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Showing posts from April, 2025

Maritime Sector in India | UJA Market Report

Quick Facts: India's Maritime Sector India is the 6th largest producer of chemicals in the world and the 3rd largest in Asia, contributing 7% to the country’s GDP The chemical and petrochemical industry in India employs over 2 million people and produces more than 80,000 different chemicals and petrochemicals About 70% of India’s chemical production is used within the country India contributes to 2.5% of global chemical sales On the global stage, India holds a strong position in the trade of chemicals, ranking 14th in exports and 8th in imports (excluding pharmaceuticals) India has a significant global presence, exporting chemicals to more than 90 countries, especially in the areas of dyes, pharmaceuticals, and agrochemicals. Government Schemes in the Maritime Sector The Indian maritime sector plays a pivotal role in supporting the country’s trade and economic growth. To modernize infrastructure, enhance port connectivity, and foster sustainability, the government has introduced se...

Advisory for GST Registration Process (Rule 8 of CGST Rules, 2017) Dated February 12, 2025

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  In line with recent developments in the GST registration process, applicants must adhere to the following steps as per Rule 8 of the CGST Rules, 2017: Applicants Not Opting for Aadhaar Authentication: If you choose not to authenticate via Aadhaar, you must visit the designated GST Suvidha Kendra (GSK) for photo capturing and document verification. Upon selecting “NO” for Aadhaar authentication, an email will be sent with GSK details and required documents. You can schedule an appointment via a link in the email. An appointment confirmation will follow through mail. Visit the GSK at the scheduled time for photo capturing, document verification. Non-Generation of Application Reference Number (ARN): For applicants opted Aadhaar-authentication and application identified for Biometric Authentication:  If any of the Promoter/Partner or PAS fails to visit the GSK or biometric authentication fails or document verification is not completed within 15 days of submitting Part B of REG-0...

India’s Real Estate Sector - UJA Market Report

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India’s Real Estate Sector - UJA Market Report Why Invest in India’s Real Estate High Economic Growth Potential India’s GDP Growth: India’s economy is expected to grow at 6-7% annually in the next decade, one of the highest rates among major economies. Strong Demand for Housing and Infrastructure: Rapid economic growth is driving demand for residential, commercial, and industrial properties, creating lucrative investment opportunities. Government’s Focus on Infrastructure Development: The government is investing heavily in infrastructure, with projects like the INR 100 trillion National Infrastructure Pipeline (NIP) to boost urbanization and connectivity. Young Workforce Driving Consumption: With over 65% of India’s population under the age of 35, the workforce is large, dynamic, and consuming, leading to demand for housing and commercial properties. Growing Middle-Class and  Affluent Population Rising Disposable Incomes: India’s middle class is expanding rapidly, with an estimated...

Legal and Commercial Aspects of Global Trade for Indian Businesses in Cross-Border Transactions and Mergers & Acquisitions

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Cybercrime mainly refers to the criminal activities that are carried out with the use of computers and the internet. The activities include hacking, malware attacks, data theft, and the involvement of financial fraud as well. At present, all businesses in India, governments and individuals ideally rely over digital platforms to conduct their business practices.  The digital platforms are prone to various cyber threats. India boasts the largest number of consumers accessing digital services, driven by the rapid growth of e-commerce, fintech, education, and healthcare sectors. Given its expansive digital footprint, it is essential for India to establish a robust framework to address the challenges and capitalize on the opportunities within the digital landscape. Types of Cyber Crime: Child Pornography/ Child sexually abusive material (CSAM) Cyber Bullying Cyber Stalking Cyber Grooming Online Job Fraud Online Sextortion Vishing Phishing Data Breach Online Drug Trafficking Cyber-Squatt...