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August 2003 
Your eye to India-centric and International updates
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This e-supplement is published for the information of clients. It provides only an overview of current happenings in India at the time of publication. We recommend you seek professional advice before taking any action based on the contents of this e-supplement.

 

In the News
Pune - Attracting IT investments
India - No. 5 among the emerging retail market

Interesting Reads
Figuring out the "GAAP"
New scheme BOT invites Bids for Highway upgardation
Regulations on service tax - A clarification on "Business Auxiliary Services"
Special Economic Zones V/s Export Oriented Units-
A comparison of schemes for setting up a manufacturing-export base in India

Quick Links
Insurance Companies next to benefit in SEZs
Franchising - the MNC route to the Indian retail market
Indian Cos stay ahead in the race for patents
SC to decide on Taxman's right to probe Mauritius Cos
Cheaper loans to SEZ units from SBI
India's Cooking Oil market- too tempting for MNCs!!!
Ceiling raised on Forex Remittance to $100,000
New opportunities for CAD- CAM vendors as SMEs opt for sophisticated design tools
Govt hikes pace of reforms as the nation gets set for the next polls
Service Tax on Commissioning & Installation of plant, equipment or machinery
New Electricity Act spikes up share prices of Power Companies

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