A draft proposal prepared by the government to modify Press Note 18 substantially dilutes the veto power currently enjoyed by the domestic partner in a joint venture with a foreign major. more

The finance ministry has come out with draft Cenvat credit rules, following the Budget decision to extend credit of input taxes across goods and services. The move will facilitate integration of tax on goods and services (GST). more

IT and BPO companies are increasingly setting up offices in smaller cities in preference to big centres like Bangalore, Hyderabad, Pune and Chennai. more

Outsourcing to India is not just a matter of low-end call-centres chasing up credit card payments. India is rapidly moving up the value chain. A recently published article in the Indian press goes on to elucidate this. more