y

DPIIT may take a relook at FDI restrictions from China in policy review: Sources

No country in the world has been able to decouple with China, says Commerce Secretary




y

Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




y

Govt supports e-commerce but demands fair play and honesty, says Piyush Goyal

Goyal highlighted the benefits of e-commerce while expressing concerns about predatory pricing practices and the need to protect small retailers




y

Govt to provide financial assistance to North Eastern States for hydro power development

This scheme has an outlay of ₹4,136 crore to be implemented from FY25 to FY32




y

Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

y

Defence Ministry cautions firms using Chinese parts for drones

Ministry dashes off a letter to industry bodies asking them to sensitise manufacturers against using Chinese parts for drones




y

Govt proposes new window in NRS auctions for buying coal without end use requirement

Coal Ministry proposes new window in NRS Linkage Auction Policy for long-term coal linkages without end use restrictions




y

Government may approve fresh applications for chip facilities in India

New projects could be announced in the upcoming Semicon India between September 11 and 13




y

NFRA-ICAI tussle over key audit standard overhaul: CA Institute Council to meet on Sep 17 to discuss future strategy

ICAI to debate NFRA’s plan to overhaul audit standard SA600, fearing concentration of market in few hands




y

India enforces mandatory CCI approval for M&As over ₹2,000 crore under new regulations

The updated regulations define ‘India nexus’ criteria, including user metrics and turnover, and introduce a ₹500 crore monetary threshold.  




y

Govt brings all citizens aged 70+ under Ayushman Bharat’s ₹5 lakh health scheme

India expands Ayushman Bharat to cover 6 crore senior citizens aged 70+ with ₹5 lakh free health insurance per family, at a total cost of ₹3,437 crore




y

Ayushman Bharat scheme could see addition of more geriatric care packages: Health Ministry officials

Suggestions have been sought to increase the number of geriatric care packages under the health insurance scheme




y

Finance Ministry notifies new rules for compounding under FEMA

The new rules aim to further promote ease of investment




y

Legislative bodies should use technology to discuss, shape welfare schemes for the poor, says LS Speaker Birla

By ensuring accountability and transparency of the Executive, democratic institutions make governance more responsible and efficient, says the Lok Sabha Speaker




y

Govt to launch another PLI scheme for speciality steel: Steel Secy

Speciality steel is an area where more needs to be done, says Steel Secretary Sandeep Poundrik




y

Regulatory, policy reforms crucial for future of India's pharma R&D: Report

Inadequate capacity for drug regulation, need for advanced testing facilities, lack of strong framework for monitoring quality compliance among policy challenges, says report




y

Wage ceilings likely to be hiked for EPS, EPF and ESIC: Labour Ministry sources

Talks are at an advanced stage to firm up the quantum of increase




y

Parliamentary panel expresses concern over CCI budget cuts

Panel seeks updates on pending competition cases, CCI’s backlog, and progress of the Draft Digital Competition Bill targeting the digital market




y

FDI policy: Instead of overall review, govt may continue with tweaks

Focus will be on liberalising sector specific policy as and when required; improving processes




y

QR code diktat to be widened for more medicines, says DCGI Raghuvanshi 

already Top 300 drug brands are already under mandatory QR code net 




y

Aadhaar made mandatory for PM Internship Scheme

Internship opportunities surges to touch 50,000 mark; 130 companies have onboarded the internship portal




y

Invoice Management System may add compliance for GST assesses, say tax experts

First GSTR-2B based on IMS to be generated for October on November 14.




y

Family pension in case of two widows to be paid after deciding legality of second marriage

Existing rule says ‘widow’ or ‘widower’ shall mean a spouse, legally wedded to deceased government servant or pensioners.




y

No merger of 50% DA into basic, as finance ministry issues order payment for 53% DA

DA to central government employees was enhanced from 50 per cent to 53 per cent of the basic pay with effect from July 1, 2024




y

Finmin gives effect to revised consolidated pay for IRDAI Chairman, members

Revised pay to be effective from January 1 this year



  • Money & Banking

y

India to continue supporting Global South with strong forex reserves, says FM Sitharaman

At a Centre for Global Development event, Sitharaman highlighted India’s use of foreign reserves to aid distressed nations without conditions.




y

Govt plans to issue ALMM for PV cells to push India's green energy transition

The 2019 ALMM order (List-I) specified models and manufacturers of solar PV modules, whereas List-II will identify and include models and manufacturers of solar PV cells




y

Govt proposes 15-year PPA for FDRE projects with battery storage

The Power Ministry seeks stakeholder feedback on amendments




y

India’s new biodiversity strategy aims to protect 30% of ecosystems, restore degraded habitats by 2030

This plan aligns with the global targets set by the Kunming-Montreal Global Biodiversity Framework.




y

Aviation Minister proposes over 50 helicopter emergency medical units along highways

This initiative aims to enhance rapid medical assistance, particularly in remote areas, and align with global healthcare standards




y

Govt may bring flex fuel vehicles on a par with EVs

Mulls reducing GST, offering support to crops to boost ethanol output




y

Indirect tax related quasi-judicial adjudication, appeal cases to mandatorily heard in virtual mode

An advisory issued on GST portal lowered the AATO (Aggregate Annual Turnover) for reporting e-Invoices on IRP portals within 30 days to Rs ₹10 crore and above from Rs ₹100 crore and above




y

CCI sharpens penalty recovery rules, seeks public input on new amendments

Stakeholders invited to share feedback by December 6 on proposed changes aimed at a more streamlined and effective penalty recovery process




y

GoI invites proposals for establishing Centres of Excellence under Green Hydrogen Mission

This initiative, launched by the Ministry of New and Renewable Energy, aims to position India as a global leader in Green Hydrogen technologies by enhancing research in production, storage, and utilization




y

Precooked, ready to eat food to attract 18% GST: Kerala AAR

Kerala Chicken Curry, Chettinadu Chicken Curry, Chicken Biryani, Mutton Curry, Mutton Roast, Beef Fry, Beef Roast etc. constitutes ‘ready to eat packaged food’ more specifically than ‘prepared or preserved meat: AAR




y

Vehicle scrappage policy receives lukewarm response: Auto dealers

State incentives boost scrappage uptake, but space limitations hinder progress




y

Hyundai Creta: In the lead

New design and tech might headline the new Hyundai Creta’s list of updates, but how good is it to drive?




y

2024 Land Rover Discovery Sport launched




y

Hyundai sales rise 8.5 per cent in January at 67,615 units

The automaker had dispatched 62,276 units in the same month last year.




y

Aprilia RS 457: Little Italy

The newly launched Aprilia RS 457 proves itself at the Kari Motor Speedway




y

Bentley Bentayga EWB: First Class

The Bentley Bentayga pretty much kickstarted the luxury SUV trend. How good is it nearly a decade later?




y

Extra? Ordinary?

The smarter-looking, (supposedly) performance-focussed Creta N Line commands a small premium. Is it worth the extra money?




y

BMW iX1: iX1 for everyone

The all-electric BMW iX1 puts all-electric performance, robust handling, and great brand value in one compact SUV package




y

New flagship Land Rover Defender on its way

It’ll be powered by a twin-turbo V8




y

Land Rover Discovery Sport: New Discoveries

As a do-it-all SUV, the Land Rover Discovery Sport offers more than its entry-level positioning might suggest




y

BMW iX xDrive50: Watt-aboutery

Following its successful market performance, BMW has decided to make the iX more powerful with the introduction of the new iX xDrive50 model




y

Force Gurkha: Battle-Ready 

True to its name: A new Gurkha is in town, and it appears ready to take on its rivals head-on 




y

MG 100-Year Limited Editions launched 

The prices of special editions start from ₹9.40 lakh for the Comet EV, ₹14.81 lakh for the Astor, ₹21.20 lakh for the Hector, and ₹24.18 lakh for the ZS EV




y

Honda City e:HEV: Silent Victory

The Honda City e:HEV brings intelligent hybrid power to the sedan space




y

Toyota Innova Hycross Hybrid: In the mix

Can the Toyota Innova Hycross Hybrid live up to the model’s legacy?