Centre Plans to Start E-Waste Audit, Impose Environmental Compensation Penalty Manufacturers contributing to India’s growing e-waste problem, such as discarded smartphones, printers, and circuit boards, are under scrutiny. The Central Pollution Control Board (CPCB) is taking decisive action to enforce recycling responsibilities, holding companies accountable for their environmental impact. Unpacking the New Initiative CPCB Audits and Penalties Scope: The CPCB will audit various companies over the next one and a half months to ensure compliance […]

GIFT City Funds: Unveiling the Financial Gateway for NRIs GIFT City Funds have emerged as a pivotal innovation, offering NRIs a seamless and advantageous route to investing in India. By enabling investments and withdrawals in foreign currency, GIFT City Funds adeptly address the complexities of currency depreciation and the intricacies of tax regulations. Despite the requisite minimum investment of $150,000, which may pose a barrier for some, the myriad benefits elucidated herein highlight the substantial […]

Budget 2024: How Tax-Free Retail Funds Will Benefit NRIs Introduction to New Regulations In the recent Budget 2024 announcement by Finance Minister Nirmala Sitharaman, significant emphasis was placed on the Gujarat International Finance Tec-City, commonly known as GIFT City. In her address, the minister elucidated that retail schemes and exchange-traded funds (ETFs) established in GIFT City will now enjoy tax exemptions akin to those granted to Category III Alternative Investment Funds (AIFs). This pivotal change, […]

GIFT City Funds: Unveiling the Financial Gateway for NRIs GIFT City Funds have emerged as a pivotal innovation, offering NRIs a seamless and advantageous route to investing in India. By enabling investments and withdrawals in foreign currency, GIFT City Funds adeptly address the complexities of currency depreciation and the intricacies of tax regulations. Despite the requisite minimum investment of $150,000, which may pose a barrier for some, the myriad benefits elucidated herein highlight the substantial […]

How the Budget Has Eased the Rules for International Transactions In a significant move to facilitate global financial operations and investment activities, the recent budget announcements for the fiscal year 2024-25 have introduced pivotal amendments aimed at simplifying the regulatory framework for international transactions. These changes underscore the government’s commitment to bolstering economic growth by promoting investment in overseas markets, including the facilitation of investing directly in foreign stocks and streamlining the process for international […]