Government policies

Govt move to merge RINL and SAIL seen hurting Vizag steel plant workers

Govt move to merge RINL and SAIL seen hurting Vizag steel plant workers

30 Sep 2024

The government’s move to save debt-laden Rashtriya Ispat Nigam Ltd (RINL) from certain collapse by merging it with Steel Authority of India (SAIL) Ltd seems to be taking a toll on the Vizag plant’s employees.

Cabinet approves extension of MSP, price stabilisation schemes till 2025-26

Cabinet approves extension of MSP, price stabilisation schemes till 2025-26

20 Sep 2024

The union cabinet has decided to continue with the schemes under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) that ensure remunerative prices

Uttar Pradesh govt offers 25% additional subsidy for semiconductor units

Uttar Pradesh govt offers 25% additional subsidy for semiconductor units

12 Sep 2024

The Uttar Pradesh government is exploring the possibility of hosting semiconductor fabrication units in the state with potential subsidies of over 75 per cent of their capital cost

Govt extends Rs5 lakh free insurance cover to all citizens above 70 years

Govt extends Rs5 lakh free insurance cover to all citizens above 70 years

12 Sep 2024

The union cabinet on Wednesday approved the extension of health insurance coverage to all senior citizens aged 70 years and above, irrespective of income, in a move that will benefit 45 million families.

Hydrogen use to help lower India’s oil imports by Rs1 lakh crore by 2030

Hydrogen use to help lower India’s oil imports by Rs1 lakh crore by 2030

12 Sep 2024

India’s Green Hydrogen Mission has set a target of 5 million tonne annual production of green hydrogen by 2030, which would help reduce the country’s fossil fuel imports by Rs1 lakh crore

India plans Rs5,00,000-cr sovereign wealth fund

India plans Rs5,00,000-cr sovereign wealth fund

09 Sep 2024

Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)

India opens market for semiconductor companies in Singapore

India opens market for semiconductor companies in Singapore

07 Sep 2024

India will allow semiconductor companies in Singapore to expand activities into this country under a memorandum of understanding (MoU) signed in Singapore, on Thursday.

Govt launches centre for developing, commercialising graphene technology

Govt launches centre for developing, commercialising graphene technology

05 Sep 2024

Government of India has launched an engineering and innovation center to facilitate commercialisation of graphene technology.

Cabinet approves Kaynes Semicon's Rs3,300-cr semiconductor plant in Gujarat

Cabinet approves Kaynes Semicon's Rs3,300-cr semiconductor plant in Gujarat

03 Sep 2024

The union cabinet on Monday approved a proposal by Kayness Semicon Pvt Ltd for setting up a Rs3,300-crore semiconductor manufacturing unit in Sanand, Gujarat.

Govt announces Rs14,235-cr outlay for 7 major agriculture schemes

Govt announces Rs14,235-cr outlay for 7 major agriculture schemes

03 Sep 2024

The center on Monday announced seven major schemes, involving a total outlay of Rs14,235.30 crore, for improving the lives and livelihoods of farmers across the country.

Govt amends rules to facilitate overseas listing of Indian companies through IFSC

Govt amends rules to facilitate overseas listing of Indian companies through IFSC

30 Aug 2024

The finance ministry has amended Securities Contracts Regulation Rules (SCRR), 1956, to facilitate Indian companies to directly list securities on international exchanges of GIFT IFSC.

Postal staff to carry out physical verification of new KVIC units

Postal staff to carry out physical verification of new KVIC units

22 Aug 2024

Khadi and Village Industries Commission (KVIC), an undertaking of the ministry of micro, small and medium enterprises (MSME), has entered into a memorandum

Govt launches pilot project to convert fair price shops to nutrition centres

Govt launches pilot project to convert fair price shops to nutrition centres

21 Aug 2024

The government on Monday launched a pilot project for converting Fair Price Shops into `Jan Poshan Kendras’, with the aim of providing better income to ration shops and nutrition-rich food items to consumers.

Govt seeks to empanel AI infra providers for India AI Mission

Govt seeks to empanel AI infra providers for India AI Mission

19 Aug 2024

Ministry of electronics, and information technology (MeitY) has invited AI service providers within the country for empanelment as AI service providers on cloud under the Rs10,372-crore India AI Mission.

Ginners across the country empowered to produce Kasturi Cotton Bharat brand: minister

Ginners across the country empowered to produce Kasturi Cotton Bharat brand: minister

08 Aug 2024

The ministry of textiles has empowered cotton ginners across the country to produce Kasturi Cotton Bharat brand, based on the QR code certification technology, as per stipulated protocol.

Visveswaraya Iron and Steel Plant back on revival path

Visveswaraya Iron and Steel Plant back on revival path

31 Jul 2024

Visveswaraya Iron and Steel Plant (VISP), which the government put up for sale in October 2016, is now on the revival path with 130000 tonnes of steel production in the 2023-24 financial year.

CBDT explains Budget proposal on capital gains tax

CBDT explains Budget proposal on capital gains tax

25 Jul 2024

The Budget, through the Finance Bill, has proposed a rationalisation and simplification of the taxation of capital gains.

Govt working to improve viability of Fair Price Shops

Govt working to improve viability of Fair Price Shops

25 Jul 2024

The centre is carrying out a pilot study on ways to improve the viability of Fair Price Shops (FPS) that currently distribute food grains and related items provided under government subsidy to weaker section of population.

Govt reopens PLI scheme for white goods to benefit more investors

Govt reopens PLI scheme for white goods to benefit more investors

15 Jul 2024

Government has reopened the application window for the production-linked incentive (PLI) scheme for white goods (ACs and LED lights) in order to allow more investors to benefit from the scheme

India’s telecom equipment sales cross Rs50,000 crore with PLI scheme

13 Jul 2024

Domestic manufacturing and sales of telecom equipment in the country achieved a milestone of  Rs50,000 crore with the implementation of the production-linked incentive (PLI) scheme.

Maharashtra govt abandons Metro-1 buy-out plan,  to resolve debt crisis

Maharashtra govt abandons Metro-1 buy-out plan, to resolve debt crisis

10 Jul 2024

The Maharashtra government has abandoned its decision to acquire Mumbai Metro One Private Ltd (MMOPL) and directed Mumbai Metropolitan Region Development Authority (MMRDA)

DoT mops up Rs11,340 cr through auction of left over spectrum, licence renewal

DoT mops up Rs11,340 cr through auction of left over spectrum, licence renewal

29 Jun 2024

Department of Telecom has raised Rs11,340 crore revenue through auction of a total of 141.4 MHz of unsold spectrum from the previous auction and renewal of expiring spectrum licence in June 2024.

Ministry of textiles approves Startups scheme for technical textiles

Ministry of textiles approves Startups scheme for technical textiles

17 Jun 2024

The union ministry of textiles has approved a scheme of financial support for startups in technical textiles by promoting innovation and transformative development in order to make the industry sustainable.

DPIIT organises workshop with Flipkart and Indian toy industry

DPIIT organises workshop with Flipkart and Indian toy industry

12 Jun 2024

Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday orgainised a workshop with e-commerce major Flipkart and representatives of India toy industry

CSC signs MoU to convert 10,000 FPOs into CSCs

09 Jun 2024

The Special Purpose Vehicle created for setting up Common Service Centres (CSCs) has signed a memorandum of understanding (MoU)

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