Government policies
India’s new capital goods policy targets 21 mn new jobs by 2025
25 May 2016
The policy targets increasing capital goods production from Rs2,30,000 crore in 2014-15 to Rs7,50,000 crore in 2025 and raising the share of capital goods in total manufacturing activity to 20 per from 12 per cent
Apple fails to get waiver of 30% local sourcing norm
25 May 2016
Apple Inc’s proposal to set up wholly-owned retail stores has been approved by the Foreign Investment and Promotion Board, but it has not succeeded in getting a waiver of 30 per cent local sourcing
India further tightens norms for Bt cotton seed pricing
21 May 2016
Following soon after the imposition of price controls on genetically modified cotton seeds in December last year, the government has now capped royalties for any new variety that biotech firms develop
India unveils intellectual property rights policy
14 May 2016
The IPR policy recognises the need to tap into the abundant creative and innovative energies in India and channelise these to innovation rather than succump to Western pressures over trademark protection
Bankruptcy code clears final hurdle as Rajya Sabha votes
12 May 2016
The bankruptcy code, which unifies more than four overlapping sets of rules, will help slash time taken to wind up a dying company or recover dues from a defaulter
SFIO probing 187 companies running MLM schemes
04 May 2016
Govt defers decision on FDI approval for Agusta-Tata JV
03 May 2016
Indian Rotorcraft Ltd, set up in Hyderabad Aviation SEZ for assembling AW-199Kx helicopters, had sought an increase in its approved FDI of Rs17.6 crore to Rs19.64 crore and a change in the foreign investor from AugustaWestland SpA to Finmeccanica SpA
New bankruptcy code to speed up loan recovery
02 May 2016
Real Estate Act comes into force
02 May 2016
The new rules are expected to create an environment of trust and confidence, paving the way for credible transactions and efficient and time bound execution of projects
Modi govt relents, revises FY16 EPF rate to 8.8%
29 Apr 2016
SC directs common all-India medical entrance test from this year
28 Apr 2016
The apex court approved the proposal to treat the scheduled All India Pre-Medical Test (AIPMT) fixed for 1 May as the first National Eligibility Entrance Test (NEET-1), which will be followed by NEET-II on 24 July
India to save the market for Apple with a relaxed FDI policy
28 Apr 2016
A government panel has approved Apple’s demand for doing away with the 30 per cent local sourcing requirement for retail stores because of the cutting-edge technology the iPhone maker would bring
Reform banking laws to prevent loan defaults, SC tells govt
27 Apr 2016
The Supreme Court has asked the government to “reform” the banking regulations to prevent huge write-offs of bad loans and also to ensure that loan defaulters cannot run away without repaying
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