SKMC Global

Big News in India’s Semiconductor Journey!
Tata Electronics has entered into a strategic semiconductor manufacturing partnership with Japan’s ROHM Co., a major step forward for India’s electronics ecosystem and Make in India ambitions.

Under this collaboration:
• Tata Electronics will assemble and test automotive-grade power semiconductors designed by ROHM.
• The focus is on Nch 100V, 300A Si MOSFETs in a TOLL package, crucial for automotive applications.
• The goal is to kick off mass production and shipments by 2026, strengthening both domestic manufacturing and global supply chains.

This partnership not only enhances India’s capabilities in advanced semiconductor production but also deepens technological ties with global players aligning with the country’s vision to become a leading hub for electronics and semiconductor innovation.
A milestone for Indian manufacturing, one step closer to building a robust and resilient semiconductor ecosystem!
SKMC Global enables semiconductor and electronics manufacturers with end-to-end compliance—from licenses, customs & FEMA to tax, risk management, and large-scale project support.

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#Semiconductors #MakeInIndia #TataElectronics #ROHM #ElectronicsManufacturing #SKMCGlobal #RegulatoryCompliance #ManufacturingExcellence #IndiaGrowthStory

1 day ago | [YT] | 1

SKMC Global

India has successfully concluded Free Trade Agreement (FTA) negotiations with New Zealand, marking a significant milestone in strengthening bilateral economic cooperation. After resuming talks earlier this year, both nations have reached an agreement that reflects strong political will and shared vision for deeper economic ties.

Key Highlights:

• Tariffs on 95% of New Zealand’s goods entering India will be cut or reduced — with many products becoming duty-free.
• The pact is expected to expand market access, boost exports, and enhance trade flows between the two economies.
• Negotiations were completed in just nine months, demonstrating strong mutual commitment.

This landmark deal not only opens up new opportunities for exporters and investors but also strengthens economic integration in the Indo-Pacific region. It sets the stage for enhanced collaboration across sectors, including goods, services, and talent mobility.

A meaningful step toward inclusive and sustainable trade growth, one that promises greater market access, stronger partnerships, and shared prosperity.

#Trade #FTA #India #NewZealand #GlobalTrade #EconomicGrowth #Exports #Business #InternationalRelations

2 days ago (edited) | [YT] | 1

SKMC Global

Important Tax Compliance Update for Professionals in MNCs!

Many multinational companies (MNCs) in India are now asking employees to disclose any previously undisclosed foreign assets and foreign-sourced income. This comes after the Income Tax Department’s push under its latest compliance drive.

The key takeaways:
•The Income Tax Department has sent reminders to MNCs to urge staff to reveal foreign assets and earnings not reported in returns.

•The deadline for voluntary disclosure is December 31, 2025 — missing this could lead to significant penalties or even prosecution under the Black Money law.

•Many employees have overlooked reporting foreign ESOPs, dividends, and other income due to misconceptions about tax visibility but information flows via international data-sharing frameworks like FATCA and CRS.

This push illustrates how global information exchange is strengthening tax transparency, making voluntary compliance crucial.
Whether you’re working in an MNC or advising professionals on tax compliance, now is the time to review foreign asset disclosures and update your filings if needed.

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#TaxCompliance #ForeignAssets #IncomeTax #MNC #NUDGEInitiative #ESOP #BlackMoneyAct

2 days ago | [YT] | 0

SKMC Global

Don’t wait for ITR processing to catch errors. Act before 31 December 2025 to safeguard your refund and compliance.

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#ITRAlert #RevisedITR #IncomeTaxIndia #TaxCompliance #TaxRefund #AY202526 #ITRProcessing #ITRU #IncomeTaxReturn #TaxDeadline #TaxAwareness #CPC #Section245 #CharteredAccountant #SKMCGlobal

4 days ago | [YT] | 0

SKMC Global

A New Era for India-Oman Trade: CEPA Officially Signed

Key Highlights of the India-Oman CEPA:

• Zero-Duty Access: Immediate tariff elimination on 97.96% of product lines, covering 99.38% of India's exports by value.
• Sectors in the Spotlight: Major boosts for labour-intensive industries including Textiles, Gems & Jewellery, Leather, Pharmaceuticals, Engineering, and Automobiles.
• Services Revolution: Oman has opened 127 sub-sectors (including IT, Health, and Education) and now allows 100% FDI for Indian companies.
• Professional Mobility: A breakthrough for talent! Longer stays for service suppliers (extended to 2 years) and increased quotas for intra-corporate transferees.
• Strategic Milestone: This follows India’s recent successful pacts with the UK, UAE, and Australia, solidifying our position as a global trade powerhouse.

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#IndiaOmanCEPA #GlobalTrade #MakeInIndia #StrategicPartnership #EconomicGrowth #ExportIndia #BusinessExpansion #PiyushGoyal #NarendraModi #skmcglobal

5 days ago (edited) | [YT] | 0

SKMC Global

India’s new export push to the Russia bloc targets pharma, chemicals, and engineering goods to rebalance a widening trade gap.
With strong demand in the EAEU, this move can unlock value-added growth and major opportunities for Indian manufacturers.



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#IndiaExports #ForeignTrade #TradeDeficit #PharmaExports #ChemicalIndustry #EAEU #RussiaTrade #ExportOpportunities #MakeInIndia #IndianEconomy #GlobalTrade #MSMEGrowth #ManufacturingIndia #ExportGrowth #TradeUpdates #InternationalBusiness #EconomicDevelopment #TradeReforms #IndiaBusinesses #EconomicOutlook #skmcglobal

2 weeks ago | [YT] | 0

SKMC Global

Fitch has revised India’s FY26 GDP growth forecast to 7.4%, up from 6.9%, reflecting stronger-than-expected economic momentum.


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#IndiaEconomy #GDPGrowth #FitchRatings #EconomicOutlook #IndiaGrowthStory #EconomicReforms #ConsumerDemand #GSTReforms #MarketUpdates #BusinessNews #FinancialInsights #Macroeconomics #IndiaRising #GrowthForecast #EconomicTrends #PolicyUpdates #InvestmentOutlook #InflationTrends #IndiaMarkets #EconomicDevelopment #skmcglobal

2 weeks ago | [YT] | 0

SKMC Global

The Union government has officially implemented the four Labour Codes to modernise and simplify India’s labour laws after five years. These codes expand social security, mandate appointment letters and minimum wages, and introduce protections for gig, platform, and fixed-term workers. Major provisions will fully take effect once the Centre and states notify the final rules.

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#LabourCodes #LabourLawReforms #IndianLabourLaws #SocialSecurity #GigWorkers #PlatformWorkers #WagesCode #IndustrialRelations #OSHCode #WorkersRights #EmployeeWelfare #HRCompliance #LegalUpdates #PolicyReforms #GovernmentNotifications #EmploymentLaws #WorkplaceSafety #LabourCompliance #IndiaBusiness #HRProfessionals #ComplianceUpdates #LabourReformIndia #NewLabourCodes #BusinessCompliance #HRManagement #skmcglobal

1 month ago | [YT] | 0

SKMC Global

The Government of India has officially notified the rules under the Digital Personal Data Protection (DPDP) Act, marking the true operational rollout of the country’s first dedicated digital privacy framework.
This landmark move finally brings clarity on how companies, government bodies, and digital platforms must collect, store, use, and protect personal data.


Under notified rules:
1. Clear duties for Data Fiduciaries: Strict obligations on consent, purpose-based data use, storage, and grievance handling.
2. Empowered users: Individuals can now give, withdraw, or review consent for how their personal data is used.
3. Phased implementation: Core rules apply immediately; advanced compliance kicks in over the next 12–18 months.
4. Significant Data Fiduciaries: Larger or high-impact entities will face mandatory audits, risk assessments, and enhanced safeguards.
5. Stronger breach reporting: Organisations must notify users and the Data Protection Board of India (DPB) within defined timelines.
6. Extra protection for children & persons with disabilities: Stricter verification and authorisation requirements.
7. Cross-border data transfers eased: Allowed unless specifically restricted by the government.


With these rules in force, businesses across tech, fintech, e-commerce, and digital services must begin aligning internal systems and governance practices with the DPDP framework.


Stay updated with SKMC Global.
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#DPDPAct #DigitalPrivacy #DataProtection #DataGovernance #PrivacyLaw #DataFiduciary #DataSecurity #ComplianceIndia #TechRegulation #DigitalIndia #LegalCompliance #RegulatoryUpdates #CyberSecurityIndia #GovernanceRiskCompliance #GRC #RiskManagement #DataBreach #CrossBorderData #DigitalTransformation #SKMCGlobal #ComplianceExperts #BusinessCompliance #RegulatorySupport #CorporateGovernance #IndiaTech #FintechIndia #EcommerceIndia #DigitalEcosystem #PrivacyByDesign #GlobalStandards

1 month ago | [YT] | 0

SKMC Global

DGFT’s new public notice (29th Oct 2025) updates the TRQ process for gold imports under the India–UAE CEPA.
Now, applicants with BIS hallmarking registration and GST registration can import gold under HS Code 7108

This update reflects DGFT’s focus on quality control, fair competition, and seamless import management.

For assistance with DGFT filings, BIS registration, or TRQ compliance, contact SKMC Global — your trusted trade compliance partner.
info@skmcglobal.com
www.skmcglobal.com

#DGFTUpdate #GoldImport #CEPA #IndiaUAE #TradeCompliance #BISRegistration #GSTRegistration #TariffRateQuota #BullionTrade #ImportRegulations #SKMCGlobal

1 month ago | [YT] | 1