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  • Although foreign direct investment in multi-brand retail could address the high rates of food inflation and low revenue by Indian farmers, domestic players remain unconvinced
  • Pallavi Shroff
  • The Indian Supreme Court ruling in the Vodafone tax case brought confidence back to investors by removing a great deal of uncertainty. Canace Wong reviews a case described by many as incomprehensible
  • The 2012 edition of the India Annual Review could not be more timely
  • Hiroo Advani
  • Section 84 of the Indian Patents Act, which allows domestic companies to apply for compulsory licences, was recently tested for the first time by India’s Patents Office. Its March decision against Bayer Corporation has led many foreign pharmaceutical companies and patent holders in other industries to reconsider their India strategies
  • Norwegian telecom operator Telenor is just one of many foreign investors adversely affected by the 2G spectrum scandal. The Government of India is now under pressure to find a solution to this unfortunate episode or face international arbitration
  • Cyril S Shroff
  • Although implementation of the general anti avoidance rules has been postponed for a year, foreign institutional investors remain concerned that the holders of P-notes will be taxed under the GAAR regime. This is despite government assurances to the contrary
  • The Government of India has raised external commercial borrowing limits for various industry sectors across the country in an effort to boost the raising of funds at lower cost overseas. This is expected to help relieve these sectors from financial stress as raising funds domestically is difficult due to the high interest rate regime. Renminbi (RMB) loans could be the big beneficiary