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EXEMPTIONS GRANTED TO FIIs AND BIS: FACILITATING FOREIGN CAPITAL INFLOW
The Indian government has introduced sweeping tax exemptions on interest and capital gains from Government Securities for Foreign Institutional Investors and the Bank for International Settlements, effective retrospectively from April 2026. As the rupee plummets past the 97-mark against the US dollar and foreign portfolio investments hemorrhage approximately INR 2.5 lakh crore, these reforms aim to stabilize currency pressures and restore investor confidence in India's debt markets.
India Tax
I
CMS INDUSLAW
Article
When The Wall Speaks No More Moral Rights, The Whale Mural, And The Amar Nath Sehgal Case
In the spring of 2026, workers engaged by the local organizing committee of the FIFA World Cup arrived at a building in downtown Dallas, Texas, armed with industrial paint rollers and a commercial directive: cover the whale. The mural they proceeded to obliterate, a 17,000-square-foot testament to ocean life titled Whaling Wall 82, hand-painted by celebrated marine artist Wyland over two painstaking weeks in 1999, had graced the building for nearly three decades.
India IP
SR
S.S. Rana & Co. Advocates
Article
Intellectual Property Rights - July 2026
In Astral Ltd. v. M/s Astral Marketing Syndicate & Anr., CS (COMM) 294/2024, the Delhi High Court dismissed an application seeking rejection of the plaint for lack of territorial jurisdiction. The Court held that, at the stage of considering an objection under Order VII Rule 11 of the Code of Civil Procedure, the averments in the plaint must be accepted as true. It further observed that an interactive listing on a third-party platform such as Justdial, through which consumers can access product catalogues, initiate enquiries, and contact the Defendant, is sufficient to prima facie confer territorial jurisdiction in an internet-based trademark dispute.
India IP
KS
King, Stubb & Kasiva
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