital Gain, Delhi High Court, India, Long-Term Capital Management, Singapore, Tax, Tax treaty, United States