India

News, Analysis & Opinion about Indian Business

After IT Parks, Food Parks in India Attract Investment

With a view to reduce crop wastage of Rs.50,000 crore per year and increase share of processed food in the country to 20% from the present 6%, the government is setting up 30 food parks in next 5 years with a public-private partnership.

Amul Butter and Cheeni Kum – Sexy Taste

Amitabh Bachchan, the self-proclaimed chef of the finest authentic Indian restaurant in London, enjoying Amul butter – Cheeni Kum, Butter Zyada, Sexy Taste.

Reverse Mortgage in India – The Tax Implications

With the government still unclear about the final tax treatment of  the periodic payments received by the borrower under a reverse mortgage scheme, many banking companies and especially the senior citizens (users for the product) are in a state of dilemma.

Why is the Indian Rupee Falling?

After creating nerves for Indian exporters, especially the IT companies, the rupee finally touched a month low by falling 43 paisa to close at 41.13 (it touched an intraday high of 41.18) on 8 June.

Income Tax Department Blog To Answer Tax Queries

The sarkari babus in India are blogging! The tech-savvy Income Tax Department of India under the Ministry of Finance now has an official blog (yes, with feeds) to connect better with the tax payers of India.