Doing Business in India
As a part of SKP’s series that focuses on the healthcare sector in India, we present to you our latest report, The Medical Device Industry in India: Therapeutic Areas. This report provides insights on four major therapeutic areas – cardiovascular, diabetes care, orthopaedics and neurology. The increasing prevalence of lifestyle-related ailments is leading to growing demand for more advanced medical device support. Presently, although 13.7% of global deaths due to cardiovascular diseases occur in India, the Indian...
On 30 March 2016, the Ministry of Corporate Affairs notified Indian Accounting Standards 18 and 11. These new Ind AS are in line with IAS 18 and IAS 11 and provide holistic guidance in areas that haven’t been addressed by accounting standards under Indian GAAP. In this issue, we discuss the key highlights of Ind AS 18 - Revenue Recognition and Ind AS 11 - Construction Contracts by providing a comparison with the existing revenue recognition standards under Indian GAAP.
To boost the employment and job creation in India, the government, in a meeting chaired by Prime Minister Narendra Modi on 20 June 2016, further liberalised the foreign direct investment (FDI) regime. These changes come as a part of the second round of reformative steps following the initial announcement in November 2015. Now, most sectors would fall under the automatic approval route, except for a small negative list.