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India Amends Capital Gains Tax Treaty With Singapore

The Government of India amended its double taxation avoidance agreement (DTAA) with Singapore on December 30, 2016. The amendment allows the Government of India to levy source-based capital gains taxes on foreign direct...more

Reserve Bank of India Permits Startups to Raise Up to $3 Million in ECB

The Reserve Bank of India announced new rules permitting startups to raise a maximum of USD 3 million or equivalent through external commercial borrowings (ECB) in a financial year. The decision, effective as of October 27,...more

Indian Government Approves New India-Cyprus Tax Treaty

The Indian government approved a new India-Cyprus tax treaty on August 24, 2016 that will allow the Indian government to tax capital gains on investments routed through Cyprus. This is part of a continuing campaign by the...more

8/26/2016  /  Capital Gains , Cyprus , EU , India , Investment , Tax Treaty

Indian Government Relaxes Restrictions on Foreign Direct Investment

The Indian government announced on June 20, 2016 new rules for foreign direct investment (FDI), allowing for up to 100% FDI in certain sectors, including defense and civil aviation. The changes also relax the local sourcing...more

India Ratifies International Convention on Nuclear Energy Accident Liability

The government of India ratified the Convention on Supplementary Compensation (CSC) for Nuclear Damage on February 4, 2016, making India a part of the global agreement establishing standards for compensation of victims of...more

New Fracking Regulations on Disclosure and Disposal Could Cost Industry $32M Per Year

New regulations setting standards for hydraulic fracturing, commonly known as fracking, in oil and gas wells drilled on federal lands were issued recently by the Obama administration through the U.S. Department of the...more

Texas Condensate to Be Exported Without Prior Approval, Testing Federal Limits

On November 5, the Wall Street Journal reported that Australian-based BHP Billiton Ltd. would begin exports from the United States of lightly refined natural gas condensates produced in the United States. In contrast to...more

Exports of Lightly Refined Natural Gas Condensate Approved by Federal Agency

On June 24, 2014, the Bureau of Industry and Security (BIS) of the Department of Commerce issued two advisory opinions (AOs) allowing for the export from the United States of what was reported to be “unrefined” oil. The...more

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