Updates

• DGS analyses the Key Highlights Union Budget 2023-24
  The Union Budget 2023-24 progresses on the foundation laid in the previous Budget, and the blueprint drawn for India@100. As expected, the Budget is a pragmatic one as opposed to a populist one. This is in line with the global economic instability triggered by the pandemic and War.
• Policy Highlights Union Budget 2022-23
  DGS analyses the various policy announcements made in Budget 2022
• 2022 Budget Customs Update
  The Union Finance Minister presented the Union Budget 2022 and proposed the Finance Bill, 2022 in the Lok Sabha on February 1, 2022. An overview of post-budget Customs and Central Excise notifications as well as changes to Customs and GST laws are listed
• Cabinet reshuffle delays data privacy law
• Cabinet approves major Reforms in Telecom Sector: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi on September 15, 2021 approved a number of structural and process reforms in the Telecom Sector. Nine structural reforms and Five procedural reforms plus relief measures for the Telecom Service Providers
• Ameeta Verma Duggal writes for WorldECR about the increasing relevance of Internal Compliance Programmes in India as published.
• Ameeta Verma Duggal writes for WorldECR about the Intangible Transfer of Technology (ITT) Controls. While the broad regulatory provisions governing export controls concerning technology (including ITT) exist in India, the existing regulatory mechanism does not actively provide for ITT controls. In our latest Article published in the WorldECR journal, we discuss India's current focus on evolving and standardising its ITT controls.
• Ameeta Verma Duggal writes in ET CFO
• September 1 and the toys industry waited in hopeful anticipation for an extension of the implementation date of the Toys (Quality Control) Order, 2020 (QCO). The extension was justifiably expected and warranted in the existing circumstances when no stakeholder (including the authorities) are ready as yet to issue the relevant certification and enforce the QCO. Alas, the QCO has been allowed to come into force as of September 1, which will only enhance the chaos and confusion around the sale etc. of toys.
• Ameeta Verma Duggal writes in MoneyControl on the structural reforms that are announced only to meet an implementation block in reference to the recently announced reforms in the space sector.
• Pragmatic Blueprint, Not Emotional Calls Needed Against China
• Ameeta Verma Duggal writes in MoneyControl to discuss the opportunity that has come India’s way to become an economic superpower.
• Ameeta Verma Duggal writes in ET CFO about the unravelling of the WTO disputes settlement mechanism with the Appellate Body being reduced to a single member as a result of the systemic blocking of reappointments of members by the United States and how this development impacts India.
• Ameeta V. Duggal and Aditi Warrier discuss the applications of sanctions in India in their latest Article published in the WorldECR
• DGS Associates conducted a Webinar in November 2020 in collaboration with FICCI and FICCI Flow regarding creating legal awareness at workplace for women towards women empowerment. The Webinar was led by speaker Niti Sudhakar and widely attended by corporate.
• The increasing relevance of internal compliance programmes in India
• India and its ITT Controls
• DGS Associates, in association with ELSA created Legal Resource
• What really is US President Trump up to with an investigation into auto imports?
• India intensifies its role in the on-going trade war
• Is data privacy and protection at the cusp of evolution in India?
• Insight: The eleventh hour compliance with the EU GDPR
• Insight: Decoding India’s export controls for dual use items
• Insight: US challenge to India’s export subsidies
• ETCFO Insight: Why the US wants to undermine the authority of the WTO?
• ETCFO Insight: US tariffs on steel, aluminium and impact on global trade
• Anti-Dumping Duty may eclipse solar energy potential in rural India
• Super lawyer interview

Transaction

• Founder Partner Niti Sudhakar, represented and assisted GPX Global Systems USA and its Indian subsidiaries for the deal size of US$ 161 million entailing successful acquisition of GPX India's cutting edge data centres, fibre connected campus in Mumbai and other business by the Indian arm of Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, enabling Equinix to enter into the strategic Indian market.
  Today marks the day when Equinix is officially in India! Read the press release to learn more: https://eqix.it/3BACC2o
• Proud to have been part of the major accomplishment of the Delhi Airport which became the 1st globally to have 1000 TaxiBot movements in May 2021. Delhi Airport is provided ground handling and cargo services by Celebi as concessionaire. DGS Associates led by Founder Partner, Niti Sudhakar represented and concluded the TaxiBot deal in 2019 worth Euro 45 million investment on behalf of Celebi Aviation with KSU Aviation, the exclusive sales contractor for Israel Aerospace Industries Limited, manufacturer of TaxiBot.
  
  TaxiBots are semi-robotic hybrid special purpose vehicles which are used to tow narrow bodied aircrafts from the terminal gate to the take-off point with the planes’ engines turned off, thereby reducing carbon emission and saving aviation turbine fuel. TaxiBots play a significant role in make Delhi Airport an environment friendly and one of the most sustainable airports in the World.
  
  https://timesofindia.indiatimes.com/business/india-business/going-green-delhi-airport-becomes-first-globally-to-have-1000-taxibot-movements/articleshow/82430183.cms
• DGS Associates led by Niti Sudhakar had the privilege of assisting, advising & representing Mr Milkha Singh in the pioneering sports program "Milkha Surefit" which scientifically developed and tested criterion to identify the right sport fitment for a child based on physical tests and examinations in schools throughout the country. Truly a visionary and a Dreamer. RIP "The Flying Sikh"
• The firm represented Hanwha Solutions Corporation before the DGTR for recordal of its change of name in the recently concluded mid-term reviews concerning imports of "Poly Vinyl Chloride Paste/Emulsion Resins" and "Toluene Di-Isocyanate".
• The firm represented POSCO, POSCO C&C, Dongkuk Steel Mills and KG Dongbu Steel Co. from Korea in the recently concluded anti-dumping investigation concerning imports of "Aluminium and Zinc Coated Flat Products".
• DGS Associates conducted a Webinar in November 2020 in collaboration with FICCI and FICCI Flow regarding creating legal awareness at workplace for women towards women empowerment. The Webinar was led by speaker Niti Sudhakar and widely attended by corporate.
• Recently assisted Srichakra Polyplast Pvt Ltd, a waste management and plastic recycling focussed company, and negotiated investment of US $ 10 million apprx from Singapore based investment management company Circulate Capital in 2020.
• The firm represented Taekwang Industrial Co. Ltd, and Ginza Industries Limited in the recently concluded anti-dumping investigation concerning imports of "Nylon Filament Yarn".
• The firm represented Jeil C&P Co. Ltd. in the recently concluded anti-dumping investigation concerning imports of "Digital Offset Printing Plates".
• The firm represented the Havas Group in its acquisition of the majority stake in Langoor Digital.
• The firm represented the Havas Group in its acquisition of the majority stake in Shobiz Experiential Communications.
• DGS Associates has recently assisted Direct Capital Investments Limited Israel and Lauderco Investments Limited, Cyprus in a transaction for the sale of the entire shareholding in Hyderabad Skyscrapers Private Limited.