India’s recent Budget has introduced what many are dubbing “Harley diplomacy,” as it significantly lowers the cost of premium motorcycles by reducing import duties, according to a ToI report. Ahead of Prime Minister Narendra Modi’s upcoming visit to the U.S., the Union Budget proposes a substantial cut in customs duties on fully assembled motorcycles with engine capacities over 1,600cc—from 50% to 30%. This decision favors luxury brands such as Harley-Davidson, Ducati, Honda, and Suzuki, making these high-end bikes more affordable for Indian consumers.
Indian Tax Firms Expand into Gulf Amid New Tax Reforms
Indian tax advisory firms are increasingly expanding operations into Gulf countries to capitalize on rising demand from multinational companies and India-linked businesses, as the region introduces new tax systems and compliance frameworks....
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