A raging tax controversy in respect of withholding tax on remittances to non-residents has been resolved after three March and April rulings of the Delhi High Court in the Van Oord case, its order in Maharishi Housing Development case and the latest ruling by the Special Bench of Tax Tribunal, all of which override the November 2009 Karnataka High Court decision in the Samsung case.

The Union Minister of Commerce & Industry has released a new foreign direct investment (FDI) policy framework to rescind all previous FDI Press Notes and consolidate all FEMA, RBI Circular and Press Note regulations into one consolidated document.