We have in the past covered government’s removal of restrictions on royalty payments by Indian companies to foreign collaborators in cases of technology transfers, usage of trademarks, brand names etc. and how this decision came to be misused by the foreign parent companies. As a first step towards undoing the abuse of this policy, an inter-ministerial group to examine the issue has been formed.  It is also rumoured that this move may be part of the proposed retaliatory measures against … Continue reading Government Forms Inter-Ministerial Group to Review Royalty Payment Outflows