India Finance Brief

India-made goods at duty-free shops to cost less
Economic Times
In line with international practice, India has exempted from excise duty, goods manufactured in the country and sold at airport shops to foreign travellers and Indians going abroad. This would make the products cheaper by 7 percent-9 percent.

Government to soon redefine 'control' in its FDI policy
Economic Times
The government will soon put out a tighter definition of control and ownership in an Indian firm with foreign stakeholders, with the ministries of commerce and finance settling their row over the matter. "There will be some clarifications on foreign direct investment (FDI) policy, and whatever clarifications will be issued, will be prospective," Commerce and Industry Minister Anand Sharma said.

Australia-India ink MoU for skills training in agriculture sector
Economic Times
India and Australia on Thursday signed an agreement for skill development in the agriculture sector. The Memorandum of Understanding (MoU) results from the joint commitment of Australian and Indian Prime Ministers in October 2012 to build bilateral partnerships between skills councils in key sectors such as telecom, retail, mining, media/entertainment and agriculture.